If you happen to’re somebody who’s curious about investing – and notably, in doing your personal analysis earlier than you add a inventory or ETF to your portfolio – then you definitely most likely know that you just’ve received choices with regards to discovering a inventory screening service.
The always-pressing query is: Which service is greatest for you and your wants? In any case, what works for one individual might not work for one more.
On this Looking for Alpha vs Benzinga Professional assessment, we’ll examine the 2 providers, with particulars about options, plans, pricing, and what customers on the internet take into consideration every of them. Each providers have their virtues, particularly for buyers who need in-depth evaluation and people in the hunt for real-time information about their investments. Try Belief Pilot’s opinions of each Benzinga Professional and Looking for Alpha
One of many latest options on Looking for Alpha is the Portfolio Well being Score, which analyzes portfolios based mostly on Quant rankings and the way they examine to different portfolios.
A stand-out characteristic on Benzinga Professional is Audio Squawk, which presents customers a real-time audio feed of market information and adjustments.
So… which platform is greatest for you? There’s just one technique to discover out, and that’s to dive into our comparability and have a look at Benzinga Professional and Looking for Alpha facet by facet.
Looking for Alpha vs Benzinga Professional: An Overview
Since each are inventory screening and analysis platforms, it shouldn’t come as a shock that Looking for Alpha and Benzinga Professional have so much in frequent. Each supply buyers instruments to judge and examine shares and skim information. For instance, each supply watchlists and market information.
Looking for Alpha’s options are designed for in-depth analysis, offering a mix of expert-driven insights and neighborhood evaluation, plus rankings and superior screeners. Whereas newbie buyers might discover the quantity of study overwhelming, Looking for Alpha’s options serve a variety of buyers from novices to specialists.
Benzinga Professional has extra in the way in which of real-time information and costs, which makes it most fitted for merchants. That stated, you received’t discover the identical depth of study that you’ll with Looking for Alpha.
Preserve studying to see our Benzinga Professional vs. Looking for Alpha comparisons and work out which platform is most fitted to your funding type and preferences.
How Do They Work?
Each Looking for Alpha and Benzinga Professional have their benefits. Some buyers want to commerce shares of their portfolios based mostly on the information of the day. Others want to learn knowledgeable evaluation, do their very own analysis, and select investments based mostly on what they study. Understanding which funding type you favor is a key factor with regards to selecting an funding analysis platform.
How Does Looking for Alpha Work?
Looking for Alpha is, at its coronary heart, an funding neighborhood. It has hundreds of subscribers, a lot of whom write and publish their very own evaluation of the market and particular investments. As a service, Looking for Alpha is greatest recognized for its:
- Quant rankings for detailed inventory evaluations
- Crowdsourced funding insights
- Professional evaluation
- Personalised inventory alerts and watchlists
- Detailed financials
With Looking for Alpha, subscribers can do a deep dive on shares and ETFs earlier than they purchase, after which keep watch over shares of their portfolio going ahead. Looking for Alpha’s options make it straightforward to seek out the information and figures essential to make sensible investments.
How Does Benzinga Professional Work?
Like Looking for Alpha, Benzinga Professional is designed to offer buyers with helpful info to assist them consider funding alternatives and select which investments so as to add to their portfolios. Benzinga Professional is greatest recognized for these options.
- Actual-time inventory market information
- Newsfeed and inventory screeners for day merchants
- Benzinga Indicators, which presents real-time alerts for day merchants
Evaluating what every service is greatest recognized for and the way it works, it’s clear that Benzinga Professional and Looking for Alpha are designed for various kinds of buyers. Looking for Alpha is for individuals who want to look earlier than they leap by doing intensive funding analysis, whereas Benzinga Professional is for individuals who want to maneuver shortly and who might make funding choices based mostly on up-to-the-minute market information.
Looking for Alpha vs Benzinga Professional: Key Options
Among the finest methods to match funding analysis platforms is to dig into the options supplied by every.
Fundamental Options for Looking for Alpha
Let’s begin with a rundown of Looking for Alpha options, which supply a powerful array of inventory market and portfolio evaluation instruments.
- Quant rankings, Looking for Alpha’s proprietary ranking system, charges investments from 1 to five, with 1 indicating a Sturdy Promote and 5 indicating a Sturdy Purchase. Traditionally, Looking for Alpha’s “Sturdy Purchase” suggestions have outperformed the S&P 500.
- Dividend Security Rankings
- Intensive portfolio administration instruments, together with customizable portfolio views and Portfolio Well being Rating
- Entry to in-depth knowledgeable and neighborhood evaluation
- Entry to earnings name transcripts and 10 years of financials
- Inventory and ETF alerts based mostly on Quant rankings or value adjustments
- Customizable watchlists
- Personalised inventory and article alerts
These options illustrate why Looking for Alpha is the gold normal for in-depth funding analysis. The one factor to concentrate on is that whereas Looking for Alpha vets the neighborhood content material it recommends to subscribers, it doesn’t assessment all the things. It’s all the time a good suggestion to do your personal analysis as an alternative of taking one individual’s suggestion.
Professional Tip:
If you happen to join with Looking for Alpha Premium right now, you’ll obtain $30 off and entry to an unique 7-day free trial!
Fundamental Options for Benzinga Professional
Benzinga Professional is usually fitted to individuals who need to make funding choices based mostly on up-to-the-minute market information. Listed below are a number of the most vital options that you just’ll discover on Benzinga Professional.
- Actual-time market information
- Audio Squawk alerts (merchants can keep tuned all day to get real-time updates)
- Actual-time inventory value alerts
- Information feed customization
- Inventory movers
- Watchlists
You’ll be able to see that Benzinga Professional’s options are tailor-made to maintain buyers within the second with market information and alerts. These options are perfect for day merchants, however not for individuals who need in-depth analysis and evaluation to make funding choices.
Options Comparability
Let’s have a look at a few of Looking for Alpha’s and Benzinga Professional’s options facet by facet that will help you perceive how the 2 providers look compared.
| Characteristic | Looking for Alpha | Benzinga Professional |
| Funding Rankings | Quant Rankings, Wall Road Analysts Rankings | N/A |
| Screeners | Primary and Superior | N/A |
| Market Information | Newsfeed | Personalised information feed, Audio Squawk |
| Alerts | Alerts based mostly on pricing and rankings adjustments | Alerts based mostly on pricing, rankings, and market information |
| Watchlists | Customizable | Customizable |
| Portfolio Instruments | Customized Portfolio Views, Portfolio Well being Scores, no dealer integrations | Minimal, no dealer integrations |
Pricing
Chances are you’ll be questioning how Looking for Alpha and Benzinga Professional examine with regards to pricing. It’s time to reply that query.
Pricing for Looking for Alpha
Let’s have a look at the price of Looking for Alpha. Looking for Alpha pricing 2024 prices are as follows:
- The Free Primary Plan presents customers the choice to create a portfolio, get real-time alerts, and skim one Premium article monthly.
- Looking for Alpha Premium presents a one-month trial for $4.95, then renews at $299 per 12 months for brand new subscribers. The fee goes as much as $499 per 12 months for returning subscribers.
- Looking for Alpha Professional presents a one-month trial for $99, after which it renews at $2,400 per 12 months.
Few buyers will be capable to afford the Professional Plan, however Looking for Alpha Premium presents all the things you’ll want, together with entry to Quant Rankings, portfolio administration instruments, updates, and limitless entry to knowledgeable and neighborhood evaluation.
Pricing for Benzinga Professional
Like Looking for Alpha, Benzinga has three plans. Right here’s how they break down.
- The Primary Plan is $37 monthly (that’s $444 per 12 months) and presents entry to real-time Nasdaq alerts, an unfiltered information feed, chats, value alerts, watchlists, and entry to premium articles on Benzinga.com
- The Streamlined Plan prices $147 monthly (that’s $1,764 per 12 months) and presents all the things within the Primary Plan, plus entry to Audio Squawk and superior information feed filtering.
- The Necessities Plan prices $197 monthly (that’s $2,364 per 12 months) and presents all the things within the Streamlined Plan, plus Calendar, Indicators, and unlockable bonuses that embody free subscriptions to a few of Benzinga’s premium newsletters.
Subscribers on the Streamlined and Necessities ranges even have the choice so as to add Excessive Beta Squawk for $49 monthly.
Professional Tip:
If you happen to join with Looking for Alpha Premium right now, you’ll obtain $30 off and entry to an unique 7-day free trial!
Value Comparability Desk
Right here’s how Looking for Alpha and Benzinga Professional’s pricing look facet by facet.
| Plan | Looking for Alpha | Benzinga Professional |
| Primary | $0, restricted options | $37 monthly, restricted options |
| Premium (Looking for Alpha) Streamlined (Benzinga) |
$4.95 for a 30-day trial; $299/yr for brand new subscribers; $499/yr for returning subscribers | $147 monthly |
| Professional (Looking for Alpha)Important (Benzinga) | $99 for a 30-day trial; $2,400 per 12 months | $197 monthly |
As you possibly can see, Looking for Alpha presents a free plan with entry to free inventory evaluation instruments, plus a really inexpensive one-month trial for its Premium Plan. Benzinga Professional subscription prices are greater for premium subscribers, and supply fewer options.
Person Expertise
Now it’s time for a fast comparability of customers’ experiences utilizing Looking for Alpha and Benzinga Professional.
Reviewers on Capterra have awarded Looking for Alpha a median of 4.3 out of 5 stars, whereas reviewers on Trustpilot have given Looking for Alpha premium 4 out of 5 attainable stars.
A number of the issues that reviewers reward embody this stuff:
- It’s straightforward to hyperlink to an outdoor portfolio
- SA gives detailed knowledgeable inventory evaluation, financials, and metrics
- Distinctive views from neighborhood members
- Helpful articles
- Portfolio administration instruments
- Sturdy efficiency towards benchmarks
A number of the commonest points included this stuff:
- Lack of vetting for neighborhood content material
- Buyer assist response instances are typically gradual
- Computerized renewal course of
- Quantity of knowledge could also be overwhelming
By way of a Looking for Alpha app assessment, most customers appear to love the app and recognize getting access to a inventory market analysis app on the go.
There’s just one consumer assessment for Benzinga on Capterra, and that consumer gave the service 4 out of 5 stars, however we are able to’t extrapolate a lot from such a small pattern. That consumer did reward the Benzinga Professional platform’s usability, however took concern with the dearth of study.
Trustpilot has greater than 600 opinions of Benzinga Professional, and so they’ve given the service a median ranking of three.9 stars. A number of the issues that reviewers reward are:
- Benzinga’s top-notch customer support
- Customizable information feed
- Actual-time market alerts
- Audio Squawk
A number of the commonest complaints associated to customer support response instances, though many customers praised customer support reps. There have been a number of mentions of the Primary Plan being too costly for what customers get in return, and proposals to purchase the Important Plan in the event you can afford it.
Looking for Alpha’s app and platform have a greater UX general, with quick access to wealthy information and knowledgeable evaluation. Benzinga’s interface might use a number of enchancment, because it has a cluttered look and could also be troublesome to navigate. Benzinga is a web-only platform that may be overwhelming for first-time customers, however it works nicely for lively merchants who need instant entry to information.
Professional Tip:
If you happen to join with Looking for Alpha Premium right now, you’ll obtain $30 off and entry to an unique 7-day free trial!
Looking for Alpha vs. Benzinga Professional: Efficiency Metrics
Evaluating efficiency metrics for Looking for Alpha and Benzinga Professional is troublesome as a result of Benzinga Professional doesn’t supply rankings the place we are able to distinction market efficiency. General, we’d say that Looking for Alpha presents highly-accurate (and traditionally worthwhile) Quant Rankings plus in-depth evaluation. Benzinga Professional focuses on velocity, delivering information in actual time, however it lacks in-depth evaluation.
Efficiency Metrics for Looking for Alpha
Listed below are the metrics we are able to use to price and consider Looking for Alpha.
- Quant Score accuracy. Looking for Alpha’s “Sturdy Purchase” rankings have traditionally outperformed the S&P 500.
- Looking for Alpha’s contributor monitor data are straightforward to seek out, and all specialists are vetted earlier than their content material is shared.
- Customers get entry to detailed earnings evaluation, together with entry to earnings name transcripts and 10 years of financials.
- Return charges on investments. Somebody who invested $10,000 within the S&P 500 again in 2010 would have investments price $57,416 right now. Somebody who purchased Looking for Alpha’s “Sturdy Purchase” suggestions would have $278,192.
We also needs to word that Alpha Picks, one other considered one of Looking for Alpha’s premium providers, has outperformed the S&P 500 by 40% since its inception.
Efficiency Metrics for Benzinga Professional
Benzinga Professional doesn’t make inventory suggestions per se, so we are able to’t monitor ends in the identical method we are able to with Looking for Alpha. Listed below are some metrics we are able to use.
- Quick information supply. Benzinga delivers fast (and typically real-time) entry to information, notably for Benzinga Streamlined and Important subscribers who’ve entry to Audio Squawk.
- Actual-time alerts. Customers can get real-time alerts of value adjustments and market information, with customization choices to ensure they get precisely the knowledge they need.
On the entire, the metrics assist Looking for Alpha as the most suitable choice for many buyers.
Looking for Alpha vs. Benzinga Professional
Listed below are some vital Execs and Cons to remember as a part of our funding platform comparability.
Execs and Cons of Looking for Alpha
Execs
- Free primary plan
- Quant rankings
- In-depth evaluation
- Reasonably priced premium providers
Cons
- Could also be overwhelming for rookies and new customers
Execs and Cons for Benzinga Professional
Execs
- Up-to-the-minute market information for day merchants, together with Audio Squawk
- Watchlists and market alerts
Cons
- No free plan
- Costly for informal buyers
- Lack of in-depth inventory evaluation
Who Is Looking for Alpha For?
We predict Looking for Alpha is a more sensible choice than Benzinga Professional for many buyers, however let’s discuss who ought to use Looking for Alpha.
Looking for Alpha is a inventory evaluation platform for buyers. Subscribers get entry to a ton of detailed evaluation from each specialists and neighborhood members, so anyone who desires to do a deep dive earlier than buying a inventory or ETF can profit from Looking for Alpha.
If you happen to’re questioning: Is Looking for Alpha good for rookies, we’d say that it may be. Newbies can profit from beginning with Looking for Alpha’s free plan, which presents the chance to ease into utilizing the platform and get accustomed to the kinds of analysis and evaluation which can be obtainable.
Intermediate and superior customers are those who can leverage Looking for Alpha’s Premium options. Even for some buyers with expertise there could also be a studying curve, however it’s not an amazing one, particularly as soon as you determine find out how to customise your feed by following your favourite authors and establishing alerts for shares in your portfolio.
We’d say that the Professional possibility shouldn’t be mandatory for many buyers. It’s expensive at $200 monthly and doesn’t supply that rather more in the way in which of particular options.
We imagine that buyers of every type might profit from turning into Looking for Alpha Premium subscribers. On the very least, we’d suggest trying out the one-month trial for $4.95, which presents the prospect to check out the premium options and see in the event that they’re best for you. If you’re curious about studying extra about what Looking for Alpha has to supply, try our article masking the topic right here.
Which Platform is Proper for You?
Listed below are our last ideas on Looking for Alpha vs. Benzinga Professional and which inventory screener is greatest.
Benzinga Professional is greatest fitted to individuals who need to actively handle their investments and transfer shortly based mostly on inventory market information. It’s not for individuals who need to dig into firm financials and skim knowledgeable evaluation.
Looking for Alpha is the very best platform for people who find themselves searching for depth, affordability, and entry to knowledgeable evaluation. You’ll be able to entry 10 years of financials, tons of stories and knowledgeable evaluation, and get entry to Quant Rankings, Wall Road Analyst rankings, and a sturdy set of portfolio administration instruments, together with the Portfolio Well being Grade.
On the entire, we imagine that Looking for Alpha is a more sensible choice for many buyers than Benzinga Professional. It presents extra options at a extra inexpensive value.
If you happen to’ve ever questioned how Looking for Alpha compares to MarketWatch, try our model new assessment right here!
Get Looking for Alpha Premium for $30 OFF.
FAQs
Free Trials?
There are not any free trials, however Looking for Alpha presents a free primary plan. You too can get a 30-day trial of Looking for Alpha Premium for $4.95 or a 30-day trial of Looking for Alpha Professional for $99. Benzinga doesn’t supply a free plan or any free trials presently.
Elementary Evaluation?
Benzinga Professional presents solely market information to assist buyers select shares to purchase. It’s not an evaluation website and doesn’t supply a lot in the way in which of analysis. Against this, Looking for Alpha presents customers entry to knowledgeable and neighborhood evaluation, Quant rankings, Wall Road Analyst rankings, plus superior screeners and a Portfolio Well being Grade.
In the end Looking for Alpha presents extra analysis choices and evaluation than Benzinga, and is best fitted to most buyers.
Complete vs Actual Time Analysis?
Traders who worth analysis and evaluation need to perceive the potential dangers and rewards of investments earlier than they purchase them. Whereas Benzinga Professional’s real-time info is undeniably helpful to day merchants, many buyers want to have entry to extra concrete info earlier than making funding choices.
