July 29, 2012 – Progress on the Demand index

July 30th, 2012 jasonejacks

So What is the Demand Index?

Once the Demand Index algorithm has been completed and fully tested, the demand index will be a daily tracking index showing the overall demand for certain loan grades/types. It will be primarily coded in Unix Shell script.

How does the Demand Index work?

The Demand index will automatically download the “In Funding” and “Funded” loan data once per day and measure how much has been invested into different types of loans. Since Lending Club issues updated tables once per day, that is the minimum update period that can be achieved. The algorithm’s primary purpose is to measure demand via comparing speed of funding and the overall “vacancy” rates for loan types.

How can the Demand Index be used?

The Demand Index can be used by institutions or any other interested parties to track the development of investor preference on the Peer to Peer lending platform of Lending Club.

So how close is it to being done?

The basic code for comparing the In Funding loan amounts on a day by day basis is now complete. Basic functionality and preliminary performance will be posted on P2P Analytics soon.

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One Response to “July 29, 2012 – Progress on the Demand index”

  1. Michael says:
    August 13, 2012 at 5:41 pm

    I would like to port this to my site! Are you going to release the source? I had a chart like this in the past that would find the difference between issued and application dates. There are some very interesting trends as I am sure you noticed.

    Reply

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