Mining the Relationship Between COVID-19 Sentiment and Market Performance

Understand

At the beginning of the COVID-19 outbreak in March, we observed one of the largest stock market crashes in history.

• Within the months following this, a volatile bullish climb back to pre-pandemic performances and higher.
• In this paper, we study the stock market behavior during the initial few months of the COVID-19 pandemic in relation to COVID-19 sentiment.
• Using text sentiment analysis of Twitter data, we look at tweets that contain key words in relation to the COVID-19 pandemic and the sentiment of the tweet to understand whether sentiment can be used as an indicator for stock market performance.