How Novelty And Narratives Drive The Stock Market
Download How Novelty And Narratives Drive The Stock Market PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get How Novelty And Narratives Drive The Stock Market book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages.
How Novelty and Narratives Drive the Stock Market
Author: Nicholas Mangee
language: en
Publisher: Cambridge University Press
Release Date: 2021-10-14
The novelty-narrative hypothesis is used to understand stock market instability using big data textual analytics of financial news.
How Novelty and Narratives Drive the Stock Market
"When unscheduled events hit the stock market, from corporate scandals and technological breakthroughs to recessions and pandemics, relationships driving returns change in unforeseeable ways. To deal with uncertainty, investors engage in narratives thatwhich simplify the complexity of real-time, non-routine change. Narratives themselves are a source of uncertainty as investors tell stories that others have told them and so on. This book assesses the Novelty-Narrative Hypothesis for the U.S. stock market by conducting a comprehensive investigation of unscheduled events through big data textual news analysis of Dow Jones and Bloomberg News financial reports. Analysis is motivated by great early thinkers of modern-day capital markets, such as Knight, Keynes, and Popper, and recent evidence from outside disciplines, such as cognitive psychology, sociology, and linguistics. Findings suggests that major macro events and associated narratives spill over into the churning stream of corporate novelty and sub-narratives, spawning different forms of unforeseeable stock market instability"--
Narrative Analytics and Stock Market Forecasting
Author: Nicholas Mangee
language: en
Publisher: Edward Elgar Publishing
Release Date: 2025-07-15
This pioneering book analyzes the ability of narratives to help forecast stock market performance. Nicholas Mangee delves into the forecasting component of the novelty-narrative hypothesis (NNH) and its two pillars of relevance realization and contextualized meaning, using a wide range of empirical evidence to demonstrate how narratives can help inform investment strategies.