Researchers develop algo that uses Twitter to predict the stock market

https://www.finextra.com/newsarticle/31564/researchers-develop-algo-that-uses-twitter-to-predict-the-stock-market

Participants

  • Jan van Dalen
    Role: Faculty
    Reference type: Referenced
  • Ting Li
    Role: Faculty
    Reference type: Quoted

Media outlets

  • Finextra.com (Online)

Description

Ting Li and Jan van Dalen of RSM have developed an algorithm that scans tweets about stocks, successfully predicting price fluctuations. "This could be used by institutional investors or home-based day traders, and proves that Twitter isn’t just noise - useful information can be extracted and could help investors make better decisions," says Li.

Ting Li and Jan van Dalen of RSM have developed an algorithm that scans tweets about stocks, successfully predicting price fluctuations. "This could be used by institutional investors or home-based day traders, and proves that Twitter isn’t just noise - useful information can be extracted and could help investors make better decisions," says Li.