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Enhancing stock market forecasting using sequential training network empowered by tunicate swarm optimization

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Abstract

Owing to the dynamic nature of the financial industry, determining accurate stock market forecasts remains a significant challenge. Traditional forecasting methods often struggle to capture the intricate and volatile dynamics of stock price movements. Similarly numerous strategies for stock market prediction have been presented, precise prediction in this field still requires attention. Based on this insight, a novel sequential training model is proposed by adopting the optimal feature selection procedure. In order to determine stock price predictions, primarily financial Nifty data is obtained from the corresponding source. After acquiring financial data, the feature extraction phase is used to extract features from fundamental analysis, such as the Relative Strength Index, Rate of Change, Average True Range, and Exponential Moving Average. Additionally, statistical characteristics such as mean, standard deviation, variance, skewness, and kurtosis are derived from the stock market data. In order to select parameters, the fitness dependent randomised tunicate swarm optimization technique is utilized after the features have been retrieved. Feature selection improves the deep learning process and increases prediction capability by selecting the most important variables and eliminating irrelevant features. A novel sequential training technique is introduced aimed at forecasting stock market trends by leveraging the chosen features. The suggested approach undergoes comprehensive testing, evaluating its predictive capability using accuracy, precision, and recall metrics, implemented towards enhancing future stock price forecasts.

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Authors and Affiliations

  1. Research Scholar, Department of Computer Science and Engineering, Jawaharlal Nehru Technological University Kakinada, Kakinada, India

    Kalva Sudhakar

  2. Department of Information Technology, LakiReddy Bali Reddy College of Engineering (Autonomous), Krishna District, Mylavaram, AP-521230, India

    Satuluri Naganjaneyulu

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  1. Kalva Sudhakar
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  2. Satuluri Naganjaneyulu
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Correspondence to Kalva Sudhakar.

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Sudhakar, K., Naganjaneyulu, S. Enhancing stock market forecasting using sequential training network empowered by tunicate swarm optimization. Multimed Tools Appl 83, 54449–54472 (2024). https://doi.org/10.1007/s11042-023-17686-8

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  • DOI: https://doi.org/10.1007/s11042-023-17686-8

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