ExtractAlpha's offerings range from sentiment, web data, technical, NLP, and ESG datasets to crowdsourced financial forecasts on its platform Estimize. The research team uses quantitative techniques to identify predictive signals within these diverse datasets that can forecast company fundamentals like revenues and earnings.
One example is ExtractAlpha's innovation dataset, which quantifies a company's innovative activities by tracking metrics such as patent filings, trademark applications, and hiring of skilled workers through visa data. The firm has found that innovative companies tend to outperform, with this effect amplified during the Covid-19 pandemic for companies enabling remote work and digitization.
ExtractAlpha has also developed tools to map companies' environmental and social impacts by analyzing their economic activities and disclosures, providing investors a framework to construct portfolios aligned with specific sustainability goals.
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