MarketPsych

MarketPsych is a global provider of financial market sentiment data, behavioral testing tools, and trainings.[1][2]

MarketPsych
IndustryFinancial technology
Founded2001
FoundersRichard L. Peterson & Frank Murtha
Headquarters
New York
,
United States
Number of locations
3
Websitewww.marketpsych.com

History

MarketPsych was founded in 2001 by Richard L. Peterson, M.D. and Frank Murtha, PhD. The company initially focused on behavioral finance coaching and trainings for financial professionals.[3]

In 2004 the company began media sentiment analysis[4] and in 2008 the firm spun off MarketPsy Capital LLC and launched the first social media-based quantitative hedge fund.[5]

In 2011, the firm launched MarketPsych Data LLC to provide the sentiment analysis data underlying its hedge fund through Thomson Reuters (now Refinitiv).[6] The firm offers data feeds of emotional indexes such as fear and anger as well as themes covering thousands of companies and assets.[7][8] It has clients in 25 countries.[5]

Hedge Fund

MarketPsych was in The Wall Street Journal,[9] Financial Times,[10] HedgeWeek,[11] USA Today,[12] and Bloomberg[13] regarding its social media-based hedge fund MarketPsy Long-Short Fund LP, which operated from September 2008 through 2010.[14]

Sentiment Data

Through Refinitiv, MarketPsych Data provides streaming media sentiment for 187 countries, 15,000+ global companies, 62 stock indexes, 62 sovereign bonds, 45 currencies, 36 commodities, 150 cryptocurrencies with history from 1998-present.[15] The data includes complex themes and emotion analytics with a Fear index, and Anger index[16] and a Bubble-ometer.[17]

MarketPsych patented (#US8903713B2) its style of NLP analysis.[18] As of January 2020, there are 35 academic papers and 12 dissertations written on the firm’s data.[19]

Financial Personality Tests

In 2004, MarketPsych launched free online personality and cognitive tests, taken by over 30,000 people.[20][21] The firm hosts a free online client assessment tool called Insights for financial advisors.[22][23]

Books
  • Inside the Investor's Brain: The Power of Mind over Money, Wiley, John & Sons, July 2007, ISBN 978-0-470-06737-6
  • MarketPsych: How to Manage Fear and Build Your Investor Identity, Wiley, John & Sons, September 2010, ISBN 978-0-470-54358-0
  • Trading on Sentiment: The Power of Minds over Markets. Wiley, John & Sons: New York, March 2016, ISBN 978-1119122760

See also

References
  1. "Refinitiv releases MarketPsych indices". finextra.com. 25 September 2019. Retrieved 26 February 2020.
  2. Kenneth Rapoza,"How Pandemics Have Impacted Airline Stocks, From SARS To Coronavirus". Forbes. 3 February 2020. Retrieved 26 February 2020.
  3. Matthew Craft,"A Q&A with Wall Street's top psychiatrist on market turmoil". apnews.com. 28 August 2015. Retrieved 26 February 2020.
  4. Robert Armstrong and Jacob Ward,"Money Minded: How to Psychoanalyze the Stock Market". popsci.com. 19 February 2008. Retrieved 26 February 2020.
  5. "Discovery Day London 2019 Panels D2 T1 03 The Power Of Ensemble Exploration Kits". youtube.com. 22 February 2020. Retrieved 26 February 2020.
  6. Melanie Rodier,"Thomson Reuters Adds Psychological Analysis to Machine Readable News". wallstreetandtech.com. 26 July 2012. Retrieved 26 February 2020.
  7. "The mood of the market". The Economist. 28 June 2012. Retrieved 26 February 2020.
  8. "Refinitiv MarketPsych Indices: measure economic and market cognition in real-time". youtube.com. 13 January 2020. Retrieved 26 February 2020.
  9. Michelle Price,"Traders See Profits in Tweets". Wall Street Journal. 20 May 2011. Retrieved 26 February 2020.
  10. "Decoding the psychology of trading". Financial Times. 16 July 2010. Retrieved 26 February 2020.
  11. "The Interview: Understanding the workings of the brain unlocks a trove of novel investment strategies". HedgeWeek Magazine. 30 July 2009. Retrieved 26 February 2020.
  12. Adam Shell,"Wall Street traders mine tweets to gain a trading edge -- Adam Shell". USA Today. 3 May 2011. Retrieved 26 February 2020.
  13. Rachael King,"Trading on a World of Sentiment". Bloomberg BusinessWeek. 1 March 2011. Retrieved 26 February 2020.
  14. "Developing Trading Models Using Machine Learning on Financial News and Social Media Data". YouTube.com. 1 March 2017. Retrieved 26 February 2020.
  15. "The Sentimental Market Hypothesis How Crowd Emotion Drives Market Prices". YouTube.com. 4 April 2014. Retrieved 26 February 2020.
  16. John Authers,"Authers' Note: Anger is an energy". Financial Times. Retrieved 26 February 2020.
  17. Jason Zweig,"The Extraordinary Popular Delusion of Bubble Spotting". Wall Street Journal. 5 November 2011. Retrieved 26 February 2020.
  18. "Method and apparatus for automatically analyzing natural language to extract useful information". patents.google.com. Retrieved 26 February 2020.
  19. "Academic papers and dissertations" (PDF). amazonaws.com. Retrieved 26 February 2020.
  20. "TEST". tests.marketpsych.com. Retrieved 26 February 2020.
  21. Jason Zweig,"TESTS: "Investor, Take This Test."". Wall Street Journal. Retrieved 26 February 2020.
  22. "What's The Future Of Fintech?". futureofeverything.io. Retrieved 26 February 2020.
  23. "MarketPsych Insights". mpipersonality.com. Retrieved 26 February 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.