ExtractAlpha's Innovation Model - select the most innovative stocks for outperformance

ExtractAlpha's Innovation Model scores 3000+ U.S. equities every day based on our proprietary metrics of innovation, which track patent filings and hiring activity. The Innovation Model, built using ExtractAlpha's raw dataset of government filings, the ESGEvents Library, tracks the industries and companies with the greatest amount of innovation intensity and scores them on a simple 1 to 100 basis. Historically the highest-scoring stocks have outperformed the lowest-scoring stocks, and in 2020 alone the highest-scoring stocks outperformed the lowest-scoring by over 35%. The Innovation Model is a slow-moving, high-capacity signal which can be easily incorporated into institutional investor's process.