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Alternative Market Briefing

Estimize launches Select Consensus, hires Vinesh Jha

Friday, September 20, 2013

Bailey McCann, Opalesque New York:

New York-based Estimize, has launched a new feature to add to its crowdsourced buy-side analysis of public companies. The new feature - Select Consensus is a weighted average based on an advanced quantitative research process. According to Estimize Founder and CEO Leigh Drogen, the company has been able to determine which attributes of an analyst’s track record, biographical data, and the individual estimate in question, give us the highest confidence that the individual estimate will be either more or less accurate than the other analysts within the distribution. Each estimate is given a confidence score, which is used to weight the consensus more or less heavily in favor of that individual analyst’s projection.

Estimize as an analyst platform is still relatively new, but the company has steadily rolled out new features. Through their community of analysts, Estimize has been able to beat sell-side analysis over 60% of the time. The company is also providing data on a limited set of private companies.

In addition to the launch of Select Consensus, Estimize has also hired Vinesh Jha, who was previously Executive Director at PDT, which was originally a proprietary quant trading unit of Morgan Stanley, and later spun out as an independent hedge fund called PDT Partners. Before that, Jha was the Director of Quantitative Research for StarMine, which works to bring more accountability to sell-side analysis.

In his new ro......................

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