Joe Gits talks Twitter at CBOE’s Risk Management Conference

Joe Gits, CEO of Social Market Analytics, recently spoke at the 34th annual CBOE Risk Management Conference.

Gits spoke at RMC about SMA’s patented technology, the Social Sentiment Engine, and Twitter’s relevance in financial markets.

Hosted by the Chicago Board Options Exchange, the RMC is an educational forum dedicated to exploring the latest products, trading strategies and tactics used to manage risk exposure and enhance yields. The RMC is the foremost financial industry conference designed for institutional users of equity derivatives and volatility products.

 

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Did you have a 40 Minute Head Start on Ocwen Financial Price Drop?

Social Market Analytics (SMA) aggregates the intentions of professional investors as expressed on Twitter and StockTwits.  On April 20th 2017 discussion started started on Twitter that OCN was going to be investigated in relation to sub prime mortgage concerns.  SMA Social Media Sentiment started moving lower early that morning.  In the chart below you can see the by Noon Eastern SMA sentiment had reached the -2.0 level.  The current conversation on Ocwen Financial had become more negative than 98% of conversations over the last month.  Volume of Tweets had increased significantly as well.

Ocwen1

Below is price action during the same period.  At 12:40 pm Eastern the price was steady.  The sentiment went below the -2.0 value 40 minutes earlier.  By 2:15 eastern the stock had lost half its value.

Ocwen2

Another example of SMA metrics leading price movements.  Contact SMA to learn more.

Thanks,

Joe