News sensitive stock market prediction: literature review and suggestions

Stock market prediction is a challenging task as it requires deep insights for extraction of news events, analysis of historic data, and impact of news events on stock price trends. The challenge is further exacerbated due to the high volatility of stock price trends. However, a detailed overview that discusses the overall context of stock prediction is elusive in literature. To address this research gap, this paper presents a detailed survey. All key terms and phases of generic stock prediction methodology along with challenges, are described. A detailed literature review that covers data preprocessing techniques, feature extraction techniques, prediction techniques, and future directions is presented for news sensitive stock prediction. This work investigates the significance of using structured text features rather than unstructured and shallow text features. It also discusses the use of opinion extraction techniques. In addition, it emphasizes the use of domain knowledge with both approaches of textual feature extraction. Furthermore, it highlights the significance of deep neural network based prediction techniques to capture the hidden relationship between textual and numerical data. This survey is significant and novel as it elaborates a comprehensive framework for stock market prediction and highlights the strengths and weaknesses of existing approaches. It presents a wide range of open issues and research directions that are beneficial for the research community.

Automated summary

Stock market prediction is a challenging task that requires deep insights for extraction of news events, analysis of historic data, and impact of news events on stock price trends. This paper presents a detailed survey covering key terms and phases of generic stock prediction methodology, challenges, data preprocessing techniques, feature extraction techniques, prediction techniques, and future directions for news sensitive stock prediction. The significance of using structured text features, opinion extraction techniques, domain knowledge, and deep neural network based prediction techniques is highlighted.