TipRanks Launches ETF Research Tools for Investors

TipRanks, a top financial big data Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Read this Term company that makes institutional-grade research tools and data available to retail investors, has finally introduced research tools for the trading of 7,000 exchange-traded funds (ETFs). The tools offer analyst forecast and price targets, Smart Score prediction and technical analysis for ETFs.

The development comes 10 years after the firm, which was founded in 2012, introduced research tools to help investors make data-driven decisions during stock trading. TipRanks announced the milestone on Monday, noting that it “has revolutionized the world of ETF research.”

“We are pleased to announce that we have added ETF research capability, covering 7,000 ETFs. We provide in-depth, unique datasets on ETFs that you won’t find anywhere else. Thanks to TipRanks, investors will find all the data they need to fully delve into the ETFs they already hold or are considering buying,” TipRanks explained in a statement.

TipRanks Gets Strong Demand from North America and the UK

Speaking to Finance Magnates on the development, Uri Gruenbaum, the CEO and Co-Founder at TipRanks, noted that the firm is getting significant traction with the new tools.

“It has been out for less than a week and we have seen very strong demand (more than expected), mostly in North America and the UK. Our sales team are currently working around the clock to support the inquiries as we did not expect this level of interest,” Greunbaum explained.

Furthermore, the CEO noted that it was seeing “very positive early signs” of interest directly from retail investors even as the firm expects this to rise since it only launched the tools today. “We have no doubt as our users have been asking about it for the last few years,” Greunbaum added.

TipRanks Explains New ETF Research Tools

According to TipRanks, the analyst forecast and price target tool provides average analyst consensus on an entire ETF holding based on the underlying assets. On the other hand, the company said it has extended its Smart Score function to EFTs in order to use six key factors such as the weighted average of an ETF holding, to predict the performance of an ETF. The performance predictions are ranked on a 1-10 score.

In addition, the tool for technical analysis provides technical details, such as simple and exponential moving averages, to help investors understand how an ETF is being traded.

Meanwhile, the introduction of the new research tools comes over a month after TipRanks disclosed plans to acquire The Fly, a digital financial news publisher. Furthermore, in August last year, the company partnered with Admirals to improve the research capabilities of traders.