If you purchased BHP shares at $15.51 and the stock is now trading at $23.34, the share price has increased 50.5%.
If you purchased those shares exactly one year ago, that means your annualised gain not factoring dividends is 50.5%, a wonderful result.
However, if you purchased those shares thirty years ago, your annualised gain would only be 1.7%, a much worse result.
When you configure your holdings in StockLight, if you enter holding lots with Price Paid and Date Purchased, StockLight will automatically show your capital return gain or loss, dividend return and return on investment (ROI) as both a total amount and on an annualised time-weighted basis.
The opportunity cost associated with your personalised holding period is a very important concept when investing and that is why you need to know how your investments are doing on an annualised basis.
Unlike your broker who is typically incentivised to make you trade more often and has no reason to show you an annualised return, StockLight acts in your best interest and won't hide this crucial benchmark from you.
StockLight then goes the extra mile and will break down your returns on an annualised basis. This is an extremely important concept because it will expose your true return respective of time.
StockLight helps investors comb the market to find investment opportunities using a series of fundamental value investing ratios. StockLight is not a 'stock picking' tool, it flags companies that look attractive and provides links to deeper analysis to help you evaluate whether or not these stocks are worth buying (or selling).
To remove a stock from your watchlist, tap the edit option specified below, and then tap the red icon next to the stock name to remove the stock from your watchlist.
Note, if you have purchased and sold out of a holding and you delete the stock in this way, the record of both your buy and sell transactions will be permanently destroyed. At this time, StockLight doesn't have a way of removing 'sold out' holdings from your watchlist that also retains the transactions. That is on our TODO list however it's a big change and isn't likely to be available soon.
On each device for which you have installed StockLight, follow these instructions:
On each device for which you have installed StockLight, follow these instructions:
After you have followed these instructions, when you first open StockLight on a device, it will check for updates from the server and 'synchronise' your portfolio across from other devices
If you have logged into StockLight using your email address and you would like to change to a new email address, simply sign out and sign back in again as follows:
By default, StockLight does not perform any currency conversion on your behalf and you are showed portfolio values and performance in the local currency for the stock
eg. USD for NASDAQ listed stocks, AUD for ASX listed stocks
The easiest way to track holdings from multiple currencies is to set up separate watchlists for each currency
eg. one watchlist for 'Australian holdings' and a separate watchlist for 'American USD stocks'
Alternatively, when you sign into StockLight with an email address, you can select a default currency in your account settings screen. This can be accessed from the top menu item in your StockLight settings screen after signing in with your email address. If a default currency is selected, the calculations in your portfolio performance screens are adjusted to handle the neccessary conversions if you have holdings from multiple currencies.
If you are entering trades into your portfolio that were transacted in different currencies, it is your responsibility to convert the transaction price into your default currency when you enter the trade into StockLight.
This will allow the StockLight system to calculate cumulative performance factoring multiple currencies. When showing the current market value for your current holdings, StockLight will be convert them as required into your default currency based on today's exchange rate and the number of shares you hold.
For the time being, you can record reinvested dividends in your StockLight portfolio as separate transactions. Because our ROI calculation factors all dividends as part of your cash return, you can enter each reinvested dividend parcel of shares as a separate transaction.
Say for instance, that you received 2 shares of Woodside Petroleum on September 20th as part of your dividend reinvestment scheme, you would enter those 2 shares as a new 'buy' transaction for that date in your StockLight portfolio with $0 brokerage and a purchase price (eg. $36.70).
When entering DRP share parcels, you can use the closing price for the day the shares were issued as the 'price' paid for the stocks. Even though you haven't technically paid cash for the shares, you have decided to forego a cash dividend in lieu of the DRP and therefore for reporting purposes, you should enter a price paid for the transaction.
StockLight doesn't actually use any passwords. All of our member functionality is linked to your email address so that when you provide your email to StockLight, we can send you a verification link. Refer to the above heading for syncing your portfolio.
That said, if you have a paid StockLight subscription, the account that logs in to apply the paid subscription is provided by either Apple's iTunes app or by Google's Play app.
* Note: If you have a paid StockLight premium account, you should be able to determine the email address associated with your iTunes or Google Play by finding an emailed receipt for your StockLight subscription in one of your email inboxes and then using the following instructions for that email address.
If you have forgotten the password for iTunes, try:
iTunes Password reset instructions
If you have forgotten the password for Google Play, try:
Google reset instructions
If you are looking to pause or cancel your subscription, we are really sorry to hear that our app didn't live up to your expectations. We'd love to learn more about what made you use it in the first place and also why it wasn't quite what you were looking for as that feedback will help a lot with guiding our future product development. You can email us your feedback at:
Apple iTunes and Google Play won't allow us to cancel a subscription on your behalf however you can easily do so yourself following these instructions:
Cancelling an Apple iTunes recurring subscription
Cancelling a Google Play recurring subscription
StockLight will send you an Alert if you haven't exhausted your quota for the month and you are signed into the app with your email address and push notification permission turned on. You receive 5 free alerts per month, 100 per month if you subscribe to StockLight Premium and more are available if you contact our support team. A maximum of 20 custom alerts can be configured.
Price alerts are triggered on an hourly basis due to the computational complexity and load required to calculate these for our entire audience. All other alerts are fired every ten minutes.
Stock splits occur when a company issues new shares to it's existing shareholders to boost liquidity. Typically that involves issuing multiple shares for each existing share.
For example, on August 31st, 2020, AAPL split their shares on a four for one basis and Tesla split their shares on a five for one basis.
StockLight handles share splits by publishing split-adjusted share prices and share price history.
If you have recorded transactions of a stock in StockLight and it splits, StockLight will not automatically apply that split to your holdings and this will negatively skew your performance calculations in the app. This is something we plan to fix in a future version of the app however for the time being, if you have holdings in a stock and it splits, you will need to manually adjust your transactions for that holding to reflect the split.
In the following example, a StockLight user visits TSLA in the app, views their holdings, taps the 'BUY TSLA' row to adjust the purchase details, adjusts the Shares value to a multiple of five of what was there previously, adjusts the Price Paid Per Share to a figure that is a fifth of what was there previously, taps save, taps 'NO' on the Purchase Price dialog and then the share calculation is corrected:
Yes, you can access this information by tapping a company in your watchlist, you can then swipe scroll down to find the company's dividend history. You can then tap on that dividend panel for more detail. You can also access this information for all companies paying dividends in the weeks and months ahead using the dividends feature located in the market filter screen. This feature allows you to sort by payment date, ex-dividend date, dividend yield and company name.
StockLight has been adjusted to only display your 10 most recent dividends in your portfolio screen. For some portfolios with thousands of dividends from hundreds of holdings, our system was slowing down and so we need to introduce a pagination capability for this. It's on the roadmap however we are pretty flat out at the moment so cannot make any guarantees as to the timeline for when this might be introduced.
The StockLight tachometer provides an instant summary of a company's financial health and prospects as a potential investment
Tapping the StockLight tachometer will drill down to the ratios for a company. These are given a green tick if they look attractive, a red tick if they look unattractive and a yellow marker if there is not enough data available to calculate the indicator.
The Market Filter give investors a picture of the 22 industries that make up the ASX market (based on global GICS codes) from best to worst. For example someone interested in the banking sector can see which companies pass the most green flags at the top of the list down to those that attracted the most red flags. The ratio thresholds are customised and unique for each market sector.
By tapping a company in your watchlist or in the Market Filter, you can drill down to find our latest research on that company, price charts, dividend history and a company overview.
If you need help using the application, please email our friendly team at
StockLight's basic features are free and it is available to download exclusively through the App Store and Google Play in the Finance category. Users can also unlock additional content or remove advertisements by taking up a StockLight subscription.
Pricing information is available on our pricing page.