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Exploring Sentiment on Financial Market Through Social Media Stream Analysis

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Reshaping Accounting and Management Control Systems

Part of the book series: Lecture Notes in Information Systems and Organisation ((LNISO,volume 20))

Abstract

The aim of this chapter is to present the prototype developed in the TrendMiner project in the financial domain. TrendMiner is a Research & Development project co-funded by the European Commission under the 7th Framework Programme contract nr. FP7-ICT-287863. We developed a web-based prototype summarising the media stream in terms of its likely impact on a selected financial asset from economic and political-economic perspectives. The platform is able to gather the events occurring along the social media timeline and to build a tailored visualisation/summarisation of these data with price movements of a given stock or index. The results of the prototype have been evaluated and summarised in this chapter, and three examples are used as proof of concepts for validating the prototype outcomes against the known market behaviours and the existing literature. The TrendMiner financial use case prototype shows its ability to play as another decision support tool besides the consolidated market forecast techniques such as technical and fundamental analysis.

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Author information

Authors and Affiliations

  1. Eurokleis, Via Romeo Romei, 27, Rome, RM, 00136, Italy

    Francesco Bellini & Nicola Fiore

Authors
  1. Francesco Bellini
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  2. Nicola Fiore
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Corresponding author

Correspondence to Francesco Bellini .

Editor information

Editors and Affiliations

  1. Sassari University , Sassari, Italy

    Katia Corsi

  2. Macerata University , Macerata, Italy

    Nicola Giuseppe Castellano

  3. Parthenope University of Naples , Naples, Italy

    Rita Lamboglia

  4. Parthenope University of Naples , Naples, Italy

    Daniela Mancini

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Bellini, F., Fiore, N. (2017). Exploring Sentiment on Financial Market Through Social Media Stream Analysis. In: Corsi, K., Castellano, N., Lamboglia, R., Mancini, D. (eds) Reshaping Accounting and Management Control Systems. Lecture Notes in Information Systems and Organisation, vol 20. Springer, Cham. https://doi.org/10.1007/978-3-319-49538-5_8

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