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Faculty Selected Works of Yiuman Tse
Article
Stock market prediction with deep learning: The case of China
Finance Research Letters (2022)
  • Qingfu Liu, Fudan University
  • Zhenyi Tao
  • Yiuman Tse, University of Missouri-St. Louis
  • Chuanjie Wang
Link
Abstract
We consider stock price charts as images and use deep learning neural networks (DLNNs) for image modeling. DLNNs can imitate the work of a technical analyst to predict stock price movements in the short term with price charts and stock fundamentals (e.g., price-to-earnings ratio). We find that a deep learning model performs better than a single-layer model in the prediction of the Chinese stock market. DLNNs provide customizable statistical tools for analyzing price charts effectively. More importantly, price trends established by different periods of past daily closing prices dominate stock fundamentals in predicting future price movements.


Keywords
  • Deep learning,
  • Stock market prediction,
  • Trend analysis
Disciplines
Publication Date
May, 2022
DOI
10.1016/j.frl.2021.102209
Citation Information
Qingfu Liu, Zhenyi Tao, Yiuman Tse and Chuanjie Wang. "Stock market prediction with deep learning: The case of China" Finance Research Letters Vol. 46 (2022)
Available at: http://works.bepress.com/yiuman-tse/138/