Alternative Data Newsletter #142 – October 31st, 2019

Key Highlights

  • Eagle Alpha Conference in London: complimentary tickets available for data buyers to attend our London conference on November 15th. See the full agenda and register here. Key features:
    • 10 data quality test results on vendors – an interactive Jupyter notebook session.
    • 20 forward-looking use cases and trade prediction ideas by vendors to assist with prioritization.
    • 6 roundtable sessions for buyers to discuss the topics that matter e.g. mapping.
    • 15 meetings between data buyers and vendors that can be pre-scheduled.
  • Private Equity Roundtables: Eagle Alpha hosted private equity roundtable events in London and New York in October. We discussed how alternative data is being used for private equity deal origination, due diligence and post-acquisition value creation. If you would like a recording of the presentation please contact darren.laheen@eaglealpha.com.
  • Eagle Alpha’s Data Quality Workshop: we held this workshop as part of the JP Morgan DeepFin series in London. We had a packed house for an agenda covering best practices for data ingestion and quality assessment across a suite of alternative data categories, all presented via interactive, live notebooks for the attendees. We are looking forward to the next workshops being planned for the new year in New York and Boston.
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Alpha Capture

We now have over 100 trade ideas submitted to our Alpha Capture product. This is the world’s first tool to help buyside firms identify and prioritize alternative 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.

Quality Screening

We performed a quality test of a B2B dataset consisting of over 5TB of daily aggregated data. The vendor collects B2B intent by gathering web article view information from partners and mapping the views to employees at companies. Looking at the Technology category (see plot), we found that an announced additional investment by J.P. Morgan in technology in 2018 permeated to affect internal employee viewing patterns vs. competitors, and this increased interest in technology articles has been sustained into 2019.

Discovery

This vendor provides raw data files containing all property characteristics (beds/baths, location, etc.) along with a monthly breakdown of the rental performance of all Airbnb and Vrbo listings globally. Metrics include occupancy rate, revenue, # of reservations, ADR, number of days available vs. reserved vs. blocked, etc. Our Data Sourcing clients can view the full profile here.

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Dashboards

Using our Eagle Alpha dashboard of employment data we examine hiring trends across the General Merchandise retail segment showing which companies are engaging in building an online presence. Our clients can read the full report via this link.

Case Study

Analysis of social media sentiment data delivered the following results: Sharpe ratio for long only model of 1.31 with relative return of 64.17% and Sharpe ratio of 0.65 for short only model with relative return of 81.13%. Our clients can read the full case study via this link.

Legal & Compliance

The California Consumer Privacy Act (CCPA) was passed in June 2018. It is the strictest data privacy law ever introduced in the US. It protects personal information of all California residents who are referred to in the statute as consumers. The CCPA becomes effective on January 1, 2020. The CCPA was discussed at our last webinar. A recording is available to our clients via this link.

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Upcoming Webinars

Alpha Workshops

  • November 19th: Pricing Data.
  • December 19th: Geo-Location Data.

Legal Webinars

  • November 18th: App Tracking & Email Receipt (Apple and Google’s changing T&C’s).
  • December 13th: China Data.

Upcoming Conferences

Eagle Alpha’s Alternative Data Conferences:

Upcoming Roadshows

Eagle Alpha’s Alternative Data Conferences:

  • App data provider is in London on November 13th & 14th.
  • Patent data provider is in London on November 13th & 14th.
  • Audit data provider is in London on November 14th.