Large Language Models Can Improve Stock Market Forecasts
Analyzing both numbers and narrative context in company reports led to better price forecasts.
Large Language Models Can Improve Stock Market ForecastsHow to get big returns from a small-company portfolio
Sorting stocks based on quality and not just size delivers a consistent premium.
Had investors continued to control for quality, the “golden age” of US small-cap investing that characterized the 1960s and 70s would have continued.
Clifford S. Asness, Andrea Frazzini, Tobias J. Moskowitz, and Lasse H. Pedersen, “Size Matters, If You Control Your Junk,” Fama-Miller working paper, February 2015.
Analyzing both numbers and narrative context in company reports led to better price forecasts.
Large Language Models Can Improve Stock Market ForecastsWhen the pandemic hit the United States, medical debt appeared likely to soar. Instead, it fell.
The COVID Medical-Debt Bomb That FizzledLate payments and discriminatory behavior can echo up and down the chain.
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