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22
JUN
2018
Australian analysts cover approximately 450 ASX listed companies.
Unfortunately, when reviewed individually many analysts and st
About Consensus Data
Several firms in Australia collate ASX research reports published by stockbrokers and gen
There's a couple of disadvantages to these databases:
1. Lack of depth: Smaller-cap companies are often covered by only one analyst.
2. Unknown update times: Analysts often stop coverage on a company with
Market Index tries to counter these pitfalls by:
• Publishing broker number: The number of brokers involved in a recomme
• Size Filter: Only the largest 150 companies in our consensus database are listed
• Freshness cut-off: Ratings older than 60 days are ignored.
Data Source
Market Index sources data from institutional distributors.
As brokers use several different rating systems, Market Index groups ratings according to
Market Index
Broker Rating
"Buy"
Strong Buy, Buy, Accumulate and Outperform.
"Hold"
Hold and Neutral.
"Sell"
Strong Sell, Sell, Reduce and Underperform.
How is the “Consensus” figure derived?
Rating
Score
Strong Buy
2.7+
Buy
2.69 - 2.2
Hold
2.19 - 1.81
Sell
1.80 - 1.50
Strong Sell
1.49 or less
Market Index gives each recommendation a score:
Buy = 3, Hold = 2, Sell = 1
The total is divided by the number of brokers.
Analysts have a bullish bias so cut-off scores aren't evenly spread. The levels are arbitrar
How to use the data
Consensus data should only be used to uncover companies that might warrant further inv
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tockbrokers and generate a "Consensus Recommendation" for each company. These data feeds are th
ht warrant further investigation. Analysts often look solely at a company's fundamentals while ignoring
nbox?
ny. These data feeds are then on-sold to institutional clients for distribution.
sus data.
ndamentals while ignoring market sentiment and momentum. Don't base any investment decision on
y investment decision on the data.
https://www.marketindex.com.au/analysis/consensus-recommendations-12-july-2018
hed by stockbrokers and generate a "Consensus Recommendation" for each company. These data feed
x groups ratings according to a basic 3-tier scale: Buy, Hold and Sell.
pread. The levels are arbitrary and were selected to make skimming the list easier. You can make your
hat might warrant further investigation. Analysts often look solely at a company's fundamentals while
our inbox?
Jul-22 Index PE
Sell Consensus
0 Strong Buy Techno 31.36 1.13%
0 Strong Buy Techno 15.04 44.62%
0 Strong Buy 28.7 4.06%
0 Strong Buy
0 Strong Buy 7.18 2.43%
0 Strong Buy 9.45 -2.88%
0 Strong Buy Resources 1.03 -2.83%
0 Strong Buy 4.89 -0.81%
0 Strong Buy 12.42 4.55%
0 Strong Buy 20.47 6.06%
0 Strong Buy 2.195 -0.23%
0 Strong Buy 13.21 0.92%
g the market average .
company. These data feeds are then on-sold to institutional clients for distribution.
consensus data.
ny's fundamentals while ignoring market sentiment and momentum. Don't base any investment decis
DIVIDEND
ase any investment decision on the data.
Dividend Yield Scan (12 July - 43 Results)
https://www.marketindex.com.au/analysis/dividend-yield-scan-12-july-2018