Facteus and Covariance.ai have launched the Stratum3 Data Suite, a revolutionary CPG data product designed for hedge funds. By combining Facteus' vast CPG transaction data with Covariance's advanced machine learning algorithms, Stratum3 offers differentiated and faster signals to drive alpha generation in CPG investments. The inaugural product, Stratum3 Index, provides daily, low-latency signals with comprehensive historical data and granular customer insights.
PORTLAND, May 29, 2024 /PRNewswire-PRWeb/ -- Facteus, the leading provider of alternative data and insights, and Covariance.ai, an industry-leading machine learning platform for nowcasting & forecasting from alternative data, today announced the launch of Stratum3, a groundbreaking Consumer Packaged Goods (CPG) data product suite designed for hedge funds seeking differentiated and faster signals. This innovative solution combines Facteus' proprietary CPG transaction data with Covariance's cutting-edge, patent-pending machine learning algorithms to deliver ready-to-use signals and actionable intelligence for investment decision-making.
Stratum3 Index is the inaugural product in the suite: ready-to-use CPG signals with daily delivery and a 4-day lag, providing the lowest-latency signals available.
Key features of Stratum3 Index include:
- Longitudinal household- and store-level panels
- Fully modeled data: point-in-time ticker, brand, and KPI mapping for faster and more precise estimation
- Over 5 years of historical data and over $125B in annual observed spend
- Daily updates with a 4-day lag, ensuring the most current information is always available
"We are excited to partner with Covariance to bring Stratum3 to the market," said Chris Marsh, Founder & CEO of Facteus. "By combining our vast repository of CPG transaction data with Covariance's advanced machine learning capabilities, we are delivering a product that sets a new standard in the Alternative Data industry for hedge funds."
Covariance's Founder & CEO, Mike Fleder, added, "Our breakthrough data fusion, coupled with Facteus' comprehensive CPG transaction & loyalty data, create a powerful tool for funds looking to gain a competitive edge."
The Stratum3 Data Suite is poised to revolutionize how hedge funds invest in CPG brands: taking action faster and considering customer-level factors. It will be a necessary part of any CPG investment strategy and key driver of alpha.
About Facteus
Facteus is the largest provider of consumer transaction data in the Alternative Data industry, specializing in delivering comprehensive consumer spending insights to businesses across various sectors. Through its innovative, AI-driven platform, Facteus empowers clients to make data-driven decisions and stay ahead in their respective markets. For more information, visit www.facteus.com.
About Covariance.ai
Covariance.ai is an industry-leading machine learning platform purpose-built for alternative data. With roots in their MIT research, Covariance increases return on alternative data by creating leading-edge, ready-to-use signals, nowcasts and forecasts. For more information, visit www.covariance.ai.
Media Contact
Jonathan Chin, Facteus, Inc., 1 503-372-6097, [email protected], https://www.facteus.com
SOURCE Facteus, Inc.
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