ZedQ: So I am trying to choose between Tykr and outprfrm I am very new to stock trading and so choosing between the two has been hard.
Especially that after making a trial account I saw that the recommendation often contradict each other.
Is there a reason for that? how do I figure out which is better for me? (again complete newbie who has wanted to get his feet wet for a while)
Sean_from_Tykr.com
May 15, 2024A: Hello Zed, great question.
Here is a quick difference between Tykr and Outprfrm.
Tykr: Tykr does not rely on human analysis or opinions. The tool looks at 5 years of historical data (Revenue, Net Income, EPS, Free Cash, Assets, Debt, Liabilities, and Equity) to calculate the score and MOS. The calculations are inspired by Phil Town. You should check out his books (Rule #1 and Payback Time).
Outprfrm: Outprfrm collects analyst reviews so it relies on human analysis.
There are customers that use both platforms. In some cases, they like to "triangulate" their decision by finding a few sources. If all sources match, that's the confidence to buy a stock.
Also keep in mind, a lot of customers also look at Simply Wall St, Motley Fool, and Seeking Alpha.
Hope this helps!