Alpha Generation through Job Analytics: A Novel Approach to Measuring Tech Adoption

March 15, 2023

New research using RavenPack Job Analytics to quantify tech adoption in hiring posts proves that companies hiring for novel tech skills outperform peers from an investment perspective.

Tech advances shape how companies compete. Success now depends on acquiring and implementing new tech. To innovate and grow, companies seek skilled individuals.

In our most recent study, we leverage RavenPack Job Analytics to quantify technological adoption in hiring posts and determine whether companies that consistently hire individuals with novel technology skills outperform their peers from an investment perspective.

Key Results:

  • A long-only portfolio using novel tech skills as a signal delivers an Information Ratio of 1.1 and Annualized Excess Returns of 2.8% relative to sector, with a near one-month effective holding period (5% Daily Turnover).

  • Alpha remains robust even after controlling for traditional factors.

  • The combination with monthly hiring growth leads to an enhanced portfolio performance with an Information Ratio of 1.4 and Annualized Excess Returns of 3.4%.

Watch the video summary

Job data innovation chart

We will process your personal data with the purpose of managing your personal account on RavenPack and offering our services. You can exercise your rights of access, rectification, erasure, restriction of processing, data portability and objection by emailing us at For more information, you can check out our Privacy Policy.