Overview
The Portfolio123 platform delivers comprehensive data solutions tailored to various geographical markets. With its user-friendly tools, investors can access in-depth stock information to support informed investment decisions. This article highlights the European dataset provided by Portfolio123..
Subscription Options
Upon your enrollment in Portfolio123, you have two primary options:
1. North America Data Package
2. Europe Data Package
Subscribers who wish to access data from both regions will incur an additional fee in addition to the base subscription cost.
European Market Coverage
Portfolio123’s European dataset offers broad coverage of both developed and emerging markets across the region. The following is a list of countries included in the European data package:
Developed Markets
- Austria
- Belgium
- Denmark
- Finland
- France
- Germany
- Greece
- Iceland
- Ireland
- Italy
- Luxembourg
- Malta
- Netherlands
- Norway
- Portugal
- Spain
- Sweden
- Switzerland
- United Kingdom
Emerging Markets
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Hungary
- Lithuania
- Poland
- Romania
- Slovenia
- Turkey
Accessing European Data
Managing Regions access on your account:
1. Log in to your Portfolio123 account and navigate to Account Settings..
2. Within this section, locate the Subscriptions tab. Here, you can select or modify your regional data preference by choosing between North America, Europe, or Both.
Integrated Universe Access
Once subscribed, the European data becomes accessible through the Universe component, enabling streamlined exploration and analysis of your selected European markets.
Universes in Portfolio123 can be initialized with broad geographic scopes such as "All Europe," "Developed Europe," "Emerging Europe," and "Europe 600," providing users with a wide selection of stocks across multiple countries in the region. For those looking to narrow their focus, the Country function can be used within the Rules section to filter by specific countries. By applying Country("cid,cid,cid,...") , users can target equities from selected countries using their corresponding Country IDs (CIDs).
Considerations When Utilizing European Data
A significant proportion of European companies follow a semiannual reporting schedule. As a result, when analyzing financial metrics and data:
1. Reporting Frequency: Most European companies release financial statements twice a year, which affects the timing and availability of fundamental data compared to the quarterly cadence common in North America.
2. Recommended Data Factors: To ensure accuracy and consistency, it's best to use Trailing Twelve Months (TTM) or annual factors. These are better aligned with semiannual reporting and provide a more complete picture of company performance.
3. Understanding Quarterly Factors: When viewing quarterly factors for semiannual reporting companies, note that they reflect the latest semiannual data. For instance, a factor might present data for different offset in a sequence like "300 0 350 0", indicating semiannual data interspersed with 'zero' for the quarters in between.
Examples using European Data
Screens:
This basic 'value momentum' strategy for European stocks also serves as an opportunity to highlight key considerations when working with European data.
Live Strategies:
Multifactor Europe - Mid to Micro Cap
This Portfolio123 model selects high-dividend stocks with the goal of matching or modestly outperforming the MSCI Europe, while maintaining significantly lower risk.
Low Risk, Rising Dividends Europe
This Portfolio123 model is designed to exploit market inefficiencies and outperform the MSCI Europe, generating a dynamic portfolio of well-positioned European stocks.