Data Trends for Investment Professionals

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Alternative data sheds light on Tesla’s mysterious delivery numbers

Tesla’s strong Q3 delivery numbers - more than doubling from the prior quarter - was good news for the company. But a new report on mysterious lots of Tesla vehicles appearing across America has fanned speculation that those numbers may not be what they seem. Quandl’s alternative data also indicates that there may be more than meets the eye. UPDATE (October 26, 2018): The Wall Street Journal is reporting that the FBI has stepped up a criminal investigation of whether Tesla is misstating production figures. On Tuesday, October 2, Tesla announced a doubling of deliveries in the third quarter to...

5 Misleading Myths About Alternative Data

One of the (many) interesting things about alternative data is how difficult it is to define. Most people define it by what it is not: “any non-market data is alternative data”. But very few are actually able to pinpoint what it actually is. The reason, I suspect, is that alternative data is a moving target. It comes from different sources, takes different forms, and offers insights on different verticals. For example, satellite imagery can predict oil inventories, online job listings can track company growth, and insurance records can track auto sales: that’s 3 different data types, from three different sources,...

Data Monetization: Compliance and Privacy

In our previous post, we completed our discussion of data productization, focusing on the importance of robust delivery systems and packaging. Next, we will discuss the data compliance and privacy concerns most often expressed by data providers. The media has made much of datasets used by Wall Street that are not “anonymized”, but the reality is that professional investors do not care one bit about an individual’s information. They only care about data that moves markets. That Lucy Morgan, 37, of Louisville, Kentucky just bought six family-sized bars of Hershey’s chocolate using her MasterCard at Costco does not interest them in...

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...

API for Stock Data

Quandl offers a simple API for stock market data downloads. Our daily data feeds deliver end-of-day prices, historical stock fundamental data, harmonized fundamentals, financial ratios, indexes, options and volatility, earnings estimates, analyst ratings, investor sentiment and more. This post describes how our stock market data is organized and explains how to access it. Data Organization: Time-series vs. Tables Quandl's data products come in many forms and contain various objects, including time-series and tables. Through our APIs and various tools (R, Python, Excel, etc.), users can access/call the premium data to which they have subscribed. (Our free data can be accessed...

The Results Are In: Feedback on the Alternative Data Weekly

We asked and you answered. In our mission to continually improve the digital experience across all channels, we recently sent a survey to subscribers of our Alternative Data Weekly newsletter to gain insight on what you most enjoyed reading, what industries were of interest and what content you would like to see more of. We had a great response to the request and thank all those who took the time to help enrich our newsletter. The feedback was overall positive with 82% of readers stating that they would recommend the Alternative Data Weekly to a friend. We also asked what...

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