Exabel, the data and analytics platform for investment teams, announced its partnership with New Constructs, an independent investment research and financial data firm, to deliver powerful analytical capabilities via the New Constructs Earnings Distortion Insights Platform.
This new offering gives hedge funds and asset managers easy-to-navigate dashboards, visualizations and curated KPI monitoring capabilities to aid in the idea generation process by flagging trends and changes in New Constructs’ proprietary Earnings Distortion data. New Constructs technology uses artificial intelligence to analyze corporate financial filings, especially the footnotes, to deliver proven-superior earnings, estimates, financial research and investment ratings.
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The New Constructs Earnings Distortion Insights Platform is part of Exabel’s growing partnership program, that enables data vendors to discover valuable insights in their datasets, demonstrate that value to prospective customers, and deliver a new Insights product that is attractive to a broad audience of financial buyers. In partnering with Exabel, New Constructs’ clients are now able to more easily and inexpensively monetize the novel alpha in Earnings Distortion.
Neil Chapman, CEO of Exabel, commented: “We are very pleased to have this opportunity to collaborate with New Constructs and help further empower asset managers to get alpha from Earnings Distortion data. Financial footnotes have been proven to contain vast amounts of valuable information, and the New Constructs Earnings Distortion Insights Platform will make this value easier for New Constructs’ clients to uncover.
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“The use of data, including alternative data, in financial markets is vital. Modeling data in-house has become a prohibitive burden in time and cost, and we are on a mission to change that. Exabel’s SaaS delivered platform enables discretionary managers to complement their fundamental strategies with more data-driven techniques. It is the missing piece that allows asset managers to benefit from alternative data immediately.”
“We are very excited to be working with Exabel to extend the accessibility of our proprietary data and insights,” said David Trainer, CEO of New Constructs. “We are experiencing a very precarious stock market environment, and investors need access to the highest quality data and investment research now more than ever. The market volatility of 2022 is a reminder that the stock market isn’t a game and due diligence matters. We are proud to provide investors with the tools they need to adeptly navigate choppy markets.”
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