May 2011
Beginner to intermediate
384 pages
12h 28m
English
Content preview from The Handbook of News Analytics in Finance
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17.7 CONCLUSION: NORM CONTRIBUTION TO RISK ASSESSMENT
It is clear that the successful incorporation of financial news will provide risk assessment measures with an appropriate tool to more closely estimate actual risks. Since the technology is available to semantically analyse news so that qualitative information can be extracted, the most interesting development will be to incorporate this qualitative information into risk assessment measures.
The main concrete result of NORM—as a news-based analysis solution—is that it is able to adapt market risk assessment metrics. This solution consist of risk management software and financial services, creating a financially stable model that ensures transparent asset liquidity management. The results will improve the risk management of assets under management and provide an early warning system for the risks involved, based on real-time market developments before they become apparent in quantitative market signals. Apart from early warnings on regulatory issues and fraud detection, it also provides a unique opportunity for traders to limit risk and improve their alpha.
The Handbook of News Analytics in Finance Edited by L. Mitra and G. Mitra © 2011 John Wiley & Sons
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