EidoSearch Brings Pattern Analysis Precision to Earnings Season
Predictive analytics start-up EidoSearch has built an engine for fundamental investors to manage their positions around company earnings releases."There are many analytics tools out there catering to investors with an abbreviated time horizon, looking to make quick, next-day or next-week money off an earnings beat or miss. But for fundamental investors with a long-term thesis on a company, understanding how to modify positions going into and out of earnings announcements has always been a difficult process to manage."
-Charles Trafton, a portfolio manager at FlowPoint Capital Partners, a Boston-based hedge fund.
EidoSearch, a Toronto-based startup, is hoping to change that. The firm’s founders, David Kedmey and Xiao-Ping (Steven) Zhang, met as MBA students at the University of Chicago in the late 2000s. Zhang, who holds a Ph.D. in engineering, is the technical brains behind the operation, while Kedmey, whose resume includes a stint on the New York mergers and acquisitions desk at Oppenheimer, supplies the market perspective. Together, they’ve built a technical analysis engine that allows investors to understand assets & future price movements based on historical patterns.