Era of Inspirational Investment begins with ESG Analytics from NetworkFinancials' TROVA Data Platform - The Kingston Whig-Standard | Canada News Media
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Era of Inspirational Investment begins with ESG Analytics from NetworkFinancials' TROVA Data Platform – The Kingston Whig-Standard

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TROVA, the AI-driven unbiased high-performance Investment Research Data Platform with ESG capabilities empowers Fund Managers, Investment Advisors and Portfolio Managers to be among the World’s Inspirational Investment community by meeting the ESG aspirations of their clients

SAN JOSE, Calif. — NetworkFinancials, a Silicon Valley based FinTech Startup announced availability of ESG Data Analytics capabilities for investment community. ESG Investment is a way of investing based on the performance of companies with respect to Environmental, Social and Governance metrics. ESG factors have an important role to play to evaluate performance of company stocks with global impact.

“We are thrilled to bring ESG analytics to the investment community with two key differentiators. We bring new investment research perspective as an industry outsider. And TROVA is built ground-up to solve a producer-consumer centric problem,” said Debi Prasad Sahoo, the Founder and CEO of NetworkFinancials. “Our ESG objective is to empower and inspire a broad spectrum of investors to embrace ESG Investment to make the world better apart from achieving their investment goals,” he added.

TROVA ESG Data Analytics is NetworkFinancials’ approach to ESG investment. TROVA uses proprietary method for generating insights to create a new product to analyze and quantify data for various companies based on a broad range of metrics leading to ESG performance benefits.

TROVA ESG Advantage

Investment Research traditionally is more focused on quantitative data with financial metrics which may not suffice to make better investment decisions. Secondly, the qualitative data generally available is subjective and biased since not automated. And datasets related to ESG are not standardized. TROVA ESG Analytics addresses these problems by automating quantification of qualitative ESG datasets based on multi-dimensional metrics with growth opportunity. And presenting analytics in a visually appealing format for better understanding of the ESG investment landscape.

To stay ahead with ESG investment, request for TROVA ESG demo at https://www.network-financials.com/trova-demo-request

About TROVA

TROVA is a cloud-based high-performance Investment Data Platform from NetworkFinancials. Powered by Artificial Intelligence (AI), it simplifies investment research and inspires to make better investment strategies with higher confidence by providing faster access to better actionable insights.

About NetworkFinancials (https://www.network-financials.com/)

NetworkFinancials Inc is a San Jose, California based FinTech startup. It empowers investment community to stay well-informed with actionable insights to make better investment decisions with high confidence through TROVA Platform.

Contacts

Media:
Supriya Ghosh
Operation & Research Staff
contact@network-financials.com

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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