Improved Stock Research Through Analytics?
Reuters has this interesting article on Stock tracker Majestic Research. Some snippets from the article:
"Majestic, which was founded in 2002, uses "quantitative" analysis that it claims can do the job better than traditional stock research methods, at least for consumer-sensitive companies that utilize the Internet in some way."Their approach does not always get it right, but customers claim it to be an improvement over traditional research methods.
"From modestly-furnished Majestic offices overlooking Manhattan's Central Park, several dozen math Ph.D.s, statisticians and other quantitative analysts evaluate data spewed from computers using "Web crawling" programs track sales and other information from tens of millions of Web pages or other on-line resources."
Readings: Business intelligence, Data mining