I am all for Price Adjustment based on Splits and Special distributions but NOT for regular cash dividends. The latter will result in:
- progressively lower past prices which will: a) lead to increased # of shares in a position than one would have had in real life, b) affect price-based filters
- on backtesting if one checks the box for 'Collect Dividends on backtest Positions' then the results will be overstated
My 2 cents.
- progressively lower past prices which will: a) lead to increased # of shares in a position than one would have had in real life, b) affect price-based filters
- on backtesting if one checks the box for 'Collect Dividends on backtest Positions' then the results will be overstated
My 2 cents.
Rename
agree!
I agree too. And consistent with the description of the data at wealth-data.com, these adjustments are for special, non-regular cash distributions. The adjustments for Wealth-Data aren't negotiable.
DVN, for example, had a regular declared dividend on the same date for $0.18 (which the company increased by 2 cents), but the $1.37 is special.
DVN, for example, had a regular declared dividend on the same date for $0.18 (which the company increased by 2 cents), but the $1.37 is special.
QUOTE:You can eliminate the effect of splits using the SplitRev indicator. That's the whole purpose of the indicator.
- progressively lower past prices which will....
A suggestion, if I may...
Include *all* items in the WealthData (WD) data stream - raw prices, splits, special & ordinary dividends, etc - and let the user reconstitute at their end, like so:
For that to happen you may have to create a separate subsection, or tab, just for WD to let the user decide how to adjust. It's a one-time effort but it will make everyone happy. (The WD event provider could be removed.)
Just throwing it out there...
Include *all* items in the WealthData (WD) data stream - raw prices, splits, special & ordinary dividends, etc - and let the user reconstitute at their end, like so:
For that to happen you may have to create a separate subsection, or tab, just for WD to let the user decide how to adjust. It's a one-time effort but it will make everyone happy. (The WD event provider could be removed.)
Just throwing it out there...
It's not going to happen for Wealth-Data. But I certainly encourage you to prod Norgate to work on their adapter for Wealth-Lab 8. It's a shame it hasn't been done and we even offered to help.
@Sammy_G, can I ask where did you snap your screenshot on "Price Adjustment" from?
Norgate data provider for WL6?
From Norgate Data API for WL6, as Eugene stated. Back then there was no API for WL8 by Norgate.
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