Self-Evolving Multi-Agent Symbolic Discovery for Financial Fundamental Analysis
On the map: LLM agents and tool use → Financial trading and forecasting agents
Abstract (arXiv)
While symbolic regression (SR) has been successfully used in science to discover new equations, its use in financial valuation is hindered by several limitations. Whereas the natural sciences provide objectively correct relationships, financial valuation constitutes a distinct class of symbolic discovery problems, as it admits multiple valid perspectives, operates under non-stationary market conditions, and involves noisy, continuous performance signals. In this work, we propose Multi-Agent Fundamental Analysis with Symbolic Adaptive learning (MUFASA), a hierarchical multi-agent framework for symbolic discovery in finance. MUFASA introduces (1) disentangled equation discovery via specialized agents representing distinct valuation perspectives, (2) a meta-coordinator that performs hierarchical-level reasoning over market context information, and (3) a memory mechanism that reasons over statistical performance summaries (e.g., accuracy, stability, and tail risk) to guide learning under noisy feedback. Experiments across datasets from multiple countries show that MUFASA achieves state-of-the-art performance on the valuation task compared to classical finance methods, financial large language models, and SR approaches, while simultaneously producing interpretable equations, which we share with the community. We also make publicly available the distilled learnings across evolution iterations and context-dependent strategy weights, which might offer useful insights for future research on financial fundamental analysis.
Key facts. No citing papers in the map yet (data through 7 Oct 2026). Placed in Financial trading and forecasting agents, one of 16 directions in LLM agents and tool use. Builds on 12 of its 49 references that are in the map. First posted on arXiv 26 Sep 2026.
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12 of 49 references.
References · 12
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- 2026Influence-Guided Symbolic Regression: Scientific Discovery via LLM-Driven Equation Search with Granular Feedbackcited by 9
- 2026Language models guide symbolic equation discovery by controlling searchcited by 3
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