[bobbruno]

And there is your arbitrage opportunity. If you can model how analysts will react to a particular timeseries, even if it was random until that point, you have some information about the future. It'd be a good question to figure out if there is a consensus or majority about how to interpret patterns among the people making decisions or writing quant algos, that's something one could use.

[btbuildem]

That's an interesting take! You show them meaningless data, in order to extract their overall market sentiment, and use _that_ to inform your investing strategy?

[nequo]

This means that you don’t even need to ask the analysts to see how they react because any bias worth trading on can be predicted from the time series itself.