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June 11, 2012 08:23 pm GMT
You may remember Estimize from our coverage back in April. The service basically pits an average of user estimates against Wall Street analysts when looking at the trajectory of any given company's stock. Users are encouraged to make their best guess for upcoming EPS and Revenue estimates up to eight quarters out. The service is sure to be a forthcoming disruptive force, with the Estimize community predicting more accurately than Wall Street experts between 67 percent and 77 percent of the time.Estimize generates even more accurate results compared to the pros when it's given more data. If there are four or more estimates given for a certain company's quarter, the Estimize community beats out Wall Street 67 percent of the time. That number hits 77 percent when more than 20 estimates have been accrued. This means that the more data Estimize is given, the more likely it is that the Estimize community will generate more accurate estimates than Wall Street.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5LnlonR_9bc/
On Estimize, An Open Financial Estimates Platform, Users Are 67 Percent More Accurate Than Wall St.
You may remember Estimize from our coverage back in April. The service basically pits an average of user estimates against Wall Street analysts when looking at the trajectory of any given company's stock. Users are encouraged to make their best guess for upcoming EPS and Revenue estimates up to eight quarters out. The service is sure to be a forthcoming disruptive force, with the Estimize community predicting more accurately than Wall Street experts between 67 percent and 77 percent of the time.Estimize generates even more accurate results compared to the pros when it's given more data. If there are four or more estimates given for a certain company's quarter, the Estimize community beats out Wall Street 67 percent of the time. That number hits 77 percent when more than 20 estimates have been accrued. This means that the more data Estimize is given, the more likely it is that the Estimize community will generate more accurate estimates than Wall Street.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5LnlonR_9bc/
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