Heckyl has developed a Sentiment Index that analyses the potential impact of the sentiment on the value of Straits Times Index (STI) in real-time.
The Sentiment Index indicates bullish/bearish signals based on the crossover of fast and slow moving averages of the daily sentiment index value. This is done through an analysis of the news flow on the 30-largest public listed companies in real-time.
Our back-testing has indicated a strong positive correlation (0.75+), implying that the Heckyl Sentiment index is an alternative proxy for the Straits Times index.
Currently, Heckyl Sentiment Index for Straits Times index is in mildly bearish territory, indicating the sideways trade may continue.