GlobalAnalyst, a new tool announced by the Interactive Brokers Group, is set to allow investors to compare relative valuations and financial metrics of stocks globally, assisting in the discovery of undervalued companies with great growth potential.
In a recent release, the company said the tool comes after recognizing the challenge investors face in evaluating metrics of stocks traded in different currencies around the world.
“In addition to offering investment choices from more than 135 global markets, we continue to provide investors with leading technology and tools to help them make informed investment decisions,” Thomas Peterffy, chairman and founder of Interactive Brokers, said in the release. “GlobalAnalyst is a great tool for individual investors and sophisticated traders to begin their search, looking to take advantage of the benefits of investing globally. We emphasize that thorough analysis must always follow initial findings.”
The GlobalAnalyst tool will allow investors to compare any number of stocks by various metrics in any of the 27 different currencies offered, the release said. It will also allow users to buy, sell and follow the stocks of their choosing in any currency from just one account and on one screen.
According to the release, the search filters for the tool will include region, country, industry, market capitalization and currency. While GlobalAnalyst can be used simply by any investor quickly searching for international stocks, it is available free of charge on the Interactive Brokers website, according to the release.
Interactive Brokers serves individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers worldwide, the release said. The group offers automated trade execution and custody of securities, commodities and foreign exchange on over 135 markers around the world.