TheStockSonar.com: Track Stocks Based On Media Sentiment
Summary
Digital Trowel’s TheStockSonar.com is a tool that essentially brings some statistical analysis to bear on that problem and the results are – if not mesmerizing – quite interesting. However, TheStockSonar has special semantic technology that can recognize false positives (“BP is great at killing baby seals”). In one demo they showed how the software found real negative sentiment in a paragraph that would normally be seen as positive by a machine (“The shares fell 13%, despite a record quarter sales growth and better-than-expected earnings.”). While I wouldn’t recommend investing your millions based on this product just yet, Digital Trowel hopes to add this as a decision-making tool for traders and they have already created a number of implementations that stream a live feed of stock sentiment to automated trading systems, thereby allowing robots to understand general sentiment. The team consists of a bunch of semantics nerds and Prof. Ronen Feldman, one of the giants in text recognition and learning.