Perplexity AI's new tool for researching the stock market
1–10 of 45 posts
Re: Perplexity AI's new tool for researching the stock market
#2Speaking as a former M&A financial advisor and valuation nerd, historical financial data is very close to worthless for any valuation work, except perhaps for vaguely connecting the dots to your proprietary, forward looking financial model which is based on a deep understanding of a particular company and industry.
This reads to me like garbage in, garbage out... just like 99.9999% of current resources on financial data.
There's definitely an opportunity to disrupt this backwards "financial data" industry, but it's not going to be done by slapping LLMs and RAGs onto stale data in 10-Qs and 10-Ks.
Re: Perplexity AI's new tool for researching the stock market
#3Don’t expect miracles.
>At this stage of the game, though, Perplexity Finance needs much more refining before I can call it a real competitor to the existing stock analysis programs, such as Stock Rover, WallStreetZen, and TradingView.
Re: Perplexity AI's new tool for researching the stock market
#4Speaking as a former M&A financial advisor and valuation nerd, historical financial data is very close to worthless for any valuation work, except perhaps for vaguely connecting the dots to your proprietary, forward looking financial model which is based on a deep understanding of a particular company and industry. This reads to me like garbage in, garbage out... just like 99.9999% of current resources on financial d…
I don't touch finance, but I'd be curious to have you elaborate on the data sources that a professional does care about.
Re: Perplexity AI's new tool for researching the stock market
#5This reads like a sponsored/promoted article. Would be nice to see a disclosure if it is or they get affiliate link revenue
Re: Perplexity AI's new tool for researching the stock market
#6Speaking as a former M&A financial advisor and valuation nerd, historical financial data is very close to worthless for any valuation work, except perhaps for vaguely connecting the dots to your proprietary, forward looking financial model which is based on a deep understanding of a particular company and industry. This reads to me like garbage in, garbage out... just like 99.9999% of current resources on financial d…
I am always surprised companies create these distractions in their product. Agree on all your points. Little to no value in this tool based on the data they listed. All of these things already exist and for anyone doing work of any value, you would already have these datasets at your fingertips.
Re: Perplexity AI's new tool for researching the stock market
#7Speaking as a former M&A financial advisor and valuation nerd, historical financial data is very close to worthless for any valuation work, except perhaps for vaguely connecting the dots to your proprietary, forward looking financial model which is based on a deep understanding of a particular company and industry. This reads to me like garbage in, garbage out... just like 99.9999% of current resources on financial d…
I don't touch finance, but I'd be curious to have you elaborate on the data sources that a professional does care about.
They care about anything that helps give insight into the future. Its still obtainable data but that is where the edge comes from, taking unique data and applying your way of thinking (models) to it. This could be anything and everything that relates to the company/industry you are looking at. You take lots of different bits of information and distill it into a model. If you are in the automotive space, maybe you care how US policy is looking for China.
To put it differently, historical financials, K/Qs are all data points that have been commoditized and you can pull it instantly.
Re: Perplexity AI's new tool for researching the stock market
#8Am I missing something, or is this just a normal stock browser like Yahoo Finance? I don't see anything remotely new in the article or the site (https://www.perplexity.ai/finance/NVDA) and it doesn't seem to have anything to do with AI. It's a nice-looking feature but I don't think it's newsworthy.
Re: Perplexity AI's new tool for researching the stock market
#9This reads like a sponsored/promoted article. Would be nice to see a disclosure if it is or they get affiliate link revenue
It’s probably the traditional way a glowing article gets written: a reporter repeats something that a PR rep sent to their inbox cause they needed something written to hit a deadline.
Re: Perplexity AI's new tool for researching the stock market
#10Speaking as a former M&A financial advisor and valuation nerd, historical financial data is very close to worthless for any valuation work, except perhaps for vaguely connecting the dots to your proprietary, forward looking financial model which is based on a deep understanding of a particular company and industry. This reads to me like garbage in, garbage out... just like 99.9999% of current resources on financial d…
Is there a "backwards" financial data service you'd recommend instead?
I've been researching a bit and everything I could find was basically APIs that charged you by the number of API request calls to extract the dataset bit by bit. First the tickers, then the aggregates... and so on.