Stock Price Prediction using Multi-Faceted Information based on Deep Recurrent Neural Networks
Fuente:
arXiv
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| Autores principales: | , , |
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| Formato: | Preprint |
| Publicado: |
2024
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| _version_ | 1866909408933445632 |
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| author | Shahbandari, Lida Moradi, Elahe Manthouri, Mohammad |
| author_facet | Shahbandari, Lida Moradi, Elahe Manthouri, Mohammad |
| contents | Accurate prediction of stock market trends is crucial for informed investment decisions and effective portfolio management, ultimately leading to enhanced wealth creation and risk mitigation. This study proposes a novel approach for predicting stock prices in the stock market by integrating Convolutional Neural Networks (CNN) and Long Short-Term Memory (LSTM) networks, using sentiment analysis of social network data and candlestick data (price). The proposed methodology consists of two primary components: sentiment analysis of social network and candlestick data. By amalgamating candlestick data with insights gleaned from Twitter, this approach facilitates a more detailed and accurate examination of market trends and patterns, ultimately leading to more effective stock price predictions. Additionally, a Random Forest algorithm is used to classify tweets as either positive or negative, allowing for a more subtle and informed assessment of market sentiment. This study uses CNN and LSTM networks to predict stock prices. The CNN extracts short-term features, while the LSTM models long-term dependencies. The integration of both networks enables a more comprehensive analysis of market trends and patterns, leading to more accurate stock price predictions. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2411_19766 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Stock Price Prediction using Multi-Faceted Information based on Deep Recurrent Neural Networks Shahbandari, Lida Moradi, Elahe Manthouri, Mohammad Machine Learning Artificial Intelligence Accurate prediction of stock market trends is crucial for informed investment decisions and effective portfolio management, ultimately leading to enhanced wealth creation and risk mitigation. This study proposes a novel approach for predicting stock prices in the stock market by integrating Convolutional Neural Networks (CNN) and Long Short-Term Memory (LSTM) networks, using sentiment analysis of social network data and candlestick data (price). The proposed methodology consists of two primary components: sentiment analysis of social network and candlestick data. By amalgamating candlestick data with insights gleaned from Twitter, this approach facilitates a more detailed and accurate examination of market trends and patterns, ultimately leading to more effective stock price predictions. Additionally, a Random Forest algorithm is used to classify tweets as either positive or negative, allowing for a more subtle and informed assessment of market sentiment. This study uses CNN and LSTM networks to predict stock prices. The CNN extracts short-term features, while the LSTM models long-term dependencies. The integration of both networks enables a more comprehensive analysis of market trends and patterns, leading to more accurate stock price predictions. |
| title | Stock Price Prediction using Multi-Faceted Information based on Deep Recurrent Neural Networks |
| topic | Machine Learning Artificial Intelligence |
| url | https://arxiv.org/abs/2411.19766 |