Bloomberg recently wrote that “It’s no secret that hedge fund managers are always looking for new sources of data that will help them in their never-ending quest to beat the market.” (1)
This has been increasing interesting to me.
We have found that the incorporation of social sentiment data is definitely improving the quality of algorithms as shown in our backtesting on CloudQuant.
Over the next couple of weeks an intern from the University of Chicago who is mastering in Financial Mathematics is working on incorporating social signals into a DeMark Indicators script that is available for all registered users to see in the CloudQuant base working scripts.
I look forward to seeing how this improves. And I look forward to seeing her quantitative reasons for why social sentiment and other changes to the TD Sequential script improves.