Real Time ESG Tracking From StockSnips

Real Time ESG Tracking From StockSnips

Northampton, MA --News Direct-- CSRHub

The researchers at StockSnips have been transforming unstructured data into financial sentiment insights for several years. Their AI / ML (Artificial Intelligence / Machine Learning) based system reads thousands of articles and tags the relevant snippets to derive a quantified investor sentiment measure that could drive stock performance. StockSnips has now developed an ESG (Environment, Social, and Governance) signal leveraging the platform used for its Financial Media Sentiment. We have begun adding this data set into CSRHub’s consensus measure of entity ESG performance.

StockSnips provides daily readings on the ESG sentiment for about 1,000 companies. It calculates what it calls “ESG Sentiment Signal” plus moving average signals across various timeframes. We compared 50 day, 365 day, and deviation numbers against CSRHub’s scores. Because CSRHub’s ratings lag about two months behind the current day, we had to use historic StockSnips data.