Interactive Brokers’ TWS platform offers expanded TipRanks ratings

Maria Nikolova

TipRanks ratings have been expanded to include non-US stocks, with added coverage for over 6,700 Canadian and European companies.

Electronic trading expert Interactive Brokers continues to beef up the functionalities of its TWS platform.

In the latest (beta) version of the platform, TipRanks ratings have been expanded to include non-US stocks, with added coverage for over 6,700 Canadian and European companies. TipRanks evaluates recommendations by financial analysts and bloggers, and then ranks their recommendations based on historical accuracy and performance.

To view TipRanks Ratings and Sentimental Analysis, select a symbol and open Fundamentals Explorer from the New Window drop-down. Open the Analyst Ratings tab and click TipRanks Ratings or TipRanks Sentiment.

TipRanks Ratings and Sentiments are available across all of Interactive Brokers’ trading platforms, including Client Portal, IBKR Mobile for iOS and IBKR Mobile for Android.

FinanceFeeds’ readers may recall that Interactive Brokers added TipRanks fundamental analysis for US stocks to TWS back in the fall of 2017.

TipRanks, founded in 2012, seeks to bring the general public accurate and accountable financial advice, provided by analysts, hedge fund managers, financial bloggers, and corporate insiders. The technology uses Natural Language Processing (NLP) algorithms to aggregate and analyze financial data online.

Let’s note that the TWS platform is offering traders enhanced access to company fundamentals data on stocks and mutual funds via the Fundamentals Explorer.

The functionality aims to help traders better gauge the fundamental value of an asset. The explorer includes Company Profile, Financials, ESG Rating, Key Ratios, Competitors and more.

The company has added more than 200 new company and ETF ratios including graphical trends to show how key financial ratios have trended in the past five years and comparisons to peers within the same Thomson Reuters Business Classifications. Traders can expand on the ratio to view a bubble chart comparing the same ratio against four peers with the nearest market capitalization, and compare ratio trend values with a peer. Traders can also select a competitor to continue their fundamentals research.

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