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ON-DEMAND WEBCAST: MediaStats - Adjusting for the Human Bias in Media Enhances Stock Portfolio Returns

While it is possible to extract alpha from media articles, researchers from MKT MediaStats have found that there are strong benefits from adjusting for inherent and consistent biases when building predictive models of future stock returns.

Research from MKT MediaStats has found that by analyzing the intensity, sentiment, and disagreement between media articles, it is possible to improve the predictive power of media analysis and improve the expected return predictions significantly.  The process of bias adjustment and incorporating a more sophisticated analysis of media coverage has shown to improve the information ratio and annualize returns of portfolios.

In this webcast, FactSet and State Street are joined by Ronnie Sadka and Gideon Ozik, co-founders of MKT MediaStats, to discuss how adjusting for the human bias in media enhances stock portfolio returns.

Download the webcast to learn more.

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Speakers

Host

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Drake Bushnell

VP, Director, Data & Solutions

FactSet

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Gideon Ozik, CFA, PhD

Founding Partner

MKT MediaStats LLC

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Ronnie Sadka, PhD

Founding Partner

MKT MediaStats LLC

Host

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Drake Bushnell

VP, Director, Data & Solutions | FactSet

Mr. Drake Bushnell is a Director of Data & Solutions at FactSet within the content and technology solutions group focusing on data integration and analysis. He and his team aim to reduce the burden associated with evaluating and integrating new content by solving for common challenges such as symbology reconciliation, and accelerating the discovery process by exposing detailed analysis and sample code. He joined FactSet in 2007 as a Consultant. Throughout his career, he has built extensive experience working with data and technology solutions across a variety of investment workflows. Mr. Bushnell earned a B.S. in Economics from the University of Richmond.

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Gideon Ozik, CFA, PhD

Founding Partner | MKT MediaStats LLC

Mr. Gideon Ozik is a quantitative fund manager, and affiliate professor and research associate at EDHEC Business School. He is the former head of investment solutions at Nexar Capital, and was previously a fund manager and head of hedge fund solutions at Société Générale, and quantitative derivatives trader at NISA Investment Advisors. Mr. Ozik holds a B.Sc from the Technion - Israel Institute of Technology, and an MBA from Washington University, Ph.D. from EDHEC Business School.

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Ronnie Sadka, PhD

Founding Partner | MKT MediaStats LLC

Professor Ronnie Sadka Senior Associate Dean and chairperson of the finance department at the Carroll School of Management, Boston College. His research focuses on the liquidity in financial markets. More recently, he has been developing big-data driven investment applications through MKT MediaStats, of which he is founding partner. Sadka is a frequent speaker at academic and practitioner conferences; his work has appeared in various outlets including Journal of Finance, Journal of Financial Economics, Journal of Accounting Research, Journal of Accounting and Economics, Journal of Financial and Quantitative Analysis, and Financial Analysts Journal, and has been covered by New York Times, Wall Street Journal, and CNBC.

Prior academic experience includes teaching at the University of Chicago (Booth), New York University (Stern), Northwestern University (Kellogg), and the University of Washington (Foster). Industry experience includes Goldman Sachs Asset Management and Lehman Brothers (quantitative strategies). Sadka recently served on the economic advisory board of NASDAQ OMX. Professor Sadka earned a B.Sc. (Magna Cum Laude) in industrial engineering and a M.Sc. (Summa Cum Laude) in operations research, both from Tel-Aviv University. He received a Ph.D. in finance from Northwestern University (Kellogg).

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