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.
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.