CBOE Taps SMA for 'Social' Benchmark Indexes

CBOE will use SMA's social media-based metrics to develop a range of indexes to help investors identify potential trades.

william-speth-cboe-wide-crop

"Our research suggests that there is a high correlation between the price movements in stocks and SMA's data. Investors could potentially use these benchmarks to build strategies to enhance risk-adjusted returns in a portfolio," says William Speth, vice president of research and product development at CBOE, in a statement.