Sentiment Correlation Discovery from Social Media to Share Market

Simon Xie, Man Li, Jianxin Li

Research output: Chapter in Book/Conference paperConference paper

Abstract

Social media data analytics have been successfully applied in many real applications such as product recommendation, target advertisement. In recent years, it also attracted lots of attention from the financial researchers to analyse the financial trending or stock marketing prediction. In this paper, our goal is to investigate the meaningful way of uncovering the correlation between the stock share price change and the social media data usage. In this work, we first provide a mechanism to collect Twitter data, use Latent Dirichlet Allocation for topic modelling, then perform the sentiment analysis based on topics, and finally discover the correlation between social media and share price. Based on our empirical results, we find that the correlation could be impacted by the popularity of discussion as well as the valence of community, which represents the happiness to the target companies to be analysed and predicted. This could be built up by exploring the market and crisis resolution. The influence of online social users also plays a significant role in the correlation, which is a factor of manipulation that the influential users should be considered by measuring the responsibility of their social media account.

Original languageEnglish
Title of host publicationProceedings of the Australasian Computer Science Week Multiconference, ACSW 2019
Place of PublicationUSA
PublisherAssociation for Computing Machinery (ACM)
ISBN (Electronic)9781450366038
DOIs
Publication statusPublished - 29 Jan 2019
Event2019 Australasian Computer Science Week Multiconference, ACSW 2019 - Sydney, Australia
Duration: 29 Jan 201931 Jan 2019

Conference

Conference2019 Australasian Computer Science Week Multiconference, ACSW 2019
CountryAustralia
CitySydney
Period29/01/1931/01/19

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Cite this

Xie, S., Li, M., & Li, J. (2019). Sentiment Correlation Discovery from Social Media to Share Market. In Proceedings of the Australasian Computer Science Week Multiconference, ACSW 2019 [a52] USA: Association for Computing Machinery (ACM). https://doi.org/10.1145/3290688.3290712
Xie, Simon ; Li, Man ; Li, Jianxin. / Sentiment Correlation Discovery from Social Media to Share Market. Proceedings of the Australasian Computer Science Week Multiconference, ACSW 2019. USA : Association for Computing Machinery (ACM), 2019.
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title = "Sentiment Correlation Discovery from Social Media to Share Market",
abstract = "Social media data analytics have been successfully applied in many real applications such as product recommendation, target advertisement. In recent years, it also attracted lots of attention from the financial researchers to analyse the financial trending or stock marketing prediction. In this paper, our goal is to investigate the meaningful way of uncovering the correlation between the stock share price change and the social media data usage. In this work, we first provide a mechanism to collect Twitter data, use Latent Dirichlet Allocation for topic modelling, then perform the sentiment analysis based on topics, and finally discover the correlation between social media and share price. Based on our empirical results, we find that the correlation could be impacted by the popularity of discussion as well as the valence of community, which represents the happiness to the target companies to be analysed and predicted. This could be built up by exploring the market and crisis resolution. The influence of online social users also plays a significant role in the correlation, which is a factor of manipulation that the influential users should be considered by measuring the responsibility of their social media account.",
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Xie, S, Li, M & Li, J 2019, Sentiment Correlation Discovery from Social Media to Share Market. in Proceedings of the Australasian Computer Science Week Multiconference, ACSW 2019., a52, Association for Computing Machinery (ACM), USA, 2019 Australasian Computer Science Week Multiconference, ACSW 2019, Sydney, Australia, 29/01/19. https://doi.org/10.1145/3290688.3290712

Sentiment Correlation Discovery from Social Media to Share Market. / Xie, Simon; Li, Man; Li, Jianxin.

Proceedings of the Australasian Computer Science Week Multiconference, ACSW 2019. USA : Association for Computing Machinery (ACM), 2019. a52.

Research output: Chapter in Book/Conference paperConference paper

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Xie S, Li M, Li J. Sentiment Correlation Discovery from Social Media to Share Market. In Proceedings of the Australasian Computer Science Week Multiconference, ACSW 2019. USA: Association for Computing Machinery (ACM). 2019. a52 https://doi.org/10.1145/3290688.3290712