Nostradamus: Weathering Worth

12/08/2022

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by   Alapan Chaudhuri, et al.

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Nostradamus, inspired by the French astrologer and reputed seer, is a detailed study exploring relations between environmental factors and changes in the stock market. In this paper, we analyze associative correlation and causation between environmental elements and stock prices based on the US financial market, global climate trends, and daily weather records to demonstrate significant relationships between climate and stock price fluctuation. Our analysis covers short and long-term rises and dips in company stock performances. Lastly, we take four natural disasters as a case study to observe their effect on the emotional state of people and their influence on the stock market.