<p>TipRanks, a top financial <a href=”https://www.financemagnates.com/terms/b/big-data/” class=”terms__main-term” id=”664da55a-0ba1-488e-8fbe-b2ddfa3ad705″ target=”_blank”>big data</a> company that makes
institutional-grade research tools and data available to retail investors, has
finally introduced research tools for the trading of 7,000 exchange-traded
funds (ETFs). The tools offer analyst forecast and price targets, Smart Score
prediction and technical analysis for ETFs.</p><p>The development comes 10 years after the firm, which was founded in
2012, introduced research tools to help investors make data-driven decisions
during stock trading. TipRanks <a href=”https://www.tipranks.com/news/labs/tipranks-introduces-groundbreaking-etf-research-tools” target=”_blank” rel=”follow”>announced</a> the milestone on Monday, noting that
it “has revolutionized the world of ETF research.”</p><p>“We are pleased to announce that we have added ETF research capability,
covering 7,000 ETFs. We provide in-depth, unique datasets on ETFs that you
won’t find anywhere else. Thanks to TipRanks, investors will find all the data
they need to fully delve into the ETFs they already hold or are considering
buying,” <a href=”https://www.financemagnates.com/tag/tipranks/” target=”_blank” rel=”follow”>TipRanks</a> explained in a statement.</p><p>TipRanks Gets Strong Demand from North America and the UK</p><p>Speaking to Finance Magnates on the development, Uri Gruenbaum,
the CEO and Co-Founder at TipRanks, noted that the firm is getting significant
traction with the new tools.</p><p>“It has been out for less than a week and we have seen very strong
demand (more than expected), mostly in North America and the UK. Our sales team
are currently working around the clock to support the inquiries as we did not
expect this level of interest,” Greunbaum explained.</p><p>Furthermore, the CEO noted that it was seeing “very positive early signs” of interest directly from retail investors even as the firm expects this to rise since it only launched the tools today. “We have no doubt as our users have been asking about it for the last
few years,” Greunbaum added.</p><p>TipRanks Explains New ETF Research Tools</p><p>According to TipRanks, the analyst forecast and price target tool provides average analyst consensus on an
entire ETF holding based on the underlying assets. On the other hand, the company said it has extended its Smart Score
function to EFTs in order to use six key factors such as the
weighted average of an ETF holding, to predict the performance of an ETF. The
performance predictions are ranked on a 1-10 score. </p><p>In addition, the tool for technical analysis provides technical details, such as simple and exponential moving averages, to help investors understand
how an ETF is being traded.</p><p>Meanwhile, the introduction of the new research tools comes over a month after TipRanks disclosed plans <a href=”https://www.financemagnates.com/forex/tipranks-to-acquire-digital-financial-news-publisher-the-fly/” target=”_blank” rel=”follow”>to acquire The Fly</a>, a digital financial
news publisher. Furthermore, in August last year, the company <a href=”https://www.financemagnates.com/forex/exclusive-admirals-joins-forces-with-tipranks-to-boost-traders-research-capacity/” target=”_blank” rel=”follow”>partnered with Admirals</a> to improve the
research capabilities of traders.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
