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NEW YORK--(BUSINESS WIRE)--Aug. 23, 2000
Portfolio Science, Inc., a New York based online financial services company, announced the release of the wireless version of its free risk analysis web site, PortfolioScience.com.
Through this service, users of PortfolioScience.com can analyze the risk and performance of their portfolios through a WAP (wireless application protocol) interface. "We have stated before that our goal was to bring institutional quality financial analysis to the hands of every investor, and now we are doing literally just that," commented Portfolio Science, Inc.'s president, Ittai Korin.
The wireless version of the site enables investors to analyze the risk and performance of their stock portfolios via hand held WAP devices such as mobile phones, PDA's and pagers. PortfolioScience.com utilizes a patent pending technology in order to generate portfolio risk measurements. The system calculates the expected fluctuations of an investor's portfolio given current market conditions. In addition to portfolio-wide analysis, the site automatically sorts portfolios into separate market sectors.
Users can apply the analysis to individual stocks as well. "Investors are already trading via wireless mediums," adds Korin, "we provide them with powerful analysis tools no matter how they choose to invest." Much like the web-based site, PortfolioScience.com wireless allows users to monitor portfolio, sector, and stock risk, as well as profit and loss. Other features include access to stock prices, volatility levels, and portfolio editing through the WAP interface.
PorfolioScience.com uses technology first developed for sell side institutional use that utilized modern portfolio theory statistical techniques.
About Portfolio Science, Inc.
PortfolioScience is a new company dedicated to bringing powerful, easy to use risk analysis to the every-day investor. It is Portfolio Science Inc.'s goal to give each investor the ability to properly analyze what he or she has at risk in the stock market in exacting and real dollar terms. Portfolio Science Inc. is also a provider of risk analysis for professional money managers and hedge fund through its institutional product, PortfolioSciencePRO.com.
For additional information on Portfolio Science, Inc. or the services they offer visit their Web site at http://www.portfolioscience.com.
Portfolio Science, Inc. Ittai Korin, 917/523-5635 firstname.lastname@example.org http://www.portfolioscience.com/
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