Koyfin is a web-based platform that provides free tools to help investors research stocks and other asset classes through dashboards and charting. Koyfin covers equities, ETFs, futures, forex, bonds, mutual funds, and economic data.
In this review, I will cover the main features, benefits, and drawbacks of Koyfin, and give you my honest opinion on whether it is worth trying.
What is Koyfin?
Koyfin is a financial data platform that aims to provide sophisticated and user-friendly investment research tools at a fraction of the cost of existing premium tools. The platform was founded in 2016 by former Wall Street analysts who were frustrated with the lack of affordable and intuitive tools for individual investors.
Koyfin offers over 50 dashboards and charting tools that cover different types of data and analysis, such as:
- Snapshots: Overview, description, ownership, earnings, estimates, news, filings, transcripts, and more for any stock, ETF, or mutual fund.
- Graphs: Historical and intraday graphs for any security, index, or indicator, with customizable settings and indicators.
- Performance: Compare the performance of multiple securities or asset classes over different time periods and frequencies.
- Lots of Charts: View multiple charts on one screen, with the ability to sync the charts and change the settings.
- Market Scatter: Plot any two metrics for any group of securities, such as sectors, countries, or factors, and see the correlation and outliers.
- Economic Calendar: View the upcoming and historical economic events and indicators for any country, with the option to filter by date, importance, or category.
- Advanced Search: Search for securities by various criteria, such as market cap, dividend yield, revenue growth, or analyst ratings.
- Transcripts Search: Search for keywords or phrases in the earnings call transcripts of any company, and see the context and sentiment.
Koyfin claims to deliver fast and reliable data from various sources, such as Bloomberg, FactSet, S&P Global, and Refinitiv. Users can also download the data in various formats, such as CSV, Excel, or PDF.
How does Koyfin work?
Using Koyfin is very easy and intuitive. You just need to follow these simple steps:
- Go to Koyfin [^1^] and sign up for a free account. You will get unlimited access to all the features and data.
- Click on the Menu button and select a dashboard or a tool that you want to use. You can also use the search bar to find any security or indicator that you are interested in.
- Enter the ticker symbol or the name of the security or indicator that you want to analyze. You can also use the drop-down menus to select a group of securities, such as sectors, countries, or factors.
- Explore the data and the analysis that Koyfin provides. You can customize the settings, add or remove items, change colors, and adjust the time frame. You can also use the tabs to switch between different views, such as snapshots, graphs, or news.
- Download or share the data. You can download the data in various formats, or share it via email or social media.
What are the benefits of Koyfin?
Koyfin has many benefits that make it a valuable tool for anyone who needs to research stocks and other asset classes, such as:
- It is free. Koyfin provides free access to all its features and data, without any limitations or restrictions. You don’t have to pay anything to use the platform, unlike other premium tools that charge hefty fees.
- It is comprehensive. Koyfin covers a wide range of data and analysis, from stocks and ETFs to forex and commodities, from fundamentals and earnings to news and transcripts. You can find almost any data or information that you need for your investment research on Koyfin.
- It is user-friendly. Koyfin has a simple and intuitive interface that makes it easy to use and navigate. You can quickly find what you are looking for, and customize the data and the analysis to suit your needs and preferences. You can also use the keyboard shortcuts and the commands to speed up your workflow.
- It is flexible. Koyfin allows you to create your own dashboards and charts, and save them for later use. You can also sync your data across multiple devices, and access the platform from any browser or device.
What are the drawbacks of Koyfin?
Koyfin is not perfect, and it has some drawbacks that you should be aware of, such as:
- It is not a substitute for professional tools. Koyfin is a great tool for individual investors, but it may not be enough for professional investors who need more advanced and sophisticated tools and features, such as trading, backtesting, or automation.
- It is not a source of advice or recommendations. Koyfin provides data and analysis, but it does not provide any advice or recommendations on what to buy or sell. You still need to use your own judgment, skills, and knowledge to make your own investment decisions.
- It may have some errors or inaccuracies. Koyfin relies on third-party sources for its data, and it may not always be accurate or up-to-date. You still need to verify and cross-check the data before using it.
Is Koyfin worth it?
Koyfin is a comprehensive and user-friendly financial data platform that provides free tools to help investors research stocks and other asset classes. It has many features, benefits, and use cases that make it a valuable tool for anyone who needs to research stocks and other asset classes.
However, it is not a magic solution that can replace professional tools or guarantee success. You still need to use your own judgment, skills, and knowledge to create your own data and analysis, and make your own investment decisions.
If you are looking for a tool that can save you time, money, and hassle, and help you access and analyze a wide range of data and information, then Koyfin is worth trying. You can sign up for Koyfin here and start researching stocks and other asset classes with Koyfin today.
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