Heckyl FIND

Air India continues to lead news share of voice for 2nd quarter

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India’s national carrier Air India led the news share of voice (SoV) among major airlines for the second quarter in a row. On the other hand, the news SoV for Interglobe Aviation remained at the second position in the June 2018 quarter. Meanwhile, Jet Airways and SpiceJet’s news SoV for the quarter stood at third and fourth positions respectively.

Airlines Share of Voice
[Image 1: Top 4 airlines’ web news share of voice]
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Singapore Inc’s growth news flow hits 2-year high in Apr’18

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News flow related to growth-oriented business activities of Singapore firms touched the highest level in 2-years in April 2018, according to a study conducted by Heckyl, a leading Fintech engaged in news and financial data analytics. A surge in growth-oriented news flow signals improvement in the business confidence among companies listed in Singapore.

M&A, partnerships, product launch, contracts, and expansion were top 5 categories leading growth news flow for Singapore listed companies in April 2018. At the company level, Singapore Airlines Ltd, IHH Healthcare Bhd, and Comfortdelgro Corp Ltd led the growth news flow during April 2018. 

Heckyl has a clear focus on reduction of the information arbitrage by “discovery and analysis” of the news flow in real time. Heckyl’s FiND News and Sentiment Analytics product analyses news + data from thousands of sources (including social media) in real time. Our proprietary tagging algorithm can tag a specific news category to any news based on the keywords in that news item.

Singapore Growth Sentiment 2-yr - Small size[Image 1: Search by Tags screen for Singapore] Read the rest of this entry »

How News based EWS can identify distress corporate borrowers ahead of time

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Corporate default or bankruptcy do not happen overnight. There is a sequence of events such as layoffs, legal/ regulatory issues and management change leading to default or bankruptcy.

In our view, unstructured data sets such as news is an important piece of information that can detect such a sequence of events prior to default. 

Our hypothesis is that deep-dive analytics on news data can capture the pre-default behavior of corporates. At the same time, it can also help banks to identify distress corporate borrowers ahead of time. 

To test our hypothesis, we analyzed news data for 12 US-based oil and gas exploration & production companies which went bankrupt in the past 2-years. 

Key takeways from News EWS study

Here, we present one such case of SandRidge Energy Inc which filed for bankruptcy protection in May 2016. Read the rest of this entry »

Tesla Model S outsells German rivals in Europe for first time in 4 years

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2017 was the first year when Tesla’s Model S outsold its German rivals in the luxury sedan segment in Europe. Model S was launched in Europe in 2013, the same year as Mercedes S-Class and has been the main rival of S-class till 2016 before outpacing it in 2017 (Image 1).

Globally, Model S remains Tesla’s best-selling model and constituted more than half (53%) of the global deliveries in FY17.

Tesla - German peers - Annual Sales[Image 1: Luxury sedan annual retail sales in Europe for top 4 players]

Model S retail sales grew at a staggering 38.6% in 2017. On the other hand, BMW 7-Series and Mercedes S-Class recorded a drop of 13.4% and 1.4% respectively in 2017. Meanwhile, Audi A-8 reported a modest growth of 9.6% in 2017. Read the rest of this entry »

Sensex cos aggregate revenues likely to grow in Q3: Heckyl news study

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Heckyl news study has indicated a rise in Sensex companies’ aggregate revenues for the third quarter of the financial year 2018. Heckyl has developed an indicator to measure Sensex companies’ revenue visibility through analysis of growth-oriented news flow for the quarter. Our analysis showed that the movement in growth-oriented news flow and its underlying sentiment for the particular quarter can accordingly move Sensex companies’ aggregate revenues in the subsequent quarter.
We have analyzed nearly 60,000 growth-oriented news items for Sensex companies for the past 10-quarters. We identified 15 growth-oriented news categories which can have the potential impact on the company’s future revenue growth. Some of the growth-oriented news categories are contracts, expansion, product launch, M&A, fund-raising and business transactions. Based on the news volume and sentiment for these growth-oriented categories, we have prepared Heckyl Company Growth Indicator for Sensex companies.
Our back-testing has shown a strong positive 1-quarter lead-lag correlation (0.79) between Heckyl Company Growth Indicator (leading indicator) and aggregate quarterly net sales (lagging indicator) for Sensex companies for September 2015 to September 2017 period. In other words, Heckyl Growth Indicator for September 2017 quarter can act as a leading indicator for Sensex companies’ aggregate net sales for December 2017 quarter.
Heckyl Company Growth Indicator has correctly predicted the trend for Sensex companies’ aggregate net sales for the past 6 out of 7 quarters (Chart 1).
Chart 1

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