Skip to main content

2020 | OriginalPaper | Buchkapitel

Monitoring the Business Cycle with Fine-Grained, Aspect-Based Sentiment Extraction from News

verfasst von : Luca Barbaglia, Sergio Consoli, Sebastiano Manzan

Erschienen in: Mining Data for Financial Applications

Verlag: Springer International Publishing

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

We provide an overview on the development of a fine-grained, aspect-based sentiment analysis approach aimed at providing useful signals to improve forecasts of economic models and produce more accurate predictions. The approach is unsupervised since it relies on external lexical resources to associate a polarity score to a given term or concept. After providing an overview of the method under development, some preliminary findings are also given.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Fußnoten
1
Dow Jones DNA: Data, News and Analytics Platform: https://​www.​dowjones.​com/​dna/​.
 
2
World Bank Group Ontology, available at: http://​vocabulary.​worldbank.​org/​thesaurus.​html.
 
3
spaCy: Industrial-Strength Natural Language Processing. Available at: https://​spacy.​io/​.
 
5
WordNet, A Lexical Database for English. Available at https://​wordnet.​princeton.​edu/​.
 
6
SentiWordNet, available at http://​swn.​isti.​cnr.​it/​.
 
7
Loughran-McDonald Sentiment Word Lists, available at: https://​sraf.​nd.​edu/​textual-analysis/​resources/​.
 
Literatur
1.
Zurück zum Zitat Agrawal, S., Azar, P., Lo, A.W., Singh, T.: Momentum, mean-reversion and social media: evidence from StockTwits and Twitter. J. Portf. Manag. 44, 85–95 (2018)CrossRef Agrawal, S., Azar, P., Lo, A.W., Singh, T.: Momentum, mean-reversion and social media: evidence from StockTwits and Twitter. J. Portf. Manag. 44, 85–95 (2018)CrossRef
2.
Zurück zum Zitat Consoli, S., Recupero, D.R.: Using FRED for named entity resolution, linking and typing for knowledge base population. Commun. Comput. Inform. Sci. 548, 40–50 (2015) CrossRef Consoli, S., Recupero, D.R.: Using FRED for named entity resolution, linking and typing for knowledge base population. Commun. Comput. Inform. Sci. 548, 40–50 (2015) CrossRef
3.
Zurück zum Zitat Dridi, A., Atzeni, M., Recupero, D.R.: FineNews: fine-grained semantic sentiment analysis on financial microblogs and news. Int. J. Mach. Learn. Cybern. 10(8), 2199–2207 (2019)CrossRef Dridi, A., Atzeni, M., Recupero, D.R.: FineNews: fine-grained semantic sentiment analysis on financial microblogs and news. Int. J. Mach. Learn. Cybern. 10(8), 2199–2207 (2019)CrossRef
4.
Zurück zum Zitat Fabbi, C., Righi, A., Testa, P., Valentino, L., Zardetto, D.: Social mood on economy index. In: XIII Conferenza Nazionale di Statistica (2018) Fabbi, C., Righi, A., Testa, P., Valentino, L., Zardetto, D.: Social mood on economy index. In: XIII Conferenza Nazionale di Statistica (2018)
5.
Zurück zum Zitat Gentzkow, M., Kelly, B., Taddy, M.: Text as data. J. Econ. Lit. (2019, to appear) Gentzkow, M., Kelly, B., Taddy, M.: Text as data. J. Econ. Lit. (2019, to appear)
6.
Zurück zum Zitat Hansen, S., McMahon, M.: Shocking language: understanding the macroeconomic effects of central bank communication. J. Int. Econ. 99, S114–S133 (2016)CrossRef Hansen, S., McMahon, M.: Shocking language: understanding the macroeconomic effects of central bank communication. J. Int. Econ. 99, S114–S133 (2016)CrossRef
7.
Zurück zum Zitat Recupero, D.R., Presutti, V., Consoli, S., Gangemi, A., Nuzzolese, A.G.: Sentilo: frame-based sentiment analysis. Cogn. Comput. 7, 211–225 (2015)CrossRef Recupero, D.R., Presutti, V., Consoli, S., Gangemi, A., Nuzzolese, A.G.: Sentilo: frame-based sentiment analysis. Cogn. Comput. 7, 211–225 (2015)CrossRef
8.
Zurück zum Zitat Shapiro, A.H., Sudhof, M., Wilson, D.: Measuring news sentiment. Federal Reserve Bank of San Francisco Working Paper (2018) Shapiro, A.H., Sudhof, M., Wilson, D.: Measuring news sentiment. Federal Reserve Bank of San Francisco Working Paper (2018)
9.
Zurück zum Zitat Tetlock, P.C.: Giving content to investor sentiment: the role of media in the stock market. J. Financ. 62(3), 1139–1168 (2007)CrossRef Tetlock, P.C.: Giving content to investor sentiment: the role of media in the stock market. J. Financ. 62(3), 1139–1168 (2007)CrossRef
10.
Zurück zum Zitat Thorsrud, L.A.: Nowcasting using news topics. big data versus big bank. Norges Bank Working Paper (2016) Thorsrud, L.A.: Nowcasting using news topics. big data versus big bank. Norges Bank Working Paper (2016)
11.
Zurück zum Zitat Thorsrud, L.A.: Words are the new numbers: a newsy coincident index of the business cycle. J. Bus. Econ. Stat. 1–17 (2018, in press) Thorsrud, L.A.: Words are the new numbers: a newsy coincident index of the business cycle. J. Bus. Econ. Stat. 1–17 (2018, in press)
12.
Zurück zum Zitat Tuckett, D.: Conviction narrative theory and understanding decision-making in economics and finance. In: Uncertain Futures: Imaginaries, Narratives, and Calculation in the Economy, pp. 62–82 (2018) Tuckett, D.: Conviction narrative theory and understanding decision-making in economics and finance. In: Uncertain Futures: Imaginaries, Narratives, and Calculation in the Economy, pp. 62–82 (2018)
Metadaten
Titel
Monitoring the Business Cycle with Fine-Grained, Aspect-Based Sentiment Extraction from News
verfasst von
Luca Barbaglia
Sergio Consoli
Sebastiano Manzan
Copyright-Jahr
2020
DOI
https://doi.org/10.1007/978-3-030-37720-5_8