Historical study of text sentiment
Is there a stable relationship between text scores and subsequent returns?
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Sample JSON
Specification JSON
Sample as of
0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD
- Highest item: Fourth group
- 0.19
- Lowest item: Highest sentiment
- -0.09
- Average
- 0.04
- Number of items
- 5 items
Main chart: subsequent excess return by sentiment group (%), by sentiment quantile group
Subsequent excess return by sentiment group (%) (Bar)
Secondary chart: sample size and out-of-sample period results
Sample size and out-of-sample period results (Line)
Detail: data rows, observation dates and missing-value status for the historical study of text sentiment
Subsequent excess return by sentiment group (%) and Sample size and out-of-sample period results (Table)
Sample data rows
| Sentiment quantile group | Subsequent excess return by sentiment group (%) | Sample size and out-of-sample period results | Data date (sample) |
|---|---|---|---|
| Lowest sentiment | -0.07 | 94.4 | 2026-10-16 |
| Second group | 0.06 | 100 | 2026-10-16 |
| Middle group | 0.12 | 92.1 | 2026-10-16 |
| Fourth group | 0.19 | 97.3 | 2026-10-16 |
| Highest sentiment | -0.09 | 100 | 2026-10-16 |