Google Finance, launched by Google on March 21, 2006, was a website that provided business and enterprise headlines for many companies including their major news events and financial decisions. Google had, since, added a lot of new features to its website and revamped the version of their finance site. Google Finance provided services like currency information, sector performance for the United States market, important financial news along with listing of top movers.
Google Finance provided charts showing up to 40 years of data for U.S. stocks, including portfolio options. In the 2008 update of the site, following the partnership of both NASDAQ and the New York Stock Exchange with Google, Google included ticker updates for stocks.
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Since 2008, Google Finance did not go through any major upgrade and the blog was closed in 2012 following several enquiries and bug reports that were not responded to. However in 2017, Google stated that their Finance website was under renovation.
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The website has been renovated and the portfolio feature has been removed. Google Finance has become a useful tool to help investors reach their financial goals, helping conduct research and learn about stock investment. It provides a huge amount of useful information to investors about thousands of corporations. In its World Markets section, Google Finance provides information about the performance of stock markets in other countries.
It provides a Currency section, showing various currencies stack up. It also provides information about bond yields. It has a Section Summary which tracks the performance of various industries on a global scale, including energy, technology, and healthcare.
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Google Finance provides overall stock information and also Price-to-Earnings (P/E) ratio indicating whether the stock is priced properly. Devoid of the portfolio tool, it still offers the investors with the service to import their holdings and tracks them. It allows investors to keep their investments confidential.
It allows users to ‘bench’ stocks, by tracking the things that the users want to buy next. Apart from the P/E ratio, it also provides necessary information on market cap and volatility of stocks. Google Finance enables investors to track all the information in one place.
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There are two primary modes to view and use Google Finance. In the Overview mode, investors can generally analyze through the information. It shows the price of each stock, its market capitalization, its volume, and the high and low prices for the day, showing how much it has moved.
In the Fundamental mode, investors can view the latest price of stocks, market capitalization, average volume, lows and highs through 52 weeks, P/E and earnings of each stock per share. It allows investors to transact through this mode. The 52-week feature shows the volatility of a stock, tracking its movement through a long period of time.
Google Finance has been evolving and expanding since its incorporation with Google’s search service. With the help of the search service, Google Finance provides better and more personalized data and reports. After learning a bit about how Google Finance works, investors can find all the information and insights required to conduct an investment related research and use it to their advantage. Plus, Google Chrome users can get it for free as an extension to the browser.