Inspiration
We wanted to build an interactive website for traders, financial analysts, and even the common public to view and understand the correlation between the stock price and trading of a company by its insiders. All company employees have to file a SEC form 4 whenever they are buying stock of their own company. These SEC forms are available publically to everyone and can be extremely useful to choose your next stock. Business owners, Board of Directors, and employees may a massive role in the rise and fall of its stock price. Being able to take advantage of inside news legally through SEC forms can be helpful to choose the perfect stocks for investors.
What it does
TRADIFY is a web application that scrapes the latest SEC Form 4 reportings and finds the largest insider trades with the most value. It then shows the graphs of the stock price vs time and insider buying vs time so that users can see if there is a strong correlation between the two. It also calculates the correlation coefficient "r" to give a better idea to those who are familiar with some statistical analysis.
How we built it
We scraped SEC form reportings using BeautifulSoup and Pandas. Created plots for stock prices and insider buying using Matplotlib. Developed the website with HTML, CSS, JavaScript, and Bootstrap.
Challenges we ran into
Scraping the SEC form 4s was really hard to figure out.
What we learned
We learned a lot about web scraping and the stock market!
What's next for TRADIFY
Provide more in-depth statistics to allow users to make the best stock picks and investment strategies!
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