Case Study #5
"Street Sweeper Releases Short Report"
Magellan Pete Corp.
News Event
January 18, 2017 at 12:15:00 pm (EST) — TheStreetSweeper.org releases a short report siting eight key risks facing the stock.
Read The Street Sweeper ReportMarket Alert
A couple minutes after the report was released, NewsHedge alerted its clients to the unusual trading event at 12:17:44 pm (EST) as shares swiftly dropped from $16.70 to $15.34.
Social Context
As news broke, Wall Street instantaneously took to Twitter to share information. According to Metricle's quantitative Twitter data, Twitter posts for Magellan Pete produced a negative "sell" signal—as visually seen below.
Alpha Generation
Over the next several trading sessions, our quantitative data continued to produce a negative "sell" signal—giving our clients even more conviction to remain short, or to add to their short position.
Systematic Trading Data
To review systematic trading data associated with this case study, or to inquire about backtesting our data, contact us at sales@newshedge.com.
Who We Are
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But things have changed, and who we are now is pretty exciting. We’re made up of traders and designers and developers and marketers who are hyper-focused on pioneering new software that will literally change the way people make decisions. We’d say that we’re cutting edge, but that would be cliché, so we’ll say this instead: NewsHedge is a creative force that’s filtering the world’s financial noise.
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