# Event-Driven Learning of Systematic Behaviours in Stock Markets

arXiv: https://arxiv.org/abs/2010.15586 · HTML: https://mlsanity.com/paper/2010.15586/

## Key facts

- Cited by 4 papers in the map (data through 14 Oct 2026).
- First posted on arXiv 23 Oct 2020.

## Built on by (most cited first, 4 of 4)

- [Stock Movement Prediction Based on Bi-typed Hybrid-relational Market Knowledge Graph via Dual Attention Networks](https://mlsanity.com/paper/2201.04965/) (2022)
- [Language Modeling for the Future of Finance: A Survey into Metrics, Tasks, and Data Opportunities](https://mlsanity.com/paper/2504.07274/) (2025)
- [Fast and Accurate FSA System Using ELBERT: An Efficient and Lightweight BERT](https://mlsanity.com/paper/2211.08842/) (2022)
- [TopicProphet: Prophesies on Temporal Topic Trends and Stocks](https://mlsanity.com/paper/2512.11857/) (2025)

## Abstract (arXiv)

It is reported that financial news, especially financial events expressed in news, provide information to investors' long/short decisions and influence the movements of stock markets. Motivated by this, we leverage financial event streams to train a classification neural network that detects latent event-stock linkages and stock markets' systematic behaviours in the U.S. stock market. Our proposed pipeline includes (1) a combined event extraction method that utilizes Open Information Extraction and neural co-reference resolution, (2) a BERT/ALBERT enhanced representation of events, and (3) an extended hierarchical attention network that includes attentions on event, news and temporal levels. Our pipeline achieves significantly better accuracies and higher simulated annualized returns than state-of-the-art models when being applied to predicting Standard&Poor 500, Dow Jones, Nasdaq indices and 10 individual stocks.