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Motivated by current monetary crises, vital research efforts have been put into studying contagion effects and herding behaviour in financial markets. Much much less has been stated relating to the affect of monetary news on financial markets. We suggest a novel measure of collective behaviour primarily based on monetary news on the Web, the News Cohesiveness Index (NCI), and we demonstrate that the index can be used as a financial market volatility indicator. We evaluate the NCI utilizing monetary paperwork from large Web information sources each day from October 2011 to July 2013 and analyse the interplay between monetary markets and finance-associated news. We hypothesise that sturdy cohesion in financial information reflects actions in the monetary markets. Our outcomes indicate … Read more