Datayes has gone live with its Fund Factors recently. Datayes Fund Factors, an alternative data, are generated according to the contribution to fund future alpha prediction, logic clarity and information gain. They can be used in the research and investment of funds and fund portfolios, thus helping investors to explore investment clues.

Datayes Fund Factors make comprehensive use of the massive financial big data of Datayes. They are based on Datayes rich fund data, mining all kinds of information, and integrate its other relevant models and data, to construct the factors with wide coverage, fine granularity, high correlation, and rich dimensionality in the market.

Datayes Fund Factors are highly time-sensitive and updated every trading day, helping investors to grasp the market situation faster and earlier, make timely judgements and decisions, and seize investment opportunities.

It is worth noting that Datayes Fund Factors take into full consideration of the differentiation of user needs, and provide not only derivative calculation data, but also raw indicators, which facilitates investors to conduct factor research on demand in the future.

At present, Datayes Fund Factors mainly cover ordinary equity funds and equity-biased hybrid funds invested in China A-share markets, providing a number of specific factors in terms of fund characteristics, performance, positions, etc., to form an effective explanation and prediction of fund returns and risks.

Backtesting shows the remarkability of using Datayes Fund Factors to select funds. The annualized return of the 10th group of long portfolios can reach 12.86%, and the annualized alpha return 3.32%; and the annualized return of the 10th group of long/short portfolio can reach 3.04%, from January 2013 to November 2023, for ordinary equity funds and equity-biased mixed funds, adjusting positions on a monthly basis, and using the equity-biased fund index as the alpha benchmark. The annualized return of the ten-point long portfolio can reach 3.04% under the equal condition.