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Can ChatGPT Forecast Stock Price Movements? You Might Be Surprised!

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PensionCraft

The usage of Large Language Models like ChatGPT is exploding and with new applications emerging every day, the burning question on investors' minds is whether these models can enhance their returns. In this video, we'll dive into a recent research paper that examines the use of these models for forecasting stock returns, and the surprising results it uncovered. Additionally, we'll consider the practical implications of this research and whether it can be applied to our own investment portfolios.

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Timestamps
00:00 Introduction
00:41 Sentiment Analysis
01:14 Models
02:52 Prompts
04:20 Sentiment Analysis With LLMs
08:29 Performance
13:27 Can I Make Money With This?

Where Else You Can Find Me
Check out our weekly podcast "Many Happy Returns" on your podcast provider of choice https://manyhappyreturns.captivate....
Website https://pensioncraft.com/
Twitter   / pensioncraft  
Facebook   / pensioncraft  
Linkedin   / pensioncraft  

Tools I Use To Create My Videos
✔ My primary data source is SharePad and an affiliate link for this is here https://sharescope.co.uk/pensioncraftsp (This link provides new users with a special offer and gives me a small commission)
The rest of the tools I use are free open source software:
✔ ggplot2 package in R for my plots
✔ RStudio to edit and run R code
✔ OBS to record my videos and live streams
✔ Kdenlive to edit my videos

Take A Look At Some Of My Other Videos & Playlists
Investment Strategies playlist    • Investment Strategies  
Income Investing playlist    • Income Investing  
Investing With Vanguard playlist    • Investing with Vanguard  
Portfolio Building Blocks playlist    • Portfolio Building Blocks  

DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

posted by jarozytol