Show HN: StockScent – Stock Market Sentiment Analysis Against Reddit
stockscent.comI built a similar tool. but I used twitter and tracked the sentiment of topics including stock and crypto. It's an interesting angle, if you'd want to pursue it.
There is somewhat of correlation between online sentiment & crypto price movements, there are a couple papers on the topic. However, it is quite difficult to trade against. I work on wall street (tech side) so this was mostly just past time activity.
I think I’d like to be able to see big shifts in sentiment or at least be able to graph it over time and compare it to the overall market.
But like you said, this is also just a hobby project for me.
Yep, that's what i did. Every 15 min I would measure the sentiment of given topics, normalize the messy data and plot them. you can overlay this against a time series of price data.
Twitter also has a historic tweets api. It's more work, but you can backtest as well.
What tools did you use?
anyway to display correlation of sentiment to future price movement. maybe display r and p values.
This is a really good idea! I can definitely add some functionality like this.