Alexander Denev > Quotes

“Tends to be more costly to collect, and hence more expensive to purchase Usually outside of financial markets Has shorter history More challenging to use”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“Those firms that do not update their investment processes within that time frame [over the next five years] could face strategic risks and might very well be outmanoeuvred by competitors that effectively incorporate alternative data into their securities valuation and trading signal processes.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“A lot of applications of alternative data are being found today in insurance and credit markets (see e.g. Turner, 2008; Turner, 2011; Financial Times, 2017).”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“Another legal issue associated with alternative data is whether a particular dataset constitutes material non-public information (MNPI).”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“FIGURE 3.1 Comparison of data protection laws around the world. Source: DLA Piper.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“The alternative data universe is part of the bigger discourse on Big Data.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“After a seminal paper in 2010 (see Bollen et al., 2011), the topic of alternative data started getting traction both in academia and in the hedge fund industry. The paper showed an accuracy of 87.6% in predicting the daily up and down changes in the closing values of the Dow Jones index when using Twitter mood data. This”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“It is forecasted that spending by buy-side firms on alternative data is likely to increase to close to 2 billion USD for 2020 (see Figure 1.9). This compares with 232 million USD in 2016.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“As individuals, we generate data via our actions: we spend, we walk, we talk, we browse the web, and so on.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“FIGURE 1.10 “Alternative datasets” derived from web scraping: most popular at funds at present.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“According to widely cited statistics, 80%–95% of the data in the world comes in unstructured form: text, images, videos, and the like.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“1.2 WHAT IS “ALTERNATIVE DATA”? It is widely known that information can provide an edge.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“complementary to already available information. Hence, information advantage is the primary reason for using alternative data.”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“Hedge funds using satellite intelligence on ships and tank levels to identify upcoming impact to oil producers and commodity prices”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers

“Less commonly used by market participants”
― Alexander Denev, The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers