Last month we announced our data licensing deal with Bloomberg. Over the next few months you’re going to see Estimize data in many other products and platforms throughout the financial world. Today we’re extremely excited to announce our partnership with ChartIQ in what we believe is a revolutionary product, the ChartIQ Price Horizon.

ChartIQ is a stock charting company focused on visualizing new sets of data (like ours) in the context of a price chart. With this new approach, fundamental investors have a whole new set of visualization tools at their disposal, and technical traders have access to a rich new set of data on their charts. Their software works on the web, iPads, iPhones, Android tablets, etc.

 

 

The partnership brings together Estimize data and the innovative charting technology of ChartIQ. Understanding how price has historically reacted to changes in the fundamental metrics of a company is extremely important to many investment and trading strategies. The ability to project the implied price of a stock based on its estimated fundamental metrics from the Estimize community is an amazing resource.

You can sign up for a free trial of ChartIQ Price Horizon by clicking the link below.

https://www.chartiq.com/estimize/

The most revolutionary aspect of this partnership is the Price Horizon calculation. This feature projects the expect price of a given stock at the time of the next several earnings releases by multiplying the current 12 month EPS and Revenue Estimize Consensus numbers by the P/E or P/S on day after the last reported earnings. You can also see how the consensus estimates from Estimize and Wall Street differ, and project different prices.

And obviously a company’s P/E and P/S ratios are not static throughout a quarter. The really interesting aspect of this product is the ability to visualize the implied price right on the chart, and then augment your own price target based on whether you believe those ratios will rise or fall over the following quarters.

We think the ChartIQ platform is an amazing way to consume and manipulate Estimize data. We’re lucky to have an awesome partner in Dan Schleifer the ChartIQ CEO, and we expect to be doing other great things with them in the future.

Head over to ChartIQ and get your hands on this awesome new tool now.

https://www.chartiq.com/estimize/

One of the most frequent feature requests we’ve gotten from our community of buy side and independent analysts is a Watchlist. There’s a lot of data flowing through Estimize these days, more than double what it was last quarter, and analysts need a way to keep up with the data relevant to them without having to search and sift through the platform. 

The other main request we received was for data to be presented in a table view with the ability to enter multiple quarters of estimates for the same stock at one time. Having your multi-quarter EPS and Revenue model accessible at-a-glance was something sorely lacking from the platform. 

So we combined both requests into the Watchlist view. 

The Watchlist is an extremely powerful feature in that it allows Estimize to feed you a personalized set of alerts and notifications related to the stocks you follow. These will eventually include the following notifications and more for the stocks you follow:

• Upcoming earnings report
• Company has reported earnings
• Estimize or Wall Street consensus is trending significantly
• Notable estimates (bold estimate by an accurate analyst)
• Weekly digest 

But the Watchlist gets even more powerful when you publish your own estimates. You’ll receive notifications when:

• Estimize or Wall Street consensus is trending away from your estimate
• Your estimate is well outside the normal distribution of estimates
• Your estimate is 60 days or older

You will have the option to receive these notifications via several different methods. 

• They will appear visibly on the Watchlist table
• Navigation bar alerts (think LinkedIn)
• @Reply tweets to your accounts on Twitter and StockTwits

We’re incredibly excited about all of the awesome things we can provide Estimize analysts with this data in hand, and we’re just getting started.

Add stocks to your Watchlist now.

As of this morning, all of Bloomberg’s 310,000+ users can access Estimize data directly on their terminals. 

We’re thrilled to have formed this partnership with Bloomberg, and you should be too. Coming only a week behind the inclusion of Twitter to the terminal, it’s obvious that Bloomberg has a forward looking view regarding innovative new data sets and content sources. 

The contributions of our 13,000+ strong buy side and independent analyst community will now be appearing on Bloomberg screens across the globe! It’s a massive validation of the quality of our data set (more accurate than Wall Street 69.5% of the time last quarter), our community, and our open philosophy. 

Here’s what this means for you:

• For starters, if you’re a Bloomberg subscriber you’ll now be able to access Estimize reports right on your terminal. 
• Next, if you’re an active contributor to to Estimize, you’ll have an opportunity to see your estimates showcased in these reports. We’ll be highlighting the best individual analysts for each security right in these reports. 
• Finally, these reports will be published between 1 and 2 days before each earnings release, so get your estimates in early for inclusion. 

To see a sample of the reports click here.

This is a tremendous day for all of us, so please take a bow and let your peers know what you’ve been up to at Estimize. 

Stay tuned for some exciting updates to the Estimize platform over the next few weeks as we reveal some of the awesome stuff we’ve been working on. 

The results are in! We’ve spent the last several days going over our Q1 performance metrics, and we’re finally ready to share them.

In the first quarter of 2013, the Estimize community beat the Wall Street consensus as often as 69.5% of the time.

We didn’t find these stats surprising, considering the members of our community: over 2,500 buy-side and independent analysts.

But there were some other stats and factoids that we’re very proud of - and were a bit surprised by - so we decided to put together an infographic to show them off in a simple, clear way.

As you’ll see in the infographic, our win rate increased by as much as 30% when the number of estimates per earnings release increased. The more contributions from our community, the more accurate the data becomes.

Stay tuned over the next few weeks as we release new features and updates to the Estimize platform that are going to blow your socks off.

Log in to Estimize and submit your Q2 estimates today!

Estimize is offering a position beginning effective immediately for a motivated individual with strong experience in sales and user acquisition within the financial sector. This individual will most likely have experience on an institutional equity or research sales desk.

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While you probably noticed the design overhaul on Estimize, you may have missed the updated scoring system and leaderboards that we rolled out yesterday. After listening to the community’s feedback as well as many internal debates, we realized that our existing scoring wasn’t meeting the goals that we originally set out to achieve and it needed a re-visit.

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A lot of attention has been focused on Research In Motion this quarter as the stock has more than doubled off the January lows. Was this just a dead cat bounce for a stock that had run out of sellers, or has RIMM been able to stop the bleeding from the past year and a half? 

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It is very interesting for us to watch what happens to collective sentiment for widely-followed stocks when we start seeing over 50-60 estimates per release. It gets even more fun when, in the case of Apple, we have over 300. This allows us to start looking at all kinds of different metrics that tell cool stories. 

One that I’ve been following closely on Apple is the distribution of estimates relative to the Wall Street consensus. The following two graphs tell an interesting story. 

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I just signed the last papers which close a deal to raise about $1.2M in Series A financing for Estimize, the company I started with Matthew Jording in June of 2011 after leaving StockTwits and shutting down Surfview Capital.

It’s really hard to explain the mix of emotions I’ve been through over the past 18 months. I didn’t want to leave StockTwits, I wanted to build Estimize there, but Howard pushed me out the door, and I’ll forever be thankful to him for that, no matter what the eventual outcome is. My girlfriend of about 9 months didn’t quite see it the same way at the time. I was madly in love with her, but she was weary of me starting another company, she knew the odds and the emotional toll it would take on me. She stuck with me anyway against better judgement, but I guess that’s what you do when you’re in love.

A few members of the StockTwits community, some silent, gave me about 100K to start Estimize in return for convertible notes, knowing that there was a high risk of failure, along with the fact that the 20% discount they would be getting on the eventual Series A valuation wasn’t much reward for that risk. I’m not sure many of you can understand what it’s like to have people put that much faith in you, your vision, and a really shitty pitch deck, it’s not like raising capital for a hedge fund, that was easy emotionally. It meant a lot to have these guys back us.

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Today we released a hand full of exciting updates to the Estimize platform; you can read more about them here.

Right now though, I’d like to introduce the new Estimize Global Rankings. One of the great aspects of our community sharing structured data is that we have the ability to effectively rank and rate contributors. But exactly how to go about doing that has been a point of discussion for several months within our company.

I’m proud with what we’ve cooked up, and I’m excited for us to release a deeper feature set soon which includes full overall, sector, industry, and asset specific leaderboards. While the Estimize platform has undoubtedly succeeded at proving a diverse crowd of individuals can be collectively smarter than Wall Street (wisdom of the crowd theory), it’s time for us to turn our attention a bit towards providing tools to uncover the best individuals (finding the needles in the haystack).

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