Visible Alpha Beta Release 2.0
Highlights of Beta Release 2.0
- Download sell-side models
- Data visualizations
- Custom consensus
- Analyst audit trails
- Broker and analyst pages
Download Sell-side Models
One-click downloads. The most requested feature we've been asked to deliver is now available. You now have access to models on over 2,500 companies from the top analysts in the world. To download a model, simply go to the company’s page or select the MS Excel icon from the Company Data View pages’ formula bar. Please note that access to models is subject to broker entitlement.
Our newly designed Company pages provide you with an archive list of all the models we have on the platform. To download the latest model, go to the section titled Analyst Published Models, locate the Broker you’re interested in and select the MS Excel link. The model will download immediately. To download older models, select the > (caret) to open up the model archive list. (See Fig. 1) Duplicate models will be identified with an information icon .
Figure 1 Archive list of models.
Model Downloads via Formula Bar
Now you can download the underlying model directly from the formula bar by selecting the MS Excel icon in the data’s audit trail.
Analyst Data View
Every analyst data point on Visible Alpha is auditable down to the cell level in the MS Excel research models where the value originated from. Select the MS Excel icon to download the model used. (See Fig. 2)
Figure 2 The above formula bar shows the Visible Alpha data point (312.35) and gives a link to the MS Excel model it originated from. Note: The cell location, BU10, is given. The above formula bar includes the model date and analyst’s name.
Company Data View
In addition to the Company’s page, Broker models are accessible from within the formula bar of the Company Data View pages. To download a model from the formula bar, drill down on the audit trail till you see the MS Excel icon.
Please note that, as with downloading a model from a broker’s website or requesting a model by email, brokers receive notification of model downloads on the platform.
Figure 3 Formula bar showing the audit trail for the Visible Alpha data point.
Instant insight at the click of a button. We've made it much easier to find and discover investment controversies with our new visualization tools. In this release, we are introducing two new visualizations—Variation and Revisions.
To access the visualization tools, click on the left pointing arrow (left caret) in the right Options sidebar (See Fig 4). The new visualizations are shown under the (Analysis) button.
Figure 4 Right-hand Options sidebar with Analysis section expanded.
The variation analysis colors the cells to help you identify consensus values by level of disagreement. Darker shades signify greater disagreements, lighter shades fewer disagreements. To decrease the sensitivity of the visualization and highlight more extreme values, use the sensitivity slider.
Figure 5 Variation Visualization-Consensus.
The visualization on broker data points identifies the outliers by highlighting how far they each lie from consensus based on standard deviations.
Figure 6 Variation Analysis-Broker.
For revisions, we enable you to quickly compare current consensus against previous values across multiple time periods. Increases in values are shown in shades of blue, decreases in shades of red. You can compare current consensus against values from up to 6 months ago. You can also see how consensus has changed since just before the last financial filing by selecting the PreQ option. To focus on extreme values, use the sensitivity slider.
Figure 7 Revisions Analysis-Consensus.
To identify the most bearish and bullish revisions by analyst, expand the consensus column to show the individual broker views. Once the brokers are in view, the visualizations will highlight the type of revision made—red for a decrease, blue for an increase.
Figure 8 Broker view with revisions analysis.
One of our most requested features is the ability to create a custom consensus. Now you can create custom consensus on any multi broker data view. This feature is enabled by selecting the sources you want in the Sources section.
Figure 9 Sources section expanded with Consensus option checked.
To create a custom consensus calculation, select Custom and then choose which brokers to include in the calculation. If you want to make the Custom consensus the prominent column, select the Focus radio button next to Consensus. When you are done select apply at the top of the Options panel.
Figure 10 Sources section expanded with Custom and Consensus options checked. Showing results for BAML, CITI, CS and Jefferies. MS is excluded from consensus.
Figure 11 Custom Consensus.
Analyst Audit Trails
To better understand how we are using analyst data, we've introduced row and data point audits from analyst data to consensus data views.
To get a quick picture of which rows are being pulled into consensus, we've created a new mapping column that identifies the rows we've used in our consensus normalization template. Each row used is identified by the connected data icon. If you place your cursor over the icon, a panel appears to show you all the locations and uses of the mapped accounts.
Figure 12 Audit panel.
Data point Audits
In addition, you can also audit a specific analyst value to see where it is used in consensus by using the formula bar.
Figure 13 Formula bar showing direct mappings.
Broker and Analyst pages
Find the content you want faster. We've created two new landing pages that group content by Broker and by Analyst.
Quick links to broker pages. In the top navigation, we've added a quick link called BROKERS that shows you all the brokers you are entitled to.
Figure 14 Navigation bar showing the new Brokers button.
Selecting the link opens up a list of brokers that you can navigate to.
Figure 15 Broker button expanded to show list of brokers.
The new broker pages include direct links to companies, models and analysts.
Figure 16 Broker Profile page.
We've also introduced analyst pages to highlight their content including links to models, analyst information and company data views pages. The analyst pages can be accessed from within a company’s page in the Analyst Published Models section or by clicking on the analyst name in the broker page.
New Analyst Page
Figure 17 Analyst Profile page.