The preliminary results look promising: the system chose a number of stocks six months ago and it yielded more than 30% since. The startup is now waiting for certain patents that involve AI and bots while also closing a private funding round.
Gene Ekster, CFA is Eagle Alpha’s advisory panel member who works with asset management firms and data providers in a consulting capacity to help integrate alternative data into the investment process.
Twitter data is used by financial industry professionals in a variety of ways. It has been extensively used for fundamental and consumer analysis since the SEC confirmed that companies could use Twitter to announce key information.
Matt Granade stated that alternative data is useful for generating new alpha. He said: "It is a real change from how investing used to work."
On the 15th of July, we produced a research note on the US toy market highlighting “… pressure on licensed brands [as] a headwind for Hasbro in the US.” We showed that Hasbro had lost share amongst the bestselling boys’ toys in the US.
Eagle Alpha has spent over 2 years perfecting indices based on online search activity. By creating baskets of online search terms related to certain topics, Eagle Alpha can build indices that improve existing models and indicators with clients also being able to create proprietary indices.
Jeff Glueck, Foursquare's CEO, published an analysis of the American theme park market using the company's foot traffic data: "We took a look at our data set, which covers both explicit “check-ins” and passive location trails from users who have opted-in to background location use.
Foursquare introduced Attribution, a dashboard that companies can use in order to analyze marketing campaigns and gain real-time insights.
On the 3rd of June, we published a research report on Activision Blizzard highlighting the potential success of the company’s latest game, Overwatch.
Investors started noticing gaps and inconsistencies in the official figures since the Central Committee for Disciplinary Inspection (CCDI) started investigating the National Bureau of Statistics 8 months ago. The uncertainty about the official figures has created demand for “proxy” indicators.
Citadel's new hire and former Microsoft COO, Kevin Turner, will be in charge of the company's securities business, a market-maker that often processes more than a billion equity shares per day.
