Top-down equity research, from Africa to the world.
Country → sector → company → risk → portfolio, across 25 supported exchanges — from Johannesburg, Lagos and Nairobi to London and New York — with cited sources and transparent limitations at every step.
The method
Top-Down Equity Research — End-to-End
Five stages, narrowing from the macro environment to a sized position. Run them in sequence for a full research file, or open any one on its own — each stage produces an exportable output the next stage can start from.
- 01
Country
Which markets are worth investing in at all?
→ A ranked country shortlist
- 02
Sector
Which industries inside them are strengthening?
→ Sector growth and stability
- 03
Company
Which businesses earn their cost of capital?
→ ROE decomposition and value
- 04
Risk
Is the return paying for the risk taken?
→ Beta, alpha and volatility
- 05
Portfolio
How should the positions sit together?
→ Allocation and diversification
Find a stock exchange
Search 180 exchanges worldwide. The 25 supported venues open onto a full profile; the rest are marked not supported, with no data shown or estimated for them.
African markets on the platform
The markets today
All exchanges →Retrieving live index levels…
The modules
Every stage above, plus the reference modules and the news · Image credits
Global Stock Exchanges
A directory of the world’s major stock exchanges. Open one to see how it works — what it lists, when it trades, which indices track it, what today’s strongest performers are doing, and what an investor needs in order to trade there.
PESTEL Analysis
Evaluate how Political, Economic, Social, Technological, Legal and Environmental factors influence a company, industry or country’s investment environment. This analysis helps investors understand external opportunities, risks and long-term market conditions.
Industry Analysis
Research and compare industries in any country — performance and growth trends, contribution to GDP, future growth potential and the reasons behind them, the companies operating in each, competitive forces, risks, regulation and outlook — from government statistics, central banks, international organisations, Investopedia and the financial press, with every source listed.
Fundamental Analysis
Evaluate a company’s financial performance, profitability, balance-sheet strength and long-term value to support investment decisions. Search for any listed company and the platform retrieves its filings, market data and listed peers, then works through performance, profitability and financial strength, cash flow, peer comparison and valuation.
Risk & Return
Identify the market, systematic and stock-specific risks that could affect an investment, and measure whether its return has compensated for them. Helps investors size positions and judge whether a holding is earning its risk.
ETF & Portfolio Analysis
Review diversification, concentration, tracking accuracy and risk-adjusted performance across funds to help optimise an investment strategy. Helps investors see whether a fund is delivering the exposure and efficiency it promises.
Investment Dictionary
Look up any investment or finance term and get a plain-English explanation with an example. Hundreds of terms are built in; anything else is retrieved from reliable sources such as Investopedia, the CFA Institute and regulators, with the sources shown, and added to the dictionary for the next reader.
Business News
Business, markets and economy headlines from leading outlets — Bloomberg, The Wall Street Journal, The New York Times, the Financial Times, The Economist, Reuters and trusted regional publishers — tailored to the country you are reading from.
Image credits
- Global Stock Exchanges: Johannesburg Stock Exchange by Andres de Wet, CC BY-SA 3.0 (cropped to landscape, resized to 1200px and recompressed)
- PESTEL Analysis: African Countries flag by Oludeleadewalephotography, CC BY-SA 4.0 (resized to 1200px and recompressed)
- Industry Analysis: Durban container port by Media Club, CC BY-SA 2.0 (resized to 1200px and recompressed)
- Fundamental Analysis: Standard Bank Headquarters Office at Johannesburg by shi zhao, CC BY-SA 2.0 (resized to 1200px and recompressed)
- Risk & Return: Zimbabwe Hyperinflation 2008 notes by Discott, Public domain (resized to 1200px and recompressed)
- ETF & Portfolio Analysis: Aerial view of the Nairobi skyline from the KICC rooftop at golden hour by Lebu Ayiga, CC BY-SA 4.0 (resized to 1200px and recompressed)
- Investment Dictionary: Kwame Nkrumah Centenary Library in Bagabaga College of Education, Tamale by Togs-sida, CC BY-SA 4.0 (resized to 1200px and recompressed)
- Business News: Nigerian tabloid vendor by Orji Favour Chisom, CC BY-SA 4.0 (resized to 1200px and recompressed)
- Overview header: Stock exchange trading floor (Nigerian Stock Exchange, Lagos) by S.aderogba, CC BY-SA 4.0
- Flags: national flags from flagcdn.com (public domain), served locally. Full credits