Country for PR: United Kingdom
Contributor: PR Newswire Europe
Sunday, March 29 2020 - 02:00
AsiaNet
RavenPack Launches Free Coronavirus News Monitor to Help Data-driven Professionals Face the Challenging New Market Conditions
NEW YORK, Mar. 30, 2020 /PRNewswire-AsiaNet/--

In response to the coronavirus pandemic, RavenPack, a leading provider of big 
data analytics, has launched a live and interactive website to help navigate 
the oceans of information currently available on the novel coronavirus and its 
impact on world affairs. 

The free Coronavirus News Monitor can be accessed on: 
https://coronavirus.ravenpack.com/.

RavenPack decided to release this public dashboard to answer the extraordinary 
amount of requests from clients looking for data-driven insights to support 
their decision making during the current uncertain market conditions.

"We wanted to create a more analytical way to track information about the novel 
coronavirus and to monitor the reactions people are having across the globe, 
which include things like massive social distancing and panic buying," said 
Armando Gonzalez, the Co-Founder, and CEO of RavenPack. 

The RavenPack Coronavirus News Monitor is different from other coronavirus 
dashboards in that it summarizes emotions or sentiments from tens of millions 
of news articles and public posts into simple indicators, similar to stock 
tickers. 

The guiding principles behind the design of the monitor are based on research 
performed by the RavenPack Data Science team.  They determined that the 
sentiment and proportion of global news about topics like "recession fears" 
often signal the actual impact of real-world events in financial markets, 
something which RavenPack's big data platform is uniquely placed to assess.

The monitor contains bespoke indexes uniquely formulated by RavenPack data 
experts to provide users with added insight and forewarning about changes in 
the news surrounding the virus - changes that often reflect or foreshadow 
real-world events. 

These include the Contagion Index, which measures the spread of the virus 
across the media world, the Media Coverage Index, which reflects the proportion 
of all news that is coronavirus-related, and the Panic Index which provides a 
gauge of extreme public mood.  

The monitor also features an interactive global map, and tables gauging the 
sentiment on countries and financial assets, and it can be adapted for those 
who want a tailored experience. 

The creation of bespoke filters by topic, industry, as well for specific 
portfolios is also available, and users can access the underlying data and/or 
customize the dashboard to their specific use cases.

About RavenPack

RavenPack is the leading big data analytics provider for financial services. 
The company's products allow clients to enhance returns, reduce risk and 
increase efficiency by systematically incorporating the effects of public 
information in their models or workflows. RavenPack's clients include the most 
successful hedge funds, banks, and asset managers in the world. For more 
information, please visit: www.ravenpack.com.

Photo(s):
https://mma.prnewswire.com/media/1138790/RavenPack_Coronavirus_News_Monitor.jpg 
https://mma.prnewswire.com/media/1138789/Coronavirus_Panic_Index.jpg 

Logo:
https://mma.prnewswire.com/media/836649/RavenPack_Logo.jpg 

Source: RavenPack