Stock Market

Where Else Can I Find Undervalued Stock?

This is going to be a short one because I am sick and I am having a light headache.

Recently, I found another website where I could find undervalued stock.

TMX Money provides a very thorough stock screener that is very easy to use.

Screen Shot 2017-11-14 at 4.37.36 PM

TMX Money’s stock screener is pretty similar to Finviz, however you can choose the stock exchange you are interested to look at and the sector you would like to invest.

For me, I chose The Toronto Stock Exchange because it is not worthwhile for me to invest in the U.S stock market due to the currency rate ($1 Canadian = $0.79 U.S.).  Moreover, I set the current price earnings ratio (Current P/E ratio) to be between zero to twenty because any stock with a P/E ratio of above twenty means the stock is overvalued.  Lastly, I set the 30 day average volume to be between one million to twenty million because I would be able to exit the market whenever possible.

Screen Shot 2017-11-14 at 4.52.46 PM

Nineteen stocks have been generated through this screen:

Screen Shot 2017-11-14 at 4.53.58 PM

We will look into those later! Catch you on the flip side!

Oh god! I feel like s***!

6 thoughts on “Where Else Can I Find Undervalued Stock?”

  1. Hi there,
    Just wanted to mention a few things after reading this article and quickly skimming some of your others.
    Firstly, good on you for realizing you CAN and SHOULD save for retirement on $40k a year in Toronto. You also appear to have decent knowledge of fundamental and technical analysis. I lean much more heavily on fundamental analysis, as that is truly what the value of the stock should be all about. I don’t care what signals the price chart is giving if a company is about to go bankrupt!
    My biggest concern for you from my quick read is that you have a geography bias towards Canada, based on this comment; “it is not worthwhile for me to invest in the U.S stock market due to the currency rate ($1 Canadian = $0.79 U.S.)” This thought is troubling for two reasons:
    1: Focusing all of your investments in Canada naturally increases the amount of volatility in your portfolio, due to Canada’s relatively non-diverse economy.
    2: Your analysis of the exchange rate as a negative is not necessarily correct. Long-term average exchange rates between CAD and USD are about $1 CAD = $0.80 USD. While it would be great for us Canadians if the CAD surged to above $1 USD where it was not so long ago, there is not much evidence that this will be the case. The $0.75 to $0.85 could very easily be considered the middle ground for CAD to USD, and so the current exchange rate should not greatly impact any investment decision you may make.

    Without knowing more of your situation I’d still say congrats again for deciding to aim big and go for it! I will most likely eventually read your cryptocurrency posts, but alas I do not have the time right now. Since I see home/geographic bias a lot, I am about to post an article about it if you’d like to learn more about it’s consequences, especially in relation to Canadian investors.

    Good luck on your journey!

    Like

    1. First of all, thanks for your comment! I appreciate that you have opposing views on some of the stuff I mentioned in this blog because I know I am not always right.
      In regards to my analysis of exchange rate, I agree that the rate between CAD and USD would stay around $0.75 to $0.85 in the long run, and I should not just put “all eggs in one nest”. The reason I said I would not invest in American stocks at this moment is mainly because I just do not have much cash in hand to invest. I do not want to buy just a few shares of an American company and having to pay exchange rate plus commission fees. When I have money to buy a lot of shares of an great American company with a great exchange rate I would invest.
      I am happy that you are enjoying my blog so far. I hope we will keep connecting!
      P.S. I did Tough Mudder last year and Spartan Race is WAY tougher.

      Liked by 1 person

      1. Glad to hear more of your strategy and thought process, and I’d say it’s a good one! Commission fees have such an impact on stock trades, especially when, as you say, you aren’t able to buy more than a few shares.

        Thanks for the input on the OCR events as well! I will probably end up doing both events in 2018, but Spartan seems to appeal more to my competitive nature.

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      2. I believe whenever you decide to invest in a public company, it would be wise to look at their statements first and then you analyze charts to see at what price you should buy stocks of this company. In addition, with stock prices so high and returns not so high, you need more money to invest in order to have the commission fees worthwhile. That’s why I am very careful at choosing how to invest my money.

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