Derwent Capital Hedge Fund To Use Twitter For Judging Human Emotion When Trading Stocks

Derwent Capital Markets is a London based hedge fund company that is using Twitter to predict movement in the stock market. This past October Johan Bollen, Huina Mao, and Dr. Xiao-Jun Zeng wrote a paper called “Twitter mood predicts the stock market [PDF].” Paul Hawtin of Derwent said that he is confident in the 87.6% accuracy rate in the original report which can predict daily up, down, and closing values of the Dow Jones index. Dr. Xiao-Jun Zeng will help develop the research into a working model. [The Next Web]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
Leave a Comment