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How social media reflects negative stock market sentiment
An analysis of social media posts — done with the benefit of hindsight of the 1600 BSE Sensex crash on Monday, August 24, 2015 — suggests that people were fearful of a possible crash. Social media posts moved from a positive sentiment band in the beginning of last week to an utterly negative zone last Friday, hinting that investors were not confident of market holding up at higher levels, according to Heckyl Technologies, a data analytics firm.
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Academics at University of California have created a computer model which predicts stock market movements on the basis of data from social media posts. Their results outperformed DJI Average (index) and were 11% more accurate than other
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Thanks this is really informative post..
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An analysis of social media posts - done with the benefit of hindsight of the 1600 BSE Sensex crash suggests that people were fearful of a possible crash. Social media posts moved from a positive sentiment band in the beginning of last week to an utterly negative zone last Friday, hinting that investors were not confident of market holding up at higher levels.
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