{"about":{"site":"https://codewithpapers.app","non_affiliation":"Code with Papers and Syntology are not affiliated with, endorsed by, or sponsored by Papers with Code, Meta, or the pwc-archive mirror.","licence":"CC BY-SA 4.0","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","attribution":"https://codewithpapers.app/attribution","modified":"archive material modified by Syntology; see the attribution page"},"url":"/paper/a-multimodal-embedding-based-approach-to","title":"A Multimodal Embedding-Based Approach to Industry Classification in Financial Markets","arxiv_id":"2211.06378","date":"2022-11-11","proceeding":null,"authors":["Rian Dolphin","Barry Smyth","Ruihai Dong"],"abstract":"Industry classification schemes provide a taxonomy for segmenting companies based on their business activities. They are relied upon in industry and academia as an integral component of many types of financial and economic analysis. However, even modern classification schemes have failed to embrace the era of big data and remain a largely subjective undertaking prone to inconsistency and misclassification. To address this, we propose a multimodal neural model for training company embeddings, which harnesses the dynamics of both historical pricing data and financial news to learn objective company representations that capture nuanced relationships. We explain our approach in detail and highlight the utility of the embeddings through several case studies and application to the downstream task of industry classification.","url_abs":"https://arxiv.org/abs/2211.06378v1","url_pdf":"https://arxiv.org/pdf/2211.06378v1.pdf","source":{"archive":"pwc-archive (Hugging Face), CC BY-SA 4.0","snapshot":"2025-07-28","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","row_kind":"abstracts"},"code_links":[{"paper_slug":"a-multimodal-embedding-based-approach-to","repo_url":"https://github.com/rian-dolphin/stock-embeddings","is_official":0,"mentioned_in_paper":0,"mentioned_in_github":1,"framework":"pytorch","reach":null}],"tasks":[{"task_slug":"classification-1","task_name":"Classification"}],"methods":[],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"atlas_url":null,"mcp":null,"developers":"https://syntology.ai/developers"},"arxiv_metadata":null,"syntology_extracted_results":null}