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StockBot: Using LSTMs to Predict Stock Prices

Shaswat Mohanty, Anirudh Vijay and Nandagopan Gopakumar

Papers from arXiv.org

Abstract: The evaluation of the financial markets to predict their behaviour have been attempted using a number of approaches, to make smart and profitable investment decisions. Owing to the highly non-linear trends and inter-dependencies, it is often difficult to develop a statistical approach that elucidates the market behaviour entirely. To this end, we present a long-short term memory (LSTM) based model that leverages the sequential structure of the time-series data to provide an accurate market forecast. We then develop a decision making StockBot that buys/sells stocks at the end of the day with the goal of maximizing profits. We successfully demonstrate an accurate prediction model, as a result of which our StockBot can outpace the market and can strategize for gains that are ~15 times higher than the most aggressive ETFs in the market.

Date: 2022-07, Revised 2022-07
New Economics Papers: this item is included in nep-big, nep-cmp, nep-fmk and nep-for
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