Stock Market Increase and Decrease using Twitter Sentiment Analysis and ARIMA Model

S V Kedar

doi:10.17762/turcomat.v12i1s.1596

Abstract

With centuries and decades, people started evolving and slowly started entering into technology era. Social networks era came before everyone which connected people from far away countries. Such an example of social network are applications like Twitter, Facebook, Instagram, LinkedIn etc. Every application has its own significance. Such an application is Twitter where people tweet regarding their opinion about a topic, a person anything. The tweets regarding company its performance and people’s opinion about the stock is also tweeted. People like to invest in stocks using this data posted of social networking. This data keeps them updated about a company. In this paper, we will be using tweets related to stocks so that we can analyse sentiments of people regarding a particular stock. This sentiment analysis can provide a feedback about the company so that we will be able to understand an increase or decrease with respect to the people or company performance. In later stages, we will be comparing this analysis with ARIMA model which is time series forecasting model. ARIMA takes values of stocks and predicts its future prices based on its algorithm. Using both of these techniques a cumulative result for stock exchange will be obtained. The dataset is the fresh tweets taken from twitter and also the stock data will be imported directly for ARIMA.

Highlights

With the increasing Internet era we are going into a life of limitless connection irrespective of distance differences
This study offers an application of ARIMA based on which the prediction of the future stock catalogues is done and have a firm effect on the recital of the Indian economy
The dataset is the live data scraped from twitter so that data can be live for stock price as well as social network

Summary

Introduction

With the increasing Internet era we are going into a life of limitless connection irrespective of distance differences. We communicated through social media from one country to another which is miles away from each other. Internet has brought this evolution for every sector i.e. medical sector, health care, pharmacy, military, farming, banking, security as well as in the stock market where money revolves. Stock market and its prices depends on the performance of a company and of the country. Currency prices are observed different for various countries. Stock market plays a vital role in the economy of the country. Many people try and invest in the stocks. When more people invest in stock the country economy increases while it is vice versa economy decreases [1]

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Conclusion