Find the Best Free Excel Tools for Fundamental Analysis
If you don’t want to coerce too many brain cells into building an analysis spreadsheet, you can find a few Excel tools for free.
Spreadsheets are great tools for analyzing stocks, but building your own [Hack #45] takes some time—particularly when you’re still trying to learn what financial measures mean and how financial ratios reflect performance. The Web offers plenty of free tools as the results from any online search will indicate, but finding tools that are worth something is another matter entirely. However, you can count on someone who volunteers his time teaching investing to offer an outstanding, free web site with both tools and education.
Bob Adams, a director on the national NAIC Computer Group Advisory Board as well as the Puget Sound chapter, has a web site (http://bobadams.homestead.com/bobsite.html) that offers several spreadsheets for analyzing the fundamental measures of companies, not to mention other spreadsheets for portfolio management [Hack #76] . What makes these analysis tools the best is that they include comments that explain what measures and ratios represent, and identify desirable values or red flags for each. The web site is intended to provide access to files for people who attend Mr. Adams’s investment classes. However, anyone who wants to learn how to analyze stocks can download any of the files. Here are some of the analysis tools you can use:
- MS Excel Spreadsheet
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