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Money

Subsidiaries of insurance giants Aviva and Legal & Basic are among a bunch of traders which have been cleared to act together in a case in opposition to Canary Wharf Group related to early bond repayments. We evaluate the NCI using financial documents from massive Internet news sources every day from October 2011 to July 2013 and analyse the interplay between financial markets and finance-related news. We hypothesise that sturdy cohesion in financial news reflects movements in the financial markets.\n\nOur results indicate that cohesiveness in financial news is extremely correlated with and driven by volatility in financial markets. The exponential development of online media, growth of communication and mobility-tracking capabilities have spawned research concerning the utility of the massive information obtainable from these sources.\n\nWhereas the aforementioned work estimates the current state of disease spread, other works give attention to the predictive value of online data. Much like the above studies, our work explores the relationship between massive corpora of online news and financial markets.\n\nVlastakis et al. 9 examine data demand and supply using Google Developments at the company and market stage for 30 of the biggest stocks traded on the NYSE and NASDAQ a hundred. Chauvet et al. 10 devise an index of investor distress in the housing market, the housing distress index (HDI), which can be primarily based on Google search query information.\n\nPreis et al. 11 reveal how Google Developments information can be used to design a market strategy or define a future orientation index 12. They examine how a company’s media frequency, sentiment polarity and subjectivity anticipate or replicate stock trading volumes and financial returns.