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We develop a resource-efficient methodology for measuring economic outlook in news text that combines document embeddings with synthetic training data generated by large language models. Applied to 27 million news articles, the resulting…

General Economics · Economics 2026-02-18 Elliot Beck , Franziska Eckert , Linus Kühne , Helge Liebert , Rina Rosenblatt-Wisch

Financial market like the price of stock, share, gold, oil, mutual funds are affected by the news and posts on social media. In this work deep learning based models are proposed to predict the trend of financial market based on NLP analysis…

Computational Engineering, Finance, and Science · Computer Science 2024-03-20 Arijit Das , Tanmoy Nandi , Prasanta Saha , Suman Das , Saronyo Mukherjee , Sudip Kumar Naskar , Diganta Saha

Opinions expressed in online finance-related textual data are having an increasingly profound impact on trading decisions and market movements. This trend highlights the vital role of sentiment analysis as a tool for quantifying the nature…

Computation and Language · Computer Science 2025-07-25 Giorgos Iacovides , Wuyang Zhou , Danilo Mandic

The new digital revolution of big data is deeply changing our capability of understanding society and forecasting the outcome of many social and economic systems. Unfortunately, information can be very heterogeneous in the importance,…

Statistical Finance · Quantitative Finance 2015-12-16 Gabriele Ranco , Ilaria Bordino , Giacomo Bormetti , Guido Caldarelli , Fabrizio Lillo , Michele Treccani

Natural language processing (NLP) has recently gained relevance within financial institutions by providing highly valuable insights into companies and markets' financial documents. However, the landscape of the financial domain presents…

Computation and Language · Computer Science 2024-01-29 Pau Rodriguez Inserte , Mariam Nakhlé , Raheel Qader , Gaetan Caillaut , Jingshu Liu

We provide a simple but novel supervised weighting scheme for adjusting term frequency in tf-idf for sentiment analysis and text classification. We compare our method to baseline weighting schemes and find that it outperforms them on…

Computation and Language · Computer Science 2014-07-01 Yoon Kim , Owen Zhang

Stock market price prediction is a significant interdisciplinary research domain that depends at the intersection of finance, statistics, and economics. Forecasting Accurately predicting stock prices has always been a focal point for…

Artificial Intelligence · Computer Science 2026-01-19 Navin Chhibber , Sunil Khemka , Navneet Kumar Tyagi , Rohit Tewari , Bireswar Banerjee , Piyush Ranjan

The propensity score is widely used for causal inference in observational studies, but common parametric estimators can produce biased and inefficient effect estimates when model assumptions are violated. Nonparametric approaches reduce…

Methodology · Statistics 2026-04-09 Maosen Peng , Yan Li , Chong Wu , Liang Li

We present a scheme by which a probabilistic forecasting system whose predictions have poor probabilistic calibration may be recalibrated by incorporating past performance information to produce a new forecasting system that is demonstrably…

Methodology · Statistics 2019-04-08 Carlo Graziani , Robert Rosner , Jennifer M. Adams , Reason L. Machete

This study investigates empirically whether the degree of stock market efficiency is related to the prediction power of future price change using the indices of twenty seven stock markets. Efficiency refers to weak-form efficient market…

Statistical Finance · Quantitative Finance 2009-11-13 Cheoljun Eom , Gabjin Oh , Woo-Sung Jung

The paper proposes a method of financial time series forecasting taking into account the semantics of news. For the semantic analysis of financial news the sampling of negative and positive words in economic sense was formed based on…

General Finance · Quantitative Finance 2017-05-25 Kateryna Kononova , Anton Dek

Sentiment analysis or opinion mining help to illustrate the phrase NLP (Natural Language Processing). Sentiment analysis has been the most significant topic in recent years. The goal of this study is to solve the sentiment polarity…

Computation and Language · Computer Science 2023-07-06 Fatema Tuz Zohra Anny , Oahidul Islam

Stock trend forecasting is a fundamental task of quantitative investment where precise predictions of price trends are indispensable. As an online service, stock data continuously arrive over time. It is practical and efficient to…

Statistical Finance · Quantitative Finance 2024-04-09 Lifan Zhao , Shuming Kong , Yanyan Shen

The output of predictive models is routinely recalibrated by reconciling low-level predictions with known derived quantities defined at higher levels of aggregation. For example, models predicting turnout probabilities at the individual…

Methodology · Statistics 2021-12-14 Evan T. R. Rosenman , Santiago Olivella

To predict the future movements of stock markets, numerous studies concentrate on daily data and employ various machine learning (ML) models as benchmarks that often vary and lack standardization across different research works. This paper…

Computational Finance · Quantitative Finance 2024-07-16 Han Gui

The only acceptable form of polling in the multi-billion dollar survey research field utilizes representative samples. We argue that with proper statistical adjustment, non-representative polling can provide accurate predictions, and often…

Social and Information Networks · Computer Science 2014-07-01 David Rothschild , Sharad Goel , Andrew Gelman , Doug Rivers

This paper investigates whether short-term market overreactions can be systematically predicted and monetized as momentum signals using high-frequency emotional information and modern machine learning methods. Focusing on Apple Inc. (AAPL),…

Trading and Market Microstructure · Quantitative Finance 2026-02-24 Szymon Lis , Robert Ślepaczuk , Paweł Sakowski

This paper investigates the role of expert-designed hint in enhancing sentiment analysis on financial social media posts. We explore the capability of large language models (LLMs) to empathize with writer perspectives and analyze…

Computation and Language · Computer Science 2024-09-27 Chung-Chi Chen , Hiroya Takamura , Ichiro Kobayashi , Yusuke Miyao

This paper investigates the potential improvement of the GPT-4 Language Learning Model (LLM) in comparison to BERT for modeling same-day daily stock price movements of Apple and Tesla in 2017, based on sentiment analysis of microblogging…

Statistical Finance · Quantitative Finance 2023-09-01 Rick Steinert , Saskia Altmann

The prediction of a stock price has always been a challenging issue, as its volatility can be affected by many factors such as national policies, company financial reports, industry performance, and investor sentiment etc.. In this paper,…

General Finance · Quantitative Finance 2020-09-08 Qiao Zhou , Ningning Liu
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