Equity forecast: Predicting long term stock price movement using machine learning

    Research output: Contribution to journalArticlepeer-review

    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.
    Original languageUndefined
    Article number750
    Pages (from-to)288-294
    Number of pages8
    JournalJournal of Economics Library
    Volume3
    Issue number2
    Early online date2 Mar 2016
    DOIs
    Publication statusPublished - Jun 2016

    Keywords

    • cs.LG
    • q-fin.GN

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