Analyst Index - Directory of top-performing stock analysts
Show HN: Analyst Index – analysts who make money telling you good stock calls
Analyst Index is a platform that helps investors find analysts who consistently make profitable stock calls. It tracks reported performance and the original terms of every price target, offering a transparent view of analyst accuracy. With coverage of 25 analysts across 11 sectors and 3 stocks, the site ranks analysts by a proprietary index score. Users can explore detailed profiles, including targets evaluated and overall ratings, to identify reliable sources for investment research.
Find the analysts who see clearly.
- phyalow
This is literally just open source “Alpha Capture”, Marshall Wace run their TOPs strategy in a similar but much more sophisticated manner (private data), this would just be a very low dimensional data source against many. Do some googling as do many other hedge funds for their relative interest in the space. I doubt if there is much edge to be had here now based on just price targets. Also OP most Sell-side equity research is garbarge and merely serves as marketing for the analysts institution.
Have fun and all but I doubt this is going to give you a durable strategy or market edge.
- dackle
I'm not sure if any sell-side analysts would join this service. The sell side and the buy side have their own ecosystem, and they are highly unlikely to share information such as target prices with third parties. The sell-side analyst writes a research report, the firm he/she works for spams it out to buy-side clients and then the analyst gets on the phone and starts calling those clients to talk about the report. If the sell-side analyst is lucky, the buy-side client will then put a large trade through with the trading desk at the sell-side analyst's firm. If this happens frequently, the analyst is handsomely rewarded at bonus time.
Echoing phyalow's comments, most sell-side research is indeed garbage. Target prices are often today's price plus 15-25%. Then the analyst massages his/her EPS or EBITDA estimate and P/E or EV/EBITDA multiple so that the target price is plausible. Most larger companies provide earnings guidance, so the analyst will stay within the guidance range and apply a plausible multiple to arrive at the pre-determined target price. The analysts are all afraid of going out on a limb and making a bold call, so before publishing research they run over to the Bloomberg terminal to check the target prices and estimates of other analysts covering the stock, and then adjust their targets/estimates accordingly.
The real value of sell-side research to a buy-side client is being able to get on the phone and talk to someone who is very knowledgeable about a stock. If […]
- bravoetch
I like this idea. There's at least one system I know of in competition with your business model. In trading desks, the data of traders is analyzed ato reveal the better traders. Almost always it's because they have some kind of 'inside' information. Can be a small thing like a friend that works somewhere keeps giving them tidbits. Legal or not, this is reality. The finance companies take this internal trading data and build models based around those traders, and sell the trade advantage to their own customers.
I think your site needs to compete with that, and other existing systems for adding value to 'better traders'.