Interweaving nowcast and forecast data for a more informed perspective

Alternative data is taking the investment management industry by storm, offering “nowcast” data that provides an insider’s look into specific company operations at a specific point in time that is often less readily accessible than traditional sources of data. On the other hand, forecast data provides investment managers with an understanding of long-term market expectations. Together, these two data sources are extremely powerful, and today’s best analysts are already interweaving nowcast and forecast data to give them a more rounded, informed perspective on a company’s overall future performance.

This paper discusses the rise of alternative data and the benefits of using nowcasts and forecasts to create a rich ecosystem of information about companies that can foster ideas that will translate into strong long-term investment decisions.

Deriving Alpha from Nowcasts and Forecasts white paper