Q2 2024 Update

We are very pleased with the 24Q2 results for our revenue estimates.

i)                    Of the 118 companies we track using our Nowcasting methodology, we had highlighted 28 companies (24%) to either beat or miss consensus revenue expectations – 10 to beat, and 18 to miss.

ii)                   Of the highlighted companies, 79% ended up on the right side of consensus (hit rate).

iii)                 This hit rate of 79% was above the average of 70% for our historical estimates, and well above ~50% that is typical of most analyst estimates.

iv)                 This hit rate continues the trend of success from 24Q1, where we saw a similar hit rate of 77% from 22 companies highlighted for revenue beat/miss.

From its ability to identify consensus disconnects, AKAnomics signals have historically shown strong forward return characteristics. With low correlations to traditional quant and fundamental factors, these signals can add significant value to systematic/discretionary hedge funds.