Apeiron Insight

Bloomberg Second Measure provides a US credit and debit card panel comprising between 4-8MM users, with history going back to 2013. Second Measure sources this data from similar entities to those of competing Credit/Debit Card resellers, though the underlying tagging, panel selection, normalization and error correction approaches can cause significant differences from merchant-to-merchant vs its peers. The BBG SECM panel is mapped to both merchants as well as tickers. We will typically de-duplicate on our side to ensure a company’s feed is not counted twice during sector or sub-sector aggregations. The schema is simple, with four distinct indices to track dollar spend, transactions, unique users and average transaction price. Second Measure uses only one normalization method, whose details are kept proprietary but is philosophically pegged to the number of active cards in the panel, as opposed to the “% of total panel spend” approach.

Babel Street is the largest provider of publicly available data collections and products to the public & private sectors. Their Refined Self-Storage dataset is just the first among several investor-focused aggregated data product offerings that we plan to launch in the coming months, including pricing across dozens of top e-commerce retailers. BSD STRG contains data on the regular and sales prices to rent standard 10x10-foot units across all locations from the top storage brands, in addition to Location Availability & Revenue Capacity. This includes tracking Rent per Square Foot and Total Revenue for CUBE, PSA and EXR. We’re looking to also ingest a variety of other datasets from Babel Street this year, including eCommerce Retail Pricing data from dozens of top US eComm sites.

Launched in late 2022 by former sell-side analyst Ajit Agrawal, AKAnomics takes a very unique approach to modeling revenue trends for hard to track companies in the Industrials, Chemicals, Manufacturing and Logistics verticals. The vendor uses publicly available macro economic indices (eg auto production, new home construction, building permits etc), breaks them down into regional indices tracking distinct end markets, and then models them against division level KPIs estimates reported by public companies. Coverage is approaching 100 companies and continues to steadily expand. The customized indices can also be used to understand macro– or sector– level trends.