Making a sound profit can pose a true challenge in the stock market. Thousands of stocks bring thousands of opportunities.
Sadly, investors often fail to acquire healthy profits due to the lack of their research and analysis. Thanks to the increasing prevalence of research and analysis tools, entering potential trades is no longer a hassle.
But what are some of these unique software? Let’s find out as we learn more about them in the following sections.
Best Market Research & Analysis Software For Better Profitability
AltIndex, in our opinion, is the #1 market research and analysis software investors need to have today. The platform is an excellent integration of human insight and AI expertise in trade.
The software has a unique social sentiment analysis feature that examines billions of websites to extract crucial information. In simple terms, AltIndex’s AI scraps data from social media networks, news sites, and other reliable sources to evaluate the overall market sentiment for different companies.
Based on the data acquired, the platform uses several technical metrics to rank companies based on their potential breakthrough. Based on the numbers between 0 (strong sell) and 100 (strong buy), investors can easily prioritize different stocks to maximize trade profits.
For traders invested in technical analysis they get the option to navigate through thousands of stocks and cryptocurrencies using different technical indicators.
Who It’s For?
AltIndex is an excellent option for both swing traders and long-term investors. It brings you several features to add potential to your trades, namely:
Fundamental analysis
Technical analysis
Investment research
Cryptocurrency data
StockLytics is another stock market research and analysis software best suited for investors with a knack for exposure. The platform has access to 11 marketplace exchanges, including those in the UK and Europe.
The free-to-use software leverages real-time analysis and technical grading, making it a fantastic choice for traders at all stages of their learning curve. It offers some of the most thorough market evaluations by scanning popular financial news websites like Yahoo and Barrons.
Like AltIndex, StockLytics also leverages technical ratings to highlight a stock's profitability. The platform categorizes potential stocks based on buy, hold, or sell indicators, depending on their current market movements.
Who It’s For?
StockLytics is an excellent option for investors at any end of the learning curve. The platform offers several tools and options to aid your stock research, namely:
Fundamental analysis
News and quote data
News and quote data
Stock ratings on performance
WallStreetZen
Next, we have WallStreetZen, a unique market research and analysis tool designed to offer its users comprehensive technical analysis. This stock research software leverages financial data and performs core analysis to list several stocks' fundamental strengths and weaknesses in real time.
The platform is backed by over 4,000+ analysts worldwide who help WallStreetZen create stock listings. These ranks are based on the annual returns, performance, and overall win rate of different stocks in the long run.
WallStreetZen also offers ‘Zen Score,’ a unique strength and weakness analysis of different companies. This score is divided into five dimensions to provide a 360-degree overview of stock analysis to improve your profitability.
Who It’s For?
WallStreetZen is the ideal software for fundamental traders and investors. The platform offers the following tools to streamline your stock research:
Fundamental analysis
Stock pickers/analysts
Stock screener
Investment research
News and quote data
Yahoo Finance is accredited as one of the most reliable global news sites for traders and investors. Interestingly, apart from the news, the platform also has analysis software that allows technical traders and fundamental investors to streamline their trade approach.
The software highlights fundamental analysis and statistics for several shares listed in different markets. Yahoo Finance is also a great option to plan your future trades as it gives you complete insight into different companies' past performance and financial statements.
What’s more? Yahoo Finance boasts over 100+ technical indicators, helping several users finalize their entry and exit points into different trades.
Who It’s For?
Yahoo Finance is an excellent tool with multi-purpose functionality. It’s best for investors new to the market and looking to be a part of the learning curve. Here are some features to help you navigate through the process:
Technical analysis
News and quote data
Stock pickers/analysts
Fundamental analysis
When talking of potential market research and analysis software, you can’t miss out on ‘thinkorswim’ by TD Ameritrade. The platform has been one of the key players in the market, providing significant data inputs to the market since 1999.
The platform is accommodating for a variety of traders and investors. Once signed up, you can easily access many charting tools, case studies, price data, and technical indicators to add to your trade setup.
However, that’s not all. Code-oriented traders signing up with thinkorswim can create their analysis tools using ‘thinkScript,’ the platform’s native programming language. Aspiring day traders can also leverage the “paperMoney” feature to backtest their strategies in live market simulations.
Lastly, thinkorswim’s integration with TD Ameritrade brokerage accounts makes it a complete trading software.
Who It’s For?
Thinkorswim is a proprietary software designed for traders at every level of their learning curve. The platform allows you to streamline your trading journey using many core features, namely:
Stock pickers/analysts
News and quote data
Native app-coding options
Investment research
Conclusion
This brings us to the end of our list of the best stock market research and analysis software. While the list is brief, it’s not the end. The market is filled with options, with every software designed for the individual needs of traders. Therefore, ensure you’ve done a thorough research and settle for one that meets your requirements. All the best!
