estimize

Estimize

http://www.estimize.com/

Public Sandbox Description

Estimize is an open financial estimates platform which facilitates the aggregation of fundamental estimates from independent, buy-side, and sell-side analysts, along with those of private investors and students. By sourcing estimates from a diverse community of individuals, Estimize provides both a more accurate and more representative view of expectations compared to sell side only data sets which suffer from several severe biases.

Click here to be introduced to Estimize

###Information###

Contact	Details
[email protected]	https://www.linkedin.com/company/estimize
{ phone }	{ crunchbase }
	{ google-plus }

Social Media
{ twitter }
{ instagram }
{ facebook }

##Sandbox Member:##

• Data Provider Since: { provider_start_date }

###Contact Information###

Profile	Name	Role	Email Address	LinkedIn	Twitter	Slack	Skills
	{ person1_name }	{ person1_role }	{ person1_email }	{ person1_linkedin }	{ person1_twitter }	{ person1_slack }	{ person1_skills }

Products

Below is a list of Products offered by this data provider.

Sample Product

{ product1_description }

Business Model Specs:

• Cost or Licensing Structures: { product1_costs }

Technical Specs:

• Delivery Method: { product1_delivery_method }
• Update Frequency: { product1_update_frequency }

Marketing Materials (list of pdfs or files that have been uploaded to the wiki)

• { product1_marketing_doc_1 }
• { product1_marketing_doc_2 }

Technical Documents (list of pdfs or files that have been uploaded to the wiki)

• { product1_technical_doc_1 }
• { product1_technical_doc_2 }

Reviews

{ review1_sandbox_member }: { review1_date }

{ review1_text }

{ review2_sandbox_member }: { review2_date }

{ review2_text }

OLD README.md

###Estimize

####Overview:
Estimize is an open financial estimates platform which helps to aggregate fundamental estimates from buy-side, sell-side analysts, investors and students. Under the crowdsourcing system, 12,738 analysts are contributing.

Estimize generates the consensus earnings estimates from a community of its members. Its predictive analytics system also calculates the accuracy of individual estimates with confidence scores. Estimize is also part of BenZinga's Playground Datasets which serves as a platform for external and niche data providers.

Company website: estimize.com

####Types of Featured Data:

• Equity (free-access):
  • Earnings and revenue estimates
  • Equities are categorized by sectors
• Economics (free-access):
  • Estimates on economic indicators
  • Examples: housing, employment, CPI, etc.
• Their API database provides more detailed data for analytics:
  • Equity and economics: Estimize estimates and Wall Street consensus in addition to the data available from free databases aforementioned.
• Equity screener

####Review on Estimize:

• Uncertainty of Estimize estimates

  • Our analysis from Estimize has shown that the range of EPS forecasted is much larger compared to Wall Street consensus.
  • More examples can be viewed here.

• Wisdom of the crowd?

  • Everyone can contribute to the pool of estimates regardless of the qualification. The community is split broadly among individual investors, buy-side and sell-side professionals.
  • However, the estimates can be more independent than brokers, considering the potential conflicts of interests faced by analysts.
  • The company is newly established in 2011, will their methodology sustain throughout economic cycles?

• Research results from Deutsche Bank

  • They did a statistical research on Estimize and Wall Street consensus (IBES).
  • Majority of Estimize forecasts are keyed in one week or a few days before the earnings announced rather than several weeks ahead by Wall Street analysts. The timeliness is a major reason why Estimize is more accurate 2/3 of the time when stocks are covered by more than 20 community analysts.
  • Performance comparison:
    • As the time gets closer to the announcement date and more analysts cover the stock, Estimize forecasts become more accurate.
    • One day or one week before the announcement: Estimaize outperforms; one month before the announcement: Wall Street consensus outperforms.
    • In Estimize, buy-side estimates are more accurate than the sell-side. However, IBES error rate is smaller than sell-side analysts from Estimize. This underlines more experienced analysts do not contribute to Estimize.
    • The reasons above also partly explain why Estimate non-professionals have better estimates than professionals.

• Short-term trading strategies based on Estimize estimates do generate positive alpha. Due to the diversity of views, it also appears to be a better market sentiment indicator reflected by the post earning trading results.

• Lastly, because of the timeliness and diversity, the estimates in the Estimize system may represent a distinct alternative to the Wall Street consensus.

• More white paper results can be viewed here.

####Data Access:

• APIs can be used to request the data.
• API requests should be made to http://api.estimize.com/.
• You must supply your API key in the HTTP header X"Estimize"Key.
• More details can be requested here.

####Data Formats:

• Estimize supports the JSON format.

####Reference:

• www.estimize.com
• www.benzinga.com