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culverauthorA Simple Formula to Get Stock Prices in Excel
Investing in the stock market can be a complex and time-consuming process, especially when trying to keep track of the ever-changing prices of various stocks. One way to simplify this process is by using Microsoft Excel to create a formula that automatically updates the stock prices based on real-time market data. In this article, we will explore a simple formula to get stock prices in Excel, making it easier for you to keep track of your investment portfolio.
Formula Overview
The formula we will be using in this article is called an "automatically updating" formula, also known as an "interactive" formula. This formula allows you to input the stock symbol, exchange rate, and the number of shares you own, and it will then display the current price of those shares in Excel. This formula can be particularly helpful for those who track multiple stocks or need to quickly update their investment values.
Step-by-Step Guide to Creating the Formula
1. Open a new Excel workbook and enter your stock symbol, exchange rate, and the number of shares you own. For example, if you own 100 shares of Apple Inc. (AAPL), you would enter "AAPL", 1, and 100 in separate cells.
2. Next, enter the URL of a real-time stock price API, such as Yahoo Finance, in a new cell. For example, you can enter "https://finance.yahoo.com/quote/AAPL/history?p=AAPL" for Apple Inc. stock.
3. Highlight the cells containing your stock symbol, exchange rate, and share count, and copy them to the cell containing the URL.
4. Paste the real-time stock price data into the cells you copied from step 1, overwriting the original data.
5. To update the stock prices automatically, select the cells containing the stock symbol, exchange rate, and share count, and click the "Formula" option in the "Home" tab of the "Edit" menu.
6. Choose the "Auto Sum" option from the drop-down menu that appears. This will create an automatic formula that updates the stock price based on real-time market data.
7. To stop the automatic updates, simply right-click on the formula cell and select "Stop Autos"; to restart the updates, repeat steps 4-6.
Using this simple formula, you can easily get stock prices in Excel, making it easier to track your investment portfolio. By automatically updating the prices based on real-time market data, you can stay informed about the value of your stocks, making more informed decisions about your investments. Try this formula out and see how it can help you streamline your investment tracking process.