There is an ever increasing number of websites dedicated to aiding in analytics and investing in Lending Club and Prosper. In this comprehensive two-part series we will look at all of the popular tools that investors use today (there are ten in all) in order to backtest strategies, automate their investments and analyze data. Analytics and data has been a large part of p2p lending from the start and investors are always looking for an advantage to potentially maximize returns. Investment automation allows for a much better investment experience versus selecting notes on the platform by hand.
Nickel Steamroller has been around since mid 2011 and eventually merged with ProsperStats to bring Prosper and Lending Club data analytics into one single platform. With their site, you can back-test investment strategies and see how certain strategies would have fared over time. (Click of any of the images in this post to view them at full size.)
In the Results Options tab, you are able to further breakdown your strategy to look for other opportunities to increase ROI. For instance, a commonly used filter in the past has been to simply filter on inquiries. The below is the filtered breakout for loans that were issued before the end of 2013. [Read more…]