Created by a Thai-based startup SiamSquared Technologies, stock market management app StockRadars looks to reduce the risk factor for both novice and veteran investors.
Launched in Thailand late last week, StockRadars is an advisor and assistant to investors who spend hours checking stocks in their portfolio. The iOS app uses End-of-Day (EOD) data to analyze every stock in the market and then, indicate the stocks that match each radar’s criteria. These users can also purchase additional radars, which come with a more advanced criteria such as P/E (price per earning), P/BV (price per book value), on top of the standard ones which come free.
Max Kortrakul, CEO and co-founder shared that StockRadars is rather different from apps like TradeHero, a Singapore-based finance and stock market simulator. He said that for virtual stocks, they usually try to garner a following with new trends which users follow, but for them, the strategy is to use existing theories proven right in the local market.
That being said, Max added that sophisticated users can share or even market their own Radars to a greater investor community.
Heading over to Singapore
While StockRadars might be Thai-based, with their modular design, it seems they are able to extend to any other market worldwide. The official press release noted:
“StockRadars will be first launched for Thai market, and be expanded further to handle data from other active markets such as Singapore SGX, Malaysia Bursa, etc”
Max also shared that they are done with development for the Singaporean market. However, as they are required to buy a license of the data needed, the launch has been delayed. He also added that they will need a local partner to help spread the data in the community.
StockRadars will also see an Android and web version in a few months’ time.