State Street enters into strategic partnership with FactSet to distribute MediaStats
State Street Corporation (State Street), a global provider of integrated financial information and analytical applications, has partnered with FactSet to distribute the State Street MediaStats Equity Indicators on the Open:FactSet Marketplace.
“We are thrilled to partner with FactSet, a leading provider of data and analytics for investment professionals,” says Will Kinlaw (pictured), senior managing director and head of State Street Associates, a global centre for technology that combines differentiated datasets with innovative thinking from some of the foremost academic institutions in the world. “FactSet’s scale and data integration capabilities will help more asset managers and analysts access State Street MediaStats. Together we can offer investors unique insights to help analyse companies and manage portfolios.”
The State Street MediaStats indicators have been developed in partnership with MKT MediaStats LLC, an academic research firm. State Street MediaStats scours more than 100,000 media sources as well as other big data sources to estimate future price rates. The indicators use natural language processing and machine learning algorithms to account for biases and helps filter out noise in the media based on a body of founding partners’ research. Media-derived insights are aggregated to understand broader industry and macroeconomic trends that help users leverage accurate and predictive insights for investment decisions.
MediaStats users can access the content sets on the Open:FactSet Marketplace and employ several methods to learn more about select companies. MediaStats Linkages indicators gauge the strength and impact of inter-company relationships based on co-mentions in the media. MediaStats Company Indicators provide rankings of the intensity, sentiment and disagreement of media coverage for selected companies.
• Intensity – reflects the frequency with which a given company is mentioned in the media.
• Sentiment – reflects the degree to which media coverage of a company is positive or negative.
• Disagreement – reflects the variance in sentiment in a given company’s media coverage.
“FactSet is constantly evaluating comprehensive and timely content to help our clients maximise the opportunities presented by today’s data,” says Rich Newman, senior vice president and global head of Content and Technology Solutions, FactSet. “Demand for smarter, connected data is only going to grow as clients search for strong content sets to strengthen investment decisions. There couldn’t be a better time to welcome State Street MediaStats to the Open:FactSet Marketplace.”