Thomson Reuters Market Sentiment Index will track 100 cryptocurrencies
Thomson Reuters is expanding its index of cryptocurrencies to help determine market sentiment. Writes about this CoinDesk.
MarketPsych Indices launched in March this year. It includes tools for investment analysis of all kinds of indicators, from companies to government bonds, and draws information from more than 2,000 news sources and 800 social networks..
Among other things, bitcoin was included in the first stage. From now on, the tool will allow you to analyze 100 assets on the cryptocurrency market using a number of metrics such as hope, delight, greed, fear, etc., using artificial intelligence and machine learning..
“By adding cryptocurrency sentiment data to our portfolio of multi-asset solutions, we provide our clients with an invaluable opportunity to make strategic investment decisions,” said Pradeep Menon, head of global investment and consulting at Thomson Reuters..
MarketPsych Indices uses quantitative analysis and a set of complementary tools designed with the principles of behavioral economics, which allows you to “identify dominant motives and develop strategies faster.”.
“Our clients can use this data to find entry points that can provide positive investment expectations. They can use them to balance risks in their portfolios, ”a company spokesman said in March..
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