Insightful Corporation Announces S+FinMetrics; Powerful Econometric Software for In-depth Financial Analysis.
Business Editors, Technology Writers
SEATTLE--(BUSINESS WIRE)--June 11, 2002
Insightful Corporation (Nasdaq:IFUL), a leading provider of enterprise software solutions for search and analysis of text, images, and numerical data Numerical data (or quantitative data) is data measured or identified on a numerical scale. Numerical data can be analysed using statistical methods, and results can be displayed using tables, charts, histograms and graphs. , today announced the availability of S+FinMetrics, the most comprehensive, modern, and flexible analytic tool available for both routine and advanced econometric modeling Econometric models are used by economists to find standard relationships among aspects of the macroeconomy and use those relationships to predict the effects of certain events (like government policies) on inflation, unemployment, growth, etc. .
Technological advances have changed the rules for financial analysts who need to analyze portfolios and anticipate enterprise risk using real-time financial transaction data. Volatile markets, 24x7 market access and trading decimalization Decimalization
The process of changing the prices that securities trade at from fractions to decimals.
The reasoning behind this was to make prices more easily understood by investors, and to bring the United States into conformity with international practices. have created reams of data and new demand for sophisticated, powerful analytic tools to predict profitable business performance.
"Years ago S-PLUS was called the best kept secret on Wall Street," said Shawn Javid, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , of Insightful. "Now, S-PLUS is the leading financial quantitative analysis Quantitative Analysis
A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision.
Notes: toolkit. S+FinMetrics further advances the predictive power The predictive power of a scientific theory refers to its ability to generate testable predictions. Theories with strong predictive power are highly valued, because the predictions can often encourage the falsification of the theory. of S-PLUS."
"As a leading provider of financial analytic software solutions we understand the importance of delivering high-quality, proven analytics to help our customers maximize profitability. Whether it's a customized solution for an industry-specific analytic need or a sophisticated analytic solution, we have the software and services to solve complex financial business problems quickly."
"S+FinMetrics is an invaluable econometric e·con·o·met·rics
n. (used with a sing. verb)
Application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and models. analysis tool offering a modern and flexible platform for financial data analysis," said Andrew Clark Sir Andrew Clark, 1st Baronet (October 28, 1826 - November 6, 1893), Scottish physician and pathologist, was born at Aberdeen. His father, who also was a physician, died when he was only a few years old. , senior research analyst, Lipper, A Reuters Company. "Unlike competitive packages, S+FinMetrics offers all of the essential analytics, from rolling regression and backtesting functions, to extreme value theory and time series analysis, in one environment. At Lipper, our customers rely on the depth and breadth of our mutual fund analysis to make the best investment decisions possible."
"It's mission critical that we provide accurate fund reports and analyses that our customers can use with confidence. Insightful has been delivering proven high-performance analytic software to financial analysts for more than 15 years, so we were confident that S+FinMetrics would provide us with an invaluable tool. It's a must have for anyone analyzing financial data."
Key features of S+FinMetrics include:
-- Modern, Flexible Econometric Analysis. S+FinMetrics offers linear interpolation, cubic spline and other methods to address data errors created by time series data. Its time series aggregation and disaggregation capabilities support more predictive analysis. Available statistical summary and test statistics examine the unique statistical properties of time series data to predict future performance. -- Exploratory Data Analysis. Tests for normality, serial correlation, ARCH effects, unit root, cointegration and more allow you to explore your data to make important discoveries. -- Technical Indicators and Moving Average Operators. S+FinMetrics computes technical indicators and moving average operators easily. The software offers many popular indicators grouped under the categories of price, momentum, volatility, and volume. -- High-Performance Analytics. Other advanced analytics include vector autoregression and error correction models for reliable, efficient analysis of financial data. -- Fixed Income Analysis. The software includes the essential functions for fixed income analysis including computation of yield, conversion between spot rates, discount rates, forward rates, and a range of yield curve estimation options. -- Extreme Value Analytics. These analytics are required for value-at-risk analysis and excess-of-loss catastrophe modeling for the reinsurance industry. Generalized Pareto distribution to excesses over thresholds and generalized extreme value distribution to block maxima are included in this software. -- Sophisticated Modeling Optimizes Complex, Dynamic Trading Systems. S+FinMetrics includes functionality for estimating FARIMA models and other long memory models. Parametric modeling of multivariate time series analyses offers modern econometric models for improved financial performance. Volatility modeling includes univariate and multivariate GARCH models and long memory or fractional integrated GARCH models. -- State Space Modeling. S+FinMetrics allows you to use the most efficient implementation of state space modeling available to uncover latent information in financial markets easily. -- Multifactor Modeling. S+FinMetrics includes statistical multifactor models providing greater accuracy and reliability for effective portfolio management and risk analysis. -- Rolling Estimate and Backtesting Strategies. S+FinMetrics supports rolling estimation and backtesting strategies adopted by leading quantitative analysts.
S+FinMetrics is available for S-PLUS Version 6 or higher. The software is supported on Windows, Linux, and Solaris platforms. For details, please call 800/569-0123 or e-mail firstname.lastname@example.org or visit www.insightful.com. Modeling Financial Times Series With S-PLUS by Dr. Eric Zivot is included with each copy of S+FinMetrics.
Insightful Corporation (Nasdaq:IFUL) provides enterprises with scalable data analysis solutions that drive better decisions faster by revealing patterns, trends and relationships. The company is a leading supplier of software and services for statistical data mining, business analytics, knowledge management, and information retrieval information retrieval
Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. enabling clients to gain intelligence from numerical data, text, and images.
Insightful products include InFact(TM), S-PLUS(R), S+FinMetrics, StatServer(R), Insightful Miner, S-PLUS Analytic Server(TM) and VisiMine(TM). Insightful consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services" provide specialized spe·cial·ize
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es
1. To pursue a special activity, occupation, or field of study.
2. expertise and proven processes for the design, development and deployment of customized solutions. The company has been delivering industry-leading, high-ROI solutions for fifteen years to thousands of companies in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. , pharmaceuticals, biotechnology, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , manufacturing, plus government and research institutions.
Headquartered in Seattle, Insightful has offices in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures
Area, 52,586 sq mi (136,198 sq km). Pop. , France, Germany, Switzerland, and the United Kingdom with distributors around the world. For more information, visit www.insightful.com, email email@example.com or call 800/569-0123.
Note to Investors - Forward Looking Statements
This release contains forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. for purposes of the safe harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, but not limited to, rapid changes in technology, defects or errors in our software, market acceptance of our products, and our ability to adequately protect our intellectual property. Please refer to the cautionary statements appearing in our most recent annual report filed with the Securities and Exchange Commission for a discussion of these and other various factors that could cause Insightful's actual results to differ materially from those discussed in forward-looking statements.
Insightful, the Insightful logo, "intelligence from data", `human-like intelligence", InFact, S-PLUS Analytic Server and VisiMine are trademarks of Insightful Corporation. S-PLUS and StatServer are registered trademarks of Insightful Corporation. Other trademarks mentioned are the property of their respective owners.