State Street Global Exchange Launches State Street MediaStats, Suite of Solutions to Help Investors Achieve Information Edge
September 26 2016 - 11:00AM
Business Wire
New Partnership with MKT MediaStats to Provide Insights into
Market Behavior Based on Media Indicators
State Street Corporation (NYSE:STT) today announced the launch
of State Street MediaStats, quantitative investment insights
derived from digital media and other large consumer datasets. The
new solution collects unstructured data from more than 30,000
curated sources as well as other “Big Data” sources to quantify
leading indicators of market behavior with respect to price and
risk. Company-level insights can be aggregated to understand
broader industry and macroeconomic trends.
State Street partner MKT 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.
“As the number of data sources available to investors grows, so
will the need for efficient consumption of large bodies of
information that can be used to generate market insights,” said
Jessica Donohue, chief innovation officer for State Street Global
Exchange. “Academic research shows that media has a measurable
impact on asset price changes. State Street MediaStats scours
traditional media, social media, and corporate communications to
understand how, and how often, publicly-traded companies are being
discussed. By building actionable indicators, we can help our
clients analyze this information faster to enhance their investment
decisions.”
State Street MediaStats’ Range of
Solutions:
- Earnings Prediction Technology,
which analyzes large sets of consumer data to gauge interest in
large retail firms. These digital patterns, reflective of consumer
behavior in the real economy, can provide investors with an
additional, distilled input to formulate quarterly earnings
estimates.
- Media Indicators that provide
insights into stock price changes using proprietary algorithms to
measure abnormal intensity, conditional sentiment and disagreement
surrounding individual companies in media coverage. The suite also
includes linkages indicators, which gauge the strength and impact
of inter-company relationships based on co-mentions in the
media.
“Investors have traditionally relied on the same data sources to
build investment strategies,” said Ozik. “Recent innovations in
information technology provide a unique opportunity to enhance
investor knowledge and a distinct, uncorrelated perspective on
financial assets based on vast amounts of new data sources.”
“These new solutions will help our clients scale their ability
to extract accurate, valuable and predictive insights from the
massive amounts of unstructured data found in the media,” continued
Donohue.
The State Street MediaStats indicators build on the capabilities
of State Street’s academic think tank, State Street Associates
(SSA), a division of State Street Global Exchange. SSA bridges the
worlds of financial theory and practice, develops proprietary
investment indicators, differentiated analytics applications and
tailored investment strategies for institutional investors around
the world.
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 $27.78
trillion in assets under custody and administration and $2.3
trillion* in assets under management as of June 30, 2016, 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.
* Assets under management were $2.30 trillion as of June 30,
2016. AUM reflects approx. $40 billion (as of June 30, 2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
Important InformationInvesting involves risk, including
the risk of loss of principal.All information has been obtained
from sources believed to be reliable, but its accuracy is not
guaranteed. There is no representation or warranty as to the
current accuracy, reliability or completeness of, nor liability
for, decisions based on such information and it should not be
relied on as such.
© 2016 State Street Corporation - All Rights Reserved
CORP-2213
Exp. Date: 9/30/17
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State Street CorporationJulie Kane,
617-663-3001JEKane@StateStreet.com@StateStreet
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