State Street Corporation has added two new macro indicators, focussed on currencies and countries, to its range of State Street MediaStats Indicators.
First launched in 2016 with State Street partner MKT MediaStats, the new indicators scan more than 100,000 digital media sources to help investors evaluate the impact of media sentiment on market behaviour and, more broadly, industry and macro economic trends. The new FX and Country Equity indicators provide daily sentiment scores that help investors understand media perceptions of foreign currencies and global equity markets.
“Our clients are particularly interested in currencies and equities, so we have expanded the coverage of State Street MediaStats to provide insights on these markets in addition to our company-level indicators,” says Will Kinlaw (pictured), head of State Street Associates, a division of State Street Global Exchange. “Our new indicators offer investors a near real-time pulse of broad media sentiment that will help them assess market conditions.”
Professor Ronnie Sadka, chair of the Finance Department at Boston College’s Carroll School of Management and co-founder of MKT MediaStats, says: “Our technology adjusts for a number of behavioural and statistical biases in media coverage. With the additional implementation of supervised machine learning to improve article relevancy in foreign exchange, we have created a stronger solution that can be easily incorporated into any investment process – quantitative or qualitative.”
