TWITTER AS A TOOL FOR FORECASTING STOCK MARKET MOVEMENTS WITH RUMOR IDENTIFICATION

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BE SAGARIKA P KIRAN SREE

Abstract

As social media is increasingly playing a vital role by reflecting or influencing a person’s individual life to large management systems. This context inspired to gain an interest, to explore and research. our paper helps to understand, better about whether the investors mood on stock markets are influenced by the micro blogging website/app twitter.


We are thus motivated by the possibility of a predicting stock market performance based on assessing twitter tweets relating to stocks. For these purpose, in this paper we tried to find the relationship between a well-known micro blogging platform twitter and financial markets. In particular, we consider a period of 5 months, the Twitter volume and sentiment about the 30 stock companies to predict the next metric and values of stocks based on stock related tweets.


The main objectives of this paper specify:



  • To examine whether is there any affiliation between changes in the stock market performances regarding public sentiments based on trending topics.

  • To verify how far Twitter tweets influenced on stock markets

  • The ability to use Twitter tweets for predicting stock market movements with rumor identification.

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