News volume and sentiment boost portfolio performance, outperforming benchmark index.
The researchers developed a new way to pick investments by using news volume and sentiment. They found that lots of news can make a portfolio risky, but positive news can increase returns. By combining this information with a special algorithm, they created a better way to choose investments. Tests showed that this new method outperformed the usual way of picking investments. So, using news volume and sentiment can help make investment portfolios do better by making more money and lowering risk.