{"id":112292,"date":"2023-10-10T15:36:11","date_gmt":"2023-10-10T15:36:11","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=review&p=112292"},"modified":"2024-04-04T11:02:06","modified_gmt":"2024-04-04T11:02:06","slug":"altindex-review","status":"publish","type":"review","link":"https:\/\/www.techopedia.com\/investing\/altindex-review","title":{"rendered":"AltIndex Review 2024 – Pros & Cons Revealed"},"content":{"rendered":"

In this AltIndex review<\/strong>, we cover everything there is to know. Read on to discover AltIndex’s key features, pricing, target market, benefits, and drawbacks.<\/p>\n

What is AltIndex?<\/span><\/h2>\n

At its core, AltIndex<\/a> is an alternative data provider<\/a>. It extracts and analyzes data outside of traditional sources to yield investment insights. This includes social media networks like Facebook, Twitter, and Reddit. For example, AltIndex will analyze public sentiment on a stock based on followers, likes, mentions, and shares.<\/p>\n

If sentiment is positive, AltIndex will assign the stock a high score. And conversely, low scores are awarded to stocks with a negative sentiment. In addition to social media, AltIndex also analyzes website analytics. Data points include total website websites and how this compares to historical periods and industry competitors.<\/p>\n

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It also examines how long users spend on the website and which specific pages are being viewed.\u00a0This can yield notable insights – especially on stocks with an e-commerce and digital presence. AltIndex also analyzes employee satisfaction and job posting statistics. If a company is increasing its workforce, this highlights that it’s looking to expand.<\/p>\n

As an AltIndex user, you can view all of the data points and insights mentioned above. That’s not all – AltIndex utilizes its findings to generate stock recommendations. This is based on AI-generated ratings based on broader consumer sentiment. Stock recommendations are sent via email and have a historical win rate of 75%. Our AltIndex review also found that the platform offers stock alerts, which are ideal for keeping tabs on your portfolio.<\/p>\n

In addition to stocks, AltIndex also tracks the best cryptocurrencies to trade<\/a>. This includes Bitcoin, Solana, Ethereum, and Litecoin. AltIndex offers a free plan that allows users to try its core services. However, the free plan comes with limitations – such as the number of stock alerts or recommendations posted. Paid plans cost $29 or $99 per month, depending on your requirements. We cover pricing in a lot more detail later in this AltIndex review.<\/p>\n

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AltIndex Services<\/span><\/h2>\n

In this section of our AltIndex review, we’ll take a much closer look at its core services.<\/p>\n

Alternative Data Insights<\/strong><\/h3>\n

The entire AltIndex ecosystem revolves around alternative data. So what is alternative data<\/a> and how does it help investors make smart decisions? In a nutshell, alternative data is information outside of conventional sources.<\/p>\n