Year: 2011
Type: conference-paper
Abstract: This paper describes early work trying to predict stock market indicators such as Dow Jones, NASDAQ and S&P 500 by analyzing Twitter posts. We collected the twitter feeds for six months and got a randomized subsample of about one hundredth of the full volume of all tweets. We measured collective hope and fear on each day and analyzed the correlation between these indices and the stock market indicators. We found that emotional tweet percentage significantly negatively correlated with Dow Jones, NASDAQ and S&P 500, but displayed significant positive correlation to VIX. It therefore seems that just checking on twitter for emotional outbursts of any kind gives a predictor of how the stock market will be doing the next day.
Authors: Xue Zhang, Hauke Fuehres, Peter A. Gloor
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2037625889