State Street Expands MediaStats Range of Indicators
September 25 2018 - 10:04AM
Business Wire
New FX and Country Media Indicators Added to Help Investors
Gauge News Sentiment
State Street Corporation (NYSE:STT) today announced the addition
of two new macro indicators, focused on currencies and countries,
to its range of State Street MediaStats Indicators®. First launched
in 2016 with State Street partner MKT MediaStats, the new
indicators scan more than 100,000 digital media sources to help
investors evaluate the impact of media sentiment on market behavior
and, more broadly, industry and macroeconomic trends. The new FX
and Country Equity indicators provide daily sentiment scores that
help investors understand media perceptions of foreign currencies
and global equity markets.
“Our clients are particularly interested in currencies and
equities, so we have expanded the coverage of State Street
MediaStats to provide insights on these markets in addition to our
company-level indicators,” said Will Kinlaw, head of State Street
Associates, a division of State Street Global Exchange. “Our new
indicators offer investors a near real-time pulse of broad media
sentiment that will help them assess market conditions.”
State Street MediaStats’ full range of indicators now
includes:
- FX and Country Equity Media
Indicators that use natural language processing and machine
learning to analyze large sets of unstructured media data,
comprising international and domestic media, social media, business
news and trading media. These proprietary indicators derive
standardized measures of intensity, sentiment and disagreement in
media coverage to assist portfolio managers in assessing the
outlook for 33 foreign currencies and 44 global equity
markets.
- Earnings Prediction Technology,
or EPTech, which analyzes large sets of consumer data to gauge
interest in approximately 340 large US listed retail firms. These
digital patterns, reflective of consumer behavior in the real
economy, can provide investors with an additional, distilled input
as they formulate quarterly earnings estimates.
- Company Media Indicators that
provide insights into company dynamics using proprietary algorithms
to measure the abnormal intensity, conditional sentiment and
disagreement in media coverage of approximately 3,000 US listed
individual companies.
- Linkages Indicators that gauge
the strength and impact of inter-company relationships based on
company co-mentions in media for approximately 500 US listed large
cap companies.
“Our technology adjusts for a number of behavioral and
statistical biases in media coverage. With the additional
implementation of supervised machine learning to improve article
relevancy in foreign exchange, we have created a stronger solution
that can be easily incorporated into any investment
process—quantitative or qualitative,” said professor Ronnie Sadka,
chair of the Finance Department at Boston College’s Carroll School
of Management and co-founder of MKT MediaStats.
State Street MediaStats Indicators build on the capabilities of
State Street Associates, State Street’s academic think tank and a
division of State Street Global Exchange. State Street Associates
bridges the worlds of financial theory and practice, and develops
proprietary investment indicators, differentiated analytics
applications and tailored investment strategies for institutional
investors around the world.
About MKT MediaStats, LLCMKT MediaStats, LLC was founded
by Gideon Ozik, affiliate professor at École des Hautes Etudes
Commerciales du Nord (EDHEC) Business School and former hedge fund
manager at Société Générale; Professor Ronnie Sadka, chair of the
Finance Department at Boston College’s Carroll School of
Management; Hadar Shezifi, technology entrepreneur and former
architect at Neustar; and Professor Ken Froot, of Harvard Business
School, who is also a founding partner of State Street Associates
and FDO Partners.
About State StreetState Street Corporation (NYSE: STT) is
one of the world's leading providers of financial services to
institutional investors, including investment servicing, investment
management and investment research and trading. With $33.90
trillion in assets under custody and administration and $2.70
trillion* in assets under management as of June 30, 2018, State
Street operates in more than 100 geographic markets worldwide,
including the US, Canada, Europe, the Middle East and Asia. For
more information, visit State Street’s website at
www.statestreet.com.
*This figure is presented as of June 30, 2018 and includes
approximately $53 billion of assets with respect to SPDR products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
2249672.1.1.GBL.
Expiration Date: September 30, 2019©2018 State Street
Corporation - All Rights ReservedState Street Corporation, One
Lincoln St, Boston MA 02111
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180925005744/en/
State Street CorporationReilly Starr, +1
212-258-1614rstarr@statestreet.com
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024