Stock data analysis with Ulpath automation | IEEE Conference Publication | IEEE Xplore

Stock data analysis with Ulpath automation

Publisher: IEEE

Abstract:

In this present world, state-of-the-art software systems are receiving myriad attention among peers in the financial ground. Robotic Process Automation is a stroke of luc...View more

Abstract:

In this present world, state-of-the-art software systems are receiving myriad attention among peers in the financial ground. Robotic Process Automation is a stroke of luck in elevating the profit of a firm. This robot helps in effortlessly performing daily activities of the firm in less time. Here supervision of stock websites and gathering of data is performed using this automation. With preprocessing, data is transformed into a usable form for further modeling using machine learning. Investors could discern the trend of the stock market and resolve on buying or selling shares after a clear analysis.
Date of Conference: 24-25 May 2021
Date Added to IEEE Xplore: 29 June 2021
ISBN Information:
Publisher: IEEE
Conference Location: Chennai, India

I. INTRODUCTION

For investing purposes, data and analysis are vital. Investors depend on analysis to find the maximum profit from it. Many analysis methods have been implemented to understand the trend of the market. Charts are used for analysis to identify trading signals and patterns. By focusing on a particular trading method and by implementing it on huge datasets, the effective analysis could be performed at the first attempt. For the collection of huge datasets, Robotic process automation technology is used. Robotic process automation is based on the concept of automated robots or AI employees [1]. Robots are used to reproduce the work done by humans. On average a human can work 8 hours whereas robots can work tirelessly for 24 hours [1], [2]. Repeated mundane tasks of employees such as calculations, collecting data are automated with this Robotic staff. It uses advanced software techniques to manage routine and repetitive computer tasks automatically. Here Robotic process automation tool called UIpath is used. By using this tool large datasets are obtained within less time, as it requires no coding and it is a flowchart-based technique. Here all the necessary steps from importing files, data collection and, storing the file are done in a sequential manner by placing right activities for the relevant task within the flowchart. Obtained data are visualized in the analysis process. It is observed that the stock market chart trend does not always follow a straight line. There are uptrends and low trends in the account of every stock. Visualization of these trends gives investors an idea for making trading decisions.

References

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