Fundemental Data II

No, FactSet does not provide point-in-time data. Compustat kept effective dates for all changes that they made. So if a number changed from 135 to 160 on November 3, 2015, we knew that prior to November 3, 2015 it was 135 and after that it was 160. FactSet does not give us effective dates for changes and they do not inform us of those changes. Moreover, they do not give us the dates on which they made their data available to subscribers. So if a company announced on November 3, 2015 but FactSet didn’t process the data until November 12, 2015, we have no way of knowing. We have taken several measures to mitigate the effects of these things, including adding a one-day lag for preliminaries and final statements and keeping track of effective dates as best as we can post-June 2020.