ArtQuant, a Skolkovo resident company specialising in software for financial markets, has launched a new version of Portfolioand.me, a tool for analysing the U.S. stock market based on artificial intelligence.
The new version of the site, which allows users to create and edit securities portfolios, has an updated range of functions, including the option to search by subsector.
The idea behind Portfolioand.me is to make securities portfolio management simple and accessible even to those who do not work in the financial sector.
Portfolioand.me's strategic menu. Photo:Sk.ru
“Portfolioand.me is interesting because it makes complex things simple,” said Pavel Novikov, head of the FinTech division of Skolkovo’s IT cluster, where the site’s creator ArtQuant is a resident company.
“An important advantage of the product is its flexibility: You can create portfolios of securities manually, you can accept the help of an algorithm and build a portfolio by answering a few simple questions, or you can use a ready and efficient portfolio,” said Novikov. “We hope very much that the new tool will be useful not only for novice investors, but also for professionals.”
For those who choose to build the portfolio themselves, the site offers advice on how to improve it. It will also suggest securities that meet the user’s requirements to enhance the portfolio.
The website’s basic services are free. For subscription charges ranging from $20 to $100 per month, users can make use of additional functions.