Curious to get some TMT/Consumer folks takes on utilizing YipitData and/or Mscience: Is one generally more reliable than the other? Any general thoughts on either of them would be appreciated.
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Mandatory for a serious TMT analyst since trading around it is huge source of alpha. No idea how you can invest without it tbh
depends on how you define alpha
its more like table stakes at this point, no one is making money off alt data youre just avoiding losing money on calls you didnt know were being made
"no one is making money off alt data" just shows me you are clueless.
no one is making money on m science and yipit
Those are not alt data. They’re just data.
Lol this is just false - just bc you guys aren’t making money off the data doesn’t mean others aren’t. By making money off the data, nobody is referring to the face value of what the data’s quarterly estimates are. It that’s the extent of your analysis, no wonder you can’t make money off of it
well said
Saying you make money off of Mscience or Yipit is like saying you make money cause you have sell side research. Its table stake for short term and helpful long term for benchmarking expectations. I wouldn't really consider them things that make people alpha, just that you lose alpha by not having them. I use alot of alt data - but if i have a conviction short view, I'd prefer the Msci/Yipit to show a beat - means people will be more offsides when they miss.
you said making money off alt data, not making money off yipit and msci
Thanks for the response, are you able to share at all about how you actually use their data in your process? It seems that some other folks here don't think you can monetize it?
I'm going to guess he buys good data and shorts bad data?
Jesus Christ.
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