Can ChatGPT Forecast Stock Price Movements? You Might Be Surprised!

The usage of Large Language Models like ChatGPT is exploding and with new applications emerging every day, the burning question on investors’ minds is whether these models can enhance their returns. In this video, we’ll dive into a recent research paper that examines the use of these models for forecasting stock returns, and the surprising results it uncovered. Additionally, we’ll consider the practical implications of this research and whether it can be applied to our own investment portfolios.

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Timestamps
00:00 Introduction
00:41 Sentiment Analysis
01:14 Models
02:52 Prompts
04:20 Sentiment Analysis With LLMs
08:29 Performance
13:27 Can I Make Money With This?

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Take A Look At Some Of My Other Videos & Playlists
📹 Investment Strategies playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7Tci3mKU21drdoRFoNmIVbDd
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DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.