In partnership with Charter Oak Investment Systems, Thomson Reuters developed Point in Time which provides accurate, unbiased information that was available to the market and could have affected a price movement, thus triggering an investor’s buy or sell decision.
Built on the Reuters Fundamentals standardised database, Point in Time provides a daily snapshot of the fundamentals historical database by utilizing a combination of each company’s period end date and filing date.
The database avoids look-ahead bias in a model by utilising only the data known at the time. More importantly, it eliminates the necessity to create and apply lag assumptions, which are used to determine when the data could have been available; however, lag assumptions do not hold true for all companies at all times. Point in Time is global in coverage and includes all delisted historical companies.
Point in Time’s market coverage includes 47,000 active companies and 15,000 inactive companies from over 100 countries. Point in Time provides data back to 1989 and will soon be available through MarketQA and QA Direct.
“The quant or fund manager is in need of accurate and up-to-the minute fundamentals market data,” says Albert Lojko, global head content strategy, data management and delivery, Thomson Reuters. “Point in Time offers a complete back testing package and has the ability to generate results much more quickly than other databases,”
“It’s now possible to look back and see accurate financial data and historical stock prices line up with the information that investors actually had at the time they made the decision to buy or sell, and then analyze whether the he quant or fund manager’s investment strategy is likely to succeed.”
L.D.