ai platform cindicator drive 47
AI platform Cindicator drives 47% per annum yield in Moscow Stock Exchange pilot
Decentralised analytics company Cindicator has undertaken a pilot project with the Moscow Stock Exchange, which showed the platform was able to drive an estimated 47% yield per annum for an experimental investment portfolio. Cindictor, which recently raised $500,000 (£386,000) in seed investment, forecasts financial case outcomes combining data from 15,000 non-professional analysts and AI mechanics, to provide hedge funds and institutional investors with precise forecasts. The pilot project saw a pool of 863 independent non-professional analysts' predicted price points for four futures daily. Based on answers to 56 questions, the platform powered around 100 deals, more than 80% of which turned out profitable. In 15 days, a model portfolio increased by 2.81% in value, which equals a 47% yield per annum.