Help center
Features, definitions, broker-connection tutorials and how analyses work, everything to get the most out of Earnnest.
Getting started
Create an account, get to grips with the app, understand the plans.
Connecting a broker
Sync your portfolio: eToro live, or CSV import.
Analyses & signals
How Earnnest rates a stock: score, signal, valuation, ML.
Screener & Idea Finder
Filter the stock universe and surface ideas.
Watchlist
Track your stocks, organise lists, set price targets.
Portfolio
Performance, risk, allocation, dividends and tax.
Alerts & notifications
Be notified of important moves and events.
Trade journal
Keep a professional journal of your operations.
Tax summary
Work out your capital gains and losses under the rules of your country.
Signal tracking
How signals are measured after the fact.
Plans & quotas
Manage your plan, understand limits and billing.
Compliance & data
Regulatory status, data protection, sources.
Investor glossary
38 definitionsStock (share)
A title of ownership of a fraction of a listed company. Holding one gives a right to a share of profits (dividends) and, often, a voting right.
P/E ratio
Price / Earnings: share price divided by earnings per share. Measures how many years of earnings you “pay” for the stock. A high P/E reflects strong growth expectations.
Forward P/E
P/E computed with expected earnings per share (analyst forecast) rather than past earnings.
PEG
P/E relative to the earnings growth rate. A PEG near 1 suggests a valuation consistent with growth.
EV/EBITDA
Enterprise value (market cap + net debt) divided by EBITDA. A valuation multiple that neutralises the financing structure.
EBITDA
Earnings before interest, taxes, depreciation and amortisation. Approximates the cash generation of the business.
EBIT
Operating income (before interest and taxes). Measures the profitability of core operations.
EPS
Earnings per share: net income divided by the number of shares. Building block of the P/E and of fair value.
Net margin
Net income relative to revenue. The share of every euro of sales that becomes final profit.
Gross margin
Revenue minus cost of goods sold, relative to revenue. Reflects pricing power.
ROE
Return on Equity: net income relative to shareholders' equity. Return for the shareholder. Above 15–20% is generally considered solid.
ROCE
Return on Capital Employed: operating income relative to capital employed. Measures how efficiently invested capital works.
Free Cash Flow (FCF)
Cash flow available after investments. The cash actually generatable, distributable or reinvestable.
FCF yield
Free cash flow relative to market capitalisation. Yield of generated cash versus the price paid.
Net debt
Total debt minus available cash. Negative net debt means more cash than debt.
Net debt / EBITDA
Number of years of EBITDA needed to repay net debt. Beyond 3–4×, leverage becomes a point of caution.
Current ratio
Current assets divided by current liabilities. Measures the ability to meet short-term debts (above 1 = comfortable).
Beta
A stock's sensitivity to market moves. A beta of 1 moves with the market; above 1 = more volatile; below 1 = more defensive.
Volatility
The magnitude of price variations, often annualised. The higher it is, the riskier the stock or portfolio.
Sharpe ratio
Excess return (above the risk-free rate) per unit of volatility. The higher it is, the better the risk/return trade-off. Above 1 is good.
Max drawdown
The worst decline recorded between a peak and the following trough. Measures the maximum loss historically suffered.
Correlation
A measure (between −1 and +1) of how much two stocks move together. Low correlation between your holdings improves diversification.
Alpha
Out-performance (or under-performance) of a portfolio relative to its benchmark.
CAGR
Compound annual growth rate. Smooths a multi-year performance into a single annual pace.
TWR
Time-Weighted Return: a return that neutralises the effect of deposits and withdrawals, to measure pure management performance.
RSI
Relative Strength Index: a momentum oscillator (0–100). Above 70 = overbought zone, below 30 = oversold.
MACD
Moving Average Convergence Divergence: a trend and momentum indicator based on the gap between two moving averages.
ADX
Average Directional Index: measures the strength of a trend (without its direction). Above 25 = marked trend.
Moat (competitive advantage)
A durable barrier that protects a company's profits (brand, costs, network effect, patents). A wide moat sustains high profitability over time.
Dividend
A share of profit paid to shareholders. The dividend yield relates this payment to the share price.
Yield on cost
Annual dividend relative to your purchase price (not the current price). Measures the real yield of your position.
Ex-dividend date
The date from which buying the stock no longer entitles you to the next dividend.
PEA
Plan d'Épargne en Actions: a French tax wrapper. After 5 years of holding, gains are exempt from income tax (excluding social levies).
CTO
Ordinary securities account: an investment account with no specific tax advantage, but no cap or geographic restriction.
Tax-loss harvesting
Deliberately realising losses to offset gains and reduce the year's tax.
MAE / MFE
Maximum Adverse / Favourable Excursion: the worst and best level reached by a trade before it closes. Useful to calibrate stops and targets.
SHAP
A method that explains each factor's contribution to a model prediction. Earnnest shows the 5 most influential factors of the ML signal.
Fair value
A methodological estimate of a stock's value (here: median multiple × EPS). A factual, non-personalised reference, neither advice nor a price target.
Earnnest is a decision-support tool, not a financial investment adviser (CIF). The information provided is neutral and non-personalised. Past performance does not predict future performance; investing carries a risk of capital loss.
