NEW YORK, May 12, 2015 /PRNewswire/ -- Market Prophit (www.marketprophit.com) an industry-leading provider of real-time stock market sentiment analysis of social media conversations has launched the first-of-its kind social media sentiment smart beta index. The index will be calculated by S&P Dow Jones Indices based on their corporate actions data and Market Prophit's proprietary sentiment data. The index, which will be both real time as well as have end of day historical values, will be available on the Bloomberg Terminal under the ticker symbols CROWD, CROWDTR, and CROWDNTR (index price return, index total return, and index net total return) respectively.
"There has been an explosion of market-moving chatter in social media and Market Prophit has been providing information on social-sentiment to investors both through our platform as well as our API. Now the wisdom of these crowd-sourced opinions can be made available to investors through ETF sponsors, financial institutions, and other third party providers. Our new index reflects the real-time pulse of the market," said Igor Gonta, CEO of Market Prophit.
The index is comprised of the 25 most mentioned companies in social media chatter currently representing over 3.5 T in market cap, and is rebalanced based on the sentiment of that chatter as computed by Market Prophit's proprietary Big Data Analytics engine.
The smart beta ETF market is expanding quickly with investors looking for alternatives to passive strategies to express their viewpoints. Sentiment is one of the components that can drive stock market prices, both in the short and long-term, and the market has flagged an interest in the ability to isolate the sentiment-only component of that price action. Through this new smart beta index, investors will be able to identify this crucial component.
About Market Prophit
Market Prophit is a financial Big Data analytics company delivering real-time, meaningful intelligence to investors through sophisticated natural language processing, predictive analytics, and powerful visualizations of sentiment and buzz derived from financial related conversations in social media chatter. Market Prophit uses quantitative algorithms to rank and score financial pundit/blogger performance based on the accuracy of their stock market commentary and track record of predictions. Whether you are a self-directed retail investor, a day-trader, a hedge fund portfolio manager, a research analyst, or simply interested in getting the current crowd-sourced buzz on the market, Market Prophit does the number crunching for you so you don't have to.
"Market Prophit Social Media Sentiment Index (the "Index") is the property of Market Prophit LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. "Calculated by S&P Dow Jones Indices" and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by [Licensee]. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones® is a registered trademark of Dow Jones Trademark
SOURCE Market Prophit