This project hope to explore the correlation between sentiment and the fluctuation of stock prices. The data set they use is the financial news from the Internet and the market index.
I really like this project because it is a hot topic in hedge fund now and has a broad prospective in the financial markets. In addition, they have a clear objective and plan so I believe they can handle the dataset well. At last, what attracts me most is they will use the information extracted from the financial news to build a trading strategy, which can give them much feedback about the effectiveness of the work they have done before.
Of course, we know that to some extent text analysis is a tough field and there are so many complex algorithms for natural language processing, which means they need to learn a lot. What's more, the general sentiment dictionary is not appropriate for financial news so maybe they need to generate a new dictionary by themselves. Finally, attaching each news to a specific underlying is also a troublesome procedure.
This project hope to explore the correlation between sentiment and the fluctuation of stock prices. The data set they use is the financial news from the Internet and the market index.
I really like this project because it is a hot topic in hedge fund now and has a broad prospective in the financial markets. In addition, they have a clear objective and plan so I believe they can handle the dataset well. At last, what attracts me most is they will use the information extracted from the financial news to build a trading strategy, which can give them much feedback about the effectiveness of the work they have done before.
Of course, we know that to some extent text analysis is a tough field and there are so many complex algorithms for natural language processing, which means they need to learn a lot. What's more, the general sentiment dictionary is not appropriate for financial news so maybe they need to generate a new dictionary by themselves. Finally, attaching each news to a specific underlying is also a troublesome procedure.