Alternative Data News. 23, September 2020
Finding sources and uses for alternative data can be difficult. At CloudQuant we regularly read and search the internet for new sources of data that can be used in our mission to find alpha signals and build quantitative trading strategies. We recognize that we are technology and data junkies so we wrote our own crawler that specifically seeks out web pages, posts, and news articles that give us a snapshot of what is going on in the world of Alt Data. The following is a collection of articles that we think you will find interesting from the past week.
CloudQuant Completes Positive Analysis of Tesseract ETF Alternative Data Set
CloudQuant has completed analysis of Tesseract’s ETF dataset.
Tesseract’s Multidimensional Alpha strategies use sophisticated machine learning methods to better estimate the fundamental factors driving the market across all major equity indices.
Our research has uncovered Significant Alpha in their Dataset.
Alternative data only takes you so far, at some point you have to communicate the result!
There are several great resources for how to display your data but here are a few I have found very useful…
Hopefully you will also find something useful there!
Cloudquant also provides alternative data, including an excellent ESG dataset, head over to our Catalog for more info.
Quants Are Key to Judicious ESG
Meaningful data analysis is critical to the future of socially responsible investing, writes Antonia Lim of Schroders.
Capital allocators have power—and with great power comes great responsibility. As a factor for distinguishing prudent investments, good corporate governance is paramount. In the first half of 2020, £70 billion ($89.5 billion) of net global inflows poured into investments flagged ESG (environmental, social and governance). Meanwhile, other mutual and exchange-traded funds—excluding money market funds—lost almost five times that amount.
It’s the most significant divergence seen to date.
2020-09-22 18:45:07+01:00 Read the full story…
Weighted Interest Score: 4.2945, Raw Interest Score: 3.4137,
Positive Sentiment: 0.6024, Negative Sentiment 0.2008
Cboe Launches Options On S&P 500 ESG Index
Cboe Global Markets launched cash-settled options on the S&P 500 ESG Index (ticker: SPESG). The S&P 500 ESG Index is designed to align investment objectives with environmental, social and governance (ESG) values, and the new index options are a potential tool for investors to implement hedging, risk management, income enhancement and asset allocation strategies. Let’s take a look at some recent findings and trends with ESG investing.
Growth in ESG Investment Mandates : According to a 2020 study issued by Deloitte, the total amount of ESG-mandated professionally managed assets in the U.S. grew from $3.7 trillion in 2012 to $12 trillion in 2018, and the study projected that the amount could grow to around $34.5 trillion in 2025. Add to that the EU’s mandate that financial market participants integrate ESG risks and opportunities in their processes as part of their duty to act in the best interest of clients, and it is clear that ESG principles have a huge impact on worldwide investing.
2020-09-23 06:03:22+00:00 Read the full story…
Weighted Interest Score: 3.6508, Raw Interest Score: 2.0072,
Positive Sentiment: 0.1627, Negative Sentiment 0.0904
Social Issues, Outperformance Are Increasing Interest in ESG Investing
The pandemic and protests are drawing attention to ESG investments, which lost less than the market in Q1.
A strong relative performance in the first quarter of 2020 and heightened awareness over social issues is shining a spotlight on environmental, social and governance (ESG) investing.
ESG investing has drawn more assets each year, and Morningstar data from May shows sustainable fund flows were resilient during the market selloff caused by the coronavirus pandemic. During the first quarter, the global sustainable fund universe pulled in $45.6 billion versus an outflow of $384.7 billion for the overall fund universe, the research firm said. U.S. flows accounted for 23 percent of that first-quarter figure.
Of course, ESG funds lost money during the market selloff, but they lost less than the broader market during that time, performing better on a relative basis, Morningstar said in a different report. During the first quarter, the returns of 70 percent of sustainable equity funds ranked in the top halves of their categories, and 44 percent ranked in their category’s best quartile, the firm said.
2020-09-22 00:00:00 Read the full story…
Weighted Interest Score: 3.5104, Raw Interest Score: 1.8427,
Positive Sentiment: 0.2547, Negative Sentiment 0.2247
Westbeck’s battery-focused fund powered by surging energy transition theme
The Westbeck Volta Fund, a global long/short equity strategy launched last year by London-based energy specialist hedge fund Westbeck Capital to trade the emerging battery revolution, has advanced more than 18 per cent so far in 2020.
The strategy returned 4.8 per cent last month, driven mainly by strong H1 results from Dutch energy equipment provider Alfen Beheer, which saw energy storage and charging infrastructure gains, as well as Livent, LG Chem and Lynas Corporation.
Westbeck said the pace of the energy transition has continued during August, with electric vehicles increasing their market share in Europe – reaching 9 per cent in Q2 this year – while EV sales in China are showing year-on-year growth.
2020-09-21 00:00:00 Read the full story…
Weighted Interest Score: 3.5728, Raw Interest Score: 1.7484,
Positive Sentiment: 0.1900, Negative Sentiment 0.0760
Tesla Battery Day Event News and Meeting Notes
Tesla’s Battery Day event is in a sell-the-news fashion after Elon Musk’s tweets. Today’s shareholders meeting could propel the company’s hot stock even higher.
Electric car maker Tesla (TSLA) – Get Report will hold its annual meeting and Battery Day event beginning at 4:30 p.m. ET. under social distancing guidelines in Palo Alto, California on Tuesday.
TheStreet’s Annie Gaus covered the Tesla Battery Event as the innovative car company announced a new generation of cheaper, more efficient car batteries.
2020-09-22 20:26:33+00:00 Read the full story…
Weighted Interest Score: 2.9261, Raw Interest Score: 1.2110,
Positive Sentiment: 0.1397, Negative Sentiment 0.0932
Python Tool To Visualize Missing Values
Individuals working in the field of Data Science understand the importance of data. Data is the resource to fuel a machine learning model. But raw data in the real world cannot be used without pre-processing them to a usable format. One of the most common problems faced with real-time data is missing values. There are some values in rows and columns that simply do not exist. But, for a good model training, we need the data to be as clean as possible.
Missing values are generally represented with NaN which stands for Not a Number. Although Pandas library provides methods to impute values to these missing rows and columns, we need to be able to understand how, where and how many points of NaN are distributed in the dataset. For this, python introduced a new library called Missingno.
The purpose of this article is to get a better understanding of missing data by visualizing them using Missingno.
2020-09-22 10:30:15+00:00 Read the full story…
Weighted Interest Score: 4.1810, Raw Interest Score: 1.3728,
Positive Sentiment: 0.2789, Negative Sentiment 0.0215
CloudQuant Thoughts : This is quite a nice looking, helpful little library!
Ravenpack enters data visualisation market with US election tracking tool
RavenPack, a leading big data analytics provider, has partnered with Cosaic, a leader in the field of interactive visualization tools, to create an entirely new way to visualize unstructured data.
The partnership confirms RavenPack’s mission to give meaning to big data and allow users to quickly extract value and insights from large amounts of information. Cosaic’s powerful ChartIQ charts can be found on millions of screens around the world, from online brokerages to leading financial institutions.
2020-09-23 12:32:00 Read the full story…
Weighted Interest Score: 5.9140, Raw Interest Score: 1.4663,
Positive Sentiment: 0.5376, Negative Sentiment 0.0489
CloudQuant Thoughts : Whole article has no actual link to the new site! Ravenpack 2020 Election page.
Open Data Campaign: Exploring the power of open data (Microsoft)
In April, we announced the launch of the Open Data Campaign to close the “data divide” and ensure that organizations of all sizes have access to the data they need to innovate with artificial intelligence (AI). To demonstrate the importance of being more open with data and the need to share data to address pressing issues, we committed to the development of 20 data collaborations by 2022. Through these collaborations, we will work with partners to address issues that are “top of mind” and require urgent action. One thing remains true in these uncertain times: To tackle the pressing societal issues we face today – everything from climate change to COVID-19, justice reform to digital access – people and organizations need access to the data that can help unlock the power of innovation and technology.
The past several months have accelerated this work in many ways, and we are learning a lot. The campaign launched just as the world was grappling with the COVID-19 pandemic, and the value of being more open with data become clear in new, undeniable ways. For example, The Alan Turing Institute had been leading an air quality project, with the support of Microsoft’s AI for Earth program, collecting data from across London to understand air pollution. As the summer progressed, however, the institute discovered that analysis of these same data streams could also be used to understand London’s “busyness” as COVID-19 restrictions were eased. It’s just one example of how open data and data collaboration can provide valuable insights beyond their initial focus.
2020-09-22 00:00:00 Read the full story…
Weighted Interest Score: 2.6748, Raw Interest Score: 1.6277,
Positive Sentiment: 0.4674, Negative Sentiment 0.2256
CloudQuant Thoughts : It is great to see a company like Microsoft pursuing such a noble cause. “As PWC recently estimated, more than 70% of the economic value from AI could flow to only two countries, US and China.” – Brad Smith, Microsoft Open Data Launch Video April 2020.
How Cryptocurrency Is Benefiting From Big Data Analytics
The concept of cryptocurrency is still foreign to so many in the United States and around the world. There is a lot more mass appeal of cryptocurrencies like Bitcoin, Litecoin, and others. Generally speaking, though, they are still mysterious in the eyes of the common individual. In the cryptocurrency market, we are starting to see the emergency and convergence of crypto and big data analytics. For those that know more than the average individual when it comes to crypto, you know big data analytics potential is out there. Let us dig a bit deeper into some of the potential gains possible when you combine the big data initiatives with cryptocurrency.
One of the biggest hurdles to getting into the cryptocurrency market is the need to secure the blockchain for investors and users alike. Cryptocurrencies are being used more and more by consumers to purchase products and services. Without adequate security, it can be hard for a businesses and consumers to invest in using these digital currencies.
2020-09-23 12:07:47+00:00 Read the full story…
Weighted Interest Score: 5.0706, Raw Interest Score: 1.8105,
Positive Sentiment: 0.2822, Negative Sentiment 0.1881
IIT Madras Develops AI Models to Process Text In 11 Indian Regional Languages
Indian Institute of Technology Madras Faculty has developed artificial intelligence models and datasets to process texts in 11 Indian regional languages. The project has been taken up jointly with AI4Bharat, a platform for building AI solutions for problems of relevance to India.
The researchers from IIT Madras and AI4Bharat released AI models and datasets for the following languages — Tamil, Hindi, Malayalam, Telugu, Kannada, Punjabi, Bengali, Odia, Assamese, Gujarati, and Marathi. The multilingual AI models and datasets developed through this initiative will provide the essential building blocks to students, faculty, start-ups and industry to work on Indian language tools and push the frontiers of technology.
The faculty have made these cutting-edge resources open-source and completely free of cost, which can be accessed by anyone. These models are freely available and can be downloaded from a Github repository. An accompanying research paper describing the research methodologies and evaluation have been accepted at EMNLP-Findings.
2020-09-22 07:15:31+00:00 Read the full story…
Weighted Interest Score: 4.0106, Raw Interest Score: 1.9729,
Positive Sentiment: 0.2255, Negative Sentiment 0.1691
Streamlined data sharing for the future
As hedge funds become more comfortable with cloud database technology, the opportunity for new, more efficient ways of sharing data between organisations is starting to become a reality.
Across the hedge fund industry, several data exchange processes remain tied to legacy systems. There are established ways of how data moves between buy-side and sell-side firms, primarily via data files. However, according to Dmitry Miller, SVP of Product Management at Arcesium, change is on the horizon.
“I anticipate more data exchange processes in the industry will move to leverage cloud technology,” he comments. “Going forward, many traditional or legacy processes will start shifting to a more modern set of technologies. One such technology is Snowflake Data Share, which allows for seamless data publication between firms. With this scenario, everyone wins as it’s a simpler process for the sender of the data, and the receiver is satisfied because consuming that data becomes a lot easier.”
2020-09-23 00:00:00 Read the full story…
Weighted Interest Score: 2.9139, Raw Interest Score: 1.5625,
Positive Sentiment: 0.2956, Negative Sentiment 0.0845
Banks Are Increasingly Embracing Cloud & Open-Source For Machine Learning: Muraleedhar Ramapai Of Maveric Systems
Founded in 2000, Maveric Systems is a software engineering services company that works across financial platforms, banking solutions, data technologies and regulatory systems. The firm has offices around the globe to serve their banking partners spanning across 15 countries, along with a dedicated offshore delivery and research centres in Bengaluru, Chennai, and Singapore.
The company initially offered testing services to banks and financial institutions but, by 2012, Maveric Systems expanded into other areas like software development, analytics and digital platform architecture for banking domain specialisation.
We connected with Muraleedhar Ramapai, Executive Director of Data at Maveric Systems to know more about innovations that banks worldwide are exploring, including data analytics and open-source machine learning frameworks. Here are the excerpts:
2020-09-21 04:30:00+00:00 Read the full story…
Weighted Interest Score: 2.7820, Raw Interest Score: 1.3304,
Positive Sentiment: 0.2469, Negative Sentiment 0.0549
Costco Sells Its Way Into Attractive Rating
Costco Wholesale Corp is yet another success story borne out of the pandemic – though they didn’t need the pandemic to keep ahead of the competition. Although Costco is currently trading up at a healthy 17.3% for the year, this big box retailer is one of a few that has consistently seen returns that outperform the larger market.
In fact, over the past ten years, Costco’s return in the market is double that of the S&P 500, with a total 65% annual returns throughout this time. The pandemic has only strengthened their position.
Historically, this has made Costco not only a fantastic defensive position, but a fit for almost any portfolio. As a retailer that sells just about everything – kitchen sink included – they can weather any number of unprecedented situations.
2020-09-22 00:00:00 Read the full story…
Weighted Interest Score: 2.6405, Raw Interest Score: 1.1342,
Positive Sentiment: 0.4537, Negative Sentiment 0.1512
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