News Sentiment and Future Stock Returns
July 8, 2016 - Sentiment Indicators
Can computer software extract exploitable sentiments about individual stocks as conveyed by news articles? In their June 2016 paper entitled “News Versus Sentiment: Predicting Stock Returns from News Stories”, Steven Heston and Nitish Sinha test whether firm news sentiment as interpreted by Thomson Reuters NewScope reliably predicts stock returns. Input data include article publication time, firm mentioned, headline, relevance to the firm, staleness and sentiment… Keep Reading