Title :
Analysing market sentiment in financial news using lexical approach
Author :
Tan Li Im ; Phang Wai San ; Chin Kim On ; Alfred, Rayner ; Anthony, Philip
Author_Institution :
Center of Excellent in Semantic Agents, Univ. Malaysia Sabah, Sabah, Malaysia
Abstract :
Business and financial news bring us the latest information about the stock market. Studies have shown that business and financial news have a strong correlation with future stock performance. Therefore, extracting sentiments and opinions from business and financial news is useful as it may assist in the stock price predictions. In this paper, we present a sentiment analyser for financial news articles using lexicon-based approach. We use polarity lexicon to identify the positive or negative polarity of each term in the corpus. We conducted two sets of experiment using non-stemming tokens and stemming tokens by considering individual word found in the newspaper. The preliminary results are presented and discussed in this paper.
Keywords :
information analysis; pricing; publishing; stock markets; business news; financial news articles; lexical approach; market sentiment analysis; newspaper; nonstemming tokens; opinion extraction; sentiment analyser; sentiment extraction; stemming tokens; stock market; stock performance; stock price predictions; Accuracy; Algorithm design and analysis; Business; Conferences; Open systems; Prediction algorithms; Standards; Lexicon; Market Analysis; Sentiment Analysis; stock market prediction;
Conference_Titel :
Open Systems (ICOS), 2013 IEEE Conference on
Conference_Location :
Kuching
Print_ISBN :
978-1-4799-3152-1
DOI :
10.1109/ICOS.2013.6735064