Learning path

Jupick sums up financial condition in a single letter from S to D. Once you know what that letter summarizes and what it does not say, the rest gets easier.

• 01Reading gradesWhat S to D each mean and what they do not sayGuide
• 02Using grades wellHow far to trust a grade and how to read itGuide
• 03Grade labSee for yourself how moving the metrics changes the gradeTool
• 04The score range one grade letter coversWhy two Bs can sit at the top and at the bottom of the bandGuide

The metrics behind the grade come from the financial statements. Go down one layer at a time: how line items become metrics through division, and how metrics become scores.

• 05Financial statement basicsThe balance sheet, income statement and cash flow statement at a glanceGuide
• 06Statement labEnter line items and see how the five ratios come outTool
• 07Scoring curve explorerSee on a curve how many points a metric value earnsTool
• 08Last year's statements next to today's priceWhy the price and the financials are not from the same momentGuide

Go through the metrics in the grade and the valuation metrics shown beside it, one by one. Once you know what each measures and how to read it, the numbers start to make sense.

• 09Metrics at a glanceSkim the meaning, formula and Korean median of every metric on one page firstTool
• 10PERHow many times earnings the price isGuide
• 11PBRHow many times book value the price isGuide
• 12ROEHow much profit equity producedGuide
• 13Debt ratioHow heavy debt is relative to equityGuide
• 14Dividend yieldHow large the dividend is relative to the priceGuide

After reading comes hands-on work. Connect the whole process from financial statements to grade, compare two companies, and check where a value sits in the distribution.

• 15From financial statements to gradeThe whole process connected in one lineTool
• 16Compare two companiesWhat separates their grades, side by sideTool
• 17Grade quizLearn by guessing grades from financials aloneTool
• 18Percentile explorerWhere your number sits in the distributionTool

Numbers have to be read honestly. Knowing where common beliefs and the data part ways, and the traps of blanks and timing, keeps you from leaning too hard on grades and metrics.

• 19Is a low-PER stock a good company?PER and grades set side by side across major stocksGuide
• 20Has a high-dividend company given up on growth?Dividends and growth, measuredGuide
• 21Three faces under one badgeArea-level mismatches the overall grade hidesGuide
• 22Blanks come in kindsWhy the same blank can mean different thingsGuide
• 23What a price change is measured againstThe reference point differs by assetGuide
• 24Earnings with one-off items mixed inWhen one year's PER and ROE swing togetherGuide
• 25Share buybacks and cancellationsWhy EPS and ROE move even when profit stays the sameGuide
• 26What the base effect isWhen this year's growth looks large because last year was lowGuide
• 27What the holding company discount isWhen the metrics are not one company's aloneGuide
• 28What free data Jupick is built onA map of the sources and their limitsGuide

Beyond a single stock, look at the market as a whole: how the watchlist is made up, what the map and themes slice out, and how to read news and indices.

• 29The watchlist in numbersGrades, markets and measured values summed up at a glanceTool
• 30Market heatmapToday's moves as market cap tilesTool
• 31Stocks by themeHow to read lists grouped by a metricTool
• 32Reading the asset correlation tableOne number for having moved togetherGuide
• 33News sentiment classifierHow headlines are sorted into positive and negativeTool
• 34Indices and market breadthWhat a single index does not showGuide

Stocks are not the only assets. Coins are graded on market structure without financial statements, and an exchange rate is the rate at which two currencies trade. See what each measures and how to read it.

• 35Coin market capCirculating supply times price, size on a log scaleGuide
• 36Coin liquidity and turnoverWhy trading volume is divided by market capGuide
• 37Coin volatility and the stability scoreWhy coins swing, and why the stability score is not safetyGuide
• 38What an exchange rate isWhen KRW/USD goes up, the won has weakenedGuide
• 39What moves exchange ratesInterest rates, trade and risk appetite in the backgroundGuide
• 40Reading exchange rate statisticsPeriod changes and the 52-week positionGuide