HedgeChatter offers social media stock picking platform to public

Source: HedgeChatter

HedgeChatter, a leading social analytics platform that offers sentiment analysis on actively traded stocks, announced this week that the company has launched its first technology product available for public use.

HedgeChatter provides an online SaaS dashboard that allows investors, traders and hedge funds to see how key influencers on social media are affecting stock price and view price trends based on real-time social media data ("chatter").

HedgeChatter processes nearly 1.8 million financial chatter messages every day from Twitter and other leading social channels. These messages are filtered for noise reduction, manipulation detection and price-to-message correlation, resulting in predictive alerts for stock direction. HedgeChatter is different from other social analytics firms by correlating multiple social media financial metrics and displaying the information visually. Many of the platform's functionalities are available free to users at hedgefund.hedgechatter.com.

"Hedge funds, wealth management firms and high-net-worth individuals have begun looking for ways to incorporate social media's impact on stock price into their overall trading strategies. There is huge demand to capitalize on this lucrative insight. The current competition offers services to just see trends in the volume of social chatter, which is only where HedgeChatter begins," said HedgeChatter CEO James Ross. "HedgeChatter not only looks at volume, but the tone of the conversations and author reputations, to deliver actionable insights from social media and news feeds. Clear and definitive social insights on stock price is exactly what HedgeChatter.com provides."

"Social media sentiment will play an increasing role in investment analysis as unstructured social networks like Twitter continue to attain mass adoption. The effectiveness of any particular social data-investing platform will hinge on its ability to decipher credible and influential chatter from social noise," said Chris Camillo, who sits on the company's board of directors and is this author of Laughing at Wall Street.

The company completed beta testing with multiple hedge funds and financial advisors with $500 million to $2 billion in assets under management. The company reports that early adopter results have been extremely impressive.

"As the rapid adoption of financial information across social media continues, traders and investors will come to rely on social media stock sentiment software. HedgeChatter offers traders and investors the first ever 'Social Media Financial Buy Signal Alert.' We've been watching this signal generate a winning percent of 65-80% and a return of 14-16% per quarter," added Ross.

How does HedgeChatter.com work? Investors enter a stock ticker or company name to immediately access a stock's page to see metrics such as sentiment and manipulation analysis, daily sentiment score, and other metrics and features.

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