Standard & Poor’s Compustat(R), the provider in financial market intelligence, introducse new premium Compustat(R) Point-In-Time database.
The new database captures data values known by the market from both preliminary announcements and final sources. The Compustat Point-In-Time database is the first in the marketplace to combine originally reported and restated data in annual, quarterly, and year-to-date periodicities.
Its structure lets analysts re-create a realistic picture of what the market conditions were at a particular date and time. This provides the unique opportunity to test models and theories efficiently and realistically.
Compustat Point-In-Time is the only backtest database that takes full advantage of the breadth and depth of Compustat’s North America database, providing data known to the investing public at observation dates from December 1986 forward for almost 29,000 active and inactive U.S., Canadian, and ADR companies.
This comprehensive picture of companies’ reporting history enables analysts to re-create an historical investment environment where models and theories can be tested. By understanding the historical investment climate, analysts can more precisely focus on the future.
“High-quality, extensive data sets are essential components for market analysis,” says Mitch Abeyta, managing director, Standard & Poor’s Compustat. “Standard & Poor’s Compustat is continually striving to analyze our clients’ needs to produce tools that solve their challenges.”
“With Compustat Point-In-Time, analysts can expand their knowledge of the investment landscape with a precise data picture, minimizing or even avoiding look-ahead bias and lag assumptions. Reducing assumptions can correlate to reducing risk, which is important in today’s marketplace.”
L.D.