Free apps for event studies and news analytics
EventStudyTools helps you perform event studies and news analytics with dedicated research apps. These apps will calculate for you the various statistics needed in your academic or business-oriented research project.
Use our Award-winning research apps - for free!
How to conduct event studies with www.eventstudytools.com?
To conduct an event study on www.eventstudytools.com, you simply need to parameterize your analysis and upload the respective financial data - which you can retrieve beforehand at one of the free financial data providers (e.g., Yahoo!Finance). Figure 1 illustrates this basic workflow. Please note that we offer three event study research apps: An abnormal return calculator (ARC) for return event studies, an abnormal volume calculator (AVC) for event studies that investigate abnormal trading volumes, and an abnormal volatility calculator (AVyC) if the trading volatility is to be investigated. Each abnormal effect calculator will give you the test statistics that you need for your publication.
Figure 1: Conducting Event Studies with EventStudyTools
What is news analytics and how to apply it?
News analytics describes the quantitative analysis of new streams aimed at turning news releases into quantitative metrics and time-series. There is a multitude of news analytics applications. First, the scientific analysis of qualitative dimensions of news that have previously been left unexplored. Second, the comparative analysis of event sequences. And finally, various practical applications, such as news-based trading strategies that trace actual firm behaviors. The figure beneath sketches the analytical framework that is implemented on EventStudyTools (see step-by-step tutorial) and has been used in various research publications.