TrimTabs Investment Research, Inc. is an independent investment research firm based in Sausalito, California.
TrimTabs’ perspective relies on the insight that stock prices are a function of supply and demand and have nothing to do with value. To track the supply of stock on both the U.S. stock market and on non-U.S. stock markets, TrimTabs uses proprietary techniques to collect data on cash takeovers, stock buybacks, new offerings, and insider trading. To track the demand for stock, TrimTabs measures the daily monetary flows into and out of mutual funds and exchange-traded funds and the monthly monetary flows into and out of hedge funds.
Biderman eventually noticed that no one was tracking money flows into and out of the U.S. stock market on a regular basis. He began searching for real-time data on money flows of all sorts, including corporate buying and selling, mutual fund flows, and changes in margin debt.
Corporate America became a heavy net buyer of stock in late 1994, and inflows into stock mutual funds from individuals began to accelerate in 1995. By that time, Biderman realized that TrimTabs’ specialty of short selling was not working well because of the sheer volume of cash flooding into the U.S. stock market from corporate America and individual investors. In August 1995, he began to analyze U.S. stock market liquidity in what would later become TrimTabs Weekly Liquidity Review. TrimTabs' investment approach is described in detail in TrimTabs Investing: Using Liquidity Theory to Beat the Stock Market (John Wiley & Sons, 2005).
TrimTabs has broadened its offerings in recent years. In 2002, it launched TrimTabs Weekly Macro Analysis, which uses real-time indicators such as income tax collections and online job postings to assess the health of the U.S. economy. In 2005, TrimTabs Asset Management was founded. This subsidiary manages money using an absolute return strategy that applies TrimTabs’ investment insights. In 2006, TrimTabs unveiled TrimTabs Sector Liquidity, which assesses the liquidity of U.S. stock market sectors and sub-sectors. It also launched TrimTabs Global Liquidity Review, which currently tracks liquidity on the London Stock Exchange, the Euronext Paris, the Hong Kong Stock Exchange, and the Toronto Stock Exchange.
TrimTabs Estimates Take-Home Pay of All Taxpayers in 2009 Plunged $800 Billion, or 12%, While Value of U.S. Stocks Surged $3.5 Trillion, or 27%.
Jan 08, 2010; TrimTabs Investment Research estimated today that the take-home pay of all taxpayers in 2009 plunged $800 billion, or 12%, to...
Choppy Waters: The first quarter of 2007 was tumultuous, leaving investors wondering what the waves will bring in next quarter.
May 01, 2007; Despite the volatility in the Chinese market and the problems with subprime mortgages, the first quarter of 2007 ended on an...