Record Details

Equity Forecast: Predicting Long Term Stock Price Movement using Machine Learning

Journal of Economics Library

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Field Value
 
Title Equity Forecast: Predicting Long Term Stock Price Movement using Machine Learning
 
Creator MILOSEVIC, Nikola; School of Computer Science,
University of Manchester, UK
 
Subject —
—
 
Description 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.Keywords. Machine learning, Long term investment, Equity, Stock price prediction.JEL. H54, D92, E20.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2016-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/750
10.1453/jel.v3i2.750
 
Source Journal of Economics Library; Vol 3, No 2 (2016): June; 288-294
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/750/871
 
Rights Copyright (c) 2016 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0