Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit • Hacker News Board

Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#1

Post by khamoud » Wed, May 25, 2022, 1:49 PM UTC

Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit
stockscent.com

Re: Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#2

Post by sharemywin » Wed, May 25, 2022, 2:09 PM UTC

anyway to display correlation of sentiment to future price movement. maybe display r and p values.

Re: Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#3

Post by khamoud » Wed, May 25, 2022, 2:18 PM UTC

sharemywin wrote: post #2

anyway to display correlation of sentiment to future price movement. maybe display r and p values.

This is a really good idea! I can definitely add some functionality like this.

Re: Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#4

Post by chidog12 » Wed, May 25, 2022, 3:53 PM UTC

I built a similar tool. but I used twitter and tracked the sentiment of topics including stock and crypto. It's an interesting angle, if you'd want to pursue it.

There is somewhat of correlation between online sentiment & crypto price movements, there are a couple papers on the topic. However, it is quite difficult to trade against. I work on wall street (tech side) so this was mostly just past time activity.

Re: Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#5

Post by khamoud » Wed, May 25, 2022, 4:12 PM UTC

chidog12 wrote: post #4

I built a similar tool. but I used twitter and tracked the sentiment of topics including stock and crypto. It's an interesting angle, if you'd want to pursue it. There is somewhat of correlation between online sentiment & crypto price movements, there are a couple papers on the topic. However, it is quite difficult to trade against. I work on wall street (tech side) so this was mostly just past time activity.

I think I’d like to be able to see big shifts in sentiment or at least be able to graph it over time and compare it to the overall market.

But like you said, this is also just a hobby project for me.

Re: Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#6

Post by chidog12 » Wed, May 25, 2022, 7:37 PM UTC

khamoud wrote: post #5

chidog12 wrote: post #4

I built a similar tool. but I used twitter and tracked the sentiment of topics including stock and crypto. It's an interesting angle, if you'd want to pursue it. There is somewhat of correlation between online sentiment & crypto price movements, there are a couple papers on the topic. However, it is quite difficult to trade against. I work on wall street (tech side) so this was mostly just past time activity.

I think I’d like to be able to see big shifts in sentiment or at least be able to graph it over time and compare it to the overall market. But like you said, this is also just a hobby project for me.

Yep, that's what i did. Every 15 min I would measure the sentiment of given topics, normalize the messy data and plot them. you can overlay this against a time series of price data.

Twitter also has a historic tweets api. It's more work, but you can backtest as well.

Re: Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit

#7

Post by WalterGR » Wed, May 25, 2022, 9:14 PM UTC

chidog12 wrote: post #4

I built a similar tool. but I used twitter and tracked the sentiment of topics including stock and crypto. It's an interesting angle, if you'd want to pursue it. There is somewhat of correlation between online sentiment & crypto price movements, there are a couple papers on the topic. However, it is quite difficult to trade against. I work on wall street (tech side) so this was mostly just past time activity.

What tools did you use?