Industry Formula in Excel

Use the MarketXLS “Industry” formula in Excel to quickly retrieve the industry within which a public company (or other tradable asset) operates. This function is especially helpful for analyzing stocks or other securities in your Excel spreadsheet, letting you swiftly gather industry information for your research.

Understanding Industry

• Purpose and Use Cases
  The Industry function retrieves the industry category associated with the entered symbol. This helps investors or analysts gain insight into the company’s sector classification for better portfolio diversification and research.

• Key Benefits

  • Instantly fetch the industry for thousands of securities.
  • Combine with other MarketXLS functions (e.g., Sector, Shares Owned) for comprehensive financial analysis.
  • Make informed investment decisions faster with real-time data integration.

• When to Use
  Use Industry whenever you need to categorize your assets by industry or to compare different companies within the same (or competing) industries.

Syntax and Parameters

=Industry(Symbol)

Return Value

• Returns: The name of the industry associated with the specified Symbol.
• Data Type: Text String.
• If Invalid/Not Found: Returns "NA".

?? Note: The Industry function requires a valid MarketXLS license and internet connection for real-time data retrieval.

Examples and Usage

Below are a few practical examples to illustrate how you might use the Industry function in Excel.

1. Basic Usage

   =Industry("MSFT")

   Retrieves the industry for Microsoft stock.

2. Index Symbol

   =Industry("^SPX")

   Attempts to retrieve the industry classification for the S&P 500 index (may return "NA" if not applicable).

3. Option Symbol

   =Industry("@MSFT 110122C00020000")

   Retrieves the industry classification for the specified Microsoft option (may return "NA" if unavailable).

4. Crypto Symbol

   =Industry("BTCUSD:DEFAULT")

   Retrieves the industry for a cryptocurrency symbol, which may return "NA" if not applicable.

? Pro Tip: Combine Industry with other MarketXLS formulas like Sector or MarketCapitalization for enhanced security analysis.

Common Questions

1. What happens if I use an invalid or non-existent symbol?

   • The function will typically return "NA" if the symbol is invalid or not found. Double-check your symbol spelling or source.

2. Does the function support non-U.S. symbols?

   • Yes, many international symbols are supported. Ensure you use the correct exchange suffix (for example, .IN for Indian stocks).

3. How can I improve performance?

   • For large datasets, consider limiting the number of simultaneous calls by batching your queries, or using caching in Excel. Real-time data calls can slow down performance if done excessively.

4. Do I need a MarketXLS subscription?

   • Yes, you need an active MarketXLS license to use this function, as data retrieval occurs through MarketXLS’s online services. Make sure your license is valid and you have an internet connection.

5. Can I reference a cell for the symbol?

   • Absolutely. For instance, if A1 contains the symbol "MSFT", you can write:

     =Industry(A1)

?? Note: Always ensure you have spelled the ticker symbols correctly for accurate results.

If you require more information or additional related functions, consider exploring the following MarketXLS formulas:

• Sector: Returns the sector associated with the entered symbol.
• Float Shares: Returns the number of shares available for trading of a particular stock.
• Market Capitalization: Returns the total market value of a company’s outstanding shares.
• Shares Owned: Returns the number of shares held by the promoters of the company.
• Short Ratio: Returns the ratio of shares held short to the stock’s average trading volume.