Mining Quarterly Reports for Intraday Stock Price Trends

This paper proposes a methodology for predicting a change in stock prices trends for the time immediately following the publishing of quarterly reports. The methodology consists of three components. The first component benchmarks companies from the same line of business based on their financial ratios. The second component retrieves quarterly reports that share common patterns. The third component determines the direction of a stock price trend. The results indicate that mining of quarterly reports allows capturing important patterns which influence the traders’ expectation and result in stock price change.