May 2011
Beginner to intermediate
384 pages
12h 28m
English
Content preview from The Handbook of News Analytics in FinanceBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
8
The impact of news flow on asset returns: An empirical study
Andy Moniz, Gurvinder Brar, Christian Davies, and Adam Strudwick
ABSTRACT
Earnings momentum strategies that the majority of systematic equity investors employ typically do not identify the piece of information that initially triggers the change in analyst forecasts. Here we look at higher frequency information contained within corporate news flow as a leading indicator of analyst revisions to understand what type of information causes analysts to revise their earnings expectations, how the informational content of the signal varies according to the news catalyst, and whether investors can use news flow signals as input into their models.
Our results show that news-flow-based strategies can add value to investors. Those that can react quickly can benefit from the short-term momentum following particular news items and gain an information advantage by incorporating news flow ahead of analyst revisions. Alternatively, investors can enhance performance of existing earnings momentum strategies by either combining this with a news flow signal or by trying to forecast which companies are likely to see analyst revisions post news announcements.
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