NVIDIA QQ Report (Quiver Quantitative) Apple ( AAPL)Īpple QQ Report (Quiver Quantitative) Amazon ( AMZN)Īmazon QQ Report (Quiver Quantitative) AMC Entertainment ( AMC)ĪMC QQ Report (Quiver Quantitative) Microsoft ( MSFT) Meta QQ Report (Quiver Quantitative) Advanced Micro Devices ( AMD)ĪMD QQ Report (Quiver Quantitative) NVIDIA ( NVDA) WallStreetBets Total Yearly Mentions: 14,362 Tesla QQ Report (Quiver Quantitative) Meta ( META) WallStreetBets Average Daily Mentions: 211 WallStreetBets Total Yearly Mentions: 33,365 GameStop QQ Report (Quiver Quantitative) Tesla ( TSLA) WallStreetBets Average Daily Mentions: 221 WallStreetBets Total Yearly Mentions: 34,973 Here is our data on the most popular WallStreetBets stocks of 2022: GameStop ( GME) While WallStreetBets remains best known for their borderline outlandish stock picks, having been mainly focused on what is often referred to as "meme stocks", the most discussed stock ideas on the retail investing forum might come off as a surprise for many. Throughout the years, we have kept daily data on the number of particular stock mentions and the sentiment within the subreddit discussions. We also utilize our datasets to keep track of momentum swings in popularity of particular individual stocks at the famous forum, which represents a far more interesting approach to the data. With CNN's fear and greed index set at the 34-point mark, there is a clear difference between the two indexes, possibly indicating that the interest for "meme" stocks is at all-time lows, with liquidity being sucked out of them. Historical data has clearly shown the tendency of WallStreetBets to usually be more greedy during the bullish periods while having the opposite effect during the bearish periods. The first time occurred at the end of December 2018 when the sentiment meter hit rock bottom, while the second time occurred during the height of the pandemic when the sentiment meter briefly touched the 4.5 mark.ĬNN and WSB Index Compared (Quiver Quantitative)įurther to the point, we believe that cross-comparing and referencing the two fear and greed indexes can also yield very interesting results. Historically speaking, as far back as the index is measured, we had only two instances of higher fear sentiment being recorded. The index fell off the cliff in late January of this year, racing downwards and finally bottoming up at the 7.7 mark at the end of May, with sentiment only slightly recovering to the 20.1 mark we have on record as of today. The WallStreetBets fear and greed index shows us that we are currently undoubtfully in the deep fear territory.
WallStreetBets & CNN Fear and Greed Index (Quiver Quantitative) By reverse-engineering the design, we have applied the same philosophy to the infamous retail investing forum, creating a fear and greed index measuring the retail investor subreddit sentiment towards the stock market. The theory behind the concept is basing itself on the logic that excessive fear usually tends to drive down share prices, and that too much greed tends to cause the opposite effect, injecting liquidity into the markets.
The world-famous CNN's fear and greed index has been measuring overall market sentiment for years. In today's article, we will explain how monitoring the spread between the two sentiments can allow for creation of alternative quantitative strategies based on the most often discussed stock picks within the subreddit, and how that approach has a potential to deliver alpha on the market. By reverse engineering the CNN's Fear and Greed index, which is measuring the general investor sentiment, we have created a mechanism that allowed us to track the sentiment among the investors in the WSB subreddit.
Ongoing conflicts, surging inflation, wrecked supply chains, and upcoming rate hikes have created a difficult-to-get-out liquidity crunch that is sucking the market dry.Īt the peak of fear and panic in the market, we present to you our alternative trading strategy that is built around one of the most interesting phenomena in stock market history, the infamous retail investing forum WallStreetBets. In the ever-increasingly difficult macroeconomic environment that we are finding ourselves in, generating positive stock market returns does seem to have become a far-stretching goal for many.
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