Finsheet - Detailed Review
Finance Tools
Finsheet - Product Overview
Finsheet Overview
Finsheet is an AI-driven financial tool that integrates seamlessly with Excel and Google Sheets, providing users with immediate access to a vast array of historical and real-time financial data. Here’s a brief overview of its primary function, target audience, and key features:
Primary Function
Finsheet’s primary function is to connect financial data directly within popular spreadsheet applications. This allows users to retrieve and analyze live and historical market data efficiently, making it an essential resource for financial tasks.
Target Audience
Finsheet is aimed at a diverse audience, including casual investors, financial analysts, and institutional traders such as hedge funds and investment banks. It caters to businesses of all sizes, from individual investors to large financial institutions.
Key Features
- Comprehensive Data Access: Finsheet offers access to institutional-grade data, including 30 years of financial statements, 25 years of analysts’ estimates, EPS/sales surprises, and precomputed financial ratios for over 61,000 global companies.
- Real-Time and Historical Data: Users can stream live price data for US stocks, ETFs, mutual funds, cryptocurrencies, and forex pairs directly into their spreadsheets. Historical intraday (1-minute) data for the US market and delayed data for international markets are also available.
- User-Friendly Interface: The tool is extremely easy to use, requiring no coding knowledge. It integrates as an add-on in Excel and Google Sheets, with each asset class having only a maximum of three functions, making data retrieval efficient and straightforward.
- Multiple Asset Classes: Finsheet provides live and historical data from multiple asset classes, including global equities, forex, and cryptocurrencies, sourced from over 10 forex brokers and 15 crypto brokers.
- Pricing and Support: Finsheet offers affordable pricing options with a Basic, Plus, or Pro package, along with a three-day free trial. Comprehensive support is available via email to ensure a seamless user experience.
Conclusion
Overall, Finsheet simplifies the process of data acquisition and manipulation, significantly boosting productivity and enhancing decision-making in various financial tasks.
Finsheet - User Interface and Experience
User Interface
The user interface of Finsheet is crafted to be highly user-friendly and intuitive, making it accessible to a wide range of users, from casual investors to financial analysts and institutional traders.
Ease of Use
Finsheet’s Excel and Google Sheets add-ons are extremely easy to use and require absolutely no coding. If you are familiar with using Excel or Google Sheets, you already have the skills needed to use Finsheet’s add-on. This eliminates any learning curve, allowing users to focus on analyzing data rather than learning new software.
Streamlined Functions
Each asset class (stocks, forex, and cryptocurrencies) has a maximum of three functions, which simplifies the process of retrieving the data you need. The function names are consistent between Excel and Google Sheets, ensuring a seamless experience across both platforms.
Live Data Streaming
Finsheet allows users to stream live price data for US stocks, ETFs, mutual funds, cryptocurrencies, and forex directly into Excel or Google Sheets. This feature includes the ability to pause and resume streaming at any time, keeping you up-to-date with market changes without any hassle.
Comprehensive Data Access
Users can access a vast array of historical and real-time financial data, including 30 years of financial statements, 25 years of analysts’ estimates, EPS/sales surprises, and precomputed financial ratios for over 61,000 global companies. Additionally, Finsheet provides historical intraday data (1-minute resolution) for the US market, 15-minute delayed LSE data, and end-of-day tick-level data for international markets.
Cross-Platform Compatibility
Finsheet’s add-on is available for both Excel (on Mac and Windows) and Google Sheets (across all browsers), ensuring that users can access the data they need regardless of their preferred spreadsheet application or device.
Support and Trial
Finsheet offers a three-day free trial, allowing users to test the tool risk-free. The company also provides comprehensive support via email, ensuring that users can get help within 24 hours if they encounter any issues.
Overall User Experience
The overall user experience with Finsheet is streamlined and efficient. The intuitive interface and simple functions make it easy for users to retrieve and analyze financial data without getting bogged down in technical details. This focus on ease of use and comprehensive data access enhances productivity and supports better investment decision-making.
Finsheet - Key Features and Functionality
Finsheet Overview
Finsheet is an AI-driven finance tool that integrates seamlessly with Excel and Google Sheets, providing users with extensive access to high-quality financial data. Here are the main features and how they work:Institutional-Grade Data
Finsheet offers institutional-grade data, which is the same quality used by investment banks, hedge funds, and other financial institutions. This data includes historical and real-time information for stocks, forex, and cryptocurrencies, ensuring users have accurate and reliable insights.Easy Integration
The tool integrates effortlessly with Excel and Google Sheets, requiring no coding skills. Users can install the add-on and start using it immediately, making it accessible to those familiar with these spreadsheet applications. The function names are consistent between Excel and Google Sheets, further simplifying the integration.Live and Historical Data
Finsheet provides comprehensive live and historical data. Users can access over 30 years of historical intraday (1-minute) stock prices, as well as real-time streaming data for US stocks, ETFs, mutual funds, cryptocurrencies, and forex. This allows for both long-term analysis and real-time market monitoring.Simple Functions
Each asset class (stocks, forex, or crypto) has a maximum of three functions to retrieve all the required data. This simplicity makes it easy for users to get the data they need without complex queries or coding.Global Coverage
Finsheet offers global coverage, providing insights into equities, forex markets, and cryptocurrencies worldwide. Users can access detailed financial statements, analysts’ estimates, EPS/sales surprises, and precomputed financial ratios for over 61,000 global companies.Real-Time Streaming
The tool allows for real-time streaming of price data directly into Excel or Google Sheets. This feature enables users to conduct up-to-date analysis and make informed investment decisions based on the latest market data.Financial Statements and Analysis
Finsheet provides detailed financial statements, including analysts’ estimates, EPS/sales surprises, and precomputed financial ratios. This comprehensive data helps users perform thorough financial analysis and make well-informed decisions.Technical Analysis Functions
The platform includes functions for technical analysis, allowing users to monitor markets, analyze historical data, and perform various technical analyses to support their investment strategies.Pricing Plans
Finsheet offers several pricing plans to cater to different user needs:Free Plan
Limited data, including US stocks only, 3 years of historical price data, latest fundamentals, and access to cryptos and forex.Basic Plan
$20/month, includes all stocks in one region, 10 years of historical price data, intra-day data, and 10 years of fundamentals.Plus Plan
$45/month, includes global equity and ETFs, 20 years of historical price data, real-time price analysis, and ETF holdings.Pro Plan
$90/month, includes global equity and ETFs, 30 years of historical data, mutual fund data, and bonds & futures data.AI Integration
While the specific AI technologies used are not detailed, Finsheet leverages AI to streamline the process of data acquisition and manipulation. The AI ensures that the data is accurately and efficiently integrated into the user’s spreadsheet, making it easier to analyze and use for investment decisions. The real-time streaming and historical data retrieval are also facilitated by AI, ensuring that the data is up-to-date and reliable.Conclusion
In summary, Finsheet is a powerful tool that brings institutional-grade financial data directly into users’ spreadsheets, enhancing their ability to make informed investment decisions with ease and accuracy. Finsheet - Performance and Accuracy
Evaluating the Performance and Accuracy of Finsheet
Evaluating the performance and accuracy of Finsheet, a finance tool that provides access to real-time and historical market data, involves several key aspects.
Data Quality and Coverage
Finsheet is praised for its high-quality, institutional-grade data, which is used by hedge funds, investment banks, and other financial institutions. It offers comprehensive coverage of global equities, forex, and cryptocurrencies, including 30 years of historical intraday data for US markets and extensive financial statements for over 61,000 global companies.
Real-Time and Historical Data
The tool streams live market data for stocks, ETFs, mutual funds, forex, and cryptocurrencies directly into Excel and Google Sheets. This real-time data, combined with historical data, allows users to monitor market trends and perform technical analysis with high accuracy.
Ease of Use
Finsheet’s integration into Excel and Google Sheets is highly user-friendly, requiring no coding skills. The add-on is simple to use, with each asset class having only a maximum of three functions to access all necessary data. This ease of use enhances its performance by making it accessible to a wide range of users.
Performance Metrics
While Finsheet does not provide detailed performance metrics directly, its ability to deliver real-time and historical data with high resolution (up to 1-minute intervals) suggests strong performance capabilities. This data can be used to analyze market trends, track financial health, and make informed investment decisions.
Limitations and Areas for Improvement
Data Updates and Delays
For international markets, Finsheet provides 15-minute delayed data for the London Stock Exchange (LSE) and end-of-day tick-level data. While this is comprehensive, the delay in international market data might be a limitation for some users who require real-time global data.
Technical Requirements
Although Finsheet is easy to use, it still requires users to have a basic understanding of Excel or Google Sheets. Additionally, managing large datasets and performing complex analyses might require additional technical skills or resources.
Cost Considerations
Finsheet offers a free trial, but the pricing plans and their respective data access levels could be a consideration for users. The cost might be a barrier for some individuals or smaller organizations looking for extensive market data.
Conclusion
Finsheet’s performance and accuracy are supported by its high-quality data, real-time streaming capabilities, and user-friendly integration into common spreadsheet tools. However, users should be aware of potential limitations such as delayed international market data and the need for basic technical skills. Overall, Finsheet is a reliable tool for those seeking comprehensive and accurate financial market data.
Finsheet - Pricing and Plans
Finsheet Pricing Overview
Finsheet, an AI-driven finance tool, offers a clear and structured pricing model to cater to various user needs. Here’s a breakdown of their pricing plans and the features included in each:Free Plan
Finsheet provides a free plan that allows users to get started with limited features. This plan includes:- Access to US stocks only
- 3 years of historical price data
- Latest fundamentals data
- Access to cryptocurrencies and forex
Free Trial
For those interested in exploring more features, Finsheet offers a 3-day free trial. This trial allows users to test the full range of features before committing to a paid subscription. A valid credit card is required for verification, but users can cancel anytime during the trial period.Paid Plans
Finsheet has three main paid plans:Basic Plan
- Costs $20 per month
- Provides access to all stocks in one region
- Includes 10 years of historical price data
- Offers access to intra-day data
- Includes 10 years of fundamentals data
- Suitable for crypto or forex traders
Plus Plan
- Costs $45 per month
- Expands data coverage to global equities and ETFs in one region
- Offers 20 years of historical price data (end-of-day and 1-minute intraday)
- Includes analysis of real-time prices
- Provides ETF holdings data for one region
- Ideal for investors needing comprehensive historical and global equity data
Pro Plan
- Costs $90 per month
- Provides global equity and ETF data
- Includes 30 years of historical data
- Offers mutual fund data, bonds, and futures data
- Real-time streaming prices
- ETF holdings data for 100 periods
- This plan is perfect for professional investors and traders
Additional Features
All plans include technical analysis tools such as pattern recognition, support/resistance levels, and technical indicators. The data is sourced from Finnhub, which aggregates information from hedge funds, investment banks, mutual funds, and private investors across 60 major exchanges. The platform supports both Excel and Google Sheets, making it accessible without requiring coding skills.Subscription and Cancellation
Users can choose between monthly or annual subscriptions, with the annual option offering a discount equivalent to two months free. Subscriptions can be changed or canceled at any time through the account page, although corporate clients need to contact their account manager for cancellations. Credit card information is processed securely through Stripe, and Finsheet does not store credit card numbers. Finsheet - Integration and Compatibility
Finsheet: An AI-Driven Financial Tool
Finsheet, an AI-driven financial tool, is notable for its seamless integration with popular spreadsheet applications and its broad compatibility across various platforms and devices.
Integration with Spreadsheet Applications
Finsheet integrates effortlessly with Microsoft Excel and Google Sheets, two of the most widely used spreadsheet tools. This integration is achieved through easy-to-use add-ons that do not require any coding skills, making it accessible to a wide range of users.
Platform and Device Compatibility
Finsheet’s add-ons are compatible with both Windows and macOS operating systems, ensuring that users can work on their preferred platform without any issues. Additionally, since the tool works within Excel and Google Sheets, it can be accessed via any web browser, further enhancing its accessibility.
User-Friendly Interface
The integration with Excel and Google Sheets is streamlined, with consistent function names across both platforms. This consistency ensures that users can work within their familiar environments without needing to learn new software or coding languages. Each asset class, such as stocks, forex, and cryptocurrencies, has a maximum of three functions, making data retrieval efficient and straightforward.
Live and Historical Data Streaming
Finsheet allows users to stream live price data for various financial instruments, including US stocks, ETFs, mutual funds, cryptocurrencies, and forex, directly into their spreadsheets. This feature is available with the option to pause and resume streaming at any time, ensuring users stay up-to-date with market changes.
Conclusion
In summary, Finsheet’s integration with Excel and Google Sheets, its compatibility across Windows and macOS, and its user-friendly interface make it a highly accessible and efficient tool for financial data analysis and decision-making.
Finsheet - Customer Support and Resources
Customer Support
For any questions or issues with the Finsheet Excel or Google Sheets add-in, users can reach out to the support team via email. You can send your queries to support@finsheet.io, and the team typically responds within a few hours.
Documentation and Guides
Finsheet provides comprehensive documentation to help users get started and make the most out of the tool. The documentation includes detailed guides on how to use the various functions available for stocks, forex, cryptos, ETFs, and mutual funds. You can access this documentation through the Finsheet website.
Example Functions
The documentation also includes example functions that demonstrate how to retrieve different types of data, such as stock prices, financial statements, analyst estimates, and technical analysis indicators. These examples help users understand how to use the functions effectively in their spreadsheets.
Troubleshooting Tips
For common issues, such as errors during installation, Finsheet provides troubleshooting tips. For instance, if you encounter an error when installing the Google Sheets add-on, it is recommended to open an incognito window, log in with just one account, and then install the add-on.
Free Trial and Pricing Information
Finsheet offers a three-day free trial, allowing users to test the tool risk-free. After the trial, users can choose from Basic, Plus, or Pro packages, which are designed to be affordable and cater to businesses of all sizes.
By providing these support options and resources, Finsheet ensures that users can efficiently integrate the tool into their financial analysis workflows and make informed investment decisions.
Finsheet - Pros and Cons
Advantages of Finsheet
Finsheet offers several significant advantages that make it a valuable tool for financial analysts, investors, and traders:Access to High-Quality Data
Finsheet provides institutional-grade data on global equities, forex, and cryptocurrencies, which is the same data used by hedge funds and investment banks. This includes comprehensive historical and real-time market data.Ease of Use
The tool is extremely user-friendly and does not require any coding knowledge. If you know how to use Excel or Google Sheets, you can easily use Finsheet’s add-ons.Simple Functions
Each asset class has a maximum of three functions to get all the necessary data, and these function names are consistent between Excel and Google Sheets.Real-Time Market Monitoring
Finsheet allows you to stream live price data for various assets, including US stocks, ETFs, mutual funds, cryptos, and forex. You can pause and resume the data streaming as needed.Comprehensive Historical Data
Users can access 30 years of historical intraday data, financial statements, analysts’ estimates, and precomputed financial ratios for over 61,000 global companies.Free Account Option
Finsheet offers a free plan that provides limited but useful data, such as US stocks, 3 years of historical prices, latest fundamentals, and access to cryptos and forex.Disadvantages of Finsheet
While Finsheet has many benefits, there are also some drawbacks to consider:Limited Data Providers and Endpoints
The tool relies on a limited number of data providers and endpoints, which can be a constraint.Feature Restrictions
Some features are only available for pro users, which may limit the functionality for those on the free or basic plans.Dependence on Third-Party APIs
Finsheet depends on third-party APIs, which can sometimes experience errors or downtime, affecting the service.Pricing
While there is a free plan, the paid plans can be expensive, especially the Pro plan at $90 monthly. This might be a barrier for some users. Overall, Finsheet is a powerful tool for accessing and analyzing financial data, but it comes with some limitations and costs that users should be aware of. Finsheet - Comparison with Competitors
When comparing Finsheet to other AI-driven finance tools, several key features and differences stand out:
Unique Features of Finsheet
- Extensive Data Coverage: Finsheet offers unparalleled access to over 30 years of historical intraday data, financial statements, analysts’ estimates, and precomputed financial ratios for over 61,000 global companies. This includes real-time and historical data for stocks, forex, and cryptocurrencies.
- User-Friendly Integration: Finsheet integrates seamlessly with Excel and Google Sheets, requiring no coding knowledge. Each asset class has only a maximum of three functions, making data retrieval efficient and streamlined.
- Live Data Streaming: Users can stream live price data for US stocks, ETFs, mutual funds, cryptos, and forex directly into their spreadsheets, with the option to pause and resume streaming at any time.
- Technical Analysis Tools: Finsheet provides robust technical analysis features, including pattern recognition, support and resistance levels, and various technical indicators, all accessible through Excel and Google Sheets add-ons.
Pricing and Plans
Finsheet offers three main pricing plans:- Basic: $20/month, providing access to US stocks in one region, three years of historical pricing data, and ten years of fundamentals data.
- Plus: $45/month, expanding data coverage to all global stocks in one region, with ten years of historical pricing data (end-of-day and 1-minute intraday), and ten years of fundamentals data.
- Pro: The most comprehensive plan, including all features from the Plus plan, plus 20 years of historical data, real-time streaming prices, and access to multiple asset classes such as mutual funds, bonds, and futures.
Alternatives
For those considering alternatives to Finsheet, here are a few notable options:Finsea
- Finsea is often highlighted as a top alternative to Finsheet. It provides similar real-time and historical market data integration into Excel and Google Sheets, but the specific features and pricing may differ. Finsea might offer different data coverage or technical analysis tools that could be more suited to specific user needs.
FinNews.AI
- FinNews.AI is a free alternative that offers real-time news and market data. While it may not have the same depth of historical data as Finsheet, it can be a valuable resource for users looking for current market insights and news analysis without the cost.
SimFin
- SimFin provides free and paid plans with access to financial statements, analysts’ estimates, and other market data. It is known for its ease of use and integration with Excel, similar to Finsheet. However, SimFin’s data coverage and technical analysis tools may not be as extensive as those offered by Finsheet.
Corporate and Institutional Solutions
Finsheet stands out with its customized solutions for corporate and institutional clients. These plans include increased daily function call limits, expanded data coverage, and advanced technical analysis tools not available in personal subscription plans. This makes Finsheet particularly appealing to large financial institutions and hedge funds that require extensive and specialized data access. In summary, while Finsheet offers a comprehensive suite of features and data access, alternatives like Finsea, FinNews.AI, and SimFin can provide similar functionalities at different price points or with varying focuses. The choice between these tools will depend on the specific needs and requirements of the user. Finsheet - Frequently Asked Questions
Here are some frequently asked questions about Finsheet, along with detailed responses to each:
What is Finsheet and what does it offer?
Finsheet is a financial data platform that integrates with Excel and Google Sheets, providing users with institutional-grade data for stocks, forex, cryptocurrencies, and other financial instruments. It offers real-time and historical market data, company fundamentals, technical indicators, ETF data, and more, all accessible through simple functions without requiring any coding skills.
What are the pricing plans available for Finsheet?
Finsheet offers several pricing plans:
- Basic Plan: $20/month, providing access to US stocks in one region, three years of historical pricing data (end-of-day), ten years of fundamentals data, and ETF information for one region.
- Plus Plan: $45/month, expanding data coverage to all global stocks in one region, offering ten years of historical pricing data (end-of-day and 1-minute intraday), ten years of fundamentals data, and ETF information for one region.
- Pro Plan: This plan includes all features from the Plus plan, adds 20 years of historical data, real-time streaming prices, ETF holdings data for 100 periods, and access to 30 years of historical data across multiple asset classes.
Where does Finsheet source its data from?
Finsheet sources its data through Finnhub, which aggregates information from hedge funds, investment banks, mutual funds, and thousands of private investors across 60 major exchanges for equities and ETFs. This data includes global equities, forex, and cryptocurrencies.
How do I integrate Finsheet with Excel or Google Sheets?
Finsheet can be easily integrated into both Excel (Mac and Windows) and Google Sheets (all browsers) without any coding required. If you know how to use Excel or Google Sheets, you already know how to use Finsheet’s add-on, as it uses simple functions for each asset class.
What kind of historical data does Finsheet provide?
Finsheet offers extensive historical market data, including up to 30 years of historical intraday data (1-minute resolution) for the US market, 15-minute delayed data for the London Stock Exchange (LSE), and end-of-day tick-level data for international markets. Additionally, it provides 25 years of analysts’ estimates, EPS/Sales surprises, and precomputed financial ratios for over 61,000 global companies.
Can I get real-time market data with Finsheet?
Yes, Finsheet provides real-time streaming prices for US stocks, ETFs, mutual funds, cryptocurrencies, and forex. You can stream live price data directly into Excel or Google Sheets and pause or resume the streaming as needed.
Is there a free trial available for Finsheet?
Yes, Finsheet offers a 3-day free trial period that requires a valid credit card for verification. After the trial, the chosen subscription plan will be billed automatically based on your selection.
How secure is my payment information with Finsheet?
All subscription payments are processed through Stripe, and Finsheet does not store your credit card details on its servers. This ensures a secure payment process.
What kind of technical analysis tools does Finsheet offer?
Finsheet includes extensive technical analysis tools such as pattern recognition, support/resistance levels, and various technical indicators. These tools are available across all subscription plans and help users in making informed financial decisions.
Who is Finsheet suitable for?
Finsheet is suitable for a variety of users, including financial analysts, investors, and professionals. It is particularly useful for those who need access to institutional-grade data for investment decisions and market analysis.
Finsheet - Conclusion and Recommendation
Final Assessment of Finsheet
Finsheet is a powerful AI-driven financial tool that stands out for its comprehensive and accurate financial data, making it an invaluable resource for various users in the finance sector.
Key Features and Benefits
- Real-Time and Historical Data: Finsheet provides access to over 30 years of real-time and historical market data for stocks, forex, and cryptocurrencies. This includes live price data streaming for US stocks, ETFs, mutual funds, cryptos, and forex, as well as historical intraday data and end-of-day tick-level data for international markets.
- Integration with Spreadsheets: The tool seamlessly integrates with Excel and Google Sheets, requiring no coding, which makes it accessible and user-friendly for a broad range of users.
- Institutional-Grade Data: Finsheet offers data used by hedge funds, investment banks, and other financial institutions, ensuring high-quality and reliable information.
- Technical Analysis: It includes functions for technical analysis, enabling users to make more informed investment decisions.
Who Would Benefit Most
Finsheet is particularly beneficial for:
- Financial Analysts: Those who need detailed financial data for analysis and reporting will find Finsheet’s comprehensive datasets invaluable.
- Institutional Traders: Hedge funds, investment banks, and other financial institutions can leverage Finsheet’s institutional-grade data to inform their trading strategies.
- Casual Investors: Experienced individual investors who are comfortable with interpreting financial data can use Finsheet to enhance their investment decisions.
- Researchers: Students and researchers in finance can benefit from the vast array of historical and real-time data available.
Limitations and Considerations
While Finsheet is highly beneficial, it does have some limitations:
- Financial Literacy: The platform assumes a certain level of financial literacy, which might be a barrier for less experienced investors who need more guidance and interpretation of the data.
- Data Interpretation: The value derived from Finsheet depends on the user’s ability to interpret complex financial data and turn it into actionable strategies.
Overall Recommendation
Finsheet is highly recommended for anyone seeking comprehensive and reliable financial data. Its ease of use, integration with popular spreadsheet applications, and the breadth of data it provides make it an essential tool for financial analysis and investment decision-making. However, it is crucial for users to have a good grasp of financial concepts to fully utilize the data provided.
Pricing and Accessibility
Finsheet offers a reasonable pricing plan starting at $20/month, making it accessible to a wide range of users. Additionally, it provides a free trial period, allowing potential users to test the tool before committing to a subscription.
In summary, Finsheet is a powerful tool that can significantly enhance the financial analysis and investment decision-making process for those who are comfortable working with detailed financial data.