Mining the Relationship Between COVID-19 Sentiment and Market Performance
Fuente:
arXiv
Salvato in:
| Autori principali: | , , |
|---|---|
| Natura: | Preprint |
| Pubblicazione: |
2021
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1866917713617616896 |
|---|---|
| author | Xia, Ziyuan Chen, Jeffery Sun, Anchen |
| author_facet | Xia, Ziyuan Chen, Jeffery Sun, Anchen |
| contents | At the beginning of the COVID-19 outbreak in March, we observed one of the largest stock market crashes in history. Within the months following this, a volatile bullish climb back to pre-pandemic performances and higher. In this paper, we study the stock market behavior during the initial few months of the COVID-19 pandemic in relation to COVID-19 sentiment. Using text sentiment analysis of Twitter data, we look at tweets that contain key words in relation to the COVID-19 pandemic and the sentiment of the tweet to understand whether sentiment can be used as an indicator for stock market performance. There has been previous research done on applying natural language processing and text sentiment analysis to understand the stock market performance, given how prevalent the impact of COVID-19 is to the economy, we want to further the application of these techniques to understand the relationship that COVID-19 has with stock market performance. Our findings show that there is a strong relationship to COVID-19 sentiment derived from tweets that could be used to predict stock market performance in the future. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2101_02587 |
| institution | arXiv |
| publishDate | 2021 |
| record_format | arxiv |
| spellingShingle | Mining the Relationship Between COVID-19 Sentiment and Market Performance Xia, Ziyuan Chen, Jeffery Sun, Anchen General Economics Economics Statistical Finance At the beginning of the COVID-19 outbreak in March, we observed one of the largest stock market crashes in history. Within the months following this, a volatile bullish climb back to pre-pandemic performances and higher. In this paper, we study the stock market behavior during the initial few months of the COVID-19 pandemic in relation to COVID-19 sentiment. Using text sentiment analysis of Twitter data, we look at tweets that contain key words in relation to the COVID-19 pandemic and the sentiment of the tweet to understand whether sentiment can be used as an indicator for stock market performance. There has been previous research done on applying natural language processing and text sentiment analysis to understand the stock market performance, given how prevalent the impact of COVID-19 is to the economy, we want to further the application of these techniques to understand the relationship that COVID-19 has with stock market performance. Our findings show that there is a strong relationship to COVID-19 sentiment derived from tweets that could be used to predict stock market performance in the future. |
| title | Mining the Relationship Between COVID-19 Sentiment and Market Performance |
| topic | General Economics Economics Statistical Finance |
| url | https://arxiv.org/abs/2101.02587 |