AKAnomics Inc. Point in Time Event Returns Analysis

AKAnomics provides live revenue estimates for 130+ US Industrial companies. Their research demonstrates these estimates' effectiveness not just for weekly trading but also for event-driven strategies around earnings releases. The data shows strong Sharpe Ratios:

• 1.8 for the 3 days before earnings

• 0.9 on the first post-earnings day

• 1.6 for the following 3 trading days

These results, combined with the estimates' low correlation with other factors and the scarcity of alternative data in the Industrials sector, make AKAnomics' signals particularly valuable for hedge funds and discretionary investors looking to optimize returns around earnings events. Note that trading costs were not included in the analysis.