2020
DOI: 10.21203/rs.3.rs-39991/v1
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Does Twitter affect Stock Market Decisions?Financial Sentiment Analysis in Pandemic Seasons: A Comparative Study of H1N1 and COVID-19

Abstract: Abstract Backgroud:Investors are always playing with the fears and desires of buyers and sellers. Stock exchange markets are not the exception. Financial sentiment analysis allows us to understand the effect of reactions and emotions on social media in the stock market. In this research, we analyze Twitter data and financial indices to answer the question: How do polarity generated by the posts on Twitter influence financial indices behavior in … Show more

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Cited by 11 publications
(4 citation statements)
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“…According to another research, it was discussed that investors' reactions are influenced by information released on Twitter, which has a positive or negative impact on stock indexes, as well as upward or downward trends. Low risk tolerance is the result of negative emotions (Valle-Cruz et al, 2021). There have been many researches carried out to find the correlation between tweets and cryptocurrency price movement after cryptocurrencies emerged mainly due to the fact that the cryptocurrency market is highly volatile and is not centralized and is heavily influenced by external factors.…”
Section: Theoretical Aspect Of the Influence Of Social Network On An ...mentioning
confidence: 99%
“…According to another research, it was discussed that investors' reactions are influenced by information released on Twitter, which has a positive or negative impact on stock indexes, as well as upward or downward trends. Low risk tolerance is the result of negative emotions (Valle-Cruz et al, 2021). There have been many researches carried out to find the correlation between tweets and cryptocurrency price movement after cryptocurrencies emerged mainly due to the fact that the cryptocurrency market is highly volatile and is not centralized and is heavily influenced by external factors.…”
Section: Theoretical Aspect Of the Influence Of Social Network On An ...mentioning
confidence: 99%
“…Other contributions have focused on a Twitter analysis considering several aspects, such as the impact of vaccines on the pandemic [35,36], the impact of COVID on the financial market [37], the use or non-use of masks [38], the effects of confinement [39], and the relationship of COVID with announcements and news [34], among others. In the case of Colombia, some contributions can be found, such as a study [40] where 38,000 Twitter posts on COVID-19 vaccination were analyzed, highlighting opposition to the government with feelings of anger.…”
Section: Introductionmentioning
confidence: 99%
“…In this way, sentiment analysis has been applied in different health-related contexts [ 29 ]. According to the source of information used, sentiment analysis can be divided into three groups: social networks [ 30 ], especially Twitter, ref. [ 31 ] refereed papers, and texts from interviews with family members [ 32 ].…”
Section: Introductionmentioning
confidence: 99%