[HN Gopher] Show HN: Free 30-year financial statements visualiza...
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Show HN: Free 30-year financial statements visualization
Author : raymondmoay
Score : 181 points
Date : 2022-04-28 14:34 UTC (8 hours ago)
(HTM) web link (www.fintopea.com)
(TXT) w3m dump (www.fintopea.com)
| ge96 wrote:
| I see an E2E test on there, I wonder about this for my own code
| if it's enough.
|
| Sucks to add unit test to an existing app on the other hand E2E
| is nice.
| raymondmoay wrote:
| Thanks! Made this for myself while learning testing.
| Rocket89 wrote:
| This is nice. Reminds me a lot of koyfin before they went
| pay2play.. now I found myself some other open source tools. Thank
| you for this!!
| ars wrote:
| Please add logarithmic plots - and IMO they should be the
| default.
| raymondmoay wrote:
| Will do!
| randoglando wrote:
| This is amazeballs!
| RyanShook wrote:
| Great resource and love the interface. Thanks!
| random314 wrote:
| This is great. For 30 year time horizons, a log plot will be
| useful
| yessql wrote:
| This is fantastic. Would love to be able to have logarithmic
| y-axis!
| raymondmoay wrote:
| Will do~
| Seanambers wrote:
| This is a nice and handy site!
| gowld wrote:
| "is ${FOO}topea" a new trend in naming things, a play portmonteau
| / prtmontrois on "utopia" / "footopia"
|
| Example photopea.com
| raymondmoay wrote:
| Just like the naming tbh... it's kinda cute and the domain is
| available.
| cobertos wrote:
| TIL that photopea is not "Photo Pea"
| johnwheeler wrote:
| This is amazing! I love that you can plot the data on a graph
| with 2 clicks.
|
| If you're into superinvestor activity like gurufocus, I can
| recommend something in the same simple, bare-bones spirit as this
| site (though it is ad-driven). Check out https://dataroma.com
| i-das wrote:
| The corresponding source code seems to be here:
| https://github.com/RaymondMoay/fintopea
| raymondmoay wrote:
| Wow resourceful! I open sourced this to get my first job in
| code. Gonna private it for now, and consider open sourcing it
| again when I secure some requirements.
| dmane11 wrote:
| I need to build something similar for my job, so this already
| gave me couple of ideas. Thank you for sharing this! How did
| you aggregate all of this data? Did you fetch it from EDGAR?
| Or do you have a subscription to CapIQ or something?
| gyosko wrote:
| Very nice! Where did you pull your data from? Are there any good
| financial api/datasets out there available for financial data?
| traceroute66 wrote:
| > Are there any good financial api/datasets out there available
| for financial data?
|
| I assume you mean other than the usual suspects ? ;-)
|
| Try IEX Cloud or Quandl, both are quite US-centric although
| Quandl does have a small amount of international stuff.
|
| But really, for consistent quality and coverage its hard to
| escape the usual suspects.
|
| P.S. Don't forget to read the small print properly ! Many
| companies make a differentiation between internal use and
| publishing on the web for others to consume.
| DennisP wrote:
| Ok so...what are the usual suspects?
| traceroute66 wrote:
| Bloomberg, Refinitiv, CapitalIQ, Factset
| Mo3 wrote:
| Not OP, but I am in charge of engineering and operating a high-
| performance quantitative algorithm engine at my company and I
| can wholeheartedly recommend https://polygon.io.
|
| We continously pull their whole dataset in one minute intervals
| as well as receive real-time feeds for the whole universe over
| websockets and they haven't complained once.
| lvl102 wrote:
| I am going to say not if you're running high $$$ boxes. I
| would not rely on Polygon for anything beyond PA.
| melony wrote:
| How accurate are their fundamentals calculations?
| Mo3 wrote:
| I was talking about PA. They have proven themselves very
| reliable for it so far.
|
| Fundamentals and other information is being pulled directly
| off NASDAQ etc, of course. Polygon does not offer a lot of
| data in these regards.
|
| Realistically for $$$ systems you want to have more than
| one source for every datatype anyway and then aggregate the
| data yourself.
| Rocket89 wrote:
| PA?
| froh wrote:
| Why?
| traceroute66 wrote:
| First questions: - What's the data source
| for this ? - What's the restatement policy of the data
| display? - Why the limitations on period types ?
| - Any plans to add common size display option ?
|
| Second, an observation. Please don't take this the wrong way, but
| I'm tired of seeing yet another financial website that only
| covers US companies.
|
| Any man and his dog can provide data for US companies, there's a
| whole world out there and its tiresome to constantly see these
| US-centric views of the financial wold.
|
| Whilst I appreciate you might claim you're only doing it for
| launch or whatever, I'd still rather you launched with a wider
| perspective than just US.
| supertofu wrote:
| Be the change you want to see in the world.
| Rocket89 wrote:
| I mean.. the largest most liquid market in the world is the us
| equities market.. every foreign investor worth his salt (and
| his time) spends time researching and ultimately investing in
| us equities. Not to mention every country has their own
| accounting/financial disclosure laws so the data will
| inherently be untrustworthy. Hell even Canadian financials are
| hard to discern from the American pov given FFRS (or whatever
| the foreign reporting system is called).
| user3939382 wrote:
| I'm reminded of an analysis I heard about GE from a friend of
| mine in finance. He said for a while (many years ago) everyone
| knew the earnings were cooked because the consistent performance
| was basically impossible, but everyone was making money and went
| along with it. He said one way they were able to cover their
| tracks is every so often changing their accounting methodologies
| enough so that long term comparisons like this were rendered
| useless for forensic accounting purposes. I find that all very
| interesting if it's true.
| raymondmoay wrote:
| You are right, this is as general as it can get for the initial
| screening phase for me. I then deep dive into the reports.
| rapht wrote:
| All companies cook their earnings to a certain extent, exactly
| in view of having a nice, regular, consistent performance...
| because markets over-react (in one way or another) to anything
| that is not nice, regular, consistent.
|
| The only thing not subject to interpretation is cash, but you
| have kind of the reverse problem: most of the time, it's
| difficult to intepret anything from it... of course, that's why
| modern accounting was invented. As we say in French: c'est le
| serpent qui se mord la queue (the snake's biting its own tail).
| deepsun wrote:
| Yes, but at the same time there are GAAP (generally accepted
| accounting principles), limiting how much you can change the
| methodologies, so you can rig only so much.
| Rocket89 wrote:
| One of the new laws regarding accounting was daily mark-to-
| market accounting of assets and investments. $AMZN just took
| a $7.6B hit due to this ($RIVN write down). So it's hit or
| miss. I remember Buffett complaining about this change a year
| back or so.
| Ntrails wrote:
| Is this the same magic that means microsystems has to take
| a MtM writedown every time its bitcoin tanks, but cannot do
| so when it goes up? xD
|
| I am generally pretty pro expecting the MtMing of liquid
| assets, but very sympathetic to areas where hard to price
| illiquids are unpleasant
| rudyfink wrote:
| You might enjoy a book called Financial Shenanigans
| (https://www.amazon.com/Financial-Shenanigans-Fourth-
| Accounti...). It's essentially examples of detective stories
| based on financial statements.
| somethoughts wrote:
| One thing to watch out for - is to look at continued growth of
| the line item - Goodwill and Intangibles on the balance sheet.
| Goodwill is when it pays well over book value to buy another
| company. Intangibles are hard to value assets like IP (a movie
| library, patents, etc.).
|
| Excessive goodwill occurs when a legacy company can no longer
| organically grow earnings so it has to buy other companies
| (perhaps over paying) to show earnings growth.
|
| Intangibles can make a debt laden balance sheet less negative
| if the value of "synergy and secret sauce" are over stated and
| never written down.
|
| You can see GE's Goodwill and Intangibles peaked in 2017 when
| Jeffrey Immelt got replaced and John Flannery started to do the
| write-downs for which he was sacked. Larry Culp seems to be
| doing it more even handedly.
|
| https://www.wsj.com/articles/how-ge-built-up-and-wrote-down-...
|
| https://www.macrotrends.net/stocks/charts/GE/general-electri...
| lotsofpulp wrote:
| Governments do this with deferred compensation schemes like
| defined benefit pensions and retiree healthcare. There are
| conveniently no laws around calculating the cost of benefits,
| and of course no recourse for today's leaders not funding
| them in the first place, so they can hide a lot of today's
| labor costs in understated pension and retiree healthcare
| liabilities.
| easytiger wrote:
| Another trick is constantly buying companies/writing off stuff
| and abusing "goodwill" to give hard to compare yoy accounts. I
| can think of a number of companies who did things like that
| (e.g. Steinhoff) that later got found out (though they did
| other things too like pushing debt off their balance sheets to
| patsy companies)
| samfisher83 wrote:
| This is pretty awesome where is the data coming from?
| gbasin wrote:
| Great tool, thanks for building
| reducesuffering wrote:
| Two great features would be calculations of the ratios like P/E,
| YoY revenue growth, YoY profit growth, and side by side
| comparison.
| raymondmoay wrote:
| Coming right up
| ne0flex wrote:
| Nice site. I'm actually in the process of building almost the
| exact same type of application, guess I'll have to find a new pet
| project.
| sgallant wrote:
| This is very well done!
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(page generated 2022-04-28 23:00 UTC)