Tools of Fundamental Analysis
Fundamental Analysis (FA) demands for extremely basic tools, a lot of which is accessible without cost. To be precise, one would require the following:
- Company’s annual report – Any data or information FA needs could be found in the annual reports of the company which is attainable for free from the company’s website.
- Data that concerns the industry – To examine the chosen company’s performance with its respective industry, the industry data will be required. The basic information is available, free of cost, at the industry’s association website.
- Access to news – Latest updates on developments of your chosen company and its industry could be obtained from daily news. Good business newspapers, websites, or services would keep you informed about any changes made.
- Google Sheet – This tool is not free but could be exceedingly helpful in calculations and keeping everything organized.
Anyone with these 4 sets of skills can develop fundamental analysis that could compete with institutional research. You can trust me when I tell you that no other tool or skill is required to perform basic fundamental research. Even the institutions believe in keeping their research as plain and logical.
