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Show HN: I built an AI tool to analyze SEC filings the minute they're released

docdelta.ca

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Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#11

Post by cj »

baal80spam wrote: post #5
jebarker wrote: post #4

Naive question here: wouldn't the upside of keeping this secret and trading on it's output yourself far exceed what you can make in subscriptions?

My first question when I saw the page.

I think this tool surfaces information not previously immediately digestible by retail investors.

Institutional investors have had systems like this in place for decades. LLMs might improve parsing the data in some ways, but this is (and was) completely doable before the LLM era, meaning there’s probably not a huge amount of secret sauce here worth protecting.

If anything, a project like this simply improves the information asymmetry between retail and institutional investors.

Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#12

Post by sprobertson »

jebarker wrote: post #4

Naive question here: wouldn't the upside of keeping this secret and trading on it's output yourself far exceed what you can make in subscriptions?

The information is freely available, this just makes it more readable

https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent

Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#14

Post by beardedwizard »

sprobertson wrote: post #12
jebarker wrote: post #4

Naive question here: wouldn't the upside of keeping this secret and trading on it's output yourself far exceed what you can make in subscriptions?

The information is freely available, this just makes it more readable https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent

It's this. Just doing basic analytics on SEC data for free provides a lot of value to the niche looking for it. A few players have realized that ingesting and normalizing the data is half the battle and charge for very small subsets of data, for example cybersecurity breaches.

Most of the data is unstructured, or worse Edgar xml, adding yet another barrier.

I suspect this case is mostly about sentiment analysis and summary using LLM. The claims about reacting before the market seem egregious.

Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#15

Post by mistrial9 »

docdeltaneer wrote: post #3
toomuchtodo wrote: post #2

How confident are you in wiring this up to trade immediately off of the output?

Having tested this extensively against historical market movements, I'm quite confident in its analysis accuracy. After running it against countless filings and tracking post-filing price movements, the system's risk assessments and change detection have proven remarkably reliable - especially for catching subtle shifts in risk factors and management tone that often precede larger market moves. I personally rely on i…

> The system is great at rapidly surfacing the most significant changes in these massive documents and contextualizing them against historical patterns.

probably worth capturing a few successful situations and documenting that in some marketing way.. also probably worth capturing a few Very Big Fails and making a ticket out of that internally, to improve the system. Seize the day!

Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#16

Post by cortesoft »

jebarker wrote: post #4

Naive question here: wouldn't the upside of keeping this secret and trading on it's output yourself far exceed what you can make in subscriptions?

These releases usually happen after trading hours, so instant analysis isn't super helpful for making trades.

Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#19

Post by ezero »

docdeltaneer wrote: post #3
toomuchtodo wrote: post #2

How confident are you in wiring this up to trade immediately off of the output?

Having tested this extensively against historical market movements, I'm quite confident in its analysis accuracy. After running it against countless filings and tracking post-filing price movements, the system's risk assessments and change detection have proven remarkably reliable - especially for catching subtle shifts in risk factors and management tone that often precede larger market moves. I personally rely on i…

> Having tested this extensively against historical market movements, I'm quite confident in its analysis accuracy.

This doesn't say anything. Exactly how much have you tested and what were the results?

Re: Show HN: I built an AI tool to analyze SEC filings the minute they're released

#20

Post by toomuchtodo »

cortesoft wrote: post #17
toomuchtodo wrote: post #2

How confident are you in wiring this up to trade immediately off of the output?

Most releases happen after trading hours

Agreed, my focus is on data released during trading hours, intentionally or inadvertently.

https://www.youtube.com/watch?v=ag14Ao_xO4c

EDIT: To those suggesting extended hours trading, check out what the order book looks like and who the market maker is.

https://www.finra.org/investors/insights/extended-hours-trad...

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