prasad1
Active member
Is Google God? We already depend on it to tell us who we are, where to go and how to get there. It handles our email and keeps our calendar. But can Google master the stock market, too? Apparently so, according to research published today in Scientific Reports.
Previous studies have shown that data from Google Trends, a tool that analyzes search traffic on the Internet, can predict automobile sales, unemployment claims, and even consumer confidence. If so, perhaps it could forecast the stock market.
Researchers Tobias Preis, Helen Susannah Moat and H. Eugene Stanley factored the number of clicks resulting for certain search terms and found that Google Trends, can indeed predict market movement.
“We detect increases in Google search volumes for keywords relating to financial markets before stock market falls," the report read. "Our results suggest that these warning signs in search volume data could have been exploited in the construction of profitable trading strategies.”
The researchers summarized, “We conclude that these results further illustrate the exciting possibilities offered by new big data sets to advance our understanding of complex collective behavior in our society.”
And perhaps make a pile of money in the market.
May be it is better predictor, than stars, or astrology?
Previous studies have shown that data from Google Trends, a tool that analyzes search traffic on the Internet, can predict automobile sales, unemployment claims, and even consumer confidence. If so, perhaps it could forecast the stock market.
Researchers Tobias Preis, Helen Susannah Moat and H. Eugene Stanley factored the number of clicks resulting for certain search terms and found that Google Trends, can indeed predict market movement.
“We detect increases in Google search volumes for keywords relating to financial markets before stock market falls," the report read. "Our results suggest that these warning signs in search volume data could have been exploited in the construction of profitable trading strategies.”
The researchers summarized, “We conclude that these results further illustrate the exciting possibilities offered by new big data sets to advance our understanding of complex collective behavior in our society.”
And perhaps make a pile of money in the market.
May be it is better predictor, than stars, or astrology?
