Businesses rely on both vehicle visits from consumers and the transportation of their products from manufacturing or distribution sites to their customers or retail locations.
INRIX: The World’s Leader in Mobility Data and Analytics
INRIX collects billions of data points daily from consumer and fleet vehicles. We maintain over five years of history of this data and we turn it into mission critical and highly valuable data and SaaS solutions used by public sector, enterprise and automotive clients.
Readers of this article may not have realized it, but they have likely interacted with INRIX driven services or applications today when they navigated in their car, used a common mapping application, watched a traffic broadcast or witnessed the development of new roadways.
How INRIX Helps the Financial Sector Form Investment Strategies
Any company associated with the banking, financial, or insurance industries can utilize the power of INRIX to form smarter investment. Traditional market data is no longer as reliable as it once was because the market moves faster. Financial businesses must use other data sources to understand economic activities and consumer behaviors toward companies dependent on transportation.
Alternative Data Streams
INRIX offers location based alternative data solutions that provide investment firms with relevant, timely and accurate insights of consumer and transportation activity that can be correlated to key performance indicators that help inform investment strategies.
INRIX offers location intelligence and other alternative data sources not found in traditional market data. This data is available for tracking activity with any business or location and is also available in an aggregated tickerized form. It is a more accurate and reliable indicator of trends than mobile data and is the only source of fleet or transportation data available in the market.
This allows financial companies, especially hedge funds, to gain a competitive advantage by predicting earnings and uncovering trading opportunities that others won’t see from traditional data.
Insights that drive Earnings Predictions
Let’s say INRIX data indicates a trend of more frequent deliveries to a retailer’s stores with a corresponding trend of fewer passenger cars visiting those locations. This might indicate that inventory levels are building up resulting in lower prices and correspondingly lower margins for that retailer. We noticed these trends at a particularly prominent retailer and it was reflected in their quarterly earnings.
Economic Signals and Inflection Points
Financial professionals and investors ultimately benefit from INRIX’s mobility data by generating alpha, an industry term referring to investment returns exceeding the market average. The mobility data gives them analytical insights into vehicle travel origins, routes, and destinations to detect economic signals and inflection points for better asset allocation decisions.
Knowing what happens at a port city can also inform investment decisions. For instance, INRIX data could indicate increased truck movement at a particular docking area associated with a specific shipping line. This data might indicate that revenues and earnings might be up for that quarter. And by tracking the specific destination of the commercial vehicles, investors could determine which brands are building their inventories compared to historical trends.
What is INRIX Trips Plus?
INRIX Trips Plus provides tickerized, daily delivery of trip counts for over 450 tickers and private companies.
INRIX accurately geofences the parking lots of distribution centers, manufacturing plants and retail locations to “count” these visits. The data is point in time data and is normalized for consumer vehicles.
Trips Plus breaks out Commercial Vehicle (Fleet) data that is particularly applicable to tracking the performance of materials, industrial, manufacturing and distribution companies. It is the only alternative data product in the market that enables this type of analysis.
Conclusion
The banking, financial, and insurance industries will increasingly rely on retrieving real-time alternative data solutions to form more effective data-driven investment strategies. INRIX is one of the few companies offering businesses access to geolocation alternative data solutions with real-time location intelligence, analytics, macroeconomic insights, and operational signals to improve investment decision-making and strategizing.
Check out INRIX to learn more about its intelligent mobility solutions and how they can help your business thrive in today’s competitive market.
