Data Trends for Investment Professionals

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Going Once, Going Twice: Alternative Data Gives IronPlanet Acquisition Second Take

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA), the world’s largest industrial auctioneer, released its first earnings announcement yesterday after its May 2017 acquisition of IronPlanet for USD 750m. The reported EPS of USD 0.33 and USD 166.19m revenue handily beat the consensus estimates of analysts polled by Thomson Reuters, which called for adjusted EPS of USD 0.31 on revenue of USD 163.4m. The stock has responded by rallying over 8% in next-day trading. We believe that analysts underestimated the results because they lacked insight into the boost in gross merchandise volume (GMV) that the IronPlanet acquisition provided. Ritchie Bros. has underperformed the...

Bollinger Band Breakout Augmented with Volume

This alternative data in action post looks at the power of currency volume data. CLS has just published the first true global foreign exchange (FX) volume database. Commercially available for the first time via Quandl, this database is the most accurate, most comprehensive and timeliest gauge of currency trading volume ever published. In this post, we present the results of augmenting a well-known FX trading strategy - Bollinger Band breakout - with data from our CLS Daily FX Volume database. This database, along with the CLS Hourly Volume database, offers access to the broadest set of executed trade data in...

How Email Receipts Predicted GoPro’s Q3 Earnings

The street got a big surprise last week when GoPro reported earnings. Shares dropped sharply in Friday morning trading after the company reported a loss of 60 cents per share on $240.56 million in revenue. Analyst expectations were much milder at a loss of 36 cents per share on $314.06 million in revenue. GoPro cited production issues as the cause for both the third quarter miss and the guidance for Q4. Prior to the earnings announcement, most pundits were bullish – or at least neutral –  on GoPro: see MarketWatch coverage, AmigoBulls, and this note from Raymond James. This is...

Email Receipts used to Forecast Amazon and Uber Revenues

This post is the first in a series called “Alternative Data In Action” (ADIA). Each article in this series will examine a different alternative dataset. We will discuss how the data is sourced, structured and, most importantly, some simple methods for leveraging the data for investment insight. This ADIA looks at electronic receipts. Data scientists Ray McTaggart and Lilian Lau contributed to this post.  The Dataset: Electronic Receipts in Email Where and when people spend their money is invaluable insight for everything from measuring the state of the economy as a whole to studying the success of a single product produced by a single...

Upstream Operational Risk Increases with Anadarko’s $2B Purchase

The Quandl data science team now publishes market insights based on analysis performed using Quandl alternative datasets. For information about our alternative datasets, or to request sample data, please see the contact information at the bottom of this post. On Monday, September 12 2016, Anadarko (NYSE:APC) announced it has entered into a definitive agreement to acquire the deepwater Gulf of Mexico assets of Freeport McMoRan Oil & Gas for $2.0 billion. This transaction, set to close before year's end, doubles Anadarko's ownership in the Lucius development to approximately 49 percent. Quandl's Anadarko Production Tracker empowers investors to see real time production performance...

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