We are extremely excited to announce another pioneering addition to our Data Sourcing solution. Alpha Capture is the first tool to help buyside firms identify and prioritize datasets that deliver actionable, alpha-generating data. With Alpha Capture, data vendors submit trade ideas or forward looking use cases based on interesting insights from their datasets, which gives fund managers the first-ever opportunity to value alternative datasets and ascertain, at scale, the real potential for alpha.
Our new proprietary dataset Ticker Signals tracks investor attention towards stocks of the top 1,000 US companies by market capitalization by analyzing trends of over 3,500 online search terms on a weekly basis. In addition to the high frequency and wide coverage, users have access to 10 years of historical data, mapped to an identifier of their choice. Contact us for a free trial.
Eagle Alpha’s Sales Signal indicators are showing mixed trends across the retail sector in the July quarter. For example, the sales signal for Children’s Place is very positive while the signal for Tiffany is down significantly for the quarter. While the Specialty Retail sector index improved sequentially it is still lagging the Restaurant and QSR segment in terms of consumer search interest.
We are delighted to announce a US$2.4m funding round, our largest since incorporation back in 2012. The primary use of proceeds will be the expansion of our data science, engineering and sales teams.