Help Us Shape StockGPT's Future: What Features Could Make Us Your Ultimate Stock Market Research Platform?
Your honest feedback is crucial! How can StockGPT enhance its offerings to surpass your current favorite stock market research software?
In the world of stock market research, myriad tools and platforms exist, such as Seeking Alpha, Motley Fool, Zacks, and many others. Each of these has its own followers, yet none of these tools seem to have any kind of proprietary stock-picking method or provide transparency when it comes to the outperformance of their tool. Here, at StockGPT, we pride ourselves on offering a unique, AI-driven stock market ranking and rating tool that is backed by our performance trackers to transparently show everything we picked in the past and then showcase their performance over time which drastically set us apart from the crowd. Our OptionsGPTus.com product is beating the market by a long shot and currently sits at 17.29% return since 5/11/2023 or 69.17% if used for Options. See this performance tracker here!
We've noticed that many of these platforms use generic models to rank stocks but don't necessarily share a consistent track of how their recommendations perform over time. They often present backtests promising long-term outperformance versus indices like the S&P 500, but without substantial data to substantiate these claims.
For instance, Seeking Alpha's tool currently flags over 800+ stocks as a "BUY", but without further distillation of this information, this can seem overwhelming and unactionable for investors. How is one to purchase 800+ stocks without some automation? Additionally, their claim of outperformance can appear misleading because realistically no one will have 800+ stocks in their portfolio, and if someone did, the fees would eat into most of those gains. I even spoke to the founder of Seeking Alpha’s Algo Quant who admitted by saying “Their product is not meant to be used out of the box”. I then built a tracker of their tool to check their performance and followed it for a month, the results of which were disappointing. I’ll share more on this in the future as I gather more data!
Despite these observations, these platforms continue to attract users. It raises a question: What makes these other softwares worthwhile for you? Is it solely for the real-time news, or are you deriving other value from these platforms?
We at StockGPT are eager to understand your needs better and develop our platform to exceed your expectations. What elements or features would make StockGPT your preferred choice for stock market research?
We envision StockGPT as your go-to hub for everything related to the stock market. If you currently subscribe to any other stock market service, we would love to hear from you.
Please use the comment section of this post to share your insights. Tell us about the service you're using, what keeps you using it, and what features or improvements could make StockGPT your number-one choice.
Your feedback is invaluable to us, and it will guide the future development of StockGPT. Together, let's make StockGPT the ultimate tool for navigating the stock market!
Thanks,
Sohin
A couple months back you had alot of stocks listed as strong buy or buy in the 9 and 10 range if i remember correctly. Now, they are only ranked as 1-4.
I hesitate to offer this one because everyone is likely to have their own opinion, but have a target price listed that the algo pinpoints would be an interesting dimension to track over time... how accurate is the target predication for major inflections in individual securities, and how does that target move over time.