The Best Excel Stock Add-In [Stock Fundamentals & Live Data] - Blog (2024)

• Last Updated: July 25, 2024

If you are looking for an add-in that can help you get your real-time stock data as well as company fundamentals, then you have come to the right place. Through the Excel add-in, known as Wisesheets, you can import your stock data and financial fundamentals with just one click. Let's read how you can do it.

Getting Stock Fundamental and Real-time Data

Wisesheets is a fantastic Excel stock add-in that makes bringing stock data into your spreadsheets easy. With Wisesheets, you can access both real-time and historical stock information, such as prices, financials, dividends, and key metrics.

This add-in simplifies the process of gathering complete financial data and important metrics for any company with just one click. It also allows for customized analysis using special Excel functions, making your investment tasks much more straightforward.

Instead of being limited to analyzing only a few stocks at once, Wisesheets enables you to assess hundreds of stocks simultaneously, helping you find investment opportunities more quickly.

Different Features of Wisesheets

Financials

Through clicking on Financials, entering the company's ticker you want to analyze, such as, Netflix (NFLX) in this case, you can get either annual or quarterly data. You can then dive deeper into stock analysis. Instantly, you'll have the stock's income statement, balance sheet, cash flow statement, key metrics, and growth metrics neatly arranged in different tabs of your spreadsheet.

This allows you to identify trends and create reports and visualizations that allow you to generate high-level insights about a stock.

WISE function

Instead of getting a lot of stock data at once, you can get only the data you want and build any type of stock model, such as a DCF or screener, right on your spreadsheet. This works by entering the company ticker, parameter, and period into the function, and Wisesheets handles the rest.

WISEPRICE function

The WISEPIRCE function delivers essential stock data, including dividend payments, historical prices, and real-time prices. Simply input the ticker and parameter to access real-time stock data for over 50,000 stocks and ETFs globally. Whenever needed, you can press the refresh button, and the data will update automatically.

With this function, you can track thousands of stocks simultaneously and find investment-worthy opportunities leveraging dividend data, historical price data, and real-time stock information.

Wise Templates

Getting the hang of using the WISE and WISEPRICE functions in Excel can take some effort. Fortunately, Wise templates make this easier by providing ready-made stock templates for immediate use. Whether you need to compare companies on key metrics, conduct a DCF analysis, monitor multiple stocks in real-time, review historical dividend payments, or visualize company fundamentals, you can do it all with just one click using these templates.

Once you select the template of your choice, you simply change something like the company ticker and automatically see the template update with all the data you need.

How to Improve Your Portfolio's Performance

Compare Companies across Key Financial Metrics

Using the WISE and WISEPRICE functions, you can compare hundreds of companies across the key numbers that matter to you in one view.

From here, you can quickly identify companies worth looking into at a deeper level and make better stock investments faster.

Visualize Key Historical Fundamentals

With Wisesheets, you no longer need to use services like Hyperchats. You can gather all the stock data you need and create visualizations directly in Excel. The best part is that you can customize these graphs and data to fit your unique needs and investment style.

Better yet, you can use the Hypercharts' template available on Wise templates. All you need to do is change the ticker or make a few modifications to get started.

Value Companies Faster than Ever

You can apply your favorite valuation method, like a DCF or earnings power value, to any company you wish. After setting up your model, just change the assumptions and the ticker, and you'll get the results instantly.

Furthermore, you can use the DCF and earnings power value model templates, so you don't have to build your own from scratch.

How to Get Started with the Add-in

1. Create a free Wisesheet trial account here.
2. Download the Wisesheets add-in on Excel or Google Sheets
3. Use Financials, the WISE and WISEPRICE functions, or Wise Templates to perform any type of stock analysis you wish
4. Enjoy the benefits of being able to analyze more companies faster

The Pros and Cons of using an Excel Stock Add-in

In the current market, there are many tools available for investors. Some prefer using Excel stock add-ins, while others favor web or desktop applications. Each option comes with its own advantages and disadvantages, which should be weighed before deciding.

Pros of using an add-in

• Excel stock add-ins are straightforward to set up and use. This makes them ideal for those new to investment tools.
• These add-ins are generally inexpensive. This provides a budget-friendly solution for managing investments.
• Excel stock add-ins can be customized to meet your specific needs.
• These tools are versatile. This allows you to perform a range of tasks. These include tracking stock prices, analyzing financial reports, and comparing company metrics, all within a single platform.

Pros of using an add-in

• With many options available, it can be challenging to find the add-in that best suits your needs.
• Although Excel is user-friendly, mastering an add-in's specific functions can take time. There's a learning curve involved, especially if you want to use advanced features for detailed analysis.
• Excel add-ins typically focus on financial data and might not include other important information like news or market sentiment.

The Decision

The choice of investment tool depends on your particular use case scenario. If you prioritize quick setup, affordability, and customization, an Excel stock add-in might be the right choice for you. However, if you need a more comprehensive solution with a wider range of data, web or desktop applications might be better suited.