Economy & PolicyExtended setexperimental liveNew

Gdelt Event Density Volatility

Updated dailyData needs: lowshort only
paper
2017
Source
Extends: Bali, T.G., Brown, S.J., Tang, Y. (2017). "Is economic uncertainty priced in the cross-section of stock returns?" Journal of Financial and Quantitative Analysis 52(6). Also Bloom, N. (2009). "The impact of uncertainty shocks." Econometrica 77(3). GDELT event-density as uncertainty proxy is novel (alphactor 2026-05-20).
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In plain terms

When global news event volume spikes 2σ above baseline, realized volatility is about to rise — under-weight (short) cyclical and high-beta names for 3-10 days.

How it works

GDELT global event density (events/day, world-aggregate) is a high-frequency proxy for macro uncertainty. Bloom 2009 + Bali-Brown-Tang 2017 show that macro-uncertainty z-scores predict near-term realized-vol. We use GDELT density as a vol-forecast gate: elevated global event density predicts elevated realized vol → short-bias risk-off position on the cyclical / high-beta basket; serves as a position-sizing gate for other families.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • Gdelt country tone

    A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Reported return
-0.5% to -2.0% over 10d
Tested over
T+0 to T+10d

Target -50 to -200 bps over 10d on qualifying fires; doubles as a position-size gate.

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

Explore Gdelt Event Density Volatility on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more