What is Finsheet?

Quick Introduction

Finsheet is a powerful financial data tool designed specifically for investors, traders, and financial analysts who need instant access to live and historical market data. It integrates seamlessly with Excel and Google Sheets, allowing users to pull in data for US stocks, ETFs, mutual funds, cryptocurrencies, and forex pairs. The tool stands out because it requires no coding knowledge; users simply install the add-on and start operating with straightforward functions tailored to each asset class. This makes Finsheet extremely user-friendly, enabling even those with basic spreadsheet skills to tap into institutional-grade data. With over 30 years of market data available, including intraday updates, Finsheet empowers users to conduct in-depth analyses and make informed investment decisions.

Offering a variety of data, including stock fundamentals, historical intraday data, and global financial statements, Finsheet is perfect for both individual investors and professional traders. The add-on simplifies data retrieval processes that traditionally required expensive software or complex coding. In just a few clicks, you can stream live prices, fetch historical performance metrics, and access comprehensive global market information—all within your existing Excel or Google Sheets setup.

Pros and Cons

Pros

• Ease of Use: No coding needed, simple integration with Excel and Google Sheets.
• Comprehensive Data: Over 30 years of market data, including intraday updates.
• Cost-Effective: Different pricing tiers, including a robust free plan suitable for beginners.

Cons

• Limited Free Tier Features: The free plan only provides data for US stocks and limited historical data.
• Pricing Complexity: Various subscription levels might be confusing for some users.
• Integration Limitations: Limited to Excel and Google Sheets, not standalone.

TL;DR

• Offers over 30 years of historical market data, accessible in Excel and Google Sheets.
• No coding knowledge required, easy to use.
• Multiple pricing tiers to fit different needs, including a free plan.

Features and Functionality

• Live Market Data Streaming: Real-time price data for US stocks, ETFs, mutual funds, cryptocurrencies, and forex pairs.
• Historical Data Access: Provides access to over 30 years of historical market data at a 1-minute resolution for detailed analysis.
• Global Market Coverage: Data from global exchanges including LSE, and multiple brokers for forex and cryptocurrencies.
• Fundamentals and Ratios: Financial statements, analyst estimates, and financial ratios for over 61,000 global companies.
• No Coding Required: Functions are easy-to-use and consistent between Excel and Google Sheets.

Integration and Compatibility

Finsheet integrates with two of the most widely used spreadsheet tools: Microsoft Excel and Google Sheets, making it accessible on Mac, Windows, and any web browser. Each add-on offers a seamless connection, ensuring that users can work within their familiar environments without needing to learn new software or coding languages. The consistency of function names between Excel and Google Sheets further smooths this integration.

Benefits and Advantages

• No Learning Curve: Easy for anyone with basic Excel/Google Sheets skills to use.
• Institutional-Grade Data: The same high-quality data used by financial institutions.
• Real-Time and Historical Data: Provides deep historical insights along with real-time market updates.
• Flexibility: Various subscription tiers cater to different user needs, from hobbyists to professional traders.
• Global Coverage: Access to data from multiple global markets and asset classes.

Pricing and Licensing

Finsheet offers multiple pricing tiers to cater to various users:

• Free Plan: Limited data on US stocks, 3 years of historical price data, basic access to fundamentals.
• Basic Plan ($20/month): Includes data for one global region across multiple asset classes, up to 10 years of historical data.
• Plus Plan ($45/month): Comprehensive historical and real-time data for global equities and ETFs.
• Pro Plan ($90/month): Extensive data including mutual funds, bonds, and alternative data sources. Users can opt for monthly or annual billing, with the latter offering a significant discount. Enterprise pricing is available upon request, and substantial discounts are provided for students and educators.

Support and Resources

Finsheet offers ample resources and support to ensure users get the most out of the tool.

Customer service is reachable via email for any technical issues or inquiries. An extensive documentation library serves as a quick reference guide for common questions and troubleshooting. For those looking to deepen their understanding, community forums and user groups provide a platform for discussion and knowledge sharing. The company also offers periodic webinars and tutorials to help users leverage Finsheet’s full capabilities.

Finsheet as an Alternative to:

Compared to tools like Bloomberg Terminal or Refinitiv Eikon, Finsheet offers a more accessible and cost-effective solution. While Bloomberg and Eikon provide comprehensive data and tools, their interfaces can be overwhelming, and their pricing models are often out of reach for individual investors or small firms. Finsheet’s easy integration with Excel and Google Sheets provides a user-friendly platform that delivers high-quality data without the steep learning curve.

Alternatives to Finsheet:

• Alpha Vantage: A good alternative for those needing a RESTful API to retrieve financial data. While it offers robust free and paid plans, it lacks Finsheet’s seamless integration with Excel and Google Sheets.
• Quandl: Excellent for accessing economic and financial data, but requires more technical know-how to integrate with Excel through VBA or PowerQuery scripts.
• Yahoo Finance API: Provides free access to stock market data, but lacks the comprehensive historical data and global coverage that Finsheet offers.

Conclusion

Finsheet excels in making institutional-grade financial data accessible and usable for everyone, from individual investors to professional traders. Its no-coding-required approach, combined with seamless integration into Excel and Google Sheets, ensures ease of use. The tool offers a range of features—including real-time streaming and historical data—that are essential for comprehensive market analysis. With multiple pricing tiers, it caters to a variety of needs and budgets, making it a versatile option for anyone looking to enhance their financial data capabilities.