Business Commons^™

Ewom Correlation With Apple Stock Price Behavior, Joey Soeder

Research Symposium

It is widely known that eWOM influences the decision-making process of retail consumers. With the rise of commission-free trading platforms, it may also influence a growing amount of retail investors and become more relevant than ever. This study took Twitter data about the Apple, Inc. stock and conducted a sentiment analysis using the Loughran lexicon. This aggregate sentiment was then compared to stock price behavior over intervals of one hour. Logistic modelling was used to determine correlation between the two variables. Using the model, an algorithm was created that predicted 81.25% of values correctly. These findings were then compared to …