Discovering News Events That Move Markets
|Title:||Discovering News Events That Move Markets||Authors:||Gurin, Yuriy
Keane, Mark T.
|Permanent link:||http://hdl.handle.net/10197/9060||Date:||8-Sep-2017||Abstract:||Recently, there has been an explosion of interest in the use of textual sources (e.g., market reports, news articles, company reports) to predict changes in stock and commodity markets. Most of this research is on sentiment analysis, but some of it has tried to use the news itself to predict market movements. In this paper, we use 10-years of news articles – from a weekly, agricultural, trade newspaper – to predict price changes in a commodity market for beef. Two experiments explore the different ways in which news reports affect the market via (i) major market-impacting events (i.e., rare natural disasters or food scandals) or (ii) minor market-impacting events (e.g., mundane reports about inflation, oil prices, etc). We find that different techniques need to be used to uncover major events (e.g., LLRs) as opposed to minor events (e.g., classifiers) and show that no single unified predictive model appears to be able to do both.||Funding Details:||Science Foundation Ireland||Type of material:||Conference Publication||Keywords:||Event detection;Market prediction;Text analytics;News||Language:||en||Status of Item:||Peer reviewed||Conference Details:||Intelligent Systems Conference 2017 (IntelliSys2017), London, United Kingdom, 7-8 September 2017|
|Appears in Collections:||Computer Science Research Collection|
Insight Research Collection
Show full item record
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.