♫ Background Music ♫ Narrator: In this video we will give you a step-by-step
walkthrough of the Questrade trading quote overview page. This page provides you with
important information about a stock or ETF that can help you make, buy, hold, or sell decisions
depending on your goals. To get started, login to your Questrade account and go to
the trading platform. You can easily access this by hitting the trade button at the top like so.
Enter a stock or ETF you are interested in. In this case, we will use Apple.
Please note that Questrade is not recommending Apple,
we are using this for example purposes only. Now that we have Apple up in quote overview,
you will see that a number of key statistics are provided.
These statistics work together to give you a detailed view of the stock's performance.
The level 1 data points are best understood in relation to one another.
To get started, let's look at bid and ask as well as bid size and ask size.
Together, these data points help you determine the buying and selling interest in the market right
now. The bid price is the highest price investors are willing to pay for the symbol right now.
The ask price is the lowest price investors are willing to sell this symbol for right now.
Since stock markets function like an ongoing auction, the size of the bids and ask
can also be informative. The bid size and ask size reflect the amount of shares investors are willing
to buy or sell at the current bid and ask prices respectively. Over the day as shares change hands,
the volume field keeps a tally of the number of shares traded so far today.
Comparing this to the average trade volume, which is typically calculated over the last 30 days,
may help you identify any unusual interest or activity. While the bid and the ask
tell you about what the security price is doing right now, you may also be interested in where
it has traded recently. This is where the next section of the quote overview comes in handy.
High is the highest price for this symbol so far today.
Open is the symbol's first traded price when the market opened today.
Low is the lowest price for this symbol so far today.
And previous close which is the symbol's last traded price on the last trading day.
These fields work together to give you even more context on notable recent price levels
so you can compare them to the current bid and ask to inform your investing decisions.
If you want a longer-term perspective,
the 52-week high is the symbol's highest price in the last year,
and the 52-week low is the lowest price in the last year.
Beyond price and volume information, the level one screen also shows a variety of fundamental
data points that work together to help you understand the current valuation of a symbol.
Market cap, also known as market capitalization, is the total value of all shares for this symbol.
It is calculated by multiplying the number of shares shown in the shares field
which represents the total number of shares issued by the company for the symbol by the last price.
A few more valuation data points of interest include; PE, the price earnings ratio.
This ratio compares the symbol's current share price to its earnings per share.
PE shows how this symbol's valuation compares to other symbols in the same industry.
EPS, or earnings per share, is the amount of money the symbols company has made from each of its
shares. To calculate this we divide the company's net profit by the number of shares it has on the
market. Earnings date is when the company is scheduled to release its next financial report.
The level 1 field can also tell you important information about dividends. The dividend
field shows you the total dollar amount of the dividend paid. The dividend is in the
currency of the symbol. The yield is the annual dividend value divided by the current price.
And the ex-dividend date tells you when the next dividend will be attributed to
shareholders of record. Finally, the level 1 screen also shows data points related
to the borrowing costs and requirements of the security you're looking at.
This is most relevant if you have a margin account and intend to borrow to invest. Borrow rate
is the price you need to pay each day if you want to short sell a stock in this symbol.
Short selling is when you sell a stock you don't own. Long MR, or long margin requirement,
is the amount of money you need to pay when buying the security on margin.
Buying on margin means borrowing money from Questrade to buy a security.
Short MR, or short margin requirement, is the amount of money you need to pay
when short selling the security on margin. Short selling on margin means borrowing money from
Questrade to sell a security you don't own. We hope you found this video helpful.
For more informative videos on how to navigate your Questrade accounts,
please check out the other videos on our YouTube channel.