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Algorithmic Analyst (ALAN) — An Application for Artificial Intelligence Content as a Service

In: HANDBOOK OF FINANCIAL ECONOMETRICS, MATHEMATICS, STATISTICS, AND MACHINE LEARNING

Author

Listed:
  • Ted Hong
  • Daniel Lee
  • Wenching Wang

Abstract

This chapter presents Algorithmic Analyst (ALAN), an application that implements statistics and artificial intelligence methods with natural language generation to publish multimedia financial reports in Chinese and English. ALAN is a portion of a long-term project to develop an Artificial Intelligence Content as a Service (AICaaS) platform. ALAN gathers global capital market data, performs big data analysis driven by algorithms, and makes market forecasts. ALAN uses a multi-factor risk model to identify equity risk factors and ranks stocks based on a set of over 150 financial market variables. For each instrument analyzed, ALAN computes and produces narrative metadata to describe its historical trends, forecast results, and any causal relationship with global macroeconomic variables. ALAN generates English and Chinese text commentaries in html and pdf formats, audio in mp3 format, and video in mp4 format for the US and Taiwanese equity markets on a daily basis.

Suggested Citation

  • Ted Hong & Daniel Lee & Wenching Wang, 2020. "Algorithmic Analyst (ALAN) — An Application for Artificial Intelligence Content as a Service," World Scientific Book Chapters, in: Cheng Few Lee & John C Lee (ed.), HANDBOOK OF FINANCIAL ECONOMETRICS, MATHEMATICS, STATISTICS, AND MACHINE LEARNING, chapter 119, pages 4075-4086, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811202391_0119
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    More about this item

    Keywords

    Financial Econometrics; Financial Mathematics; Financial Statistics; Financial Technology; Machine Learning; Covariance Regression; Cluster Effect; Option Bound; Dynamic Capital Budgeting; Big Data;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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