Proxycurl: Learn how alternative data can be obtained with their products

Hi there developers. I’ve recently discovered and found useful a product of Proxycurl from which you can get alternative data. It might be useful to you as well.

Alternative Data — What does it mean?

It is possible to predict the future performance of a company or asset using non-traditional data.

Traditionally, companies (cash flow, financial statements, press releases) and macroeconomics (GDP, inflation rate) have provided traditional data sources.

Alternative data is becoming increasingly popular as it provides timely and unique insights that were previously difficult to come by. As hedge funds and investment companies utilize it to generate investment alpha, it has become a game changer in the investment and financial world.

In the data-driven financial market, there is already an abundance of alternative data available, most of which comes from devices. What is the most effective way to harvest and package them into meaningful data that can provide actionable insights?

Where does the alternative data actually use?

Investment firms and hedge funds are very common users of alternative data.

Gut feelings are less relevant to professional investors today. Hedging funds even predict REIT values and the economy using location data pulled from mobile devices, according to Rob Matheson on MIT News.

Investing analysts, quant traders, and fund managers use alternative data to guide their algorithms, generating consistently better returns than the broad market.

Where can we obtain these Alternative Data?

This is where Proxycurl products come in!

TLC_The_Ultimate_Guide_to_Alternative_Data_-_What_Is_It_Really_2.png

Proxycurl- People & Company alternative data Proxycurl’s data handling capabilities are impressive, and unstructured data is no exception. The company specializes in enriching the data of people and companies — offering insights into people profiles, company profiles, work, and personal email addresses, jobs, and more.

APIs offered by Proxycurl can drive and power data-driven applications for hedge funds and investment firms. In addition to being extremely user-friendly, these APIs are also very cost-effective. Users are not tied to bulky, heavy subscriptions or contracts with their services since they are credit-based for as little as $0.01 per profile enrichment.

To learn more, please check out the official blog about Alternative Data.

Did you find this article valuable?

Support Rahul Khinchi by becoming a sponsor. Any amount is appreciated!