Harnessing Sentiment Analysis and Deep Learning for Precise Stock Price Forecasts

Stock market prediction has remained the subject of inquiry for a long time. Research intensified and new avenues were offered by the advent of computers and machine learning. By using easily accessible historical pricing and sentiment data, this research effort seeks to forecast stock share movements. The models were utilized: the GRU LSTM model that utilized past prices as its independent variable, and a Random Forest model that integrated sentiment analysis data obtained from Intensity Analyzer with other significant variables like the price of gold and oil, currency exchange rates, and policies of the Indian government. Securities returns were added for accuracy purposes. Predictions on the values of HDFC Bank, TCS, SBI-main, and four other shares were the final result. The models' effectiveness was evaluated using the RMSE metric.

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Published
2024-11-23
DOI
https://doi.org/10.1109/icec59683.2024.10837084
Primary Topic
Stock Market Forecasting Methods
Type
article
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Harnessing Sentiment Analysis and Deep Learning for Precise Stock Price Forecasts

Ravi Sahu, Vivek Kumar Verma, Hrudaya Kumar Tripathy, Sumit Kumar Singh et al.
Stock Market Forecasting Methods
article

Harnessing Sentiment Analysis and Deep Learning for Precise Stock Price Forecasts

Ravi Sahu, Vivek Kumar Verma, Hrudaya Kumar Tripathy, Sumit Kumar Singh, Soumya Sahoo, Md Sarfaraz Alam
article en

Abstract

Stock market prediction has remained the subject of inquiry for a long time. Research intensified and new avenues were offered by the advent of computers and machine learning. By using easily accessible historical pricing and sentiment data, this research effort seeks to forecast stock share movements. The models were utilized: the GRU LSTM model that utilized past prices as its independent variable, and a Random Forest model that integrated sentiment analysis data obtained from Intensity Analyzer with other significant variables like the price of gold and oil, currency exchange rates, and policies of the Indian government. Securities returns were added for accuracy purposes. Predictions on the values of HDFC Bank, TCS, SBI-main, and four other shares were the final result. The models' effectiveness was evaluated using the RMSE metric.

Vivekananda Global University (IN), C.V. Raman Global University, KIIT University (IN)
Openalex Percentile: Top 68%
Stock Market Forecasting Methods
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Harnessing Sentiment Analysis and Deep Learning for Precise Stock Price Forecasts — Ravi Sahu, Vivek Kumar Verma, et al. · (2024) | TGRS Research Map | TGRS