Watchlists are essentially custom groups of tickers that you create and name. They’re a handy way to keep track of tickers you’re interested in, perhaps for different investment strategies. For instance, you could have a watchlist called “Possible Buys” and another called “Possible Sells.”
While similar to portfolios, watchlists are simpler because they don’t track quantities, cash, or purchase prices.
Stock Rover allows you to set up multiple watchlists. This means you can organize tickers by various criteria—like “Value Stocks,” “Dividend Stocks,” or “Momentum Stocks”—each in its own dedicated list.
Just like with a portfolio, you can chart a watchlist to compare its performance against individual stocks, market indices, industries, other portfolios, or even other watchlists. When a watchlist is charted, it’s assumed that an equal amount of capital is allocated to each stock within it.
