From News to Returns: A Granger-Causal Hypergraph Transformer on the Sphere

Fuente: arXiv
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Main Authors: Harit, Anoushka, Sun, Zhongtian, Yu, Jongmin
Format: Preprint
Published: 2025
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author Harit, Anoushka
Sun, Zhongtian
Yu, Jongmin
author_facet Harit, Anoushka
Sun, Zhongtian
Yu, Jongmin
contents We propose the Causal Sphere Hypergraph Transformer (CSHT), a novel architecture for interpretable financial time-series forecasting that unifies \emph{Granger-causal hypergraph structure}, \emph{Riemannian geometry}, and \emph{causally masked Transformer attention}. CSHT models the directional influence of financial news and sentiment on asset returns by extracting multivariate Granger-causal dependencies, which are encoded as directional hyperedges on the surface of a hypersphere. Attention is constrained via angular masks that preserve both temporal directionality and geometric consistency. Evaluated on S\&P 500 data from 2018 to 2023, including the 2020 COVID-19 shock, CSHT consistently outperforms baselines across return prediction, regime classification, and top-asset ranking tasks. By enforcing predictive causal structure and embedding variables in a Riemannian manifold, CSHT delivers both \emph{robust generalisation across market regimes} and \emph{transparent attribution pathways} from macroeconomic events to stock-level responses. These results suggest that CSHT is a principled and practical solution for trustworthy financial forecasting under uncertainty.
format Preprint
id arxiv_https___arxiv_org_abs_2510_04357
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle From News to Returns: A Granger-Causal Hypergraph Transformer on the Sphere
Harit, Anoushka
Sun, Zhongtian
Yu, Jongmin
Machine Learning
Computational Finance
We propose the Causal Sphere Hypergraph Transformer (CSHT), a novel architecture for interpretable financial time-series forecasting that unifies \emph{Granger-causal hypergraph structure}, \emph{Riemannian geometry}, and \emph{causally masked Transformer attention}. CSHT models the directional influence of financial news and sentiment on asset returns by extracting multivariate Granger-causal dependencies, which are encoded as directional hyperedges on the surface of a hypersphere. Attention is constrained via angular masks that preserve both temporal directionality and geometric consistency. Evaluated on S\&P 500 data from 2018 to 2023, including the 2020 COVID-19 shock, CSHT consistently outperforms baselines across return prediction, regime classification, and top-asset ranking tasks. By enforcing predictive causal structure and embedding variables in a Riemannian manifold, CSHT delivers both \emph{robust generalisation across market regimes} and \emph{transparent attribution pathways} from macroeconomic events to stock-level responses. These results suggest that CSHT is a principled and practical solution for trustworthy financial forecasting under uncertainty.
title From News to Returns: A Granger-Causal Hypergraph Transformer on the Sphere
topic Machine Learning
Computational Finance
url https://arxiv.org/abs/2510.04357