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Information about “SECURITY ANALYSIS & PORTFOLIO MANAGER”
The serious investor with a portfolio will find a thoughtful pal in
SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT. Developed by a financial
consulting company, SAPM lets you enter your stock transactions
quickly and easily. Then it gives you all
the reports you need to know what's going on with your portfolio. A
highly sophisticated securities analysis system is added, along with a
number of tools to help you manage your money and deal with loans.
The analysis of individual stocks uses principles developed by the
National Association of Investors Corp. Regression analysis is the
primary tool to estimate future growth rates. Reports include present
value and book price, market value, current gain/loss, percent return,
and percent of holdings a security represents. SAPM creates
amortization tables, calculates loan payoffs, determines future
investment values, calculates current amount required for a desired
amount (present value), calculates loan amortizations, and determines
future value of regular additions to an investment plan (annuity).
FILE1684.TXT
Disk No: 1684
Disk Title: Security Analysis & Portfolio Manager
PC-SIG Version: S1
Program Title: Security Analysis & Portfolio Manager
Author Version: 2.01
Author Registration: $25.00
Special Requirements: None.
The serious investor with a portfolio will find a thoughtful pal in
SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT. Developed by a financial
consulting company, SAPM lets you enter your stock transactions
quickly and easily. Then it gives you all
the reports you need to know what's going on with your portfolio. A
highly sophisticated securities analysis system is added along with a
number of tools to help you manage your money and deal with loans.
The analysis of individual stocks uses principles developed by the
National Association of Investors Corp. Regression analysis is the
primary tool to estimate future growth rates. Reports include present
value and book price, market value, current gain/loss, per cent return,
and per cent of holdings a security represents. SAPM creates
amortization tables, calculates loan payoffs, determines future
investment values, calculates current amount required for a desired
amount (present value), calculates loan amortizations, and determines
future value of regular additions to an investment plan (annuity).
PC-SIG
1030D East Duane Avenue
Sunnyvale Ca. 94086
(408) 730-9291
(c) Copyright 1989 PC-SIG, Inc.
GO.TXT
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║ <<<< Disk #1684 SECURTIY ANALYSIS AND PORTFOLIO MANAGER >>>> ║
╠═════════════════════════════════════════════════════════════════════════╣
║ To start program, type: SAPM (press enter) ║
║ ║
║ To print documentation, type: COPY MANUAL.DOC PRN ║
╚═════════════════════════════════════════════════════════════════════════╝
MANUAL.DOC
SECURITY ANALYSIS AND PORTFOLIO MANAGER
Version 2.01
(ShareWare)
SAPM (tm)
Greg Morrison and Associates
Financial Consulting Services
Post Office Box 151
Highwood, Illinois 60040
LICENSE AGREEMENT
This manual and program is Copyrighted (c) 1986, 1987 by Greg
Morrison and Associates Financial Consulting Services. SAPM is
intended for use on one individual personal computer by the
original purchaser only. It is expressly forbidden to duplicate
this utility or its documentation, or to loan or rent to others.
The software may not function properly in every hardware/software
environment.
THIS SOFTWARE IS SUPPLIED TO YOU "AS IS" WITHOUT WARRANTY OF ANY
KIND, EITHER EXPRESSED OR IMPLIED, WITH RESPECT TO THIS SOFTWARE
OR DOCUMENTATION, THEIR QUALITY, PERFORMANCE, MERCHANTABILITY, OR
FITNESS FOR A PARTICULAR PURPOSE. CONSEQUENTLY, YOU THE
LICENSEE, ARE ASSUMING THE ENTIRE RISK AS TO THEIR QUALITY AND
PERFORMANCE.
Reasonable care has been taken to insure the accuracy and proper
operation of this program. However, Greg Morrison and Associates
Financial Consulting Services is not responsible for any damage,
real or alleged, including but not limited to interruption of
services, loss of business, investments, capital gains,
dividends, or anticipatory profits, resulting from the use of
this product.
This Agreement is governed by the laws of the State of Illinois.
You may have other rights which vary from state to state. Some
states do not allow the exclusion of incidental or consequential
damages, so some of the above may not apply to you. If a court
finds that the above limitation on warranty or on damages do not
apply to your, or that the above warranty fails of its essential
purpose, then Greg Morrison and Associates' liability to you
shall be limited to the total price you paid for this software.
2
TABLE OF CONTENTS
PREFACE . . . . . . . . . . . . . . . . . . . . . . . . . . 4
HOW TO START-UP SAPM . . . . . . . . . . . . . . . . . . . . 4
DATA INPUT . . . . . . . . . . . . . . . . . . . . . . . . . 4
SAPM MAIN MENU . . . . . . . . . . . . . . . . . . . . . . . 5
SECURITY ANALYSIS . . . . . . . . . . . . . . . . . . . . . 5
PORTFOLIO MANAGER . . . . . . . . . . . . . . . . . . . . . 6
PORTFOLIO REPORTS . . . . . . . . . . . . . . . . . . . . . 7
MISC OPTIONS . . . . . . . . . . . . . . . . . . . . . . . . 7
UTILITIES . . . . . . . . . . . . . . . . . . . . . . . . . 8
ARCHIVE/RETRIEVE . . . . . . . . . . . . . . . . . . . . . . 9
UPDATES . . . . . . . . . . . . . . . . . . . . . . . . . . 9
REGISTRATION . . . . . . . . . . . . . . . . . . . . . . . . 10
3
PREFACE
Do I really need to read the SAPM manual? No - SAPM is self-
contained, self-explanatory, and menu-driven. But to get started
correctly, and to obtain an overview of SAPM you should read
through this short manual.
HOW TO START-UP SAPM
SAPM will work on any IBM compatible computer with at least 128K
of memory and a DOS system disk. To run the program follow these
steps:
1. Turn on your computer.
2. Insert your DOS System disk into Drive A and close the
drive door. The disk should then boot-up, displaying the
normal starting information.
3. Answer the DATE and TIME prompts.
4. Remove the DOS System disk from Drive A.
5. Insert your SAPM disk into Drive A and close the door.
6. At the DOS prompt, type: SAPM.
7. Press ENTER.
DATA INPUT
The following data input procedures are adhered to:
1. Data displayed will be kept if the ENTER key is pressed
without making changes.
2. The RIGHT ARROW key is used to allow the user to use
characters from the current data displayed.
3. The length of the input is highlighted to let the user
know how many characters can be entered.
4. The BACK ARROW key deletes an entered character or
number.
5. Toggle inputs are selected by using the ARROW keys to
highlight a selection then pressing the ENTER key.
4
SAPM MAIN MENU
From this menu you can select the option you want to perform.
You have the choice of disk and file utilities, money management,
exiting, portfolio management, or security analysis. Just press
the number of the option you want or use the arrow keys to go to
that option and press enter.
If you choose to go to the Portfolio Manager section, you will be
prompted for the name of the portfolio you plan to use. Type in
that name but DO NOT use a filename extension (*.xxx). All
portfolio files are stored on the disk with the same filename
extension, '<filename>.SPM'.
SECURITY ANALYSIS
This section performs an analysis of a particular stock using the
principals developed by the National Association of Investors
Corporation (1515 East 11 Mile Rd, Royal Oak, MI 48067). For
help in understanding the analysis output you should obtain a
copy of The Investors Manual for $12 from NAIC.
The data must be initially entered manually. Several test files
are included on the disk to demonstrate typical output. These
files have the filename extension '<filename>.DAT' where the
filename is the corporation's stock symbol.
To start entering data choose option 2. If you are using data
previously saved (a file directory option allows you to view the
files on the logged drive), you can do 'What If?' analysis by
going directly to either the 5 year table or to the earnings
growth entry area by entering the appropriate letter at the
prompt.
Corrections to input errors can be made when you are prompted to
change entered values. An entry of 'T' (table) or 'E' (earnings)
will keep the entered values and position the cursor at either
the 5 year table or the earnings growth entry area. A 'Q' (quit)
entry will return you to the Security Analysis Menu.
To enter data or make corrections in the 5 year table, first
highlight the entry with the arrow key and Press ENTER. Make the
appropriate correction or entry. Then press ENTER again to leave
that particular cell. You may exit from the table at anytime by
pressing either the 'Q' (quit) or 'D' (done) key. Pressing an
'I' in the first cell will insert a new row for imputing the
latest year of data. This comes in handy when you wish to update
an old analysis with recently published data.
The program prompts the user for the following data in the 5 year
5
table:
1. Year
2. Price (high and low)
3. Earning per Share
4. Dividend per Share
5. Book Value per Share
6. Sales
7. % Net Profit Margin (profit divided by sales)
8. Long Term Debt
The input data can be obtained from financial reporting companies
such as Value Line or Standard & Poors. However, some corpora-
tions provide enough historical data in their annual reports to
perform the analysis. The Long Term Debt data and % Net Profit
Margin data should be used in conjunction with the % Earned on
Investment Capital data (calculated) to evaluate management. See
The Investor's Manual on how to do this. Although, it is
possible to conduct the analysis without this data. You are not
restricted to entering Long Term Debt data and % Net Profit
Margin data into their respective columns. If you have some
other yearly data that you would rather have displayed, enter it
in one of those columns. However, you should rename the columns
on the output to the appropriate data name.
The program uses regression analysis to estimate the future
growth rate. To assist the user in determining the usefulness of
the estimated rate, the percentage of past earnings data that
correlates is provided (known statistically as r-squared).
Generally, a 60% correlation is considered good. Anything less
should strongly suggest that a different estimator be used.
Once you are through entering data, the analysis can be conducted
by choosing the first menu option. The output can be either
directed to the screen, printer, or a file. You should also save
your data for future stock analysis. There is no restriction on
the filename or extension which may be used.
PORTFOLIO MANAGER
To start adding transactions select the first menu option. The
first entry will be for the portfolio type. Enter any two letter
combination which describes the portfolio type (eg, 'MF'-Mutual
Fund, 'SK'-Stock, 'BD'-Bond, etc). The next entry is for the
transaction type. One of the following codes must be entered:
1. 'B' - Bought
2. 'S' - Sold
3. 'RD' - Reinvestment Dividend
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4. 'SD' - Stock Dividend
5. 'IC' - Income Dividend
6. 'SS' - Stock Split
7. 'CG' - Capital Gains Distribution Reinvested
8. 'CI' - Capital Gains Distribution Taken as Income
After entry of the appropriate code, you will be prompted for the
information necessary for that particular transaction. You will
be given an opportunity to make entry changes at the end of the
required input.
To change or delete a specific transaction select the second menu
option. You will be prompted for the symbol and transaction
date. Enter them and the first record found matching the entries
will be displayed for deletion or changes.
To view the portfolio transactions select the third menu option.
The records will be individually displayed beginning with the
first one. You can stop viewing records and return to the
portfolio menu at any time by pressing the ESC key.
PORTFOLIO REPORTS
From this menu you can perform the portfolio analysis or print
several transaction reports. You should first select menu option
#6 to change either the output direction (screen, printer, or
file) or the start and end dates if necessary.
Open positions can be analyzed by selecting option #1. You will
be prompted for the current market prices of all open positions.
If you make a mistake during price entry you will be given an
opportunity to make corrections at the end of the input routine.
Pressing the ESC key during any report screen listing will return
you to the report menu.
The following abbreviations are used:
1. P/V or
Shares: Present value or current shares held in the company
2. Book
Price: Current shares / Total BUY cost
3. Book
Value: Total BUY cost of the current shares
7
4. Market
Price: Market value of the security
5. Market
Value: Market price * Current shares
6. Current
Gain/Loss: Market value - Book value
7. % Rtrn: Percent return = Gain (or Loss) / Book value
8. % Url
Gains: Percent unrealized gains (or loss), includes total
BUY cost + total REINVESTED cost
9. % of
Hlds: Percent the security represents of the total portfolio
MISC OPTIONS
From this menu you can perform the following money management
functions:
1. Create an amortization table
2. Calculate a loan payoff
3. Determine the future value of an investment
4. Calculate the current amount required for a desired
amount (Present Value)
5. Calculate and amortize a loan payment
6. Determine the future value of regular additions to an
investment plan (annuity)
Pressing the ESC key during the amortize screen listing will
return you to the misc menu.
UTILITIES
From this menu you are able to perform the following file and
disk procedures: (use the arrow key to make your selection)
1. Delete file - deletes named file.
2. Rename file - renames named file.
8
3. Change file attributes - changes named file attributes
from archive (normal file) to
read only or hidden file.
4. Change drive - changes current disk drive.
5. Change directory - changes current disk directory.
6. Make a directory - creates named disk directory.
7. Remove a directory - deletes named disk directory.
8. Check disk space - checks disk space of current disk
drive.
ARCHIVE/RETRIEVE
A special utility is included with the program to remove
(archive) securities from the transaction file. This may become
necessary when a closed position no longer needs to be analyzed
with the rest of the portfolio. To access the utility, type
ARCHIVE at the DOS prompt. The utility is menu driven and should
not present any problems to the user. Additionally, the user may
use any filename extension desired when naming the output file
(the program will not accept an extension when prompted for the
active portfolio filename). To analyze an archived position
without first retrieving it, the user must rename the file (under
DOS) such that the extension becomes '<filename>.SPM'.
UPDATES/DISTRIBUTION
We hope that the program meets with your approval. If you have
comments or suggestions has how it can be improved, or have
requests that you would like to see added to future updates, you
may forward them to us at the following address:
Greg Morrison and Associates
Financial Consulting Services
PO Box 151
Highwood, Illinois 60040
Full function versions of SAPM, designated as "ShareWare", are
distributed on electronic bullentin boards and by computer clubs.
This keeps our marketing costs low, permitting considerable cost
savings to users. If this is to continue you must register your
copy of the program.
9
INVOICE
TO: Greg Morrison & Associates Date: ____________
PO Box 151
Highwood, Illinois 60040
FROM: _____________________
_____________________
_____________________
_____________________
Quantity Description Cost
-------- ----------------------- -------
1 SAPM (postpaid) $25.00
TOTAL: $25.00
COMMENTS/SUGGESTIONS FOR FUTURE UPDATES:
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
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Directory of PC-SIG Library Disk #1684
Volume in drive A has no label
Directory of A:\
ARCHIVE CHN 15017 5-19-88 2:11p
ARCHIVE COM 26375 3-01-88 3:27p
DJ DAT 866 7-01-84 12:15a
FILE1684 TXT 2517 12-11-89 5:31p
GO BAT 38 1-01-80 1:37a
GO TXT 540 12-12-89 1:39p
MAIN 000 9728 6-08-88 4:52p
MAIN 001 512 6-08-88 4:52p
MAIN 002 3584 6-08-88 4:52p
MAIN 003 768 6-07-88 12:32p
MAIN CHN 46949 6-08-88 3:40p
MANUAL DOC 18983 1-05-89 12:49p
MCD DAT 866 1-15-87 3:01a
MISC CHN 20638 6-06-88 5:06p
READ ME 238 3-28-88 9:55a
SAPM COM 12685 2-28-88 12:35p
SB DAT 866 11-12-87 12:18a
SECURITY CHN 41213 9-21-88 6:10p
UTIL CHN 22904 5-19-88 2:15p
19 file(s) 225287 bytes
88064 bytes free