Tiingo Review – How Does This Research Platform Compare?

About Tiingo

Tiingo is a unique stock research platform that offers coverage for more than 80,000 securities around the globe. The platform has a number of built-in analysis features, including stock fundamental reports, a stock screener, and portfolio tools. In addition, Tiingo has an API that offers access to stock, forex, and crypto market data.

In our Tiingo review, we’ll take a closer look at what this platform can do and help you decide if it’s worth your time.

Tiingo Pricing Options

Tiingo offers two plans: Starter and Power.

The Starter plan is free and includes access to virtually all of Tiingo’s features, including the API. The main limitations are that you can create only five saved screens and two custom indicators, and make only 500 unique symbol calls to the API per month. 

The Power plan costs $10 per month and offers unlimited saved screens, 15 custom indicators, and unlimited unique symbol calls to the API. 

Tiingo Features

Stock Analysis

Tiingo offers detailed analysis tools for more than 80,000 stocks around the world. The vast majority of these are US, Chinese, and European stocks, as well as ETFs and mutual funds. 

Each stock has its own analysis dashboard, which includes a basic candlestick chart, news feed, and price information. While you can view full-screen stock charts, Tiingo doesn’t offer any technical indicators or drawing tools.

For most stocks, Tiingo has decades of price, dividend, and fundamental data. Dividend data, including yield, is available in both a table and a chart. Fundamental data is also available in a series of tables for cash flow, income, balance sheet, and key analysis ratios. The tables are highly customizable, enabling you to compare years, quarters from the same year, or quarters from different years. 

Tiingo also offers a charting tool so that you can quickly plot all of this data. You can add as many financial metrics and fundamental ratios as you want to a single chart. However, the only chart format available is a bar chart, and the data visualization becomes crowded once you add more than two to three metrics. You’ll need to use Tiingo’s API if you want to export data for use with alternative visualization tools.

You can also analyze a stock’s relative return and price correlations using another plotting tool in Tiingo. For either analysis, you can choose to compare your stock of interest to a major index, an ETF or mutual fund, or any individual stock. Notably, Tiingo also lets you choose the timeframe and price interval (i.e., daily, weekly, monthly, or yearly) for the comparison.

Stock Screener

Tiingo’s stock screener offers more than 40 stocks filters. We were a little surprised by the composition of these filters. You’ll find a handful of parameters for fundamentals like market cap, price-to-earnings ratio, and return on equity, but there aren’t filters for income, cash flow, debt, and other commonly used financial data points. There are also filters for stocks’ correlations to gold and oil, which are not found in most other stock screeners.

The good news is that you can build your own screen filters. This takes a bit of effort since you’ll need to dig through all of Tiingo’s custom functions. Thankfully, these are well-documented in a panel next to the code editor. Tiingo shows you an example output for each function you add to a custom filter so you can be confident your code is correct.

Once you have the filters you need, you can adjust the filter bounds using a set of sliders. Tiingo displays the average performance of stocks that meet your criteria relative to the performance of the S&P 500, which is a helpful feature for ensuring your screen is delivering strong results. You can save custom screens and export your screen results to Excel, but you can’t save screen results to a watchlist within Tiingo.

Portfolio Tools

Tiingo enables you to save an unlimited number of portfolios to your account. The platform includes a set of premade charts that break down the performance of each of the stocks in your portfolio over time. In addition, you can run beta and correlation analyses for an entire portfolio, comparing against an index, ETF, or any individual stock. You can also view a heatmap showing correlation between the individual stocks in your portfolio.

API

The Tiingo API is perhaps the best part of Tiingo, although using it requires a background in Python, JavaScript, or PHP. With the Tiingo API, you can access all of the data available on Tiingo, including stock fundamentals and price data. You can also run beta and correlation analyses and access Tiingo’s financial news feed. 

Notably, Tiingo’s API doesn’t just have data for stocks, like the online platform does. With the API, you can also access price and transaction data for forex and crypto. Tiingo provides extensive documentation to help you fetch data using the API.

Customization and Layout

Tiingo offers a number of unique tools, but the presentation of its web platform could be improved. The navigation menu is somewhat confusing since the menu items change based on what features of Tiingo you’re using. In addition, many of the charting and analysis tools don’t offer much customization. While data is often presented in tables, many of those tables can’t be exported to Excel without using Tiingo’s API.

Still, the platform offers the ability to create custom screen filters, save custom stock screens, and add an unlimited number of portfolios to your account. Most of the tools are fairly straightforward to use after an initial learning curve.

Tiingo Platform Differentiators

Tiingo is a unique stock analysis platform in several important ways. First, it offers significantly more control over your stock analyses than most comparable platforms. For example, when running correlation analysis, you can compare weekly and monthly price data as well as compare an individual stocks to any ETF.

Second, thanks to Tiingo’s support for custom indicators, its stock screener is extremely flexible. Just keep in mind that you can only have 15 custom indicators with a Power plan, so Tiingo’s screener can still be limiting for more advanced traders.

Finally, Tiingo’s API is a powerful resource for traders who have the coding knowledge required to use it. You can access all of the stock data available on Tiingo – along with forex and crypto data – to run your own analyses in Excel or build custom applications.

What Type of Trader is Tiingo Best For?

Tiingo is best suited for advanced traders who are comfortable with a moderate degree of coding. While Tiingo offers a huge amount of data, you’ll need to build your own custom indicators or use Tiingo’s API to make the most of it.

That said, Tiingo’s online analysis tools, many of which are free to access, can also be useful for medium-term investors, and particularly investors who are interested in non-US stocks. Tiingo makes it easy to access fundamental data for more than 80,000 global stocks. The platform’s beta and correlation analyses also stand out for their flexibility and usefulness in portfolio building.

Pros

• Data for more than 80,000 global stocks
• Flexible beta and correlation analyses
• Build custom indicators for screening stocks
• Powerful API with stock, forex, and crypto data
• Most data and tools are available for free

Cons

• Web interface requires a learning curve
• Custom indicators and API require coding