Alternative Data Newsletter #121 – June 7th, 2019

Key Highlights

  • New PE Solution: Eagle Alpha is launching a new solution that enables PE firms to acquire alternative data on a per company basis (not an entire dataset) and a pay-as-you go basis (not an annual license). The launch webinar will be at 09.00 EST on Tuesday 25th June. Please RSVP to emmett.kilduff@eaglealpha.com.
  • Our First Legal Webinar: we are organizing our first legal & compliance webinar together with Lowenstein Sandler. It will be held on June 28th at 10 am EST. Email enquiries@eaglealpha.com for more details.
  • Research Analyst Thoughts: retail stocks have had a particularly tough earnings season with stocks getting punished accordingly. Stocks that had previously held up reasonably well like ANF and KSS got hit hard. Given the dynamics currently occurring in the retail sector we think that various forms of alternative data will become ever more important to PM’s and analysts. During the quarter our reports were directionally correct for CMG and ROST, but some moves caught us off guard such as WSM and GPS.

Discovery

  • Datasets Getting Traction:
    • Quant: this vendor provides economically predictive social media impact and sentiment data from a segment of investors who have been identified as being influential in relation to Russell 1,000 Index companies. Our Data Sourcing clients can view the full profile here.
    • Discretionary:  this vendor provides novel data on China’s real estate market. A lot of unstructured text data is available on China’s non-performing loans on websites that host auctions covering land, assets and frauds. Our Data Sourcing clients can view the full profile here.
    • New Dataset: this vendor analyzes companies’ wastes and waste management practices to provide investors with actionable ESG and sustainability data. Our Data Sourcing clients can view the full profile here.

Finding Alpha

  • Research Analysts Thoughts: retail stocks have had a particularly tough earnings season with stocks getting punished accordingly. Stocks that had previously held up reasonably well like ANF and KSS got hit hard. Given the dynamics currently occurring in the retail sector we think that various forms of alternative data will become ever more important to PM’s and analysts. During the quarter our reports were directionally correct for CMG and ROST but some moves caught us off guard such as WSM and GPS. While alternative data isn’t a silver bullet, we see a growing number of fundamental investors and hedge funds are coming to the realization that alternative data will be essential to get to grips with winners and losers in the retail space in coming quarters and years.
  • Our Next Alpha Workshop: the next workshop is on Employment data on June 20th at 9 am ET. There will be 5 guest speakers including Andy Moniz, Chief Data Scientist at Deutsche Bank, and Ben Lourie, Professor at the University of Irvine. Email enquiries@eaglealpha.com for more details.

Events You Should Attend

  • Eagle Alpha’s Alternative Data Conferences:
  • Data Strategy Webinars:
  • Upcoming Roadshows:
    • Audit data provider meeting funds in Chicago on June 4th, in Connecticut on June 5th, in NYC on June 6th and in San Francisco on June 7th.

Notable News in the Alternative Data Space