copyright 2002 iclubcentral inc. – all rights reserved understanding screening using naic stock...

Copyright 2002 ICLUBcentral Inc. – All rights reserved

Understanding Screening

Using

NAIC Stock Prospector


What is Screening?

• Searching a database to find companies with specific characteristics

• Reducing 11,000+ companies to a manageable number for analysis


Screening Steps

1. Set search (investment) objectives

2. Set search (screening) criteria

3. Select items to report

4. Set importance factors (weighting)

5. Sort

6. Viewing & printing the results


NAIC Stock Prospector


Step 1 - Objective

Your investment objective

determines your search

Investment Objective Search for:

Willing to take some risk Growth

Unwilling to pay a “premium” Value

“Blue-chip” companies Quality

Preservation of capital Safety


Step 2 - Screening Criteria

Main Objective

Growth Value

Quality Safety

Secondary Objective

Support (or confirm) the main objective


Beginner Criteria

also selects the report


Growth Example

• EPS R2 > .95

• EPS Growth > 15%

• Revenue Growth > 15%

• Projected Growth > 15%

• Relative Value < 1


Safety Example

• Current Yield < 3%

• Dividend Growth > 10%

• EPS Growth > 10%

• EPS R2 > .9

• Dividend Payout < 60%


Step 3 - Which Items?

For the Beginner (using the Wizard)

• 8 pre-defined reports

• 25 user set reports

For the Experienced

• customize to suit search

• choose from 8 Groups and 100+ items


Beginner Reports

both report and criteria are selected


Experienced Reports

customize reports by using familiar items


Step 4 – Weights(What is Important)

• Assign “importance weights” to individual items• Establish relative ranking for selected companies• User set from 0 to 5


Step 5 - Sort

any item in the report


Step 6 – Looking at the Results

• Selected Companies• Data Report• Historical Data Graph• Ranking Report

– shows how and why a company was selected

– shows how and why it was ranked the way it was


Company Report


Ranking Report

shows how and why a company was selected and how and why it was ranked the way it was


Export for Analysis


Cautions

• Data

• Screening Criteria and Weights

• Follow up with confirming analysis


Updating and Exporting

STB ProspectorDatabase

Analyst Program

NAIC Datafiles

http://www.iclub.com

copyright 2002 iclubcentral inc. – all rights reserved understanding screening using naic stock...

Documents

rights reserved step

rights reserved export

rights reserved company

selected slide

main objective slide

confirming analysis

eps growth

ranking report