Project information
- Category: Data Analysis
- Project date: July, 2024
- Project URL: stockportfoliobuilder.azurewebsites.net
Inspiration
Predicing the future and trader's intuition were alien to me but I decided to dip my feet in the world of stock trading and maybe make some money on the way.
Explanation
This website is largely based on finding the portfolio with the least risk the most return by calculation the Effieicent Frontier of the stocks with the highest Sharpe Ratio and provide news sentiment and simulations on those stocks. This project ended up becoming the center of investment for $150,000 USD.
Takeaways
Apart from learning about new statistical methods, I leanrt resoursefulness through this project because users would require calcualting the covariance matrix of 500 stocks on Azure's basic web app plan which proved lengthy. Also, all stock was stored on a by-demand basis in order to not exceed file limits, where stocks which has higher search rates would load much quicker.