- December 12, 2021
- Posted by: Robert Brown
- Category: Investing
What Is Stock Metadata?
Simply stated, metadata is data about data. And when properly understood and interpreted, stock market metadata, also simply referred to as stock metadata, can help you picture what’s happening with a company’s stock. So if there’s a trading trend developing, one of the tools you can use to spot a trend as it moves along would be stock market metadata.
Working with Stock Metadata?
When you go online, you find vast varieties of stock charts, current and historical stock market results, and an increasing number of online news sources. But finding anything on stock metadata is challenging.
In order to get more of a feel how this type of information can be used, consider any of the following scenarios:
- You are planning to buy shares in a company and you want to have an idea during what 15-minute period of the trading day do shares statistically trade at their lowest points
- You want to sell your shares and you want to have an idea of the best time of the day to execute your trade
- You want to know the iterations of the various price range differences for a stock to help you time your trade and get a price that’s advantageous to you
- You want to buy or sell a large block of shares and you want to see a breakdown of the different times of the day when the volume of shares traded for certain stock is both at its highest and lowest
Answers to these and many other questions can be found by going online and searching for it. I use Google and look either for the terms stock market metadata or stock metadata which returns links to all of the pertinent information. Stock metadata reports are unique. For example, you can easily see the relationships that exist between the Open and Close values of stock prices for the day. You can also see what the values are for the other days, day after day.
These reports can cover a specific date range for the company being featured. And, with the availability of multiple arrays of values for the different group categories within each of the arrays, there’s more than a sufficient amount of data there to complete a thorough analysis. This is easy to see when you look at a report.
Used as an analysis tool, stock metadata can also be used to show market trading activity for shares covering 15-minute blocks of time. Statistically speaking, you can quickly see.
- Time periods when highest and lowest prices were reached
- Time periods when highest and lowest trading volumes were reached
It also provides clear answers to questions spanning any period of time (days, months or years) like:
- How many times during each of the 15-minute periods during normal trading hours have shares traded at the high of the day?
- How about at the low of the day?
- What times of the day recorded the highest volume of trades?
- How about the lowest volume of trades?
Why is this type of information important? Statistically speaking, it identifies the potential best time of the day to buy or sell shares. When you learn to use stock market metadata, you come to realize that:
- History tends to repeat itself
- Numbers don’t lie, and
- The trend is your friend.
Previously, the general public has not been able to easily locate a viable source of stock metadata and stock market metadata. Now that has been changing. When you do a search for either of those specific terms, you’re sure to find the information presented from the source sites or through links to articles written about this topic.
Look for sites that also present features on companies being traded on the major North American stock exchanges. This includes numerous links to key sources of standard stock market information as well as including a selection of stock market metadata reports.
When you choose to examine a featured company, make sure links included are to some of the best available online sites of key stock market information. Do they also have stock metadata reports for each company being feature there by them?
Look for reports that are published every day of the week, Monday to Friday. Typically, the standard report titles as listed below, also have corresponding links to site pages that explain and describe the content of each of the reports.
- Daily Historical Metadata Detail
- Daily Historical Metadata Summary
- 15-minute Metadata Detail
- 15-minute Metadata Summary
- 15-minute Hi-Low Counts
Does Using Stock Metadata Work?
Stock charts present graphical images about a company’s stock performance. There are multiple patterns to learn about. These must be understood and correctly interpreted. This can get quite complicated. And when used properly, they can be quite effective for stock trading and investing purposes.
The advantage of stock metadata is that it uses something that you have been using all of your life: numbers. If you know how to do simple addition and subtraction, and you know how to count, then you can use and understand metadata.
Some people even boast of using stock metadata to predict price results. Check out the following link to the Yahoo! message board for Morgan Stanley stock.
It was submitted after lunch on Friday, October 9, 2009, to this Yahoo! message board in regards to the closing price of the day of Morgan Stanley shares. It was developed using specific selection criteria against the Daily Historical Metadata Detail report for MS shares from stock metadata reports available online for people to use. As you read the entry, you’ll see that if Bulls ruled at the end of the day, the prediction was the stock would close at 32.18. Well MS actually ended the day at 32.09 but a few seconds later after closing, the first transaction in after-hours trading was at, are you ready for this, 32.18. Talk about making a good prediction. I’ll let you be the judge.