Year: 2024
Type: article
Abstract: — This paper examines the important role of analyzing financial sentiment in comprehending market trends and investor actions. In a time where public sentiment can significantly influence financial outcomes, it is crucial for both investors and analysts to evaluate the emotions present in text data from diverse sources like social media, financial news, and earnings call transcripts. The article provides a comprehensive summary of key methods such as Natural Language Processing (NLP), machine learning, deep learning, and sentiment lexicons, all of which are crucial for effectively capturing and interpreting financial sentiment. Financial sentiment analysis applications are thoroughly discussed, with an emphasis on predicting stock market trends, managing risks, and evaluating consumer sentiment. Case studies highlight practical applications, showing how sentiment analysis can improve forecast precision and impact investment tactics. Moreover, the publication addresses the challenges encountered in the field, such as identifying sarcasm and dealing with data interference, which hinder the examination of nuanced language and contextual understandings. In the future, the publication will examine predicted patterns influenced by advancements in artificial intelligence and big data technology, highlighting the potential for more thorough examination of extensive datasets. This study seeks to provide financial professionals with the understanding needed to navigate the complexities of market sentiment by presenting a fair representation of both the opportunities and constraints in financial sentiment analysis. In the end, this report contributes to the growing field of financial analysis, paving the way for further research and practical use in a market that is becoming more based on sentiment.
Authors: Laila Arzuman Ara, MD Ishtiyak Rahman
Institution: Varendra University
Language: English
Subfield: Artificial Intelligence
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4406484359