Latest in Derwent capital markets

Image credit:

Hedge fund using Twitter to predict stock prices, OK Cupid to meet girls

Share
Tweet
Share
Save

Sponsored Links

For some reason, we weren't surprised when Derwent Capital Markets announced plans to launch a hedge fund in February that will trade based on something called "Twitter sentiment," among other things. The science behind it comes from researchers at the University of Manchester and Indiana University, which maintains that there is a correlation between public mood and the Dow Jones industrial average. Apparently, a calm public seems to indicate that the Dow will go up, while an anxious public indicates that the Dow will go down. And according to Johan Bollen, an associate professor of informatics and computing at IU, Twitter posts can be analyzed and used to judge the public mood -- with a greater than 87 percent accuracy. Hit the source link to see him state his case.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Ericsson will pay over $1 billion to settle US corruption charges

Ericsson will pay over $1 billion to settle US corruption charges

View
Apple's redesigned Mac Pro will be available to order December 10th

Apple's redesigned Mac Pro will be available to order December 10th

View
'Free Guy' trailer shows a video game NPC without chains

'Free Guy' trailer shows a video game NPC without chains

View
Porsche tests a four-motor powertrain for electric SUVs

Porsche tests a four-motor powertrain for electric SUVs

View
'The Boys' season 2 teaser hints at more blood-soaked mayhem

'The Boys' season 2 teaser hints at more blood-soaked mayhem

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr