AlgoDynamix Pulls Trigger on ‘Magnum’ Price Forecasting Tool

The new tool captures crowding and clustering effects that can help forecast large price movements.

Trendline-IMD-Analytics

UK-based risk analytics provider AlgoDynamix has unveiled a new tool for forecasting large market movements and price changes across asset classes based on identifying clusters of similar behavior among market participants.

The vendor’s current PI-X tool identifies clusters of behavior and forecasts movements, usually on a weekly timescale, flagging the start and end of the anticipated movement, and is aimed at traders at smaller buy-side firms and hedge funds, and family offices. The new tool

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