Alternative Data News. 21, October 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.
Visit the CloudQuant Virtual booth at The Trading Show Europe
Tomorrow October 22nd 2020 starting 9am GMT, 5am EST
CloudQuant will be at The Trading Show Europe 2020 tomorrow. Registration is free. Be sure to swing by to discuss your data needs or how we can help you to distribute your Alternative Date Set to the widest possible audience in the financial industry.
In the last two weeks our researchers have released a number of White Papers proving the attainable Alpha contained in a number of the datasets we represent. Head over to our White Paper Repository for more info or jump to our Data Catalog to see the wide range of datasets we represent.
We look forward to meeting you!
CloudQuant Thoughts : Registration is Free, come along and take a look around. We have work with the Trading Show before and it is always interesting, lots of educational presentations and panels.
CloudQuant and Crux enter into a ground-breaking strategic partnership
The agreement will enable CloudQuant’s PaaS analytics clients and Liberator(™) data firehose clients to quickly trial, onboard, and analyze data from Crux’s expansive network of data suppliers. The partnership enables end-users to access novel datasets, analysis tools, and expertise to quickly transform data into profits.
“Crux’s rapidly growing catalog of Alternative Data exponentially increases the amount of information we can research, backtest and showcase to investment managers and quantitative analysts,” said Morgan Slade, CloudQuant CEO.
CloudQuant Thoughts : We have been working with CRUX on this for some time and are finally able to make this partnership official. Crux give data scientists access to a huge variety of datasets and CloudQuant make that access as easy as π.
TSA checkpoint numbers exceed One Million for the first time since the start of the Covid outbreak!
CloudQuant Thoughts : It is great to see the Airline numbers finally get back above 1 million. However, if the surge in cases in Europe is replicated here it may start to pull it back down.
JobLink Data – Salary vs Experience and Education
Name of the dataset : JobLink Job Details
Data vendor : Quandl together with provider of labor market data
Time range : 2018-05-01 – 2019-04-03
What is shown : Distribution of log values as well as z-scores of minimum Salary ($K), minimum required Working Experience (years), minimum required Education level (score from 1 to 10) for Business and Financial Operations jobs and Finance and Insurance Industry overall. As can be seen from the charts, Minimum Salary, Experience and Education are highly correlated on both the job and industry levels.
CloudQuant Thoughts : For a change, we have a “Data Is Beautiful” post by one of our own researchers! Enjoy!
America’s Pandemic Progression in 60 Seconds (Make that 5 seconds, I am in a hurry!)
Counties are shaded based on how many new cases they’ve added within the past week per 10,000 people. The curve below the map shows a weekly average of daily new cases for the entire country.
CloudQuant Thoughts : Original was 60 seconds and much higher resolution, I cut it down and speeded it up here and I froze it on the last image. A very nice animation of data, makes it quite clear to the viewer what is going on. Wisconsin is in trouble!
At CloudQuant we research and distribute Alternative Data Sets. Our aim is to make the process from “Data decision” to “Profit” as rapid as possible for the data consumer. We have an ETF dataset in our catalog that has demonstrated impressive performance over the last few years. Head over to our Data Catalog to find out more.
SSGA Launches Two Core ESG Fixed Income ETFs
State Street Global Advisors (SSGA), the asset management business of State Street Corporatio, today announces the launch of the SPDR Bloomberg SASB Euro Corporate ESG UCITS ETF (SPPR GY). A SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU GY) will also launch on Monday 26 October. Together, the two new ETFs will provide access to European and U.S. Investment Grade corporate bonds transparently and efficiently, tracking proprietary index methodologies developed by Bloomberg Indices in collaboration with the Sustainability Accounting Standards Board (SASB).
The fixed income ETFs, SPPR GY and SPPU GY, seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Bloomberg SASB Euro Corporate and U.S. Corporate ESG Ex-Controversies Select Indexes, while pursuing an effective, positively screened and benchmark aware ESG methodology.
2020-10-19 05:22:12+00:00 Read the full story…
Weighted Interest Score: 4.3908, Raw Interest Score: 2.1662,
Positive Sentiment: 0.3016, Negative Sentiment 0.1645
Gorman Says ESG Is ‘Not A Fad’
James Gorman, chairman and chief executive of Morgan Stanley, said the increase in interest in environmental, social and governance strategies is exploding and provides an extraordinary growth opportunity.
Gorman spoke as SIFMA’s 2020 Annual Meeting, The Virtual Capital Markets Conference, today. He said: “ESG is not a fad as it is what clients want. Interest is exploding and I am not surprised as investors want to go with their heart.”
In 2014 the bank set up the Morgan Stanley Institute for Sustainable Investing, with an independent advisory board, to bring together all the sustainable initiatives across the firm and to help mobilize capital to finance the transition to a green economy.
2020-10-19 13:48:46+00:00 Read the full story…
Weighted Interest Score: 3.7726, Raw Interest Score: 2.1894,
Positive Sentiment: 0.1916, Negative Sentiment 0.0821
FactSet agrees to buy ESG data firm TruValue
Financial analytics vendor FactSet has agreed to buy AI-driven environmental, social, and governance (ESG) data outfit Truvalue Labs. Financial terms of the deal were not disclosed.
San Francisco-based TruValue applies AI-driven technology to over 100,000 unstructured text sources in 13 languages, including news, trade journals, and nongovernmental organisations and industry reports, to provide daily signals that identify positive and negative ESG behaviour.
The firm’s coverage spans over 19…
2020-10-20 13:16:00 Read the full story…
Weighted Interest Score: 3.7588, Raw Interest Score: 1.8794,
Positive Sentiment: 0.1566, Negative Sentiment 0.2349
Analysis: Green is the color of money for funds betting on a Biden win
NEW YORK (Reuters) – Fund managers betting that green-type stocks with environmental, social and governance (ESG) credentials will benefit from an expected win by Democrat Joe Biden in the U.S. presidential election are also looking at a swathe of other companies expected to rise along with them.
Portfolio managers from firms including Gabelli, Fairpointe Capital and Eaton Vance are moving into the shares of companies ranging from semiconductors to industrial equipment to utilities in anticipation of a future Biden administration. The former vice president leads President Trump by 10 points nationally.
Biden has proposed spending here $2 trillion over his first four-year term to combat climate change, including upgrading buildings for energy efficiency and installing more than 500,000 electric vehicle charging stations by 2030.
2020-10-21 10:03:39+00:00 Read the full story…
Weighted Interest Score: 2.9602, Raw Interest Score: 1.2438,
Positive Sentiment: 0.3483, Negative Sentiment 0.0498
Stock Market Outcomes Are Currently Bernoulli Distributed
We currently stand at a crossroads. Stimulus or no stimulus? Vaccine or no vaccine? A growing wave of COVID and hospitalizations or a quick plateau?
These questions are currently unanswerable — everyone has an opinion but nobody has the answer.
This vast uncertainty about the future is why the VIX (which measures the expected forward volatility, a.k.a. annualized standard deviation, of the S&P 500’s returns) has remained stubbornly elevated despite stock markets hovering near all-time highs.
What is The VIX And Why Should We Care? : Finance and data science have a ton of overlap. I go into much more detail in the previously linked post but let’s quickly go over what the VIX is. The VIX is the implied volatility of the S&P 500. In other words, it’s the annualized standard deviation of the S&P 500’s return (over the next 30 days) expected by the market. It’s calculated via the prices of a basket of options on the S&P 500 (implied volatility is a key …
2020-10-21 12:20:17.128000+00:00 Read the full story…
Weighted Interest Score: 10.9091, Raw Interest Score: 2.1240,
Positive Sentiment: 0.0685, Negative Sentiment 0.3083
Investor interest in hedge funds grows as quarterly inflows surge between July and September
Investor confidence in hedge funds appears to be on the rise, with allocators pouring in some USD13 billion between July and September, the first quarterly net inflow into the industry in two-and-a-half years.
New data published by Hedge Fund Research shows the industry on the whole drew positive net inflows for the first time since Q1 2018, with third quarter allocations – dominated by macro and relative value strategies – bringing the total amount of industry capital globally to some USD3.31 trillion.
2020-10-21 00:00:00 Read the full story…
Weighted Interest Score: 6.7208, Raw Interest Score: 3.1136,
Positive Sentiment: 0.1122, Negative Sentiment 0.0842
Predictive Analytics Made Last Summer The Season Of Altcoins
Experts have always considered whether big data might make a difference in the trajectory of altcoins – and as it turns out, their intuition was correct. Altcoins’ path to success has been largely because of predictive analytics’ indication that they would succeed.
Data analytics has been the basis for the cryptocurrency market for years. In 2018, a study from the University of Bremen in Germany discussed some of the implications of big data for the altcoin industry. They found that predictive analytics algorithms were using social media data to forecast asset prices.
Predictive analytics have become even more influential in the future of altcoins in 2020. Recently, this summer has been dubbed the “season of altcoins.” This wouldn’t have been the case without growing advances in big data and predictive analytics capabilities.
2020-10-13 14:04:00+00:00 Read the full story…
Weighted Interest Score: 5.3457, Raw Interest Score: 2.2546,
Positive Sentiment: 0.3304, Negative Sentiment 0.0583
ProShares Launches ETF Focused on Transformational Changes: Portfolio Products
ProShares has launched the Transformational Changes ETF (ANEW) which invests in companies that “may benefit from transformational changes in how we work, take care of our health, and consume and connect—changes accelerated by COVID-19,” according to the company.
ANEW is listed on the New York Stock Exchange, has a 0.45% net expense ratio and invests in companies involved with one or more of four key transformational themes, as determined by MSCI: Future of Work, Genomics & Telehealth, Digital Consumer and Food Revolution.
“ANEW is designed to harness the potential growth of these companies as they reshape our new world,” said ProShares CEO Michael L. Sapir in a statement. The new ETF joins other ProShares ETFs investing in retail disruption, infrastructure and pet care, ProShares said.
2020-10-19 00:00:00 Read the full story…
Weighted Interest Score: 4.9888, Raw Interest Score: 1.8105,
Positive Sentiment: 0.2232, Negative Sentiment 0.0496
Automation and AI: Challenges and Opportunities
Businesses across the globe are fascinated with the idea of AI and automation because this advanced technology promises operational efficiency, enhanced processes, and substantial cost savings. However, AI and its allied technologies have also created uncertainties, confusion, and doubts about the human capability for adopting, deploying, and executing these magical systems in actual business situations — simply because the business leaders and o…
2020-10-13 07:35:20+00:00 Read the full story…
Weighted Interest Score: 4.6798, Raw Interest Score: 1.9888,
Positive Sentiment: 0.2631, Negative Sentiment 0.3052
Python, C++, and Other Languages That Pay Big in Finance IT
If you’re a technologist at an investment bank, which programming languages will maximize your earning potential?
The question is slightly facile to the extent that most engineering jobs in banking require developers with proficiency in multiple languages. In addition, many programming languages pay handsomely; this isn’t a case of one or two languages far outpacing others with regard to related compensation. All that being said, in the context of financial IT, technology jobs with direct exposure to trading systems are typically better paid.
The chart below shows median and 90th percentile salaries for technology jobs that were advertised by leading banks in New York City over the past 12 months. The information was drawn from Burning Glass, which collects and analyzes millions of job postings from across the country.
2020-10-19 00:00:00 Read the full story…
Weighted Interest Score: 3.7094, Raw Interest Score: 1.8370,
Positive Sentiment: 0.3062, Negative Sentiment 0.0383
AMC (AMC) Sees More Red After Guiding Below Expectations
AMC Entertainment Holdings, Inc. (AMC) shares fell more than 8% during Tuesday’s session after third quarter guidance came in well below consensus estimates.
Key Takeaways AMC shares moved sharply lower during Tuesday’s session after third quarter guidance came in well below consensus estimates.
- AMC shares moved sharply lower during Tuesday’s session after third quarter guidance came in well below consensus estimates.
- The company expects third quarter revenue of $119.5 million, which is below consensus estimates of $155.3 million, and announced the sale of up to 15 million common shares.
- The stock remains in a bearish downtrend judging by the moving average convergence divergence (MACD), but the relative strength index (RSI) suggests that it could see some near-term consolidation before resuming any move lower.
AMC expects third quarter revenue of $119.5 million, which is below consensus estimates of $155.3 million. While cash and equivalents hit $417.9 million, the company entered into an equity distribution agreement to sell up to 15 million common shares. Operating costs and expenses are projected to be between $584.4 million and $604.4 million.
2020-10-20 15:30:04.039000+00:00 Read the full story…
Weighted Interest Score: 3.7062, Raw Interest Score: 1.6582,
Positive Sentiment: 0.1015, Negative Sentiment 0.1692
Dow closes 100 points higher, snaps 3-day losing streak on strong retail sales data
The Dow Jones Industrial Average rose on Friday for its first daily gain in four sessions after the release of strong U.S. consumer data to end a volatile week.
The Dow closed 112.11 points higher, or 0.4%, at 28,606.31. The S&P 500 eked out a small gain, closing at 3,483.81 and the Nasdaq Composite ended the day down 0.4% at 11,671.56.
2020-10-15 00:00:00 Read the full story…
Weighted Interest Score: 3.4778, Raw Interest Score: 1.4823,
Positive Sentiment: 0.5701, Negative Sentiment 0.3991
Alternative Python libraries for Data Science
Few helpful libraries which aim to simplify the data science process for beginners
The field of machine learning is progressing with leaps and bounds. With an equal pace, new libraries are being added to the Data Science arsenal. Today a single task can be performed with more than one library and in more than one way. Amidst all this plethora of new libraries, a few stand out due to their ease of use and out of the box implementations. In this article, I will cover five such libraries, which could speed the process of traditional machine learning, thereby lowering the entry barrier.
- Dabl(Data Analysis Baseline Library)
2020-10-20 13:19:28.270000+00:00 Read the full story…
Weighted Interest Score: 3.3050, Raw Interest Score: 1.3435,
Positive Sentiment: 0.0448, Negative Sentiment 0.0896
Why Data Scientists Are Increasingly Using Z by HP Workstations
Pressure to convert massive volumes of data into real-time actionable insights has triggered a data race—and if you’re not in it, you’re already losing.”
Datasets are getting larger by the day and unpacking them for insightful business leverage has become tedious. Data science leaders across many organisations have started looking out for solutions that can take this burden off their shoulders. At the cusp of this rising challenge sits HP whose cutting edge workstations are empowering data scientists around the world to explore multi-billion record datasets in real time.
When it comes to workstations, HP has been leading the roost for over a couple of years now. The Z series workstations especially, by HP, pack a punch with an on board NVIDIA graphic unit among other state of the art components. But Why Choose A Workstation At All?
2020-10-21 12:30:57+00:00 Read the full story…
Weighted Interest Score: 3.0158, Raw Interest Score: 1.6184,
Positive Sentiment: 0.2597, Negative Sentiment 0.1598
Is Python really the best language for data science in finance?
Programming languages… How many of us haven’t witnessed debates on advantages of one programming language over another? These debates are at least as common as those on the relative merits of Emacs versus Vim or tabs versus spaces (the author has even witnessed a physical fight which tried – but failed – to resolve this age-old question).
Still, the question, “Which programming language shall I use?” is not just about aesthetics. Make a bad choi…
2020-10-19 11:25:00-06:00 Read the full story…
Weighted Interest Score: 2.9316, Raw Interest Score: 1.5439,
Positive Sentiment: 0.2316, Negative Sentiment 0.2470
8 Upcoming Webinars On Artificial Intelligence To Look Forward To
With the continuation of COVID disruption, businesses are still relying on webinars to carry out their marketing strategies. Although the concept of webinars has always been there, the pandemic has provided great importance to it while engaging audiences in the comforts of their home.
Not only these webinars are a shorter form of conferences, saving an ample amount of time, but also turns out to be extremely convenient for attendees to get their…
2020-10-20 07:30:11+00:00 Read the full story…
Weighted Interest Score: 2.9024, Raw Interest Score: 1.7204,
Positive Sentiment: 0.1606, Negative Sentiment 0.0918
Fastenal Company (NASDAQ:FAST) Analysts Are Pretty Bullish On The Stock After Recent Results
Shareholders might have noticed that Fastenal Company (NASDAQ:FAST) filed its quarterly result this time last week. The early response was not positive, with shares down 4.3% to US$44.62 in the past week. Fastenal reported in line with analyst predictions, delivering revenues of US$1.4b and statutory earnings per share of US$0.38, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as…
2020-10-16 22:22:07+11:00 Read the full story…
Weighted Interest Score: 2.8804, Raw Interest Score: 1.3417,
Positive Sentiment: 0.1677, Negative Sentiment 0.1048
Siemens Healthineers To Invest ₹1,300 Crores In New Bengaluru Innovation Hub
Siemens Healthineers, a global med-tech company, has recently announced it plans to invest ₹1,300 crores over the next five years in a new Bengaluru innovation hub. According to the news, this investment has been aimed at making India a manufacturing centre for the company’s emerging market products.
The company, headquartered in Erlangen, Germany, has stated that the innovation hub will be established in a new campus which will be composed of R…
2020-10-21 05:39:08+00:00 Read the full story…
Weighted Interest Score: 2.8684, Raw Interest Score: 1.4145,
Positive Sentiment: 0.3143, Negative Sentiment 0.0000
The basic of Google Data Studio
Google Data Studio supports two different types of data schemas:
Fixed: Google Automatically connects your accounts to products for optimization (Google Analytics, Youtube, etc) Flexible: Google creates data source readers for unseen data schema → CSV, Big Query
With these data sources, Google creates a configurable, reusable, and shareable data sources. It is seamless with Big Data Source tool such as BigQuery.
Connecting Big Query + Google C…
2020-10-21 12:18:31.937000+00:00 Read the full story…
Weighted Interest Score: 2.8555, Raw Interest Score: 1.7022,
Positive Sentiment: 0.1957, Negative Sentiment 0.2152
Don’t Get Snowed In By The Hype For Snowflake
Photo by: STRF/STAR MAX/IPx 2020 9/16/20 Snowflake shares more than double in its Initial Public … [+] Offering. 9/16/20 A Snowflake logo photographed off an iphone 11 pro. STRF/STAR MAX/IPx
Warren Buffett looks prudent for buying this recent tech IPO because the stock has more than doubled since he bought it. However, investors with fiduciary responsibilities should pause before following the Oracle of Omaha into this stock now. At $245/share…
2020-10-20 00:00:00 Read the full story…
Weighted Interest Score: 2.7921, Raw Interest Score: 1.5126,
Positive Sentiment: 0.2060, Negative Sentiment 0.2060
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