To back-test data, a dataset is divided into a training portion and a testing portion. The typical split of the data is 50/50 or 66/33. A model is built using the training data.
Our CEO attended the Battlefin event in Miami at the end of January 2018. Attendees included anyone interested in alternative data including the sellside (e.g. Jefferies), strategics (e.g. FactSet, S&P), service providers, consultants etc.
Alternative data is non-traditional data that can be used in the investment process. According to our most sophisticated clients, there are already 1,200 alternative datasets available. We split the datasets into 24 categories.
In January 2018, The Bank of England published a working paper (attached) titled ‘News and Narratives in Financial Systems: Exploiting Big Data for Systemic Risk Assessment.’
On November 30th, 2017, Eagle Alpha organized the first one-day event dedicated to how equity investors are using alternative data. The event was hosted by FactSet at their London offices.
We just published the 3rd Edition of our "Alternative Data: Use Cases" report. The 90-page report details the best applications of alternative data, based on our five years of experience.
We arranged this interview with a provider of geolocation data to learn more about potential applications. The company is connecting real-world signals, from sensors to location data at scale, in one platform.
Eagle Alpha hosted events in NYC (April 26th) and London (July 26th) to discuss the legal considerations of alternative data which were attended by more than 170 people in total.
Deloitte published a new paper (attached) on alternative data discussing adoption, advanced technologies for alpha generation, risks and rewards of using alternative sources. Eagle Alpha is profiled as the leading data vendor. Some key takeaways are presented below:
Socialgist aggregates, organizes, and provides managed access to the rich social media data with their enterprise-level APIs and streaming services. We arranged this interview with Socialgist Managing Partner Mike Madarasz to better understand how the company works with social media data.
We arranged this interview with a provider of in-store and street-level location data to learn more about potential applications.
