Company:MarketPsych

From HandWiki


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

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

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. https://www.finextra.com/pressarticle/80026/refinitiv-releases-marketpsych-indices. Retrieved 26 February 2020. 
  2. ↑ Kenneth Rapoza,"How Pandemics Have Impacted Airline Stocks, From SARS To Coronavirus". Forbes. 3 February 2020. https://www.forbes.com/sites/kenrapoza/2020/02/03/how-pandemics-have-impacted-airline-stocks-from-sars-to-coronavirus/#2e5cfe9d482c. Retrieved 26 February 2020. 
  3. ↑ Matthew Craft,"A Q&A with Wall Street’s top psychiatrist on market turmoil". apnews.com. 28 August 2015. https://apnews.com/1180dedc9ee245d595ab6d1902a05bd6. Retrieved 26 February 2020. 
  4. ↑ Robert Armstrong and Jacob Ward,"Money Minded: How to Psychoanalyze the Stock Market". popsci.com. 19 February 2008. https://www.popsci.com/scitech/article/2008-02/money-minded-how-psychoanalyze-stock-market/. Retrieved 26 February 2020. 
  5. ↑ 5.0 5.1 "Discovery Day London 2019 Panels D2 T1 03 The Power Of Ensemble Exploration Kits". youtube.com. 22 February 2020. https://www.youtube.com/watch?v=WpuBer3XA8Q. Retrieved 26 February 2020. 
  6. ↑ Melanie Rodier,"Thomson Reuters Adds Psychological Analysis to Machine Readable News". wallstreetandtech.com. 26 July 2012. https://www.wallstreetandtech.com/asset-management/thomson-reuters-adds-psychological-analysis-to-machine-readable-news/d/d-id/1266458.html. Retrieved 26 February 2020. 
  7. ↑ "The mood of the market". The Economist. 28 June 2012. https://www.economist.com/graphic-detail/2012/06/28/the-mood-of-the-market. Retrieved 26 February 2020. 
  8. ↑ "Refinitiv MarketPsych Indices: measure economic and market cognition in real-time". youtube.com. 13 January 2020. https://www.youtube.com/watch?v=1cFD0qaBEwA. Retrieved 26 February 2020. 
  9. ↑ Michelle Price,"Traders See Profits in Tweets". Wall Street Journal. 20 May 2011. https://www.wsj.com/articles/SB10001424052748704904604576333113600496974. Retrieved 26 February 2020. 
  10. ↑ "Decoding the psychology of trading". Financial Times. 16 July 2010. https://www.ft.com/content/7332e44a-9109-11df-b297-00144feab49a. 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. https://www.hedgeweek.com/2009/06/30/interview-richard-peterson-marketpsy-capital-understanding-workings-brain-unlocks-trove-n. Retrieved 26 February 2020. 
  12. ↑ Adam Shell,"Wall Street traders mine tweets to gain a trading edge -- Adam Shell". USA Today. 3 May 2011. https://usatoday30.usatoday.com/money/perfi/stocks/2011-05-03-wall-street-traders-mine-tweets_n.htm. Retrieved 26 February 2020. 
  13. ↑ Rachael King,"Trading on a World of Sentiment". Bloomberg BusinessWeek. 1 March 2011. https://www.bloomberg.com/news/articles/2011-03-01/trading-on-a-world-of-sentimentbusinessweek-business-news-stock-market-and-financial-advice. Retrieved 26 February 2020. 
  14. ↑ "Developing Trading Models Using Machine Learning on Financial News and Social Media Data". YouTube.com. 1 March 2017. https://www.youtube.com/watch?v=Qe3Tx5Ct_B0&t=1979s. Retrieved 26 February 2020. 
  15. ↑ "The Sentimental Market Hypothesis How Crowd Emotion Drives Market Prices". YouTube.com. 4 April 2014. https://www.youtube.com/watch?v=g8gJjqvsn1U. Retrieved 26 February 2020. 
  16. ↑ John Authers,"Authers’ Note: Anger is an energy". Financial Times. https://www.ft.com/content/2135ddf6-5e19-11e8-ad91-e01af256df68. Retrieved 26 February 2020. 
  17. ↑ Jason Zweig,"The Extraordinary Popular Delusion of Bubble Spotting". Wall Street Journal. 5 November 2011. https://www.wsj.com/articles/SB10001424052970204621904577017960729384948. Retrieved 26 February 2020. 
  18. ↑ "Method and apparatus for automatically analyzing natural language to extract useful information". patents.google.com. https://patents.google.com/patent/US8903713. Retrieved 26 February 2020. 
  19. ↑ "Academic papers and dissertations". amazonaws.com. https://marketpsych-website.s3.amazonaws.com/web3/files/Academic_citations_RMI.pdf. Retrieved 26 February 2020. 
  20. ↑ "TEST". tests.marketpsych.com. http://tests.marketpsych.com/. Retrieved 26 February 2020. 
  21. ↑ Jason Zweig,"TESTS: “Investor, Take This Test.”". Wall Street Journal. https://blogs.wsj.com/totalreturn/2011/10/18/investor-take-this-test/. Retrieved 26 February 2020. 
  22. ↑ "What’s The Future Of Fintech?". futureofeverything.io. https://www.futureofeverything.io/ask-thought-leaders-whats-future-fintech/. Retrieved 26 February 2020. 
  23. ↑ "MarketPsych Insights". mpipersonality.com. https://www.mpipersonality.com/. Retrieved 26 February 2020. 

External Links




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