The primary reason for this discrepancy lies in how Investing.com processes financial data across multiple markets and currencies.
Currency Normalization in the Screener
When using the Investing.com stock screener, you may notice that certain financial metrics don't match exactly with what you see in your watchlist. This difference occurs because we normalize all values to USD in the screener system. This normalization process is intentional and serves a specific purpose in enhancing your screening experience.
The Purpose of USD Normalization
Currency normalization to USD allows our filters to be applied meaningfully across all trading items, regardless of their original market currency. Without this standardization, comparing companies from different regions would be like comparing apples to oranges, making the screening process less effective and potentially misleading.
Practical Example
Consider a scenario where you want to filter for companies with revenue exceeding 100 million. When you apply this criterion in our screener, it automatically converts all company revenues to USD before applying the filter. This means that whether a company reports in euros, yen, pounds, or any other currency, the system will first convert that value to USD and then check if it meets your criterion of exceeding 100 million.
This standardization ensures that your screening results are consistent and comparable, providing a level playing field across global markets.
Current Limitations and Future Plans
At present, our system doesn't support different normalization currencies in the screener. We understand that some users might prefer to view and filter data in their local currency or a currency of their choice.
We're pleased to share that adding support for different normalization currencies is currently on our product roadmap. This enhancement will give you greater flexibility in how you view and filter financial data according to your specific needs and preferences.
Comments
0 comments
Article is closed for comments.