OPEN-SOURCE SCRIPT
Spitznagel Faustmann Ratio
Mis à jour
This is a rough version of the Faustmann Ratio metric that Mark Spitznagel presents in The Dao of Capital. The purpose is to conservatively calculate the price of the company (market cap) relative to net worth. Over a medium term horizon, the theory is that companies which have a high ROIC (see my other script) combined with a low Faustmann Ratio (color coded to give you a rough idea) should generally outperform. Please don't take this short summary as an excuse to not read the full book. It's well worth your time. (I am not affiliated with the author in any way.)
Notes de version
This update changes the indicator color to orange when the ratio drops below zero, as it is not necessarily a no-go but a sign of greater caution.Notes de version
Bug fixes:* Numeric display of the Faustmann Ratio is now to 2 decimal places of precision. The graph was always correct, but previously TradingView would occasionally display only a whole number.
Enhancements:
* The study now works for corporations that report annually. PineScript has no feature to get the most recent balance sheet value, so I hacked this up for all values as many companies outside the US report only annually.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.