Advan Notable Hits: General Motors Company (GM)

October 28, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit: (GM:NYSE) On Tuesday October 25, 2022 General Motors Company (GM) posted revenues of $41.89bn surpassing the consensus estimate by +0.15% and in the same direction as Advan's forecasted sales. The revenue increased 56% YoY and in line with Advan's employee foot traffic data increase of 14.5% YoY at its factories for Q3 2022. Advan's footfall data has a correlation of 0.91 on a YoY basis with GM's top-line revenue over the last 14 quarters.

Advan Hits: GM correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.