The internet is full of resources and allows free access to valuable financial data that has the potential to turn financial issues upside down. By scraping and analyzing information from financial sites, you can use it for a stock price and market sentiment toward stock forecasting, investment plans generation, cryptocurrency transactions, and much more.
Which data can be obtained through financial scraping?
Financial sources can offer value in terms of the following details:
- best stock bid/ask
- earnings per share
- share volume
- 50 day average daily volume
- 1 year target
- market cap
- current yield
- open/close date
- open/close price
- and much more
Since financial data is the most volatile, it is complicated to work with and requires constant updates. Regular scraping helps you keep up with it continuously.
What are the purposes of financial data scraping?
Profitable stock trading
Stock trading on the web depends on the market to a great extent. Through parsing the changing market trends and stock prices, market predictions are made easier, and purchase or sale of stocks is possible for maximal profits.
Venture capital investigation
To make the right data-backed strategic decision as to investment and funding of a start-up, new or small business, it’s reasonable to monitor and scrape data from business and product profiling platforms like TechCrunch and VentureBeat or related portfolio companies.
This comes in handy to organizations that want to analyze the state of the market. Scraping information in financial and business domains, news platforms, social media publications, and tweets can provide the scraper with a greater understanding of current market trends.
The research of equity is helpful to a company’s evaluation of its stock purchasing or selling. Thus, banks, financial advisors, and investors research information on dedicated pages of the official sites, in the investor relations sections or financial reports, to gain insights into the company’s financial strength and reasonability of investment.
Regulatory compliance check
To avoid investment and business risks, you should be aware of corresponding government schemes and policies. Scrape information from news platforms and government resources for real-time updates.
Who is financial data scraping for?
Many fields need financial data scraping. The most significant specialists are:
- financial advisors
- risk analysis experts
- financial news sites’ journalists