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Paper · 2402.11728 · 2024

Numerical Claim Detection in Finance: A New Financial Dataset, Weak-Supervision Model, and Market Analysis

arXiv · PDF · Open in the Atlas

Code that ran

We lifted 2 functions out of this paper's own repositories and ran 2 of them in a sandbox. "Ran" means the function executed on a synthesized input and returned a value. It is not a reproduction of the paper's results.

RepositoryRoleRan
gtfintechlab/fin-num-claim canonical 2 of 2
FunctionStatusWhere it lives
check_for_numeric_data Ran gtfintechlab/fin-num-claim/code/WS_model.py
pointer only (licence: NOASSERTION) · get_code("5430f2e5f4ede39f")
split_into_sentences Ran gtfintechlab/fin-num-claim/code/WS_model.py
pointer only (licence: NOASSERTION) · get_code("9a2f7841367ae5ee")

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Abstract

In this paper, we investigate the influence of claims in analyst reports and earnings calls on financial market returns, considering them as significant quarterly events for publicly traded companies. To facilitate a comprehensive analysis, we construct a new financial dataset for the claim detection task in the financial domain. We benchmark various language models on this dataset and propose a novel weak-supervision model that incorporates the knowledge of subject matter experts (SMEs) in the aggregation function, outperforming existing approaches. We also demonstrate the practical utility of our proposed model by constructing a novel measure of optimism. Here, we observe the dependence of earnings surprise and return on our optimism measure. Our dataset, models, and code are publicly (under CC BY 4.0 license) available on GitHub.

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