Are you interested in using a Stock Information API? Would you like to learn in which cases its use would be useful? Well, in this post, we will explain the main uses of an API related to offering stock prices. We will even provide you with an API that will help you with that.
Stocks are units of ownership in one or more companies. The owner, known as a shareholder, will also have the right to obtain a part of the company’s profits if dividends are paid, as well as voting rights if granted by the company. “Stocks” is generally used to refer to holdings in various companies. On the other hand, the plural term “shares” is understood as the ownership units in a specific company.
Stocks offer you direct exposure to a company’s performance. The stock value will go up when the company’s performance is good and will go down when it’s not. When you invest in stocks, you gain direct ownership of the assets. Those who want to open a long-term position with the expectation that the value of the company’s shares will appreciate, prefer the investment. This is because if a company grows and its value increases, its shares are likely to rise as well. Being a shareholder in this case means that you make a profit if you sell your shares for a higher price than you paid for them. However, as the value of investments can go down as well as up, you could receive less than you initially invested if the company’s share price falls at the time you close your position.
Due to the above, it is important that shareholders have a Stock Information API. These types of APIs are the most used by investors since they allow them to correctly analyze the market. And one of the most used tools is Stocks API. We will show you the main reasons why you should use this system.
Most common use cases of Stocks API!
We assure you that Stocks API has a lot of uses! First, this tool offers many options for investors to get a more accurate analysis of the situation. For example, it offers the possibility of obtaining historical prices up to 20 years past. Old prices are important as they will allow you to create charts, comparisons, and much more. This helps many people choose the right time to invest in a company.
Another well-known use is for short-term investors, or better said, investors who invest only a few hours. There are people who prefer not to take long-term positions and invest a huge amount of money and then sell their shares after a few minutes. This strategy is known as Intraday. The objective is to obtain a small percentage of profit. If this process is repeated successfully for several days, in the end, the profit will be significant. And intraday trading is something that Stocks API offers. You can get prices every 1 minute, 5 minutes, 15 minutes or 30 minutes, you decide the time.
Another very famous use case is the creation of a price-tracking platform. Thanks to its characteristics, customers who use this platform will be able to access completely updated prices! If you are interested in purchasing these services, we advise you to contact customer service right away and purchase one of the paid plans!