Consumer Edge, a preeminent equity research and alternative data insights firm focusing on the global consumer sector and Advan Research Corporation, the leading geolocation data provider for the financial industry, have partnered to combine foot traffic counts with credit card transaction data on over 200 companies.
"We researched the geolocation provider space and it quickly became apparent that Advan is the leading provider to collaborate with, offering unprecedented accuracy paired with massive amounts of underlying data. Combining Advan traffic data with credit card transaction data helps us to cross validate the independent data sets, improve predictive signals on many tickers and deliver both data sets in a unified platform. In addition, new analytics are possible, such as conversion rates at retailers when traffic and actual sales are merged. The combined data sets will be available in machine readable, templates as well as visualization formats," said Bill Pecoriello, Consumer Edge’s Founder and CEO.
"We are excited and honored to work with Consume Edge to marry traffic and transaction data; their attention to detail and analyst expertise is impressive and sets them apart in the transaction data space. This partnership is not only the most direct path to the holy grail most discretionary managers are asking for, namely, the rate of conversion of foot traffic to sales for each company, but also the best way to verify that both datasets are solid, by confirming that they are highly correlated on a daily basis," said Yiannis Tsiounis, Ph.D., Advan’s founder and CEO.
About Consumer Edge
Consumer Edge (CE) is a preeminent equity research and alternative data insights boutique focused on the global consumer sector. Since its founding in 2009 CE has focused on the nexus of research and data. CE continues this focus today, delivering leading equity research with next-generation alternative data solutions. Consumer Edge is headquartered in New York City. For more information please visit www.consumer-edge.com
Advan processes 7 billion daily foot traffic measurements from 1,500 cellphone applications, and computes foot traffic data on 1.5 million manually geofenced locations pertaining to 1,800 companies, including 1,250 publicly traded tickers, across multiple sectors, including consumer services, energy, technology, healthcare, REITS, financials, utilities and others. Advan guarantees 99.5% accuracy of geofences in 913 brands. Advan is headquartered in New York City. For more information please visit www.advan.us
Advan Research Corporation, the leading geolocation data provider for the financial industry, released AlphaLoc™, its Machine Learning algorithm-driven revenue forecasts. The AlphaLoc Out Of Sample results improve mean analyst revenue expectations 70% of the time in the past 4 quarters, while its median forecasting error is 2%.
AlphaLoc is available in the Advan Dashboard (GUI), in the Advan Excel® function, and in daily data feeds.
"We are excited to round up our product suite with a truly turn-key tool for the financial analysts and portfolio managers, where with a single-click they can get market-beating forecasts. Combined with our coverage of 1,700 tickers and custom-location analytics, this truly demonstrates the power and breadth of geolocation data," said Yiannis Tsiounis, Ph.D., Advan's founder and CEO.
AlphaLoc was made possible with the help of George Zavaliagkos, Ph.D., an expert in speech recognition and machine learning, who has supervised Amazon Alexa©'s cloud Machine Learning models and was the founder of Parametros Trading, a High Frequency Trading company.
"This new era of Alternative Data stands to benefit significantly from the application of proven Machine Learning techniques, as they help materialize the intuition that analytics companies like Advan have already amassed about the underlying data and its intricacies," said George. "We have seen material and consistent improvements over rule-based and simple regression methods and are working to add Advan's cross-traffic and demographic features in future models to further improve the performance".
Advan Research Corporation, the leading geolocation data provider for the financial industry, announces version 11 of its data, which computes Dwell Times and Employee Counts using a much more accurate methodology. This version also adds 120 tickers (145 including subsidiaries) for a total of 1,390 tickers (1,762, including subsidiaries) and over 1,600,000 physical locations.
"In this latest version we focused on more detailed metrics such as accurate dwell times and employee counts, which are used by our customers to forecast various financial KPIs," said Yiannis Tsiounis, Ph.D., Advan's founder and CEO. "We also took the opportunity to add coverage for 145 companies, all of which are accessible in our dashboard, our Excel® function, and as raw data".
Advan Research Corporation, the leading geolocation data provider for the financial industry, announces version 10 of its data, which adds 867 tickers (926 including subsidiaries) bringing its total coverage to 1,261 tickers (1,622, including subsidiaries) and over 1,500,000 physical locations.
"Consistent with Advan’s history of providing higher coverage than any other geolocation data provider, as well as most other alternative data providers, we are excited to triple our coverage in our latest version" said Yiannis Tsiounis, Ph.D., Advan’s CEO. "Our customers have been taking advantage of our coverage increases to expand the tradeable universe utilizing foot traffic counts, with a direct impact to their bottom line."
Advan Research Corporation, the leading geolocation data provider for the financial industry, has appointed Grigorios Reppas as its COO.
Reppas joins Advan from MarketAxess, an electronic trading platform for fixed income products, where he was the Global Head of Hedge Fund Sales and CDS product manager, from 2010-2017. He will report to Yiannis Tsiounis, Ph.D., founder and CEO of Advan.
"I am excited for the opportunity to be in the forefront of actionable location-derived data, one of the newest and most innovative sources of alpha in the financial space, with a team and leadership that I know intimately from our time in Moody's and BQuotes," said Grigorios.
In his new role Grigorios will primarily focus on streamlining and expanding the current data offerings, from the maintenance of entities covered and geofencing operations, to the financial research. He will also assist on the firm's business development and sales departments.
"I am very pleased to be working with Grigorios again after our tenure more than a decade ago at BQuotes," said Yiannis. "Grigorios' unique experience in the financial technology industry, along with his energy and enthusiasm will help Advan continue to deliver innovative products in the rapidly growing geolocation research market."
Advan is the leader in the Big Data geolocation space, enabling participants in the financial industry to analyze foot traffic data across multiple sectors, including consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.
Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan's products.