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Computer Science > Computational Engineering, Finance, and Science

Title: Effect of Leaders Voice on Financial Market: An Empirical Deep Learning Expedition on NASDAQ, NSE, and Beyond

Abstract: 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 of the twitter handles of leaders of different fields. There are many models available to predict financial market based on only the historical data of the financial component but combining historical data with news and posts of the social media like Twitter is the main objective of the present work. Substantial improvement is shown in the result. The main features of the present work are: a) proposing completely generalized algorithm which is able to generate models for any twitter handle and any financial component, b) predicting the time window for a tweets effect on a stock price c) analyzing the effect of multiple twitter handles for predicting the trend. A detailed survey is done to find out the latest work in recent years in the similar field, find the research gap, and collect the required data for analysis and prediction. State-of-the-art algorithm is proposed and complete implementation with environment is given. An insightful trend of the result improvement considering the NLP analysis of twitter data on financial market components is shown. The Indian and USA financial markets are explored in the present work where as other markets can be taken in future. The socio-economic impact of the present work is discussed in conclusion.
Comments: 20 pages original research
Subjects: Computational Engineering, Finance, and Science (cs.CE); Computers and Society (cs.CY); General Finance (q-fin.GN)
Cite as: arXiv:2403.12161 [cs.CE]
  (or arXiv:2403.12161v1 [cs.CE] for this version)

Submission history

From: Arijit Das [view email]
[v1] Mon, 18 Mar 2024 18:19:08 GMT (3158kb)

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