Measuring Consistency in Text-based Financial Forecasting Models
Not on the map. Why?
Abstract (arXiv)
Financial forecasting has been an important and active area of machine learning research, as even the most modest advantage in predictive accuracy can be parlayed into significant financial gains. Recent advances in natural language processing (NLP) bring the opportunity to leverage textual data, such as earnings reports of publicly traded companies, to predict the return rate for an asset. However, when dealing with such a sensitive task, the consistency of models -- their invariance under meaning-preserving alternations in input -- is a crucial property for building user trust. Despite this, current financial forecasting methods do not consider consistency. To address this problem, we propose FinTrust, an evaluation tool that assesses logical consistency in financial text. Using FinTrust, we show that the consistency of state-of-the-art NLP models for financial forecasting is poor. Our analysis of the performance degradation caused by meaning-preserving alternations suggests that current text-based methods are not suitable for robustly predicting market information. All resources are available at https://github.com/yingpengma/fintrust.
Key facts. Cited by 3 papers in the map (data through 7 Oct 2026). Builds on 25 of its 69 references that are in the map. First posted on arXiv 15 May 2023.
Builds on
25 of 69 references.
References · 25
- 2018BERT: Pre-training of Deep Bidirectional Transformers for Language Understandingcited by 40,204
- 2019RoBERTa: A Robustly Optimized BERT Pretraining Approachcited by 13,266
- 2019DistilBERT, a distilled version of BERT: smaller, faster, cheaper and lightercited by 4,243
- 2020Beyond Accuracy: Behavioral Testing of NLP models with CheckListcited by 979
- 2019Is BERT Really Robust? A Strong Baseline for Natural Language Attack on Text Classification and Entailmentcited by 663
- 2018Annotation Artifacts in Natural Language Inference Datacited by 656
- 2017Adversarial Examples for Evaluating Reading Comprehension Systemscited by 568
- 2019Learning the Difference that Makes a Difference with Counterfactually-Augmented Datacited by 428
- 2019FinBERT: Financial Sentiment Analysis with Pre-trained Language Modelscited by 378
- 2021Measuring and Improving Consistency in Pretrained Language Modelscited by 361
- 2020BAE: BERT-based Adversarial Examples for Text Classificationcited by 316
- 2018Stress Test Evaluation for Natural Language Inferencecited by 211
13 more
- 2021Causal Inference in Natural Language Processing: Estimation, Prediction, Interpretation and Beyondcited by 177
- 2020FinBERT: A Pretrained Language Model for Financial Communicationscited by 161
- 2020Logic-Guided Data Augmentation and Regularization for Consistent Question Answeringcited by 77
- 2019Make Up Your Mind! Adversarial Generation of Inconsistent Natural Language Explanationscited by 71
- 2020UnNatural Language Inferencecited by 68
- 2022A Causal Framework to Quantify the Robustness of Mathematical Reasoning with Language Modelscited by 68
- 2020Robustness to Spurious Correlations via Human Annotationscited by 62
- 2019Modeling financial analysts' decision making via the pragmatics and semantics of earnings callscited by 17
- 2022NumHTML: Numeric-Oriented Hierarchical Transformer Model for Multi-task Financial Forecastingcited by 16
- 2017Volatility Prediction using Financial Disclosures Sentiments with Word Embedding-based IR Modelscited by 14
- 2019Explainable Text-Driven Neural Network for Stock Predictioncited by 13
- 2018Improving Stock Market Prediction via Heterogeneous Information Fusioncited by 12
- 2022FinTech for Social Good: A Research Agenda from NLP Perspectivecited by 1
Built on by
Citing papers per year: 2024: 1; 2025: 1; 2026: 1.
3 papers.
- 2025Consistency in Language Models: Current Landscape, Challenges, and Future Directionscited by 14
- 2024Are LLMs Rational Investors? A Study on Detecting and Reducing the Financial Bias in LLMscited by 7
- 2026A Citation-Grounded Benchmark for Trustworthy Earnings Call Transcript Analysis with Large Language Modelscited by 0
- 2026A Citation-Grounded Benchmark for Trustworthy Earnings Call Transcript Analysis with Large Language Models1 Oct 2026
- 2025Consistency in Language Models: Current Landscape, Challenges, and Future Directions1 May 2025
- 2024Are LLMs Rational Investors? A Study on Detecting and Reducing the Financial Bias in LLMs20 Feb 2024