NewsHedge vs. Benzinga Alerts
1. INTRODUCTION
On March 22, 2016, a typical trading day, NewsHedge generated a total of 33 alerts. Of these 33 alerts, 11 were also reported by Benzinga Pro’s real-time news desk. This study reviews the lead/lag alerting relationship between NewsHedge and Benzinga.
2. ALERTS OVERVIEW
| Company/Ticker | NewsY/N? | NewsHedge Time | Benzinga Time | Winner | Lead Time |
|---|---|---|---|---|---|
| Dean Foods-DF | Yes | 08:40:36 | 08:44:27 | NewsHedge | 3 min and 51 sec |
| Cirrus Logic-CRUS | Yes | 08:51:44 | 08:52:31 | NewsHedge | 47 sec |
| Cleco-CNL | Yes | 09:42:43 | 09:50:00 | NewsHedge | 7 min and 17 sec |
| Lumber Liquidators-LL | Yes | 10:40:49 | 10:41:14 | NewsHedge | 25 sec |
| Globus Medical-GMED | Yes | 10:51:31 | 10:53:06 | NewsHedge | 1 min and 35 sec |
| Constellium-CSTM | Yes | 11:00:27 | 11:01:05 | NewsHedge | 38 sec |
| Imax-IMAX | Yes | 11:04:55 | 11:05:29 | NewsHedge | 34 sec |
| Centene-CNC | Yes | 11:36:14 | 11:34:29 | Benzinga | 1 min and 45 sec |
| Community Health-CYH | Yes | 01:38:22 | 01:40:20 | NewsHedge | 1 min and 58 sec |
| Media General-MEG | Yes | 01:57:11 | 01:53:16 | Benzinga | 3 min and 55 sec |
| Myriad Genetics-MYGN | Yes | 02:14:22 | 02:15:57 | NewsHedge | 1 min and 35 sec |
3. RESULTS
NewsHedge led 9 out of 11 market-moving events with a combined average lead time of 1-minute and 32-seconds.