Twitter Holds Keys to Market Success?
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Want to make money in the stock market? You'd better start using Twitter, pronto.
Researchers from Indiana University created an algorithm in 2009 to study whether or not falling markets will cause depression, according to the Financial Times. The IU researchers made the algo after suffering losses to its 401(k) pension plans in 2009.
IU researchers aimed their study Twitter, tracking sentiment along with market movements. What they found was impressive.
Data suggested that the researchers, based on Tweet analysis, could predict a rise or fall in the Dow Jones Industrial Average three to four days in advance.
The researchers scanned Twitters 100 million plus tweets each day to look for statements such as 'happy' or 'sad.'
Though many have poo-pooed the idea, some are starting hedge funds that use Twitter algo's in order to turn profits.
So get started today! You can follow us here.
Researchers from Indiana University created an algorithm in 2009 to study whether or not falling markets will cause depression, according to the Financial Times. The IU researchers made the algo after suffering losses to its 401(k) pension plans in 2009.
IU researchers aimed their study Twitter, tracking sentiment along with market movements. What they found was impressive.
Data suggested that the researchers, based on Tweet analysis, could predict a rise or fall in the Dow Jones Industrial Average three to four days in advance.
The researchers scanned Twitters 100 million plus tweets each day to look for statements such as 'happy' or 'sad.'
Though many have poo-pooed the idea, some are starting hedge funds that use Twitter algo's in order to turn profits.
So get started today! You can follow us here.
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