StocksCafe x Morningstar
StocksCafe recently signed a deal with Morningstar. In case you have never heard of Morningstar, here is a wiki article about them. Basically, Morningstar is an established company that provides a wide array of products and services to both retail and institutional investors.
With the recently signed deal, StocksCafe will now be getting financials data directly from Morningstar. It is a significant improvement from what StocksCafe currently has as the number of metrics will increase from less than 100 to more than 500. Furthermore, the historical data will increase from 5 years to more than 30 years.
Basically, whatever financials data that you can find in Morningstar will be available to StocksCafe. You can compare the differences here: Morningstar’s Apple vs StocksCafe’s Apple. You might have noticed that StocksCafe is still missing many metrics. It is just because there are so many of them that I am still in the midst of porting everything over.
In addition, the deal also included London exchange. So StocksCafe will finally have fundamental data for London-listed companies (e.g. GSK).
The main limitation is that all these financials data only include companies and not ETFs / Mutual Funds.
What’s next?
1) I will continue to work on the financials page (example) such as adding more metrics, grouping the metrics for easier viewing and including all features that are currently available in the profile page (example).
2) The profile page will eventually be deprecated (end of life will be March 2021).
3) Screener will also be updated to use data from Morningstar. I will announce in another article once that is ready.
I hope you are as excited as I am to be switching over to Morningstar for more comprehensive financials data in StocksCafe!
Happy investing!
Welcome the news as Morningstar is one of the industry’s standard. Just wondering if price data of unit trust/mutual funds are included in your package?
Thanks for making this happen. Always knew that stocks.cafe would grow bigger right from Day 1. Appreciate all your hard work on this.
Wow, fantastic news Evan. Thanks for the work to make this happen.
Fantastic, awesome job Evan!
Thanks Evan! From a portfolio mgmt tool to become something bigger and more comprehensive for us investors!
This is fantastic news Evan! A deal with Morningstar is something really to be excited about. Cant wait to see what changes you bring in with this integration! Great news… 🙂
StocksCafe is getting better and better. Really appreciate your work.
Awesome! Really appreciate your effort, Evan.
Solid, swee ah !!!
Waiting for the day StocksCafe become a brokerage, $0 comm and fees, please =P
@all Thanks 🙂
@seekingprivatereturn Nope. Did not get that. But it does seems like Morningstar have everything. It is just a matter of how much I can afford to pay 🙂
@evankoh, hopefully StocksCafe gets bigger and we can afford that! integrate all the funds that we are invested in into the Portfolio function as well 😀
Hi @evankoh, just realised that some of the values from Morningstar are not represented well in the Financials tab. Using Apple’s Income Statement as an example, revenue for 2019 09 (Morningstar) and 2019 Q3 (StocksCafe) are the same, but 2020 03 (Morningstar) and 2020 Q1 (StocksCafe) are different, as for StocksCafe version it is actually adding up the values from the previous quarter as well.
https://stocks.cafe/stock/financial/AAPL?exchange=XUSX&type=2&statement_type=1
http://financials.morningstar.com/income-statement/is.html?t=AAPL®ion=usa&culture=en-US&ownerCountry=USA
Just checked via the two links above
@yhy Thanks. Let me look into it carefully.
Btw, created a ticket for track-ability and transparency -> https://stocks.cafe/friend/viewissue?issue_id=1906
Awesome, thanks for making this happen Evan. Looking forward to an even better platform experience!
Great news for all stock.cafe friends. Thanks Evan for the effort!
You are awesome Evan! I have been cross referencing data sets from morning-star separately along with your own data as morning-star is more comprehensive in some areas. Looking forward to your continual innovations in stocks-cafe
thanks Evan, keep up the good work!