In January this year, China witnessed an outbreak of Coronavirus which has now infected more than 8,50,000 people globally. So far, Coronavirus has claimed the lives of more than 42,000 people. The rapid spread of Coronavirus across 199 countries and territories has forced the governments announced the lockdowns. Almost all the sectors were impacted by the lockdowns.
Analysis of unstructured datasets such as News can be very useful to unravel red-flags such as plant shut down, layoffs, supply disruption, lawsuits, drop in earnings, product recalls, regulatory actions etc. ahead of time.
We conducted analysis of news data on Coronavirus to measure its impact on the sectors. Our analysis showed that Automobile, Transportation, Consumer Services, Industrials and Software & Services were the worst hit sectors due to lockdown announced by Indian government to stop the spread of Coronavirus.
Production, Flights Cancelled, Management Change, Shuts Plant, Layoffs, Shares plunge, Pay Cut, Profit Warning, Earnings Fall and Revenue Decreased were top buzzwords around negative news flow related to Coronavirus for these 5 sectors.
Tata Motors, Ford India, Maruti Suzuki, Hero Motocorp and Mahindra & Mahindra were top 5 companies from Auto sector leading the Coronavirus related negative news coverage.
In the transportation sector, InterGlobe Aviation, Air India, Go Airlines, Spicejet and AirAsia were top 5 companies dominating the Coronavirus related negative news coverage.
Air India, InterGlobe Aviation, Ford India, Maruti Suzuki, Hero Motocorp, SpiceJet, M&M, Go Airlines, PayTM and Tata Motors were top 10 companies leading news volume related to flight cancellations, suspension of production, closure of operations or plant shut downs under Disruption category.
Heckyl Risk Analytics System is the first of its kind innovative application that provides early warning signals through analysis of traditional and alternative datasets for identifying distress sectors and companies ahead of time.
To know more about Heckyl Risk Analytics System, email us at email@example.com.