BAM—VENTURE, COMPANY, MERGERS & ACQUISITIONS:A score that
represents the news sentiment of the given story according to the BAM classifier, which
specializes in news stories about mergers, acquisitions and takeovers. Scores can take
values of 0, 50 or 100 indicating negative, neutral or positive sentiment, respectively. This
sentiment score is based on RavenPack’s Expert Consensus Methodology and has been
trained on stories that lead up to a pre-identified mergers, acquisitions and takeover
event.
BCA—REPORTS ON CORPORATE ACTIONS:A score that represents the news
sentiment of the given news story according to the BCA classifier, which specializes in
reports on corporate action announcements. Scores can take values of 0, 50 or 100
indicating negative, neutral or positive sentiment, respectively. This sentiment score is
based on RavenPack’s Expert Consensus Methodology and has been trained on stories
that lead up to a pre-identified corporate action announcement.
BER—EARNINGS RELEASES:A score that represents the news sentiment of the
given story according to the BER classifier, which specializes in news stories about
earnings releases. Scores can take values of 0, 50 or 100 indicating negative, neutral
or positive sentiment, respectively. This sentiment score is based on RavenPack’s Expert
Consensus Methodology.
ANL-CHG—ANALYST RECOMMENDATIONS & CHANGES:A score that repre-
sents the recommendation by an analyst in terms of stock upgrades and downgrades.
When the mention of a company in a story matches the criteria for ANL-CHG, scores
can take values of 0, 50 or 100, indicating a downgrade, neutral or upgrade rating,
depending on recommendations issued by the analyst.
MCQ—MULTI CLASSIFIER FOR EQUITIES:A score that represents the news
sentiment based on the tone towards the most relevant company mentioned in a story.
The score is derived from a combination of values produced by the BMQ, BEE, BCA
and ANL-CHG classifiers. An MCQ score is assigned when a company is mentioned in a
headline and tagged with a sentiment value by any of these four classifiers. When the
mention of a company in a story matches the criteria for MCQ, scores can take values of
0, 50 or 100 indicating negative, neutral or positive sentiment, respectively.
EDITORIAL_NOVELTY:A single news event may often be reported as a chain of
linked stories. This number identifies the order of the story in a news chain. Integer scores
have a minimum of 1 and no maximum. A score of 1 indicates this is the first take of the
story published, whereas a score of 2 indicates this is the second take.
DJ_ACCESSION_NUMBER:This numeric identifier assigned by Dow Jones identifies
to which news chain a given story belongs. Stories that are part of the same chain have the
same Dow Jones accession number; those that are part of different chains have a distinct
accession number.
Applications of news analytics in finance: A review 33