Social Stocks

The Project

Currently, there is increasing participation in investment, especially in the stock market, as it appeals to more average citizens. One common roadblock these individuals receive is the lack of information about the economy, politics, regulation, etc., which could all affect the stock market. This app addresses this problem by collecting mass information from third-party social media. Information from social media platforms has its advantage mainly due to the citizen involvement and expertise some users may resemble. Pulling large amounts of data from these social media users avoids bias and establishes reliable sourcing. Using this information as a predictor, the app computes data and effectively predicts the performance of the stock for the next three days. By doing this, users of this app could easily get informed through instant quantitative prediction instead of having to read all over social media. This app also indirectly manages people’s wealth because it allows users to make smarter decisions, thus increasing their money potential. In certain areas, this app is able to perform the same duty as a licensed wealth manager.

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Team Comments

I chose this project due to the increased risk in the stock market. As the stock market is growing and more people become interested in investing to gain wealth, barriers start to unveil due to the lack of expertise and background of certain companies. Hence, we need something to guide these people.

Implementing all the 6000+ stocks into the app has been the greatest challenge, but it is necessary for the app to be as professional as possible. Unlike those large trading app developers, I don’t have a huge cloud to store all these stocks compatibly, so those stocks have to be written manually.

I would like to improve on what I currently have. It is crucial to keep improving the accuracy of the prediction. Having a slightly inaccurate prediction can hurt the user. The core concept of this app is to predict. If the app cannot effectively accomplish that, there is no point in other features.