Free app to analyze and model financial markets

Statmetrics is a free application for investors that will allow you to track, analyze and create models of your share performance.

This detailed app will need Java, but once you’ve got it, it will run on pretty much any system you can throw at it, including Mac and Linux. The Statmetrics developer gives another clue to the breadth of the application’s uses, saying it can be applied to econometric analysis, technical analysis, risk management, portfolio management and even asset allocation.

Statmetrics is a complex program that is definitely aimed at the professional. Getting the software to function correctly takes a significant amount of user input, but help provided by the developer is not exactly comprehensive. When you do manage to input all the variables into Statmetrics, however, you’ll be rewarded with a clear and innovative way of managing, analyzing and forecasting market behavior using a choice of 3 data providers – Yahoo Finance, Google Finance and German Federal Bank.

Among some of Statmetrics’ features are technical analysis, portfolio optimization and risk assessment, and the backbone of the software, econometric analysis and modeling. Statmetrics is not a program for the casual user, but it does integrate quantitative finance technologies and modern econometrics methods to simulate trading and forecast future prices and direction.

Aimed firmly at the serious user, Statmetrics provides a method of evaluating future security prices and market directions based on statistical and chart analysis.