QuantCube Technology, a provider of alternative data, has released the Crude Oil Risk Sentiment Indicator. has built the most comprehensive real-time indicator for crude oil by analyzing sentiment data in Arabic and English. The Crude Oil Risk Sentiment Indicator reliably captures short-term risks in the market by combining social media analytics in Arabic and English with proprietary Natural Language Processing algorithms and a specialized dictionary customized for the crude oil market.
It analyses various factors that influence crude oil prices in real-time, such as OPEC meetings, output, and stockpiles. As a result, the indicator can reveal information many hours before traditional news agencies, giving commodity traders and hedge funds a competitive advantage. “Our Crude Oil Risk Sentiment Indicator is a must-have for clients interested in commodities such as crude oil and is used to derive short term investment signals,” says Thanh-Long Huynh, CEO of QuantCube.
The QuantCube Crude Oil Risk Sentiment Indicator is updated every day and is calculated over 24 hours. The indicator ranges from 0 to 100 and gives data on the current social media risk perception of the crude oil market. When looking at data over 2-6 days, investment signals can be drawn from the absolute level and the short-term acceleration. For example, readings above 65 are considered extremely high, whereas readings below 35 are considered extremely low. When the risk level is high, prices are likely to fall.