BusinessWire, Philadelphia, PA, January 4, 2016 — Wharton Research Data Services (WRDS), the leading data research platform and business intelligence tool for corporate, academic and government institutions worldwide, is pleased to announce the addition of RavenPack News Analytics to its data offerings. A part of the Wharton School of the University of Pennsylvania, WRDS is trusted for data access and insights that accelerate impactful research and enhance learning.
In an era of big data that can be difficult to incorporate into research, RavenPack News Analytics creates organized data that can be used across multiple financial fields, including asset management, risk and compliance and research. RavenPack News Analytics helps users track relevant information on tens of thousands of companies, government organizations and influentials; monitor accumulation of adverse sentiment, detect headline risk, or reduce false positives from market abuse; and anticipate business, economic, and geopolitical events that are hard to predict.
“WRDS is really pleased to offer RavenPack News Analytics to our academic subscribers,” said Robert Zarazowski, Managing Director of WRDS. “Helping researchers get the key information they need is an essential part of our work in an era of big data, and RavenPack News Analytics will be a terrific addition to our existing datasets.”
“It’s no secret that news and social media have a profound effect on business and financial markets”, said Armando Gonzalez, CEO of RavenPack, “Researchers rely on our data to push the boundaries in financial studies. We are excited to partner with WRDS and provide their users with the ability to incorporate our 15 years of analytics data into their models.”
• Access unique aspects to quantitative and fundamental research; control for news and social media in academic research
• Granular analytical data on all companies providing information on a variety of dimensions such as events, sentiment, relevance, and novelty
• Analytics on 175,000+ entities
• Coverage for 2000+ event categories
WRDS is committed to advancing knowledge and impact in the financial research field.
For more information about how WRDS works see http://www.whartonwrds.com/.
RavenPack News Analytics in the news:
Wharton Research Data Services (WRDS) provides the leading business intelligence, data analytics, and financial research platform for global institutions dedicated to providing comprehensive thought leadership and historical analysis. Part of the Wharton School, WRDS is a powerful computing platform that provides unparalleled access to global financial data, research utilities, and insight into the latest innovations in academic research.
As the leading data research platform for over 40,000 commercial, academic, government and nonprofit clients in 33 countries—WRDS is the global gold standard in data management and research, all backed by the credibility and leadership of the Wharton School. http://www.whartonwrds.com/.
About the Wharton School
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 participants in executive education programs annually and a powerful alumni network of 94,000 graduates.
RavenPack develops and distributes structured data products from unstructured content. The firm is the leader in news analytics which involves turning news into numbers so they can be easily manipulated and consumed by quantitative models and trading programs. RavenPack classifies news items using multiple sophisticated sentiment detection algorithms. In addition, RavenPack generates a number of non – sentiment analytics including information about companies, events, relevance, and market impact. Outputs are often in the form of numerical news scores that can be used as inputs in the calculation of company, sector, and industry indicators. News Analytics are used to power a number of applications ranging from high frequency trading applications requiring low latency inputs, to risk and asset management applications requiring factors whose time resolution may be daily, weekly, and monthly. There is strong empirical evidence that RavenPack News Analytics have explanatory and predicative power in three dimensions: market direction, volume, and volatility. Beyond some of the world’s top industry clients, RavenPack is working with a number of partners and academic researchers who are using news analytics in their applications and research endeavors. http://www.ravenpack.com/
Robin Nussbaum Gold
Wharton Research Data Services