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Related papers: Sentiment trading with large language models

200 papers

Large language models (LLMs), including ChatGPT, can extract profitable trading signals from the sentiment in news text. However, backtesting such strategies poses a challenge because LLMs are trained on many years of data, and backtesting…

General Finance · Quantitative Finance 2023-10-02 Paul Glasserman , Caden Lin

Financial sentiment analysis plays a crucial role in decoding market trends and guiding strategic trading decisions. Despite the deployment of advanced deep learning techniques and language models to refine sentiment analysis in finance,…

Computation and Language · Computer Science 2023-11-07 Georgios Fatouros , John Soldatos , Kalliopi Kouroumali , Georgios Makridis , Dimosthenis Kyriazis

Large Language Models (LLM) have recently been shown to perform well at various tasks from language understanding, reasoning, storytelling, and information search to theory of mind. In an extension of this work, we explore the ability of…

Computation and Language · Computer Science 2023-10-31 Nutchanon Yongsatianchot , Tobias Thejll-Madsen , Stacy Marsella

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

Accurately predicting short-term stock price movement remains a challenging task due to the market's inherent volatility and sensitivity to investor sentiment. This paper discusses a deep learning framework that integrates emotion features…

Machine Learning · Computer Science 2025-10-07 An Vuong , Susan Gauch

The remarkable achievements and rapid advancements of Large Language Models (LLMs) such as ChatGPT and GPT-4 have showcased their immense potential in quantitative investment. Traders can effectively leverage these LLMs to analyze financial…

Computation and Language · Computer Science 2023-10-11 Yujie Ding , Shuai Jia , Tianyi Ma , Bingcheng Mao , Xiuze Zhou , Liuliu Li , Dongming Han

The paper considers the possibility to fine-tune Llama 2 GPT large language model (LLM) for the multitask analysis of financial news. For fine-tuning, the PEFT/LoRA based approach was used. In the study, the model was fine-tuned for the…

Computation and Language · Computer Science 2023-09-12 Bohdan M. Pavlyshenko

Background: Large language models (LLMs) have seen extraordinary advances with applications in clinical decision support. However, high-quality evidence is urgently needed on the potential and limitation of LLMs in providing accurate…

Artificial Intelligence · Computer Science 2024-09-24 Yuxing Zhi , Yuan Guo , Kai Yuan , Hesong Wang , Heng Xu , Haina Yao , Albert C Yang , Guangrui Huang , Yuping Duan

Sentiment analysis serves as a pivotal component in Natural Language Processing (NLP). Advancements in multilingual pre-trained models such as XLM-R and mT5 have contributed to the increasing interest in cross-lingual sentiment analysis.…

Computation and Language · Computer Science 2024-06-28 Xiliang Zhu , Shayna Gardiner , Tere Roldán , David Rossouw

Accurate stock market predictions following earnings reports are crucial for investors. Traditional methods, particularly classical machine learning models, struggle with these predictions because they cannot effectively process and…

Computational Finance · Quantitative Finance 2024-11-13 Haowei Ni , Shuchen Meng , Xupeng Chen , Ziqing Zhao , Andi Chen , Panfeng Li , Shiyao Zhang , Qifu Yin , Yuanqing Wang , Yuxi Chan

In this study, we wish to showcase the unique utility of large language models (LLMs) in financial semantic annotation and alpha signal discovery. Leveraging a corpus of company-related tweets, we use an LLM to automatically assign…

Statistical Finance · Quantitative Finance 2025-08-19 Yueyi Wang , Qiyao Wei

This project introduces an end-to-end trading system that leverages Large Language Models (LLMs) for real-time market sentiment analysis. By synthesizing data from financial news and social media, the system integrates sentiment-driven…

Trading and Market Microstructure · Quantitative Finance 2025-02-04 Ziyao Zhou , Ronitt Mehra

Large Language Models (LLMs) have demonstrated potential in predicting mental health outcomes from online text, yet traditional classification methods often lack interpretability and robustness. This study evaluates structured reasoning…

Computation and Language · Computer Science 2026-01-09 Avinash Patil , Amardeep Kour Gedhu

We examine how large language models (LLMs) interpret historical stock returns and compare their forecasts with estimates from a crowd-sourced platform for ranking stocks. While stock returns exhibit short-term reversals, LLM forecasts…

General Finance · Quantitative Finance 2024-09-19 Shuaiyu Chen , T. Clifton Green , Huseyin Gulen , Dexin Zhou

Large language models (LLMs) have demonstrated promising performance in various financial applications, though their potential in complex investment strategies remains underexplored. To address this gap, we investigate how LLMs can predict…

Computational Engineering, Finance, and Science · Computer Science 2024-12-02 Yoshia Abe , Shuhei Matsuo , Ryoma Kondo , Ryohei Hisano

Large language models (LLMs) promise to democratize financial analysis by reducing information-processing costs. Yet equal access does not ensure equal outcomes, as the locus of friction may shift from processing information to evaluating…

General Finance · Quantitative Finance 2025-10-23 Edward Li , Min Shen , Zhiyuan Tu , Dexin Zhou

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

Recently, large language models (LLMs) have demonstrated outstanding reasoning capabilities on mathematical and coding tasks. However, their application to financial tasks-especially the most fundamental task of stock movement…

Computation and Language · Computer Science 2025-10-27 Xueyuan Lin , Cehao Yang , Ye Ma , Ming Li , Rongjunchen Zhang , Yang Ni , Xiaojun Wu , Chengjin Xu , Jian Guo , Hui Xiong

In recent years, large language models (LLMs) have attracted attention due to their ability to generate human-like text. As surveys and opinion polls remain key tools for gauging public attitudes, there is increasing interest in assessing…

General Economics · Economics 2025-02-12 Shapeng Jiang , Lijia Wei , Chen Zhang

Machine learning methods are increasingly applied to analyze health-related public discourse based on large-scale data, but questions remain regarding their ability to accurately detect different types of health sentiments. Especially,…

Computation and Language · Computer Science 2025-07-08 Soojong Kim , Kwanho Kim , Hye Min Kim