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Wsb Attention Alpha

Updated dailyData needs: lowlong onlyshort onlylong short
RFS
2023
Review of Financial Studies
#98 wsb_attention_alpha — Cookson-Engelberg-Mullins 2023 RFS + Da-Engelberg-Gao 2011 JF social-media extension.
Citation only, paper link pending.

In plain terms

When WallStreetBets suddenly piles into a name AND the chart is already trending up, that's a 2-5 day continuation. When they pile in and the chart isn't cooperating, ride the fade once the noise dies down a week later.

How it works

ApeWisdom aggregates daily mentions from r/WallStreetBets and adjacent retail subreddits. Two distinct sub-edges: (a) mention spike + uptrend → 2-5 day continuation (squeeze-setup tail, Cookson-Engelberg-Mullins 2023 RFS); (b) mention spike with no uptrend → 5-20 day mean-reversion (attention-tax tail, Da-Engelberg-Gao 2011 JF social-media extension). We use own-name 60d trend to route between the two regimes.

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.
Loading substrate evidence…

Data dependencies

  • Wsb mentions

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

Expected edge

Reported return
Continuation 2-3% over 5d; fade 4-7% over 15d (era-dependent)
Tested over
2018-2024

Continuation tail: 2-3% over 5d on squeeze setups; fade tail: 4-7% short premium on post-spike reversion in the 2021-2024 retail era.

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 Wsb Attention Alpha 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