finance

New Constructs: Disrupting Fundamental Analysis with Robo-Analysts

Using machine-learning technology, New Constructs creates cleaned up financial statement data that removes accounting distortions. This powerful data aims to provide unparalleled insights into companies’ true economic picture; used in Business Analysis and Valuation course at Harvard Business School

Getting WRDS CRSP Data

Wharton Research Data Services (WRDS) is the standard finance and accounting data source for academic research. WRDS is composed of many individual datasets provided by different vendors. The two most commonly used are Compustat (for accounting data) and CRSP (for stock data).

Internal Rate of Return

Time Value of Money The internal rate of return (IRR) is simply the rate r that equates the future value of money to the present value. Despite being a foundational tool in financial analysis, the economic interpretation of this value is highly contested.