RavenPack Revamps Sentiment Analysis, Focuses on Unstructured Data Beyond Twitter Analytics
The vendor is changing the way it calculates sentiment scores to be more useful to traders.
Version 5.0 of RavenPack News Analytics moves away from positive or negative sentiment to focus on a thematic approach, as a positive-negative approach is overly simplistic and potentially ignores useful information, officials say.
For example, in the previous version, information such as earnings announcements and press releases were separated into positive or negative, whereas the new version can “read and categorize every sentence and derive conclusions on whether this information is good or
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