Alternative Data News and Insight

Lacking natural resources, Japan is vulnerable to logistical disruptions and material shortages. In this literature review, we summarise an export index model constructed on maritime data.

In an increasingly virtual business environment, a physical presence can give investors an upper hand. A Chinese study attempts to show how corporate site visits by hedge funds can positively influence their returns. We summarise the analysis from this paper and the potential data sources that could help readers monitor site visits by Chinese fund managers.

Despite its prolific role in the US capital markets, the SEC’s investigation process is typically undeclared. Given investigations occur following an indication of malpractice, a study looks at whether they correlate with firm performance or insider trading activity. We summarise the analyses and highlight potential alternative data sources that could help readers navigate the impacts of SEC investigations.

We summarise the characteristics of price bubbles in China’s agricultural futures market and the impact of Chinese government policy on these bubbles.

Commonality in liquidity is the concept that common movements in liquidity can impact other markets or securities. This has been used to explain sudden changes in the liquidity of multiple securities or markets at the same time. In this literature review, we summarise a study that applies regression models to understand commonality in liquidity between sovereign bond markets and its degree of application.

The current economic climate has put a spotlight on central banks around the world. Monetary policy, however, is only directly observable in official meetings and statements. Aggregating central bank sentiment through the lens of news media may capture hidden information that has ramifications for financial markets. In this literature review, we summarise a study that employs textual analysis of central bank tones in the media to examine its impact on future changes in yields.

Published research suggests a strong correlation between global PE fund disclosures of ESG data and ESG performance post-investment. Net IRR is also found to be positively impacted by an advertised commitment to ESG. We summarise the findings of this research and also highlight several Neudata-listed data providers that may be applicable to understanding the ESG landscape within private equity.

2022 has been a volatile year for equity investors as a result of rising inflation and the subsequent increase in interest rates. However, despite the signs of inflation easing slightly in the US and higher interest rates forcing some economic contractions within global markets, the state of the economy remains uncertain. In this report, we review literature that discusses 10 things investors should consider to best prepare for the year ahead.

Applying NLP tools to earnings calls, company filings and financial documents is not new to the world of alternative data. Drawing specifically on earnings calls, many will also be familiar with post-earnings call announcement drift (PEAD). In this report, we review literature that discusses how PEAD can be improved using linguistic approaches such as NLP.

We summarise a 2021 study that analysed J-REIT data. The study evaluates the effects over time of three price-forming factors on the capitalisation rate of office real estate in Tokyo’s business districts.