653,802 research outputs found

    Predicting Information Technology Trends

    Get PDF

    Predicting financial markets with Google Trends and not so random keywords

    Full text link
    We check the claims that data from Google Trends contain enough data to predict future financial index returns. We first discuss the many subtle (and less subtle) biases that may affect the backtest of a trading strategy, particularly when based on such data. Expectedly, the choice of keywords is crucial: by using an industry-grade backtesting system, we verify that random finance-related keywords do not to contain more exploitable predictive information than random keywords related to illnesses, classic cars and arcade games. We however show that other keywords applied on suitable assets yield robustly profitable strategies, thereby confirming the intuition of Preis et al. (2013)Comment: 8 pages, 4 figures. First names and last names swappe
    • …
    corecore