Enthusiasm for artificial intelligence and multimedia information in the financial industry is at an all time high. Every leader in finance now feels the pressure to answer the question, “What is your AI strategy?”
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"You’ve got to know when to hold ‘em. Know when to fold ‘em. Know when to walk away. Know when to run."
-Kenny Rogers
The past year for shareholders of Exxon Mobil has not been pretty. At the end of July of last year, XOM had risen to an all-time high of $104 a share. Now, a year and change later, the stock is off more than 30% and at a four year low. And, for a stock that is highly correlated to the cost of Crude Oil, the near future does not look any more promising.
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"Guess what? The world changes. eBay has defined e-commerce."
-Meg Whitman
Believe it or not, this month marks the 20th anniversary of eBay going live. While they may no longer be the darlings of the eCommerce world, investors are not complaining. The stock is up 479% since March of 2009 (about 75% annualized) and shares have proven to be resilient this year. The stock was up 20% before the recent market correction, and is still up 11% for the year and well ahead of the S&P 500 which is still down for the year. Is this a good time to buy?
read moreWhat are local data scientists in Toronto working on and what programming languages do data scientists use? Steven Zhang, CEO and Co-founder of EidoSearch joins the Data Science Panel Discussion with other leading data scientists on September 10th at Paytm Labs in Toronto for the inaugural event of the Data Science Series.
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"There are 106 miles to Chicago. We have a full tank of gas, half a pack of cigarettes, it’s dark, and we’re wearing sunglasses."
-The Blues Brothers
Gasoline RBOB has 8 times the upside to downside
Outside of 2008, this is the most severe drop in Gas prices we’ve seen in over 30 years. In June of last year RBOB was at $3.13, and by January of this year prices had dropped 60% to $1.27. After a bit of recovery through June, prices have now settled back to $1.42 and they are approaching 6 year lows once again.
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"And they're takin' their sweet time bringin' the oil back, of course, and maybe even took the liberty of hiring an alcoholic skipper who likes to drink martinis and play slalom with the icebergs, and it ain't too long 'til he hits one, spills the oil and kills all the sea life in the North Atlantic"
-Good Will Hunting
Early last week with panic setting into the stock market, we provided statistics in our Monday Market Call showing that there was 85% probability the stock market would drop less than 1.2% last week. We distributed the call with the market already down 4% last Monday morning. Are we just plain stupid?
Nope. We had the confidence of probabilities on our side. Understanding, through statistics, how the market reacts to these similar times historically provided us with an objective view on how the market was likely to respond once again today. The average or typical outcome we communicated last Monday for the SPX was a rebound of .91%. The market ended the week up .80%.
read more“All investing decisions come down to the range of outcomes that one can expect on a time horizon,” says David Kedmey, president and co-founder of EidoSearch. “When you talk about forecasting a range of outcomes, what is the most likely case? What is the risk around that? What is the probability of that range? It’s very fundamental. Markets are about probabilities, and nobody has an effective way to quantify that. If you ask a fundamental portfolio manager about price targets and probabilities, it’s like sticking a finger in the air.”
read more“Unless you can watch your stock holding decline by 50 percent without becoming panic stricken, you should not be in the stock market” -Warren Buffett
Chinese markets are in free fall, oil prices are plummeting and many emerging markets are now teetering on the edge of bankruptcy. Yet, there is 85 percent probability the S&P 500 drops less than -1.2 percent by this Friday’s close.
read more“Unless you can watch your stock holding decline by 50 percent without becoming panic stricken, you should not be in the stock market” -Warren Buffett
Chinese markets are in free fall, oil prices are plummeting and many emerging markets are now teetering on the edge of bankruptcy. Yet, there is 85 percent probability the S&P 500 drops less than -1.2 percent by this Friday’s close.
read more
"Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market"
-Warren Buffet
Chinese markets are in free fall, oil prices are plummeting and many emerging markets are now teetering on the edge of bankruptcy. Yet, there is 85% probability the S&P 500 drops less than -1.2% by this Friday’s close.
We screened through 5,500 US Equities and ADR’s, looking at 1 month trading patterns and doing literally billions of pattern comparisons to see what stocks have the strongest return probabilities in the next 5 days. And the winner is?
read moreWhat can the past tell us about the possible future direction of oil?
Toronto-based, EidoSearch, has built what David Kedmey, co-founder and President, calls a “pattern search engine” able to comb through price history of all US securities – across equities, fixed income, commodities and currencies – and identify hidden connections between what is happening to a given asset today and assets that have traded in a similar direction in the past.
read moreTo learn more about our technology, research opportunities, or to get a live demo of our software, please click below.
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