Financial news analysis using a semantic web approach

Abstract

In this paper we present StockWatcher, an OWL-based web application that enables the extraction of relevant news items from RSS feeds concerning the NASDAQ-100 listed companies. The application's goal is to present a customized, aggregated view of the news categorized by different topics. We distinguish between four relevant news categories: i) news regarding the company itself, ii) news regarding direct competitors of the company, iii) news regarding important people of the company, and iv) news regarding the industry in which the company is active. At the same time, the system presented in this chapter is able to rate these news items based on their relevance. We identify three possible effects that a news message can have on the company, and thus on the stock price of that company: i) positive, ii) negative, and iii) neutral. Currently, StockWatcher provides support for the NASDAQ-100 companies. The selection of the relevant news items is based on a customizable user portfolio that may consist of one or more of these companies

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