Show HN: Descriptiv – what's causing a stock to move
descriptiv.ai
descriptiv.ai
Descriptiv is trying to turn this noise into "what is the most important thing I need to know, now".
Why I find this interesting... many times the catalyst driving a stock is coming from a different compnay and you spend a lot of time chasing down "who/what/why". This is especially common in BioTech where there is a lot of trading on rumor, no news, and you want to know which company has the rumor. Follow the "peer factor" trail here to find out.
Two step process:
1) Shine the flashlight on the catalyst for a stock move - we quantitatively attribute current price movement of the stock from coming from the broad market, your peer cohort or "other" (which generally means its idiosyncratic or a peer we aren't considering). If a peer... which peer.
2) Once a spotlight is on a catalyst - what is the most relevant news driving that one company.
What you are seeing here is just the first step.
Caveats:
Turned off the RT feed (so this will do hourly updates) and removed the news so we could freely show this off at small scale outside of a login. Would love to hear thoughts.
TLDR; Micron (MU) is leading the peer group down (in contrast to something like LCRX which is in that herd but following).