News sentiment analysis of Software application industry in US market, Apr 04 – May 06, 2018

News sentiment analysis of Software application industry in US market, Apr 04 – May 06, 2018

 

The dashboard allows a quick view of industry level in meaner of news sentiment score and returns for the companies within the industry. In this example, we analyze the news sentiment analysis of Software application industry (Marker cap between 10B-50B), Apr 04 – May 06, 2018. 

The industry looks bullish as the majority of companies within the industry and with a market cap between 10B-50B are having news sentiment score above 0.5 which is the divider between bearish news sentiment and bullish news sentiment. The industry is led by Shopify (SHOP) with 0.74 news sentiment score and 12.81% return as the company beat earnings expectation, the share price fall after the announcement but was back on track. Intuit (INTU) 0.66 news sentiment score and 9.84% return published strong results for the quarter and increased 2018 outlook. Citrix Systems (CTXS) 0.55 news sentiment score and 13.53 return after got a new PT raised

On the bearish side, Wipro (WIT) got 0.21 news sentiment score and -11.45% return as the company lowered the outlook after Q4 financial results.

Looking at last week news sentiment and return leaders, we find ServiceNow (NOW) was leading with 0.67 news sentiment score and 3.06% return, Shopify (SHOP) with 0.74 and 1.87%.

Looking dipper on ServiceNow (NOW) we see a shift in news sentiment which results in a positive return in monthly and weekly view. Moreover, the current news sentiment score for the company suggest continuing the bullish trend.

To conclude, the industry is found in bullish territory and the industry current news sentiment score suggests continuing this trend.

Insights for the data-driven investor’s

Big data provider for financial services. Using big data technology to reveal hidden insights from text within tens of thousands of news articles every day and by presenting this data in visually compelling with interactive dashboards on your PC, mobile and real-time API.

Filter out the noise, from +12,000 news items per day, receive and analyze only news items that matter to your strategy, that moves markets, in real-time 24/7.

We use big data, to aggregate in real-time more than 12,000 news items per day. Next, we filter the news using text and sentiment analysis of bullish and bearish keywords and phrases. It’s taken us less than a minute from the news release, analyze the news and send it.

We generate news sentiment score based on a machine-readable dataset and compare it with actual performance with interactive dashboards. Add any datasets to leverage your analysis even further in a secure environment.

COMPREHENSIVE SOURCING

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By | 2018-05-08T09:15:22-04:00 May 7th, 2018|case studies, Uncategorized|Comments Off on News sentiment analysis of Software application industry in US market, Apr 04 – May 06, 2018