Enthusiasm for artificial intelligence and multimedia information in the financial industry is at an all time high. Every leader in finance now feels the pressure to answer the question, “What is your AI strategy?”
Read MoreDespite a rocky year for Glenview Capital Management, Larry Robbins produced the top stock picks at the 2015 Robin Hood Conference, according to an analysis conducted by EidoSearch. The firm analyzes data patterns at the rate of 100 million per second “to identify securities that have a statistical edge,” wrote Dave Allen, vice president of sales and marketing.
read more“All investing decisions come down to the range of outcomes that one can expect on a time horizon,” says David Kedmey, president and co-founder of EidoSearch. “When you talk about forecasting a range of outcomes, what is the most likely case? What is the risk around that? What is the probability of that range? It’s very fundamental. Markets are about probabilities, and nobody has an effective way to quantify that. If you ask a fundamental portfolio manager about price targets and probabilities, it’s like sticking a finger in the air.”
read more“Unless you can watch your stock holding decline by 50 percent without becoming panic stricken, you should not be in the stock market” -Warren Buffett
Chinese markets are in free fall, oil prices are plummeting and many emerging markets are now teetering on the edge of bankruptcy. Yet, there is 85 percent probability the S&P 500 drops less than -1.2 percent by this Friday’s close.
read more“Unless you can watch your stock holding decline by 50 percent without becoming panic stricken, you should not be in the stock market” -Warren Buffett
Chinese markets are in free fall, oil prices are plummeting and many emerging markets are now teetering on the edge of bankruptcy. Yet, there is 85 percent probability the S&P 500 drops less than -1.2 percent by this Friday’s close.
read moreWhat can the past tell us about the possible future direction of oil?
Toronto-based, EidoSearch, has built what David Kedmey, co-founder and President, calls a “pattern search engine” able to comb through price history of all US securities – across equities, fixed income, commodities and currencies – and identify hidden connections between what is happening to a given asset today and assets that have traded in a similar direction in the past.
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Big data is also changing the world of analytics for manufacturers and financial services firms. David Kedmey, president and co-founder of EidoSearch, a numeric search engine for data, explains: “Big data has changed analytics and predictive models immensely because of the variety and the quantity of data available.”
read moreA case in point is predictive analytics, such as those of Boston-based EidoSearch, which scans historical data for patterns that match current events.
read moreA case in point is predictive analytics, such as those of Boston-based EidoSearch, which scans historical data for patterns that match current events.
read moreEidoSearch Begins Sales of Core Engine to Meet Quant Demand for Direct Access to Predictive Analytics. Boston-based predictive analytics vendor EidoSearch has begun providing its core analytics engine to customers as a packaged platform offering, to make its analysis functions more accessible to the most.
read more"There are many analytics tools out there catering to investors with an abbreviated time horizon, looking to make quick, next-day or next-week money off an earnings beat or miss. But for fundamental investors with a long-term thesis on a company, understanding how to modify positions going into and out of earnings announcements has always been a difficult process to manage."
-Charles Trafton, a portfolio manager at FlowPoint Capital Partners, a Boston-based hedge fund.
Predictive analytics start-up EidoSearch has built an engine for fundamental investors to manage their positions around company earnings releases.
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