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Tool Links Share Prices with Online Sentiment
Media and online sentiment analyst Spectrum has launched a tool which gauges online sentiment regarding FTSE 100 companies and plots it against share prices and other financial data. The service, called Fin-buzz™, also allows comparison against the category as a whole.
Fin-buzz captures a sample of current online coverage at two-hourly intervals, four times every trading day for all FTSE 100 companies, analyses it using sophisticated text mining technology and reports it over the web using dashboards.
Spectrum founder and Product Development Director Mark Westaby describes the web as 'effectively a gigantic focus group' and comments: 'the huge amount of financial information that hits it every second generates a tremendously rich source of market sentiment.'
The firm says its automated approach offers significant benefits over traditional evaluation carried out by human analysts: it not only makes the process rapid enough to provide real-time information, but removes human errors and delivers results at remarkably low cost: the complete service is available on a subscription basis from just £416.67 per month.
Web sites: www.fin-buzz.com and www.spectrum-analysis.com .
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