Dear all,
We have released a new engine. There have been some necessary architectural improvements which should have no observable effect, and there have been changes & additions to factors listed below.
PEG factors
Our PEG factors have always been a bit unclear and confusing. We originally wanted to expose the two different prevailing methods to calculate PEG which involve either using a long-term growth rate (from the analysts) or a shorter-term growth rate (calculated from next year estimates compared to trailing). The naming convention we chose was confusing and the algorithms they used also had some inconsistencies.
To remove any possible confusion, we deprecated the PEG and PEGY factors, and we now have very explicit names only:
PEGLT - uses long-term growth rates
PEGLTY - uses long-term growth rates and includes Yield
PEGST - uses short-term growth rates
PEGSTY - uses short-term growth rates and includes Yield
In addition, if your systems use PEG or PEGY, they still work but will now correspond to PEGLT & PEGLTY respectively. Please also see the updated documentation for more information.
Changes for FactSet users
StaleStmt now works as expected. StlaeStmt is TRUE (1) if there’s newer data out there more recent than what we have in the databases. (this is due to the lag from vendors to process the data)
We have added ProjPENTM (next twelve months) to complete the set of ProjPECurFY and ProjPENextFY.
Ticker & CoName
You can now also use wildcards for Ticker & CoName. Use ‘?’ to match any single character and ‘*’ to match any set of characters. So, for example:
Ticker(“I?”) will match IO, IP, IX, etc.
Ticker(“IB*”) will match IBM, IBA, IBKR, etc.
We added a new function to screen for Company Names similar to Ticker called CoName(“name1,name2,…”). You can use wildcards as well.
Let us know of any issues
Thank You!