MiMIC: Multi-Modal Indian Earnings Calls Dataset to Predict Stock Prices

• URL: http://arxiv.org/abs/2504.09257v1
• Date: Sat, 12 Apr 2025 15:31:40 GMT
• Title: MiMIC: Multi-Modal Indian Earnings Calls Dataset to Predict Stock Prices
• Authors: Sohom Ghosh, Arnab Maji, Sudip Kumar Naskar,
• Abstract summary: This study investigates the impact of corporate earnings calls on stock prices by introducing a multi-modal predictive model.<n>We leverage textual data from earnings call transcripts, along with images and tables from accompanying presentations, to forecast stock price movements.<n>We present a multimodal analytical framework that integrates quantitative variables with predictive signals derived from textual and visual modalities.
• Score: 0.21301560294088315
• License: http://creativecommons.org/licenses/by-nc-sa/4.0/
• Abstract: Predicting stock market prices following corporate earnings calls remains a significant challenge for investors and researchers alike, requiring innovative approaches that can process diverse information sources. This study investigates the impact of corporate earnings calls on stock prices by introducing a multi-modal predictive model. We leverage textual data from earnings call transcripts, along with images and tables from accompanying presentations, to forecast stock price movements on the trading day immediately following these calls. To facilitate this research, we developed the MiMIC (Multi-Modal Indian Earnings Calls) dataset, encompassing companies representing the Nifty 50, Nifty MidCap 50, and Nifty Small 50 indices. The dataset includes earnings call transcripts, presentations, fundamentals, technical indicators, and subsequent stock prices. We present a multimodal analytical framework that integrates quantitative variables with predictive signals derived from textual and visual modalities, thereby enabling a holistic approach to feature representation and analysis. This multi-modal approach demonstrates the potential for integrating diverse information sources to enhance financial forecasting accuracy. To promote further research in computational economics, we have made the MiMIC dataset publicly available under the CC-NC-SA-4.0 licence. Our work contributes to the growing body of literature on market reactions to corporate communications and highlights the efficacy of multi-modal machine learning techniques in financial analysis.

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