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Norgate Fundamental Data

Discussion in 'Software and Data' started by Indoril, Sep 8, 2017.

  1. Indoril

    Indoril

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    I heard a little while ago that Norgate fundamental data was in the works. Does anyone have any idea when it will be publicly available to subscribers?
     
  2. Richard Dale

    Richard Dale Norgate Data

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    Before the end of the year at this stage, initially in AmiBroker and RightEdge.
     
    Indoril likes this.
  3. Wysiwyg

    Wysiwyg Everyone wants money

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    Using GetFnData("field") in tests will be interesting.
     
  4. rb250660

    rb250660

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    Richard, will the data in excess of what is available to your current beta testers now? Are we likely to see historical changes in the metrics or will the data be 'most recent available'. What i mean is will the metrics be a single number over the entire price series? I would like to test some mechanical systems using say a P/S ratio or market cap that changes over time for example.
     
  5. Richard Dale

    Richard Dale Norgate Data

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    Hi RB,

    We only plan to provide current fundamentals. Historical fundamentals are actually very difficult to get right.

    Here's are some factors off the top of my head that really mess with historical fundamental data:
    Stock splits
    Stock dividends (bonus share offers)
    Capital raising/Rights issues (i.e. dilutive events)
    Conversion of hybrid debt/equity instruments
    Exercise of warrants/company options
    Employee share issues
    Share buybacks
    Spinoffs/Demergers
    Mergers/Reverse Mergers between companies that have different fiscal year boundaries
    Reconciling differences between multiple sources of data that have different surviving entity interpretations for mergers/demergers
    Multiple classes of stocks that have different ownership/voting rights - how many total shares actually exist for this company?
    Companies that have large tranches of unlisted shares
    Corporate re-orgs (e.g. creation of different classes of securities, with different ownership regulations)
    Changes in fiscal year reporting dates
    Changes in fiscal interim reporting frequency (some countries only require half-yearly accounts)
    Changes in domicile/reporting currency
    What currency value do you use for foreign currency-reporting companies? The value as at the report date? An average for the period?
    Re-statement of most recent or previous periods (e.g. irregularities/mistakes)
    Staggered reporting of financials (e.g. some companies just report the headline earnings figures and some weeks later provide the rest of the detailed balance sheet/earnings figures, so you have some fundamentals that are "current" and some that related to the previous period).
    Tracking stocks that track only a portion of the company

    To do this on an accurate and consistent basis historically is difficult and unlikely to be a sound business move on our behalf based upon the limited demand expressed so far.
     
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  6. helpme

    helpme

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    Hi Richard Dale,

    This is interesting. Which countries' stock markets will be offered?
     
  7. Richard Dale

    Richard Dale Norgate Data

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    Australia and US. Canada some time in 2018 at this stage.
     
  8. Roller_1

    Roller_1

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    are you looking at introducing regular historical data for Canada or any other markets Richard?
     
  9. Richard Dale

    Richard Dale Norgate Data

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    I assume by "regular historical data" you mean price data. Yes - that is our core business. We have no other short-medium term plans to cover any other stock markets at this stage.
     
  10. Roller_1

    Roller_1

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    Yes sorry, Price data. So only US and Aus at this stage..

    Thanks
     
  11. AlterEgo

    AlterEgo

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    Hi Richard,

    I'm surprised that you have no plans to add other stock markets in the future, like say the London Stock Exchange. The London exchange is the 3rd largest in the world, after NYSE and NASDAQ. It’s a far larger market than Australia, yet you provide data for Australia, but not Lonon?? o_O
     
  12. Wysiwyg

    Wysiwyg Everyone wants money

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    Is there a list of fundamental data fields that will be available on the subscription?
     
  13. Richard Dale

    Richard Dale Norgate Data

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    Regarding coverage of other exchanges - you'd be surprised how little demand there is for LSE. In order to cover an exchange correctly there's usually a few man-years of time to get it right prior to release. We actually spent some time a few years back looking at it and decided it wasn't commercially viable.

    In regards to fundamental fields, we will be populating the AmiBroker fields (accessible via GetFnData where there is an exact match with AmiBroker's definition). These are described here:
    https://norgatedata.com/beta-testing-program/amibroker-database-layout-content.php

    However, there are more fundamental fields than just the ones inbuilt to AmiBroker, and we provide a list of them here:
    https://norgatedata.com/beta-testing-program/data-content-tables.php#fundamentals-current-price
    There's also some broker consensus data too.
     
  14. Indoril

    Indoril

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    Hi Richard. Is this still waiting to be released out of beta?
     
  15. Richard Dale

    Richard Dale Norgate Data

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    Yes - release is imminent (basically the product is complete, just working on ordering/subscription systems now)
     
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  16. Richard Dale

    Richard Dale Norgate Data

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    Norgate Data is now released. Thanks to the ASF members that have helped in the alpha and beta testing too.
     
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