AlphaFin: Benchmarking Financial Analysis with Retrieval-Augmented Stock-Chain Framework

Xiang Li, Zhenyu Li, Chen Shi, Yong Xu, Qing Du, Mingkui Tan, Jun Huang


Abstract
The task of financial analysis primarily encompasses two key areas: stock trend prediction and the corresponding financial question answering. Currently, machine learning and deep learning algorithms (ML&DL) have been widely applied for stock trend predictions, leading to significant progress. However, these methods fail to provide reasons for predictions, lacking interpretability and reasoning processes. Also, they can not integrate textual information such as financial news or reports. Meanwhile, large language models (LLM) have remarkable textual understanding and generation ability. But due to the scarcity of financial training datasets and limited integration with real-time knowledge, LLM still suffer from hallucinations and unable to keep up with the latest information. To tackle these challenges, we first release AlphaFin datasets, combining traditional research datasets, real-time financial data, and handwritten chain-of-thought (CoT) data. It has positive impact on training LLM for completing financial analysis. We then use AlphaFin datasets to benchmark a state-of-the-art method, called Stock-Chain, for effectively tackling the financial analysis task, which integrates retrieval-augmented generation (RAG) techniques. Extensive experiments are conducted to demonstrate the effectiveness of our framework on financial analysis.
Anthology ID:
2024.lrec-main.69
Volume:
Proceedings of the 2024 Joint International Conference on Computational Linguistics, Language Resources and Evaluation (LREC-COLING 2024)
Month:
May
Year:
2024
Address:
Torino, Italia
Editors:
Nicoletta Calzolari, Min-Yen Kan, Veronique Hoste, Alessandro Lenci, Sakriani Sakti, Nianwen Xue
Venues:
LREC | COLING
SIG:
Publisher:
ELRA and ICCL
Note:
Pages:
773–783
Language:
URL:
https://aclanthology.org/2024.lrec-main.69
DOI:
Bibkey:
Cite (ACL):
Xiang Li, Zhenyu Li, Chen Shi, Yong Xu, Qing Du, Mingkui Tan, and Jun Huang. 2024. AlphaFin: Benchmarking Financial Analysis with Retrieval-Augmented Stock-Chain Framework. In Proceedings of the 2024 Joint International Conference on Computational Linguistics, Language Resources and Evaluation (LREC-COLING 2024), pages 773–783, Torino, Italia. ELRA and ICCL.
Cite (Informal):
AlphaFin: Benchmarking Financial Analysis with Retrieval-Augmented Stock-Chain Framework (Li et al., LREC-COLING 2024)
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PDF:
https://aclanthology.org/2024.lrec-main.69.pdf