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Nostradamus: Weathering Worth

Authors :
Chaudhuri, Alapan
Ahmed, Zeeshan
Rao, Ashwin
Subramanian, Shivansh
Pradhan, Shreyas
Mittal, Abhishek
Publication Year :
2022

Abstract

Nostradamus, inspired by the French astrologer and reputed seer, is a detailed study exploring relations between environmental factors and changes in the stock market. In this paper, we analyze associative correlation and causation between environmental elements (including natural disasters, climate and weather conditions) and stock prices, using historical stock market data, historical climate data, and various climate indicators such as carbon dioxide emissions. We have conducted our study based on the US financial market, global climate trends, and daily weather records to demonstrate a significant relationship between climate and stock price fluctuation. Our analysis covers both short-term and long-term rises and dips in company stock performances. Lastly, we take four natural disasters as a case study to observe the effect they have on people's emotional state and their influence on the stock market.<br />Comment: 13 pages, 13 figures; updated abstract; updated format to Springer LNCS

Details

Database :
arXiv
Publication Type :
Report
Accession number :
edsarx.2212.05933
Document Type :
Working Paper