Stock Market Price Analysis and Prediction from Social Media
Making the decision to start investing in the stock market as can be a daunting task. We conducted a survey to find out the investing habits of young adults and found that one of the main reasons that people don’t invest is because of a lack of knowledge of the stock market. With this concern in mind, we sought to create a tool for those who want to start investing and aid individuals who don’t have much to invest that doing so can still be worthwhile. The stock market is a powerful tool that when leveraged, presents the opportunity for those to make returns, whether they be small or large.
That’s why we created BofaCast: a free-to-use tool that makes investing easy. BofaCast, which stands for Breath of Fresh Air Forecasting, is a stock market forecasting tool that shows the top 10 most trending stocks of the day and predicts whether the stock will rise or fall in value at the end of the next day, when the stock market closes.
We determine the most popular stocks of the day by using code that reads different websites and weigh each stock accordingly to see which are most commonly mentioned. BofaCast is capable predicting stocks to a high degree of accuracy using an AI architecture called Long Short-Term Memory (LSTM), which makes informed predictions by training itself on historical data of a given stock to recognize patterns over time. BofaCast also uses sentiment analysis, a tool used to identify, analyze, and study social media and news headlines to determine whether stocks are being discussed in a negative or positive manner to influence our prediction, which is proven to boost prediction accuracy. All of this is presented in a user-friendly manner to help those who want to start investing today!