Title
Enhancing Sentiment Analysis of Financial News by Detecting Negation Scopes
Abstract
Sentiment analysis refers to the extraction of the polarity of source materials, such as financial news. However, measuring positive tone requires the correct classification of sentences that are negated, i.e. The negation scopes. For example, around 4.74% of all sentences in German ad hoc announcements contain negations. To predict the corresponding negation scope, related literature commonly utilizes two approaches, namely, rule-based algorithms and machine learning. Nevertheless, a thorough comparison is missing, especially for the sentiment analysis of financial news. To close this gap, this paper uses German ad hoc announcements as a common example of financial news in order to pursue a two-sided evaluation. First, we compare the predictive performance using a manually-labeled dataset. Second, we examine how detecting negation scopes can improve the accuracy of sentiment analysis. In this instance, rule-based algorithms produce superior results, resulting in an improvement of up to 9.80% in the correlation between news sentiment and stock market returns.
Year
DOI
Venue
2015
10.1109/HICSS.2015.119
System Sciences
Keywords
Field
DocType
knowledge based systems,learning (artificial intelligence),pattern classification,text analysis,german ad-hoc announcements,financial news sentiment analysis enhancement,machine learning,manually-labeled dataset,negated sentences,negation scope detection,positive tone measurement,predictive performance,rule-based algorithms,sentence classification,sentiment analysis accuracy improvement,source material polarity extraction,stock market returns,two-sided evaluation,speech,sentiment analysis,hidden markov models,prediction algorithms,algorithm design and analysis,computational modeling
Negation,Financial news,Sentiment analysis,Computer science,Prediction algorithms,Natural language processing,Artificial intelligence,Hidden Markov model,Stock market,German
Conference
ISSN
Citations 
PageRank 
1530-1605
9
0.61
References 
Authors
13
3
Name
Order
Citations
PageRank
Nicolas Prollochs1277.01
Stefan Feuerriegel221931.91
Dirk Neumann329437.29