Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results

This project aims to investigate the relationship between Twitter activity and sporting results on the stock market performance of publicly traded football clubs. Three clubs are used as case studies, where fan opinions on Twitter are analysed and compared to the fluctuations of the club's stoc...

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Main Author: Ooi, Wei Chern
Other Authors: Erik Cambria
Format: Final Year Project
Language:English
Published: Nanyang Technological University 2023
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Online Access:https://hdl.handle.net/10356/166154
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1661542023-05-12T15:36:50Z Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results Ooi, Wei Chern Erik Cambria School of Computer Science and Engineering cambria@ntu.edu.sg Engineering::Computer science and engineering::Computing methodologies::Artificial intelligence Engineering::Computer science and engineering::Mathematics of computing::Numerical analysis This project aims to investigate the relationship between Twitter activity and sporting results on the stock market performance of publicly traded football clubs. Three clubs are used as case studies, where fan opinions on Twitter are analysed and compared to the fluctuations of the club's stock prices. While previous studies have investigated the direct impact of tweets and football game results on the stock market, this project is unique in that it compares the two factors side-by-side to determine which is a better indicator. The goal of this project is to determine whether Twitter activity or match results have a greater impact on the performance of football club shares on the stock market, and to understand the extent of this influence. Results from Granger-causality analysis shows that football match results is the overall better predictor of all three publicly traded football club’s stock performance. Unexpected match results demonstrated greater impact in influencing all three football club’s stock returns and price while sentiment features from football-related tweets are good predictors for Manchester United F.C. and Borussia Dortmund. Bachelor of Science in Data Science and Artificial Intelligence 2023-04-19T01:53:16Z 2023-04-19T01:53:16Z 2023 Final Year Project (FYP) Ooi, W. C. (2023). Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/166154 https://hdl.handle.net/10356/166154 en application/pdf Nanyang Technological University
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering::Computer science and engineering::Computing methodologies::Artificial intelligence
Engineering::Computer science and engineering::Mathematics of computing::Numerical analysis
spellingShingle Engineering::Computer science and engineering::Computing methodologies::Artificial intelligence
Engineering::Computer science and engineering::Mathematics of computing::Numerical analysis
Ooi, Wei Chern
Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results
description This project aims to investigate the relationship between Twitter activity and sporting results on the stock market performance of publicly traded football clubs. Three clubs are used as case studies, where fan opinions on Twitter are analysed and compared to the fluctuations of the club's stock prices. While previous studies have investigated the direct impact of tweets and football game results on the stock market, this project is unique in that it compares the two factors side-by-side to determine which is a better indicator. The goal of this project is to determine whether Twitter activity or match results have a greater impact on the performance of football club shares on the stock market, and to understand the extent of this influence. Results from Granger-causality analysis shows that football match results is the overall better predictor of all three publicly traded football club’s stock performance. Unexpected match results demonstrated greater impact in influencing all three football club’s stock returns and price while sentiment features from football-related tweets are good predictors for Manchester United F.C. and Borussia Dortmund.
author2 Erik Cambria
author_facet Erik Cambria
Ooi, Wei Chern
format Final Year Project
author Ooi, Wei Chern
author_sort Ooi, Wei Chern
title Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results
title_short Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results
title_full Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results
title_fullStr Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results
title_full_unstemmed Investigating football club stock fluctuations through Twitter sentiment analysis and sporting results
title_sort investigating football club stock fluctuations through twitter sentiment analysis and sporting results
publisher Nanyang Technological University
publishDate 2023
url https://hdl.handle.net/10356/166154
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