Show HN: I built a website to create financial models for any stock online • Hacker News Board

Re: Show HN: I built a website to create financial models for any stock online

#41

Post by neeeeees » Fri, May 17, 2024, 8:23 PM UTC

jb1991 wrote: post #37

ArtTimeInvestor wrote: post #32

Im skeptical whether these types of models can help you make better investment decisions. The fate of a company usually hinges on some fundamental question. For Apple it is whether they can stay a prominent platform that can capture a significant portion of the value created on it. For Tesla it is how fast their self driving tech will evolve. For Google it is whether AI will make search obsolete or more valuable.

Counterpoint: Jim Simons

Quite the opposite actually. Simons and similar practitioners eschewed fundamental valuation techniques. Buffett is possibly a better example.

Re: Show HN: I built a website to create financial models for any stock online

#42

Post by jstanley » Fri, May 17, 2024, 8:27 PM UTC

Very nice, coincidentally I have been thinking about making a similar tool lately, but I'd make it quite a bit more conservative.

I'd want to be able to define a model like "I think the fair value of a company is its net current assets plus its last 5 years of earnings", and have the tool email me whenever I can buy shares in any company substantially below that price, or sell them substantially above.

It wouldn't be very hard to do, it just needs the data.

Where are you getting your data from?

Re: Show HN: I built a website to create financial models for any stock online

#43

Post by [deleted] » Fri, May 17, 2024, 8:30 PM UTC

TradingPlaces wrote: post #26

Everyone: This is a nice simple interface for making a discounted cash flow (DCF) model, and the pro version lets you export that to Excel. There’s still a lot of work to fill in those fields. More on DCF: https://corporatefinanceinstitute.com/resources/valuation/dc... OP: What are “AI Models"

[deleted]

Re: Show HN: I built a website to create financial models for any stock online

#44

Post by doctorpangloss » Fri, May 17, 2024, 8:35 PM UTC

rahimnathwani wrote: post #40

jb1991 wrote: post #37

Earlier quoted context omitted.

Counterpoint: Jim Simons

HFT isn't primarily about fundamental valuation.

I'm not sure why anyone would invoke Renaissance as an example of anything, giving how little people know about what they concretely do. Seems ironically unscientific of people who admire Jim Simons.

Re: Show HN: I built a website to create financial models for any stock online

#45

Post by pvg » Fri, May 17, 2024, 8:37 PM UTC

scarface_74 wrote: post #31

pvg wrote: post #12

Earlier quoted context omitted.

Please don't post shallow dismissals, especially of other people's work. https://news.ycombinator.com/newsguidelines.html

What’s shallow about it? If someone posted “Twitter for pets” should we all just instinctively applaud it? I posted links from respectable publications - the WSJ included - supporting my comment. It’s been well known for decades that almost everyone sucks at “analyzing stocks” using any methodology.

should we all just instinctively applaud it?

No. Which is in the site docs as well:

When something isn't good, you needn't pretend that it is, but don't be gratuitously negative.

But more importantly, what makes your comment shallow is not the ostensible depth and heft of your links, it's that it shows little evidence of having looked at the thing being showhn - it's a thread-invariant trope.

If someone does a Show HN for a Twitter for pets you are not required to applaud it, instinctively or otherwise, but you are asked to not reflexively dismiss it in thread comments. Critique is fair game, of course.

Re: Show HN: I built a website to create financial models for any stock online

#46

Post by [deleted] » Fri, May 17, 2024, 8:38 PM UTC

ArtTimeInvestor wrote: post #32

Im skeptical whether these types of models can help you make better investment decisions. The fate of a company usually hinges on some fundamental question. For Apple it is whether they can stay a prominent platform that can capture a significant portion of the value created on it. For Tesla it is how fast their self driving tech will evolve. For Google it is whether AI will make search obsolete or more valuable.

[deleted]

Re: Show HN: I built a website to create financial models for any stock online

#47

Post by jstanley » Fri, May 17, 2024, 8:42 PM UTC

beeboobaa3 wrote: post #2

If this worked you wouldn't be selling access, especially not for a one-time fee of $10. You'd be making millions. You could probably get away with charging a subscription fee.

Two economists were walking down the street. The first economist spotted a £20 note on the ground and stopped to pick it up. The second economist asked "why are you stopping?". The first economist said "to pick up this £20 note". The second economist replied "don't be stupid, if there was a £20 note on the ground somebody would already have taken it". The first economist considered this for a moment, then nodded, and they both walked on.

Re: Show HN: I built a website to create financial models for any stock online

#48

Post by trevzercap » Fri, May 17, 2024, 8:43 PM UTC

jstanley wrote: post #42

Very nice, coincidentally I have been thinking about making a similar tool lately, but I'd make it quite a bit more conservative. I'd want to be able to define a model like "I think the fair value of a company is its net current assets plus its last 5 years of earnings", and have the tool email me whenever I can buy shares in any company substantially below that price, or sell them substantially above. It wouldn't be…

Hi the data is from https://site.financialmodelingprep.com/developer/docs

Re: Show HN: I built a website to create financial models for any stock online

#49

Post by jstanley » Fri, May 17, 2024, 8:48 PM UTC

trevzercap wrote: post #48

jstanley wrote: post #42

Very nice, coincidentally I have been thinking about making a similar tool lately, but I'd make it quite a bit more conservative. I'd want to be able to define a model like "I think the fair value of a company is its net current assets plus its last 5 years of earnings", and have the tool email me whenever I can buy shares in any company substantially below that price, or sell them substantially above. It wouldn't be…

Hi the data is from https://site.financialmodelingprep.com/developer/docs

Thanks

Re: Show HN: I built a website to create financial models for any stock online

#50

Post by garyfirestorm » Fri, May 17, 2024, 8:49 PM UTC

trevzercap wrote: post #19

garyfirestorm wrote: post #14

your model is bonkers NVDA - Current Price: $921.93 | Projected Price: $30,082.68 | Difference: 3,163.01%

Hey, the model starts with the previous years growth numbers projected out 5 years. You are meant to give your assumptions to get to a valuation. NVDA revenue grew 125% last year so projecting that out for 5 straight years results in a very high value but is most likely inaccurate!

ah that makes sense. thank you for clarifying. i was expecting a fair valuation based on YOUR assumptions and the value I misconstrued was that YOUR assumptions are better than mine so I must pay you.