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While I've been exploring Linux the last few months, I'd like to actually start putting it to use. The operating system might not make any difference at all, but I'm wondering how difficult it would be to write scripts or use programs to mine financial data and spit out a useful result or report. Since most public company data is, well, public, couldn't some type of program be written to pull up data beyond what you can find on Google or Yahoo Finance? I'm looking mostly at EDGAR (the SEC system that contains a private companies filings) and how it can be mined. Is there something that exists that does this already that isn't some expensive subscription service? A script or web scraper that can pull out keywords and line items from an SEC filing and make it available for use quickly is what I'm imagining. Does any of this make sense? Does it already exist and I don't know about it?
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# ¿ Jun 28, 2014 03:26 |
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# ¿ May 12, 2024 20:30 |
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Bloody Queef posted:If you're somehow able to get a private company's financial information from EDGAR call up Bill Gates and tell him he's back out of the number one richest spot, because you, Hummer Driving human being, will be the new number one. I'm not asking how to get private companies' data. I'm asking if writing scripts would save time or if there's a free service out there that does the same thing. This idea was prompted by a friend of mine who's an analyst for a hedge fund in New York. I asked him what he does all day and it sounded like he spent a lot of his time looking up information on financial documents posted on EDWARD. The first thing I thought to myself was "couldn't a program do that for you much faster than actually going to the EDGAR website, opening up the file manually, and looking for the numbers?" This would be for fundamental analysis as a time saver to find keywords and ratios in SEC documents.
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# ¿ Jun 28, 2014 14:36 |
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Bloody Queef posted:I was being a pedantic douche. EDGAR has public company disclosures. You asked about private companies in the op. That was my mistake. I meant public in the EDGAR parenthesis. fuseshock, I hadn't heard of Hoovers. I did a quick check of them and saw that they sell their reports. I picked apple as an example and they charge $69 for the report. No, not eliminate the analysts necessarily, but allow an analyst to review more companies given a period of time that he or she would be able to just browsing EDGAR. Something that did the legwork of downloading the financial statements and comparing them against others. A way to quickly filter similar companies or similar sectors with as little typing and manual searching as possible. A way to look for keywords within thos financial statements as well without having to open them up. Maybe I'm just describing this really poorly.
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# ¿ Jun 29, 2014 01:45 |
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mike- posted:People pull filings from Edgar to read what is in the footnotes, not to compare income statements between companies. He does have bloomberg with him. I've never used it so I don't know what it's capable of.
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# ¿ Jul 6, 2014 05:13 |