Cindicator, a company that develops analytics and trading tools for cryptocurrency and traditional markets, has launched the CND app on Bloomberg Terminal. With its help, traders and investors can access profit indicators created by “hybrid intelligence” based on artificial intelligence (AI), project representatives told ForkLog.
Currently, the CND app provides three types of indicators for blue chips the US stock market, including Tesla, NVIDIA and Apple shares.
EPS Indicator shows whether the Wall Street consensus will be broken. The company claims that since 2016, the CND figures obtained correctly signal that the consensus forecast is exceeded in 70% of cases.
Optimism Indicator reflects expectations of traders’ reaction on the first trading day after the report was published.
Guidance Indicator indicates whether the guidance in the report is positive or negative.
“The prevailing sentiment is now critical to stock analysis. CND quantifies sentiment for each income statement in three numbers, making it easy to use in both discretionary and algorithmic trading. We are excited to share our products with Bloomberg users and look forward to joint innovation, ”said Mike Brusov, co-founder and CEO of Cindicator.
Hybrid Intelligence processes the forecasts of 163,000 Cindicator users.
Recall that in September 2017, Cindicator completed the token sale and raised $ 15 million.
In December 2020, analysts on the Cindicator platform predicted the growth of bitcoin to $ 29,569. At that time, “hybrid intelligence” estimated the maximum price in 2021 at $ 25,222.
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