Work the Stock Market with Sentiment and Text Analysis – We’ll Show You How at GAIM USA 2013

By: Clarabridge Team

January 21, 2013

By: Joe Senior, Account Executive, Clarabridge

For those of you familiar with the financial services market, you already know what a big deal the annual GAIM conference is. For those of you who aren’t as familiar, I’ll explain. GAIM is an independent hedge fund event that really prides itself on providing objective content for investors and hard-core traders around strategies and tactics to maximize returns. This year’s event is being held next week, Jan. 21-24, in Boca Raton, Fla.

So why am I waxing poetic about GAIM? Clarabridge was invited by Gnip to speak on a panel, along with EPFR Global, about measuring sentiment associated with the financial services market. Basically, this means using technology to analyze Twitter data to figure out what is going on in the market – and offering trade-related insight into whether you should buy or sell. (On a side note, read more about our recent partnership with Gnip to bring real-time monitoring of social media data to CXhere.)

I’ll be joining Seth McGuire, Gnip’s Director of Assets and Financial Technology, and Adam Longenecker, Quantitative Analyst at EPFR, to show attendees firsthand how this type of analysis can be done. During our panel discussion, we’ll be analyzing Tweets about some major organizations to try to ferret out sentiment and correlate it with stock prices and issues, all in real time. This is really game-changing stuff for traders and hedge funders.

As a Sales Engineer at Clarabridge, I talk to financial services professionals all the time. And the one thing that is always apparent for them is that “recency is king.” The faster you can get information, the better. This type of sentiment and text analysis is yet another tool in their toolbox to help them get the data, efficiently and quickly analyze it, and leverage the insight to make trades faster and make more money. It’s as simple as that.

If you’re attending GAIM, come and sit in on our panel. It’s Wednesday, Jan. 23, from 3:15 p.m.-4:00 p.m. in Pillar A. And if you’d like to chat at the event, drop me a line in the comments sections and we can meet up.