Alternative Data Newsletter #133 – August 30th, 2019

Key Highlights

  • Alpha Capture: 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 Upcoming Event in London: join us in London on November 15th for our upcoming alternative data conference hosted by Simmons & Simmons and sponsored by JPMorgan. The event is complimentary for buyside firms to attend and will facilitate 1-on-1s with interesting data vendors, show data quality test results in Jupyter notebook and give the latest predictions from our alpha capture system. Register your interest at events@eaglealpha.com.
  • AI & Data Science in Trading: we are thrilled to announce that we’re Lunch and Learn sponsors at AI & Data Science in Trading London on September 16-17. Eagle Alpha’s CEO Emmett Kilduff will officially launch our new Alpha Capture solution for the buyside at the event. He will be joined for the session by Niall Hurley, Director of Business Development, and Ian McFarlane, Head of Client & Product Engagement.
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Quality Screening

We tested an IoT dataset and highlighted a number of potential applications including the manufacturer breakdown of luxury cars being driven in different US cities, the clustering of connected television product observation patterns in the evening US hours and the popularity of various connected home devices in different US cities. One-week sample included 235 million unique encrypted MAC addresses from a panel of 1.3 million unique de-identified smartphones totalling 2.6 billion observations.

Prioritization

The chart shows the top 3 most popular alternative data categories on the Eagle Alpha platform in the last 3 months. Up-to-date and full information is available to our Data Sourcing clients.

Discovery

This vendor gathers qualitative and quantitative information about industrial investments worldwide, as they are announced. For each investment they sift through 200,000 web sources and fill out a detailed fact sheet with the amount invested, jobs created, sector, parent company, ISIN codes etc. Our Data Sourcing clients can view the full profile here.

Dashboards

On August 14th 2019, we published a note on Tiffany with Sales Signals showing a very sharp decline over the July quarter period. We noted: “Management was cautious on the April quarter earnings call, but consensus still has SSS improving in coming quarters. Positive comps of 3.8% in the October quarter look particularly optimistic.”

On August 28th, Tiffany reported with same store sales of -3% compared to consensus of -1.6%. The company also lowered full year comps to flat from up single digits.

Case Study

Isabell Sheang, Chief Commercial Officer at Kavout, discusses Kavout’s machine learning-driven data products and services, specifically the rating and ranking solution K Score. The video is available on altdata.tv.

Legal & Compliance

FISD will soon introduce standardized documents regarding the compliance DDQ, the vendor tearsheet and data dictionary. Furthermore, a consumer information tearsheet and a buyside guide will also be completed.

Alpha Workshops

  • September 26th: Category (Sentiment), Sector (Healthcare), Stock (PFE).
  • October 17th: Category (Social Media), Sector (Materials), Stock (AMAT).

Private Equity

Join our showcase webinar on September 5th where vendors will showcase their datasets to PE firms. This is only for vendors and PE firms that have joined the DD club.

Upcoming Events

Eagle Alpha’s Alternative Data Conferences:

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Notable News