A web scraping-based approach for fundamental analysis platform in financial assets

Abstract

There are two main benefits of using fundamental analysis for investors and portfolio managers. First, investing in a company with good ratios has lower risks. The second reason is that it is possible to evaluate share prices with internal valuation methods based on ratios. These price valuations can be more meaningful when combined with technical analysis data. Many data terminals provide processes such as fundamental analysis data and price valuation on a paid and licensed basis. However, the balance sheet data of publicly traded markets are publicly available and can be obtained and interpreted by web scraping methods. This study presents an approach in which basic analysis and price evaluation are made with balance sheets and ratios using open-source tools and web scraping.