Level rate indicator (Historical) Formula in Excel

The Level rate indicator (Historical) formula in Excel with MarketXLS lets you quickly retrieve a company’s leveraging rate indicator for a specified year and quarter. By referencing real-time or historical fundamentals, this function helps you analyze long-term trends and make more informed investment decisions. Use it to track leverage-related metrics over multiple time frames, including trailing twelve months (TTM).

Understanding Level rate indicator (Historical)

• Purpose: Fetch historical leverage rate indicator data for a given security (stocks, indices, options, crypto).
• Key Benefits:
  • Compare leverage factors across different time periods.
  • Easily incorporate TTM, last quarter, or last year parameters for dynamic reporting.
  • Automate fundamental analysis in Excel without manual data entry.
• When to Use:
  • Evaluating changes in a firm’s leverage position over time.
  • Comparing historical quarter or yearly metrics to spot trends.
  • Incorporating fundamental analysis into your investment workflows.

Syntax and Parameters

=hf_Level_Rate_Indicator(Symbol, year, [quarter], [TTM])

• Return Value:
  Typically returns a numeric value. If the symbol is invalid, or if your license is not valid, the function returns "NA".

• Error Handling:

  • If Symbol is missing or invalid, the function returns "NA".
  • If your license type does not support this data, the function returns "NA".

• Special Cases:

  • You can specify "ly", "lq", or "lt" to reference last year, last quarter, or last twelve months, respectively.
  • Adding “-1” after these references (e.g., "lq-1") fetches data one period further back.

?? Note: Data retrieval may take additional time when processing trailing multiples or repeated requests for extended historical ranges.

Examples and Usage

Below are various practical ways to use the hf_Level_Rate_Indicator function:

=hf_Level_Rate_Indicator("MSFT", 2022)

Returns the level rate indicator for Microsoft in the year 2022.

=hf_Level_Rate_Indicator("MSFT", 2022, 2)

Returns the indicator for Microsoft in Q2 of 2022.

=hf_Level_Rate_Indicator("MSFT", 2022, 3, "TTM")

Returns the trailing twelve months (TTM) value ending in Q3 of 2022 for Microsoft.

=hf_Level_Rate_Indicator("MSFT", "lq-1")

Returns the value for Microsoft from one quarter before the last reported quarter.

? Pro Tip: You can reference a cell for any parameter to dynamically update your sheet: If cell A1 contains “MSFT” and A2 contains “2023”, use:
=hf_Level_Rate_Indicator(A1, A2)

Symbol Format Examples

• Regular symbols:
  =hf_Level_Rate_Indicator("MSFT", 2022)
• Indices:
  =hf_Level_Rate_Indicator("^SPX", "ly")
• Options:
  =hf_Level_Rate_Indicator("@MSFT 110122C00020000", 2023, 2)
• Crypto:
  =hf_Level_Rate_Indicator("BTCUSD:DEFAULT", "lt-1")

?? Note: Ensure your symbol format matches the provider’s naming standard for accurate data retrieval.

Common Questions

1. Why do I get “NA” for certain quarters?

   • The data might be unavailable, the symbol is invalid, or your subscription plan does not support this metric.

2. How can I speed up calculation?

   • Minimize repeated calls by referencing cell ranges for multiple parameters. MarketXLS also temporarily caches certain data to improve performance.

3. Do I need to specify both year and quarter for TTM?

   • Yes, supply both to identify the exact trailing twelve months. If omitted, TTM is ignored, and the function returns a standard historical value.

4. Can I use cell references for the year?

   • Absolutely. For instance, if cell A3 stores the year “2024,” you can write: =hf_Level_Rate_Indicator("MSFT", A3, 1, "TTM")

• Best Practices:
  • Use the TTM feature sparingly to avoid lengthy recalculation times.
  • When analyzing multiple symbols, reference symbols in cells to quickly update your worksheet with new tickers.

?? Note: If you frequently receive “NA,” verify that your MarketXLS subscription includes access to historical fundamentals for your chosen symbol.