Company Events & EarningsExtended setexperimental liveNew

Opentable Traffic Consumer Discretionary

Updated dailyData needs: lowlong only
JF
2011
Journal of Finance
Da-Engelberg-Gao 2011 JF (attention-as-alpha) applied to high-frequency consumer activity panel.
Citation only, paper link pending.

In plain terms

When OpenTable seated-diner traffic spikes vs the 2019 baseline, restaurant and travel stocks tend to follow over 5-20 days.

How it works

OpenTable State-of-Industry US seated-diner YoY% spikes 1sigma above 252d mean predict 5-20d outperformance in restaurants, hotels, airlines, ride-share, leisure REITs. Free data since March 2020 (~6yr backfill).

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • Opentable panel

    A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Reported return
0.5-2%/yr
Tested over
2020-03 onward

0.5-2%/yr concentrated in consumer-discretionary cross-section.

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

Explore Opentable Traffic Consumer Discretionary on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more