Equity forecast: Predicting long term stock price movement using machine learning
March 02, 2016 ยท Declared Dead ยท ๐ arXiv.org
"No code URL or promise found in abstract"
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Authors
Nikola Milosevic
arXiv ID
1603.00751
Category
cs.LG: Machine Learning
Cross-listed
q-fin.GN
Citations
62
Venue
arXiv.org
Last Checked
5 months ago
Abstract
Long term investment is one of the major investment strategies. However, calculating intrinsic value of some company and evaluating shares for long term investment is not easy, since analyst have to care about a large number of financial indicators and evaluate them in a right manner. So far, little help in predicting the direction of the company value over the longer period of time has been provided from the machines. In this paper we present a machine learning aided approach to evaluate the equity's future price over the long time. Our method is able to correctly predict whether some company's value will be 10% higher or not over the period of one year in 76.5% of cases.
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