I am rather excited to announce this new extension.
From the help File:
The Portfolio123 extension creates a two-way connection between Wealth-Lab and Portfolio123(https://www.portfolio123.com/index.jsp?apc=DrKoch).
This extension supports the following actions:
* Download historical ranking results that were calculated with a Portfolio123 Ranking System on a specific Universe with a selectable rebalance frequency.
* Create dynamic DataSets from a downloaded ranking, for example the top 50 stocks in each quarter.
* Access fundamental data (contained in the downloaded ranking)
* Create an index indicator in Wealth-Lab and send it as a *Data Series* to Portfolio123
* Calculate an indicator for all symbols in a DataSet and send it as a Stock Factor to Portfolio123
Requirements
* A subscription / membership at Portfolio123.com. (Starts at $25 for first month)
* A historical data provider like Norgate Data(https://norgatedata.com/) that can provide historical prices for the tickers used in your Portfolio123 rankings.
From the help File:
The Portfolio123 extension creates a two-way connection between Wealth-Lab and Portfolio123(https://www.portfolio123.com/index.jsp?apc=DrKoch).
This extension supports the following actions:
* Download historical ranking results that were calculated with a Portfolio123 Ranking System on a specific Universe with a selectable rebalance frequency.
* Create dynamic DataSets from a downloaded ranking, for example the top 50 stocks in each quarter.
* Access fundamental data (contained in the downloaded ranking)
* Create an index indicator in Wealth-Lab and send it as a *Data Series* to Portfolio123
* Calculate an indicator for all symbols in a DataSet and send it as a Stock Factor to Portfolio123
Requirements
* A subscription / membership at Portfolio123.com. (Starts at $25 for first month)
* A historical data provider like Norgate Data(https://norgatedata.com/) that can provide historical prices for the tickers used in your Portfolio123 rankings.
Rename
There was already a detailed discussion about the beta version:
https://www.wealth-lab.com/Discussion/WANTED-Beta-Tester-for-Portfolio123-extension-12272
https://www.wealth-lab.com/Discussion/WANTED-Beta-Tester-for-Portfolio123-extension-12272
Here the extension page:
https://www.wealth-lab.com/extension/detail/Portfolio123
https://www.wealth-lab.com/extension/detail/Portfolio123
Today, I see three typical use cases, listed in order of complexity:
1. Select a universe and ranking system from Portfoli123, build a dynamic DataSet for WL and run backtests on such a dynamic DataSet.
2. Calculate interesting/complex indicators, upload these indicators as Stock Factors to Portfolio123. Combine these Stock Factors with other factors to arrive at a tailored ranking. Proceed as in 1.)
3. Conduct a detailed study about the influence of various fundamentals on the profits of individual trades. This should result in a list of fundamentals/factors that have a high correlation with trade profits. Use this information to build a Universe/Ranking. Proceed as in 1.)
1. Select a universe and ranking system from Portfoli123, build a dynamic DataSet for WL and run backtests on such a dynamic DataSet.
2. Calculate interesting/complex indicators, upload these indicators as Stock Factors to Portfolio123. Combine these Stock Factors with other factors to arrive at a tailored ranking. Proceed as in 1.)
3. Conduct a detailed study about the influence of various fundamentals on the profits of individual trades. This should result in a list of fundamentals/factors that have a high correlation with trade profits. Use this information to build a Universe/Ranking. Proceed as in 1.)
I had the crazy idea to announce this new and (for me) exciting extension on the P123 forum also.
But to my big surprise it caused a hefty reaction: Immediately the local heros posted large messages saying that all technical analysis is voodoo.
Probably some quant experts can jump in...
The discussion is here:
https://community.portfolio123.com/t/portfolio123-wealth-lab/71140/1
But to my big surprise it caused a hefty reaction: Immediately the local heros posted large messages saying that all technical analysis is voodoo.
Probably some quant experts can jump in...
The discussion is here:
https://community.portfolio123.com/t/portfolio123-wealth-lab/71140/1
And at the same time, many of them have elements of technical analysis in their strategies, for example in this form:
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