Your web browser is out of date. Update your browser for more security, speed and the best experience on this site.

Update your browser

Alpha Generation through Job Analytics: A Novel Approach to Measuring Tech Adoption

Mar. 30, 2023 Source: RavenPack

New research using RavenPack Job Analytics to quantify tech adoption in hiring posts proves that companies hiring for novel tech skills outperform peers from an investment perspective.

Learn more at RavenPack

Key Results:

  • A long-only portfolio using novel tech skills as a signal delivers an Information Ratio of 1.1 and Annualized Excess Returns of 2.8% relative to sector, with a near one-month effective holding period (5% Daily Turnover).
  • Alpha remains robust even after controlling for traditional factors.
  • The combination with monthly hiring growth leads to an enhanced portfolio performance with an Information Ratio of 1.4 and Annualized Excess Returns of 3.4%.
MKT 629 Website chart CD2 FFEAE