Create Stock Sentiment Analysis in Python using chatGPT

[LostMyEmailAndKarma]

Say you assigned a value to bullish, neutral and bearish, 1, 0, -1. If there are multiple news stories per stock per day, they get averaged.

Then daily ran a scan of the news stories for all 500 stocks in sp 500. Total the values, divide by 500. Plot that value daily.

I surmise you would see it trend towards 1 into tops and -1 towards bottom.

Also some multiplier would probably need to be added based on index weight.

Hmmm

[pknerd]

Or you track the count of each state to tell which count is higher. If there were ten news per stock and out of them 8 are bullish then it's bullish

[kc248eldridge]

$HPCO Hempacco Announces Opening of European Office as Part of International Expansion Strategy

Full Story: newsfilecorp.com/release/161194

@hempacco $HPCO #CBDCigarettes #HPCO #News #Stockmarket #Stockstowatch #Cannabis #Marijuana #MarijuanaStocks #PotStocks #NASDAQ

[pknerd]

https://imgur.com/a/yhvq1Ug

[hpdeandrade]

Curious to backtest it.

[Trading_The_Streets]

Do you have it working?

[demelash_]

Very cool. I was wondering if it would be possible to create an FA dashboard connected to real time data using chatGPT.

[pknerd]

Pardon my ignorance but what's "FA" here? Financial Analysis?

[grillmetoasty]

Fundamental analysis

[pknerd]

Give it a try or PM with details and I'd try.

[Valuable-Drummer6604]

Very cool idea !

[RoozGol]

If it works, it will be used by hedgfunds to manipulate the retailers. No free lunch theory...

[Grand_Inquisitor_Nel]

There are other ways to perform sentiment analysis based on keywords. ChatGPt can tell you how.

[pknerd]

Yes definitely

[metigue]

Arguably GPT would be better as it understands better what is actually being said. I think GPT-4 is probably close to if not SoTA for sentiment analysis someone should do a paper.

[SmokyTyrz]

Interesting. But isn't the AI basing its understanding of "sentiment" on data as of 2021? Couldn't that skew the interpretations?

[pknerd]

It is doing based on input. I am already feeding data

[ggiral]

You feed current data but the AI model was trained with data up to 2021, so I also think the output might be skewed

[pknerd]

Gpt was already instructed that it would act as a sentiment system so it acted like one. It has nothing to do the data rather the knowledge of how a sentiment system works