Sentieo Document Search: Updates in the Newly Released v 4.0

With the latest release, Sentieo’s industry-leading Document Search got even better! 

As a part of our continuous improvement, we have added both new document sources to our very extensive collection, and additional functionalities to improve your complete workflow. In addition, to help users navigate through our non-English language documents, we have added language filtering. 

In the new version, users can now search documents from the US Food and Drug Administration (FDA), the US Environmental Protection Agency (EPA), and PubMed, totaling about one million new documents. In detail, we have over 20 years of history for PubMed (primarily the MEDLINE database), six years for FDA documents (press releases, recalls, withdrawals and others), and three years of EPA documents (press releases, enforcement announcements, superfund and brownfield updates). These document sets come on the heels of our private company data and LexisNexis news sources integrations last year. 

These documents can be integrated into your workflow just like the rest of our other docs: fully searchable (including our ML-based synonym search, saved searches and saved search alerts), with the ability to highlight and capture screenshots for your Notebook for future use, as well as our extensive Boolean operators. Some of the documents from the FDA and the EPA are tagged to publicly traded or private entities. 

To find these documents, use the Source drop-down anywhere in our Document Search. 

In this short instructional video, we go over the new document sources with some searches, and we show how these additions can be seamlessly integrated into your workflow. We show how to search FDA documents for mentions of listeria, a frequent cause of product recalls, highlight, label and save these passages; we then look for EPA documents containing mentions of superfund site Newtown Creek, and we save this search so new mentions will be pushed to us. Finally, we look at the PubMed database, where we find an interesting article, and we use our screenshot function to grab a chart with study results from it. 

 

 

In this second video, we show how to filter for documents in different languages in our Document Search, and how to use non-English search queries with our Booleans. We then show how to highlight and label the doc just like one can do with an English language doc. 

 

The Power of Sentieo In Your Pocket: Stay Productive with Mobile Apps for iPhone and iPad

We realize that it is crucial to have access to your research documents, data, news, notes, and alerts — anytime, anywhere. This is why we’ve created a Sentieo mobile experience with our iPhone and iPad apps. Stay productive on the road and never miss important developments about the companies and industries you care about.

Document Search on Sentieo Mobile 

Sentieo’s Document Search web application features are also available in our mobile apps:

  • Search through all types of documents exactly as you do in the web app, using the exact same filters (and ability to save filters), as well as the same “IN:” commands to search keywords within specific documents.
  • Read company documents even when you don’t have an Internet connection with automatic, offline sync.
  • Highlight and annotate documents — both online and offline. Redline documents easily in the iPad app.
  • Save time and don’t risk missing material insights, signals, and trends, with Smart Summary™ transcript analysis
  • Find the right search phrases with query autocomplete, powered by Sentieo’s natural language processing
  • Stay organized by bookmarking documents, sharing them via email, and even exporting to PDF on mobile 

 

Alerts and Push Notifications

  • Keep getting real-time alerts from the platform: in your email inbox or via push notifications on mobile
  • Get customizable alerts on anything you want to follow, whether it be news, new documents, financials, search results, and more

 

Data and Visualizations 

Sentieo’s data and visualization features are also accessible on-the-go.

  • Continue to follow tickers and receive real-time price updates for your Watchlists
  • View your financial models and metrics via iPhone, iPad, or offline, including income statement, balance sheet, cash flow, ratios, company valuation, and comps tables with customized metrics 
  • Access your Sentieo charts via iPhone, iPad, or offline, including: historical price charts, intraday charts, trading multiples, estimates charts, and growth charts
  • Stay on top of your News Stream of social media, news, company documents, market data, multiples, and more

 

 

Research Management 

Get a constant live stream of the content your team is sharing. Save your email inbox from overflowing by using the Sentieo Notebook app.

  • Create notes that are searchable across mobile – and access all of your custom note templates.
  • Highlighting and annotating documents — both online and offline (any highlight or annotation you make is automatically tagged and saved to your Notebook)
  • Forward any email (with or without attachments) to your Sentieo account, and the email content will automatically be tagged, saved to your Notebook, and made searchable
  • Clip and tag any website or article to send it directly to your Notebook with Mobile Clipper
  • Collaborate with others via mobile by sharing any note or saved asset with a colleague, team, or your entire organization. Eliminate long email chains with our commenting functionality.
  • With mobile offline access, all of the above features are available with or without an Internet connection!

 

Download The Apps:

 

Available for use by existing Sentieo users.

Available for use by existing Sentieo users.

Available for use by existing Sentieo users.

 

Don’t have Sentieo yet? Sign up for a trial here.

Taking a Data-Driven Approach to Alpha Generation: Part 3

From the rise of indexing and quantitative strategies to an explosion of alternative data and fee compression, we’ve seen an evolution of the market. The need to “research different” to maintain your edge is greater today than ever before. 

In our three-part blog series, “Taking a Data-Driven Approach to Alpha Generation,” we’re covering three different strategies to overcome overreliance on hunches, intuition, or biased views. We’re also recommending ways to start quantifying and visualizing investable trends— to ultimately generate alpha faster. In the last few weeks, we’ve discussed how to make alternative data work for you and how to capitalize on your internal datasets for alpha generation. Today, we’re wrapping up the series with how to create powerful visualizations over time using sector-level financial metrics.

If you had an idea about leverage trends in US Consumer Staples, you could chart the quarterly Net Debt to EBITDA ratio for a basket of stocks and then calculate a simple average of these to see the overall trend. The example below shows that after a decade of low interest rate policies, consumer staples companies are now substantially riskier, from a credit perspective.   

Interactive public viewer chart link 

Or if you combine the market caps of the publicly-traded US homebuilders and chart it against the US 30-year fixed mortgage rate, you see the really high sensitivity of the builders’ collective market capitalization against the mortgage rates. 

Interactive public viewer chart link

Innovative combinations and visualizations of traditional data sets are another proprietary approach to supporting your research efforts. Successful investors identify new trends and develop winning investment theses every day.  The question is: who will identify the trend first? It’s no longer enough to simply be accurate; today you need to be accurate the fastest. Technology is key here. From using alternative data and building out internal proprietary datasets, to combining traditional datasets, technology is enabling analysts to take advantage of the large and growing number of data sources out there.

We hope you enjoyed this series. Download the full guide to go even more in-depth on these three data-driven approaches.

Who Won Black Friday and Cyber Monday? Sentieo Uncovers 5 Winners and 1 Loser

For investors in Consumer Discretionary and corporates operating in that space (retailers, consumer products), monitoring various sources of alternative data is of paramount importance. Search trends (and their year-over-year change), Twitter mentions (with year-over-year changes), web traffic (also with year-over-year changes) alone or together can provide important, real time insights during this critical holiday shopping period. We used a number of these sources, by themselves and combined, to look for standout products and companies. 

All indications point to the 2019 holiday shopping season remaining very strong, with 3.8%-4.2% spending growth expected. Online spending on Thanksgiving Day itself was up almost 15% to a new record high. Adobe’s shopping tracker reported $7.4 bn in online spending on Black Friday, up almost 20% YoY, and another $3.6 bn Cyber Monday, up 18% YoY. 

5 Holiday Winners

 

1. Peloton

Maybe you’ve seen The Ad, and maybe you’ve read about the controversy. Perhaps you liked the ad, or perhaps you did not. But what really matters here is that Peloton, a relative newcomer to the public markets, was able to dominate the conversation for a few days (!) and insert its $2,000 stationary bike + $39/mo sub plan as a possible holiday gift for many consumers this year. Step aside, Lexus! 

Interactive public chart viewer 

 

2. Roku:

We really liked Roku in early 2019 when we released our Sentieo 11 alternative data stock picks: it was the top performing pick in H1. We also included it in our July 13 picks for H2 2019. We discuss the idea in detail, as well as the overall alternative data methodology used, in this webinar from July with our CEO/co-founder Alap Shah and VP of Product Arib Rahman. 

Our alternative data composite index (a multivariate regression for the most predictive basket weights of the available data sets) is pointing to an exceptionally strong holiday season for Roku. We would not be surprised to see a revenue beat (street estimates of quarterly revenue are the dotted green line in the chart; actuals are the solid green line). 

Interactive public chart viewer 

 

3. Airpods: 

Airpods are… seasonal? 

The bluetooth audio/mic earbuds by Apple are hot this season much to our surprise. (Did everyone lose theirs at the same time, or are they now a discretionary accessory?) We can’t be sure, other than what we see in the data: highest ever search interest and seasonal high Twitter mentions (30-day moving average) for the product (starting at $159 in the US for the basic version).

Interactive public chart viewer 

 

4. Rosetta Stone:

Rosetta Stone is a language learning software company that has had its ups and downs over the last few years. We spotted the alternative data index acceleration in our Screener, and we were immediately interested. 

Interactive public chart viewer

The acceleration is due to web traffic: we are seeing a 100%+ spike on a year-over-year basis on rolling 30- and 91-day moving average basis. 

Interactive public chart viewer  

 

5. Five Below:

The discount retailer was also another one of our H1 picks, like Roku and Nintendo above. They reported strong results on December 4th (retailer fiscal years are generally on a January year-end so their earnings season is later than most: see our Q3 machine learning/NLP Transcript Smart Summaries here on real Q3 calls from Facebook, YUM! Brands, Beyond Meat and Merck). We see strong data sets for Five into the holiday season (yet to be reported). 

“Stacked” search trends show annual search trends for the entire year, “stacked” on top of prior years. We see that 2019 has been very good for Five Below, including the current holiday season. 

We are also seeing good web traffic. 

Interactive public chart viewer 

The momentum has meant a great looking Sentieo alternative data composite index for the FIVE revenue growth for the quarter that was just reported, and likely continued strong performance through the holiday season. 

Interactive public chart viewer 

1 Holiday Loser: Victoria’s Secret 

Our pick for the loser this holiday season is Victoria’s Secret, a unit of L Brands. The lingerie brand has seen years of declining search interest and weak comparable store sales, as shown in the table below, which uses our one-click table chaining and extraction tool.

We are seeing very weak search trends compared with the last 10 years!

Note that VS is one of two brands for the parent company, L brands. The other one, Bath and Body Works, has been strong over the last few years. 

To try analyzing alternative datasets for yourself, try Sentieo today.

Taking a Data-Driven Approach to Alpha Generation: Part 2

Over the last few years, we have seen the not-so-gradual evolution of investment marketing, from the rise of indexing and quantitative strategies to the explosion of alternative data and fee compression. The need to “research different” to maintain your edge is greater today than ever before. But despite the changes, there remains one major thing all successful investors do: correctly identify trends. 

Over the coming weeks, we will cover three different strategies to overcome overreliance on hunches, intuition, or biased views and start quantifying and visualizing investable trends, to ultimately generate alpha faster. You can skip ahead and read the full report here.

A couple weeks ago, we covered everyone’s favorite industry buzzword: alternative data. Today, we switch gears and focus on how to capitalize on your internal datasets for alpha generation.

When looking to “supercharge” research, it’s important to include internal proprietary data sets, such as search statistics on corporate documents, like earnings call transcripts. Unlike alternative data sets, which are widely available for purchase, document search statistics are your own internal proprietary data set. These can be a powerful source for trend identification and verification.

One example of this is the short-lived “gluten free” fad. A quick search of conference call transcripts that mention “gluten free” show that while gluten intolerance is in fact a real issue, it really only impacts a small percentage of the population. As a result, the corporate response clearly came and went

Another example is the opioid crisis. In this case, search statistics help quantify metrics for risk management purposes. For example, we can see that the number of 10-K filings with Risk Factors that mention “opioid” or “opioids” have increased substantially over the years

Search statistics for documents can also be combined with financial metrics to spot trends in an industry group as a whole. For example, combining restaurant industry transcript mentions of “wage inflation” against the average adjusted EBIT margin for a group of US casual dining chains shows that the margin peaked and started to decline shortly after document statistics pointed to increasing wage pressures

But these internal datasets can do more than just verify or quantify trends, they can also help you spot trending terms as well as “equivalents” to help you generate ideas and develop a thesis. For example, looking at all corporate documents for YUM! Brands (global parent of KFC, Pizza Hut, and Taco Bell), we can identify company-specific trending topics.  

This same concept can be applied to searches for document types: searching 10-K filings with the SEC for Vietnam and other Southeast Asian countries are trending in the mix.

Most importantly, search statistics for documents are entirely your own proprietary data set. Because they’re not available from the data vendors, they are your own competitive advantage and enable you to preserve your edge for longer.

Next week, we’ll cover how to create powerful visualizations over time using sector-level financial metrics. If you can’t wait that long, you can download the full report here.

Save More Time with Sentieo’s New Category Search

About Sentieo Document Search

Clients love Sentieo’s industry-leading Document Search for its depth, precision, and workflow integration. Users save hours with the ability to search across all companies, watchlists, individual entities, or by excluding tickers from searches.

Easy document specification with our IN: function covers the most common document types. (For example, search just 10-Ks or just transcripts). Our in-section search lets you search within a specific document section (in:10k MD&A or in:transcript), or by speaker (statements by CFO, by analysts, etc). You can also search PPT presentations, or get very granular document-level controls like “8-K Credit Agreements.” Filter down your search by industry classifications, geographies, market caps, and timeframes. 

Add another layer with our large library of Boolean operators, like “OR” for parallel searches and “BEFORE/NEAR/FAR” for proximity and order control. In the background, we have three levels of synonym control for the thousands of synonym/acronym groups. For example, sales and revenue will “pick up” each other, so you don’t need to know the exact term that the company uses in order to find what you’re looking for.

Machine learning-based Document Search will dynamically suggest synonyms based on your specific query, in addition to autofilling text in your query based on your document set. And if you do not have a query, Sentieo will suggest trending terms based on the searched ticker.

We have extensive Document Search statistics that let you see real trends, and you can drill down quickly with one or two clicks. Imagine seeing all companies that mention China within 25 words of Vietnam, clicking on Consumer Discretionary, and then seeing the top companies that mention your query most frequently. You can also do a “search within a search.” 

On the workflow side, you can save all positive hits as a watchlist for future work (for example, all Industrial companies with a market cap over $1 bn that mention Mexico in their 19-K Risk Factors). You can even automate your workflow with saved searches. All of our searches can be saved and turned into email and/or desktop alerts at the frequencies of your choice.

Highlight and label text as you read, and these annotations will be all stored and automatically ticker-tagged in your Notebook. You can even call out your team members with comments: “are you ready to take a look at this note on [x]?” Take screenshots from presentations and use the web clipper to bookmark webpages. All of your internal documents including uploads, emails, notes, and built-out theses are searchable, too. 

So What’s This New Category Search?

We’ve had in-table search functionality for years, enabling users to find numbers that are broken out in tables. For example, find mentions of EMEA Revenue only in tables, rather than everywhere in the doc. In our latest release, we’ve taken locating numbers to the next level. 

With the newly-released v3.9, users can search for specific types of numbers based on our very extensive categorization system. A Category is a set of keywords which are not synonyms but have similar meanings or constructs.

Category search allows you to search for an entire class using one search term. You can now look specifically for categorized numbers, such as currency, percentages, duration, length, area, temperature, volume, and a lot more. So now finding the “sales growth percentage” or “production volumes” takes a second. 

Moving forward, we will show a few examples of what is now possible in Sentieo’s Document Search.

In this query below, we are searching transcripts for revenue growth within 10 words of a percentage. You can also see how “revenue” picked up “sales” as a part of the synonym search. 

Swapping out the percentage from the query above with the currency categorization, we can look for currency amounts, like dollars or euros. 

Staying on top of KPIs is also easy with our new numbers categories. You can search for specific information like oil/gas production volumes or leasable area in real estate. 

You can search 8-K Credit Agreements for leverage ratios using the Ratio classification:

Need to call up a company? Search all filings (in:CF) for the headquarter phone number listed on the front page. 

The numbers we classified do not even need to be numeric. As a part of this update, we have fractions, time periods and more. 

These are just a few of our new Document Search use cases. Sentieo offers many more categories that help you find exactly what you need, faster.

To find out more about our new Category Search, or any part of Sentieo’s research workflow solution, please get in touch.