When analyzing stocks, there are many different techniques and styles. From a quick glance at the chart to a deep dive of the financials, each investor has their own unique way of sorting through equities. No matter what your style is, there are many hurdles to jump through and one of those is finding similar equities. Typically, people use websites or television pundits to find similar securities. The issue with this is many of them lack the ability to do a deep dive and find other relatable points besides sector.
www.Soniix.com is a website that takes an equity you have in mind and finds several others that have similarities. With an advanced algorithm, the product uses deep neural networks with natural language processing to find similarities between stocks. Also, you will have the ability to find similar stocks to evaluate and compare against for pricing and analysis.
One of your most valuable assets is time, and soniix can take your most valuable asset and return it to you. Right now, you can get the first 10 stocks that fit closest to your chosen equity.
Soniix is geared toward the individual who is looking to analyze their positions, or a professional looking to enhance their offerings. Again, this algorithm will save you time when it comes to comparing price and evaluating publically traded companies. If you find that your current position is overvalued, using www.soniix.com can help you find replacement equity with similar features and put your money to work in a more effective manner.