Use Scoring Models to quickly score and rank the securities in your screener or table, analyze and better understand any risks, compare value, growth, yield, and more and increase your confidence when recommending or selecting investments.
Getting Started
Identifying Scoring Model Metrics
Frequently Asked Questions
Getting Started
How to Create a Scoring Model:
1. Open either a Screener or Comp Table and select Scoring Models.
2. Click Create New Scoring Model.
3. Give the scoring model a name.
4. Choose the Type of scoring model
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Rank: The results of your screen will be ranked by your custom weighted score then applied a value corresponding with their rank in the group. "1" is the top ranked.
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Percentile: The results of your screen are again scored by your custom weighted model then applied a value between 0 and 100 depending on their percentile rank. 100 is the highest ranking security.
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Score: The weighted model is applied to your security list and then the group is distributed among a normal distribution curve. A score closest to one is the furthest right on the curve while a value of zero would be the furthest left.
5. Add the components of your scoring model and assign a weight as well as what to value to use for Null values. Null values are used when a security does not have data for a specific metric. You can choose to assign null values as the minimum, median, or max value in your screener or set it to zero.
6. Select Save and then Add Score Column.
Identifying Metrics in a Scoring Model
Your YCharts account includes pre-configured scoring models. You can analyze each model to understand the specific metrics and weighting used.
To view the makeup of your scoring model, follow the directions below:
1. Select Scoring Models, then click Open Saved Model.
2. Select the pencil icon next to the scoring model.
3. This will then open the metric breakdown for the scoring model.
Frequently Asked Questions
Can I share a scoring model with a colleague?
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Yes, scoring models can be shared. To do this, you'll want to open the scoring model, following the instructions here. Once your on the page with the metric breakdown, you can select Share at the bottom of the pop up box and choose the share group.
What does Fixed mean in a scoring model?
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Selecting the "Fixed" button within a scoring model will automatically distribute equal weights among any unchecked metrics, ensuring the total allocation remains at 100%. As illustrated in the gif below, when "Fixed" is deselected, the remaining 60% is equally assigned to the two metrics.