Market Prophit has announced the official launch of its website with the goal of providing retail and institutional investors with a real-time, sentiment analysis tool for financial market conversations in social media.
Market Prophit extracts the market "signal" from the social media "noise" using sophisticated natural language processing techniques and predictive analytics. The algorithms automatically interpret and quantify large quantities of unstructured conversations to deliver sentiment signals to investors.
"As the volume of on-line conversation about financial markets continues to grow at a massive pace, it is getting much harder for investors to keep up with and interpret all of this information; especially in real-time. We believe that sentiment and market mood can have an effect on financial markets so we provide an easy-to-use tool that quickly delivers the "pulse" on the market to you", highlights the firm in its press release. The tool is designed for self-directed retail investors, day-traders, hedge fund portfolio managers, research analysts, or anyone interested in getting the current crowd-sourced buzz on the market.
Market Prophit is a financial big data company focused on analyzing market-related conversations in social media and providing real-time sentiment signals to both retail and institutional clients.