Oct 09 2018

CIIMA paper – A Descriptive Analysis of Abnormal Stock Price Movement Following Financial News Article Release

A new publication is available.

What effect does a financial news article have on stock price? To answer this question we investigate stock price movements within the minutes following financial news releases, broken down by media outlet, time of release and article sentiment. Our data shown a Sharpe ratio (a measure for calculating risk-adjusted return) of 1.81 versus a random dataset of ‑0.06, indicating significant price movement immediately following article release. Second, we found that articles released through WSJ, Reuters – UK Focus, NYT and FT all experienced significant positive returns, whereas articles in Barrons, MarketWatch, Forbes and Bloomberg experienced significant negative returns. Third, we found that articles released at certain times had abnormally high price movements associated with them, more so than random chance. Lastly we discovered a minority of positive news articles trending upwards and suddenly reversing direction following a financial news article release. In one particular case there was a period of several days where the release of IBM articles triggered large price declines with steady prices otherwise. We believe these findings could be used by companies as a form of stock price management.

Aug 07 2018

Keynote for icABCD 2018

Dr. Schumaker was keynote at the IEEE International Conference on Advances in Big Data, Computing and Data Communication Systems (icABCD) on August 7, 2018 on “Lessons from the Future: Predictions in Finance, Sports and Medicine.”

Jul 28 2018

Keynote for the Institute of Engineering and Management (IEM) – Kolkata

Dr. Schumaker was keynote at the Institute of Engineering and Management (IEM) – Kolkata on July 28, 2018 on “Becoming a Data Scientist.” This lecture is part of the ACM’s Distinguished Speakers Program.

Jul 26 2018

Keynote Speaker for the University of Engineering and Management (UEM) – Jaipur

Dr. Schumaker was keynote at the University of Engineering and Management (UEM) – Jaipur on July 26, 2018 on “Machine Learning the Harness Track: Crowdsourcing and Varying Race History.” This lecture is part of the ACM’s Distinguished Speakers Program.

Jun 20 2018

Keynote Speaker for US Army Corp of Engineers through the ACM Distinguished Speakers Program

Dr. Schumaker spoke about his NFL Sentiment Analysis research to the US Army Corp of Engineers in Vicksburg, MS on June 20, 2018. This lecture is part of the ACM’s Distinguished Speakers Program.

Mar 11 2018

Keynote Speaker for ABES Engineering College through ACM Distinguished Speakers Program

Dr. Schumaker provided a keynote to ABES Engineering College in Ghaziabad, India on March 13, 2018 on “Evaluating Sentiment in Financial News Articles.” This lecture is part of the ACM’s Distinguished Speakers Program.

Feb 23 2018

Crystal Quill Award

On February 21, 2018, Dr. Schumaker was presented with the Crystal Quill Award to recognize outstanding contributions to the Soules College of Business.

Jun 15 2017

Keynote Speaker for IACSS 2017

Dr. Schumaker has been invited to keynote the 11th International Symposium on Computer Science in Sport in Konstanz Germany. His talk will describe the approaches and examples for using predictive analytics in sport.

May 01 2017

DSS paper – Prediction from Regional Angst – A Study of NFL Sentiment in Twitter Using Stock Market Charting

A new publication is available. Blending together the techniques of technical stock market charting to the time-series sentiment signal from Twitter, we demonstrate a method to use twitter sentiment as a proxy to predict NFL games.

Mar 02 2017

Keynote Speaker for ICABCD 2018

Dr. Schumaker will be the keynote speaker at the International Conference on Advances in Big Data, Computing and Data Communication Systems in Durban, South Africa, August 6-7, 2018.

This 2-day conference will include invited keynotes and oral presentations. icABCD 2018 will provide a forum for researchers from both academia and industry to exchange the latest innovations and research advancements in big data, soft computing, cloud computing, networking and computer security.

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