# 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.

## NewsHedge leads by 3-minutes and 51-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 47-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 7-minutes and 17-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 25-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 1-minute and 35-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 38-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 34-seconds

### NewsHedge Alert:

### Benzinga Alert:

## Benzinga leads by 1-minute and 45-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 1-minute and 58-seconds

### NewsHedge Alert:

### Benzinga Alert:

## Benzinga leads by 3-minutes and 55-seconds

### NewsHedge Alert:

### Benzinga Alert:

## NewsHedge leads by 1-minute and 35-seconds

### NewsHedge Alert:

### Benzinga Alert: