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MultiSort Market Screeners

Lesson 12 of 12
Duration 3:27
Level Beginner
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Use MultiSort Market Screeners with Color Ranking to scan a universe of stocks according to a user-defined series of investing factors.

Study Notes:

Use our MultiSort Screener to easily find stocks that match your strategies across a universe of over 70,000 stocks worldwide. Unlike traditional screeners, Multisort blends user-specified factors and associated conditions into a single score to present a “ranked” list of securities that best match the user’s criteria. 

Any strategies developed using the Market Screeners are done so by the user and are not recommendations by Interactive Brokers. By using the software, the user drives the investment strategy and the role of the software is to match the user with companies that match the chosen criteria.       

Click the Screeners icon in the left navigation panel. Start by defining a stock universe along the top of the screener. Note that only a single stock universe may be selected at a time.   

Now click MultiSort to see the factor categories. Expand categories to detail up to 10 factors.      

Choose up to 10 screener factors. For each chosen factor the user has the option to specify whether a lower value or higher value is desired. For example, when selecting the Dividend Amount factor, the user might specify higher values are preferred. 

Once higher or lower values are specified, the Importance field is displayed. By default, all factors are considered “Important”, but a factor may be assigned more or less importance using the dropdown list.          

Use the FILTER icon in the factor box to display the histogram. Use the histogram to make a factor even more specific by defining a range. When using the sliders, the “From” and “To” range values update along with the number of companies that fall into the defined range.    

As factors are added and values modified along with importance, the screener results update automatically in the center panel.  

While the overall asset rankings use a blended score that considers all selected factors, their high/low value preferences, histogram ranges, and importance levels, each factor is also ranked individually. These individual rankings are easy to see via the Color Rank feature.            

Green illustrates higher rank and purple lower. It is easier to see at a glance how individual factors have contributed to the overall screener ranks.

For example, adding high dividends criteria within a specified range may help with overall ranking, but the results may have an asset ranked in the top 10 with the dividend amount ranked as less preferable. 

Feel free to continue to make changes to the screener and see it update automatically. When finished, users may select any instruments they wish to add to a Watchlist.        

Coming soon – the ability to save your Screeners.           

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Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

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