Whether you invest in stocks, ETFs, futures, FX, or other instruments among various market sectors, the most detrimental thing to your success is the data and analytical tools you complement your strategy with. A while ago, these might have been worth a small fortune per month, but today, things are different, thanks to Koyfin.
This Koyfin review covers everything you need to know about one of the most accessible financial data platforms on the market.
| 🚀 Features | Fundamental analysis, financial statements, charts |
| ✅ Best For | Stock research and analysis |
| 💰 Pricing | $0-$349/month |
| 💻 Technology | Web-based, iOS, Android |
What is Koyfin
Koyfin is a cloud-based financial data and analytics platform designed to ease the process of keeping track of news in real-time, discovering new developments, researching stocks and understanding market trends.
The tool covers various asset classes, including stocks, bonds, mutual funds, ETFs, and FX. The data coverage also includes all types of economics news. Koyfin brings users a bird-eye view of all the essential things moving the stock market and affecting their portfolios.
Koyfin’s goal is simple. It brings users a powerful platform full of charting and analysis functionalities that help turn data into actionable insights.
Features
Koyfin’s platform is full of advanced functionalities. Technical analysis tools, price charts, data visualization tools, data dashboards, watch lists, market sectors overview, and more.
Advanced Charting
As its name suggests, the Advanced Graphing feature brings you powerful charting tools to visualize information better.
The overview dashboards and graphs are user-friendly, intuitive, interactive, and highly customizable. You can plot information across all of the supported assets and tailor the price charts to your unique trading needs and investment methodology.
Dashboard
All information in your account is united under a convenient and easy-to-navigate interface. Thanks to this, you don’t have to switch screens or browse through Koyfin to find what you are looking for. The unified view gives you access to everything you need at any point in time.
Koyfin gives you the freedom to create custom watch lists across different asset categories. They can be easily tailored to fit your trading style and personal preferences better.
Koyfin users face no restrictions in terms of the number of watch lists they can use. For example, one can have a separate dashboard for every asset class or client portfolio under management.
Through the customizable tables, you can also divide fundamental data and technical information and market data so that you can prioritize the most important things for your investment methodology.
Financial Analysis
The comprehensive financial analysis is one of the platform’s critical distinguishing factors. The number of fundamental metrics you can get access to is unrivaled by any other platform in this pricing tier and market segment. For example, with Koyfin, you can get your hands on valuations, comprehensive financial statements, detailed company snapshots, and more. Quarterly results go back two years, while the annual ones go back five years.
The platform’s fundamental and technical analysis features allow you to dig deeper and inspect the most important fundamental metrics used by securities analysts, including profitability, efficiency, and liquidity ratios.
More importantly, the way the information is structured helps reduce the complexity of financial statement analysis and take advantage of the essentials, like valuation metrics results and more. That way, you can save time and turn financial analysis into an easy and hassle-free task.
Besides having quick access to key highlights, you can also choose to “subscribe” to them. That way, you can continuously keep track of a company’s financial health and in a suitable format, according to your preferences (graphically, in tabular form, etc.).
Macro Dashboards
Thanks to this feature, Koyfin users can get 360-degree coverage of various markets and actionable insights. From currency and securities prices to macroeconomic indicators and global trends, you can ensure an extensive analysis toolbox covering all corners of the market.
Just think about it, if you want to hedge your portfolio against global macro risks, you have to keep track of various factors at once. This often is a challenging task, considering the abundance of information that flows through the markets at any point in time. Fortunately, Koyfin has found a way to overcome this issue. The tool unites everything you need to know under a single, easy-to-navigate view. Thanks to this, users can dive deeper with a diverse set of dashboards based on asset categories or market themes.
The macroeconomic data is combined in another standalone World Economics dashboard.
It features critical economic indicators that might affect your portfolio performance. Besides, it is equipped with an Economics Calendar page that covers each country’s economic data releases.
Costs
Koyfin offers a free plan, two paid plans for retail investors, and two plans for advisors. The free plan is a great starting point for beginners who want to get a first impression of how the platform works. It includes two watchlists, screens, dashboards, chart templates, and advanced charting. The paid plans Plus ($49 per month or $468 annually) increase all the watchlists, screens, dashboard and chart templates to unlimited use and enables data downloads, filings-access and transcripts. The Koyfin Premium plan ($110 per month or $948 annually) adds unlimited custom formulas, US mutual funds data, training webinars and priority support. In addition, there are two plans for financial professionals like adivsors at $239 and $349 per month.
Koyfin Review Summary
Koyfin is an excellent tool for investors who want to analyze North American stocks (over 100,000 global company snapshots) based on fundamental data for in-depth market analysis, along with real-time news, filings, earnings projections, and more.