This paper sought to find the statistical relationship between Twitter messages and the evolution of the Spanish stocks mentioned in Tweets. We analyzed information from Twitter to evaluate stock sentiment using Stockbuzz - the first tool to gather information from the social network in Spanish. Stockbuzz has been developed by Spanish bank BBVA and shows the investors’ mood for the IBEX 35 Spanish index. We use the application on investment decision making and calculate the average return depending on positive or negative Investors’ Mood. We conclude that twitter is a valid tool to generate investment alerts.
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Martínez et al. (2017) studied this question.
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