Data Skeptic Analysis of Unstructured Data
Jun 28, 2024
Robbie Moon from Georgia Tech discusses analyzing unstructured financial data, using NLP for market predictions, challenges of dealing with unclean data, evolution of text analysis in trading, and the program's flexible course offerings for participants with varying backgrounds.
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Use Conference Call Transcripts
- Use available conference call transcripts instead of raw audio for text analytics.
- Transcripts are usually structured and identify speakers, enabling detailed discourse analysis.
Hedge Funds Use Managerial Disclosures
- Hedge funds likely use disclosed managerial information combined with quantitative data to update trading models.
- Textual info triggers trading signals but immediate algorithmic trading based solely on text remains uncertain.
Text Signals Better for Long-Term
- Textual analysis techniques are accessible but speed and resources of big traders outperform individual day traders.
- Fundamental strategies using textual info may work better for long-term views than quick trades.