Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
The Almighty Buck

Submission + - New Twitter-Based Hedge Fund Beat the Stock Market->

nonprofiteer writes: Derwent Capital, a new hedge fund that makes trades and investments based on Twitter sentiment, beat the market--and other hedge funds--in its first full month of trading. From the Atlantic: " Using an algorithm based on the social media mood that day, the hedge fund predicted the market to make the right trades. Sounds unbelievable that something cluttered with mundane musings and media links could have anything smart to say about the market. But it's working so far." Blind luck?
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

New Twitter-Based Hedge Fund Beat the Stock Market

Comments Filter:

"Ignorance is the soil in which belief in miracles grows." -- Robert G. Ingersoll

Working...