Alternative Data Newsletter #158 – March 5th, 2020

Key Highlights

Eagle Alpha Coronavirus Alternative Data Package: Given the recent market volatility and the impact the outbreak is having on company fundamentals, Eagle Alpha has seen an unprecedented surge in interest for alternative datasets to monitor and track the impact of the virus. Client requests are coming from all regions and asset investment styles. To meet the urgent needs of clients, Eagle Alpha has created the Coronavirus Altdata Package.
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Eagle Alpha Conferences. We are currently planning to go ahead with our alternative data conference in Sydney on April 2nd. J.P. Morgan is hosting the conference and tickets are complimentary for buyside, private equity and corporates. Given the current restrictions by some institutions on face-to-face meetings we will be offering the option of joining the conference by video conferencing system.
Registration And Full Agenda
Call for Speakers We have begun preparations for our upcoming conference in New York, which will be our largest conference to date. In keeping with prior conferences, we are planning a day of great content for all attendees. With this in mind, we are looking for guest speakers in the alt data sphere to make it another successful conference.
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Quality Testing

Eagle Alpha’s Data Science team recently published a Jupyter notebook-based Data Quality report on a dataset that tracks corporate technology installation across 1000s of public and private companies for over 10,000 technology products.
Clients of Eagle Alpha’s Data Sourcing offering can access the report here.

Prioritization

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. Email enquiries@eaglealpha.com to learn more.

Discovery

Eagle Alpha is facilitating a roadshow for Cyberstream in New York on March 18th and 19th. Cyberstream dataset contains valuable information such as phone models, mobile carrier data and 5G roll-out data. If you would like to participate in the roadshow, please contact us.

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Dashboards

The Prosper Insights dashboard on Eagle Edge shows that consumer shopping preference for health and beauty aids in the fourth quarter of 2019, before Coronavirus took hold, was Walmart and Amazon. Consumer preference to shop for health-related goods declined for both CVS and Walgreens.

Case Study

On January 13th Eagle Alpha published a report on the Sales Signal for UAA. The UAA signal had been displaying weak trends and closed out 2019 in a downtrend, indicating poor consumer demand. The weakness in the signal contrasted with consensus revenue growth estimates for the December and March quarters. On February 11th, 2020 UAA reported a weak quarter and lowered guidance for the year.

Legal & Compliance

On January 7th 2020, Office of Compliance Inspections and Examinations (OCIE) released its 2020 Examination Priorities paying a particular attention to the use of alternative data sources. The results of the OCIE’s examinations and priorities are used by the SEC for initiatives in order to improve industry practices and tackle misconduct.
The conclusion of the report is that firms using alternative datasets to inform their investment decision-making process should anticipate increased scrutiny from the SEC. Internal controls and due diligence procedures must be in place.

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Alpha Workshops

  • March 26th: Workshop on IoT Data.
  • April 23rd: Workshop on Web Crawled Data.

Legal Webinars

  • March 24th: Alternative data in Latin America

Upcoming Events

Eagle Alpha’s Alternative Data Conferences: