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All Journal International Journal of Electrical and Computer Engineering
Chinthakunta Manjunath
School of Engineering and Technology, CHRIST
Computer Science & IT Electrical & Electronics Engineering

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Analysis of Nifty 50 index stock market trends using hybrid machine learning model in quantum finance Chinthakunta Manjunath; Balamurugan Marimuthu; Bikramaditya Ghosh
International Journal of Electrical and Computer Engineering (IJECE) Vol 13, No 3: June 2023
Publisher : Institute of Advanced Engineering and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11591/ijece.v13i3.pp3549-3560

Abstract

Predicting equities market trends is one of the most challenging tasks for market participants. This study aims to apply machine learning algorithms to aid in accurate Nifty 50 index trend predictions. The paper compares and contrasts four forecasting methods: artificial neural networks (ANN), support vector machines (SVM), naive bayes (NB), and random forest (RF). In this study, the eight technical indicators are used, and then the deterministic trend layer is used to translate the indications into trend signals. The principal component analysis (PCA) method is then applied to this deterministic trend signal. This study's main influence is using the PCA technique to find the essential components from multiple technical indicators affecting stock prices to reduce data dimensionality and improve model performance. As a result, a PCA-machine learning (ML) hybrid forecasting model was proposed. The experimental findings suggest that the technical factors are signified as trend signals and that the PCA approach combined with ML models outperforms the comparative models in prediction performance. Utilizing the first three principal components (percentage of explained variance=80%), experiments on the Nifty 50 index show that support vector classifer (SVC) with radial basis function (RBF) kernel achieves good accuracy of (0.9968) and F1-score (0.9969), and the RF model achieves an accuracy of (0.9969) and F1-Score (0.9968). In area under the curve (AUC) performance, SVC (RBF and Linear kernels) and RF have AUC scores of 1.
Co-Authors Balamurugan Marimuthu Bikramaditya Ghosh