Decided to give Signals a try and follow the current De-Fi hype… APY APY APY. So the idea is very simple: what is the annual percentage yield for a stock, based on its price and dividends?
I found a nice endpoint on IEX Cloud’s API: https://iexcloud.io/docs/api/#dividends-basic. The fields amount and frequency, combined with the daily price, being all we need.
IEX Cloud is free-ish, meaning there is a free account but it’s limited in endpoints and calls per month. However, they also provide a sandbox mode which you can call as much as you want. Some data in sandbox mode is obfuscated but not all. Also, a subscription for $9/month (~0.15NMR?!) is not the end of the world.
Anyway there’s two Python wrappers for the API: https://github.com/addisonlynch/iexfinance and https://github.com/iexcloud/pyEX.
I was able to create a proof of concept for this APY signal and decided to open source it as an example script. Liam was actually so crazy to accept it into the official repo! https://github.com/numerai/example-scripts/tree/master/signals/iexcloud
Curious to hear if other Numeratis have experience with IEX Cloud. I am also very open to comments and feedback on the signal itself, so far the results for this rough version are not bad: https://signals.numer.ai/gosuto_test
