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The Handbook of News Analytics in Finance
book

The Handbook of News Analytics in Finance

by Gautam Mitra, Leela Mitra
May 2011
Beginner to intermediate
384 pages
12h 28m
English
Wiley
Content preview from The Handbook of News Analytics in Finance

2

News analytics: Framework, techniques, and metrics

Sanjiv R. Das

ABSTRACT

News analysis is defined as “the measurement of the various qualitative and quantitative attributes of textual news stories. Some of these attributes are: sentiment, relevance, and novelty. Expressing news stories as numbers permits the manipulation of everyday information in a mathematical and statistical way” (Wikipedia). In this article, I provide a framework for news analytics techniques used in finance. I first discuss various news analytic methods and software, and then provide a set of metrics that may be used to assess the performance of analytics. Various directions for this field are discussed through the exposition. The techniques herein can aid in the valuation and trading of securities, facilitate investment decision making, meet regulatory requirements, or manage risk.

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Publisher Resources

ISBN: 9780470666791Purchase book