Visualising and Forecasting Stocks Using Dash
Visualising and Forecasting Stocks Using Dash
Lab Name:DATA SCIENCE –BIG DATA Name & Signature of the Faculty In
ANALYTICS LAB charge with the date
(In case of Faculty belonging to any special lab)
Add process flow chart or simulated image of prototype or any relevant image related to your idea
Idea/Approach Details
Problem Statement
The problem at hand pertains to the need for investors to access comprehensive stock information and forecasts conveniently. Stock investments, while
offering substantial returns, are inherently volatile. Investors require the ability to visualize share prices and various statistical metrics to make informed
investment decisions. However, traditional tools and data sources may not provide an integrated platform for this purpose.
Proposed Solution
The proposed solution involves developing a single-page web application using the Dash framework, a Python-based framework. This application will serve as a
one-stop solution for investors to access a wealth of information about companies, including their logos, registered names, and descriptions. Users will also be able to
input stock codes and obtain dynamic stock price plots. The project will additionally incorporate a machine learning model for predicting stock prices based on
user-provided dates.
METHODOLOGY
STEP 1 :
Develop the core structure of the web application using Dash HTML Components and Dash Core Components. This will create the foundation for the
application's user interface.
STEP 2 :
Improve the user interface by applying CSS styling, ensuring a visually appealing and user-friendly design.
STEP 3 :
Generate dynamic data plots with the Plotly library in Python. These plots will be based on financial data obtained from the Python library.
STEP 4:
Implement a machine learning model to predict stock prices for specific dates input by the user. This will involve the use of historical data for prediction.
STEP 5:
➢ Company Information Display: The application will showcase company details, including logos, registered names, and descriptions, making it easier
for investors to understand and evaluate investment opportunities.
⮚ Dynamic Stock Plots: Users can input stock codes to generate dynamic stock price plots, facilitating data-driven investment decisions.
⮚ Stock Price Forecasting: The incorporation of a machine learning model enables users to predict stock prices for future dates, enhancing
investment planning.
Describe your required technologies / facilities to complete the prescribe work here
❖ Dash Framework: Utilized to create the web application's structure, incorporating Dash HTML Components and Dash Core Components.
❖ CSS Styling: Applied to enhance the user interface's visual appeal and usability.
❖ Plotly Library: Employed for dynamic data visualization, allowing the generation of interactive and informative stock price plots.
❖ Python Library: Utilized to fetch financial data for visualization and prediction.
❖ Machine Learning Models: Developed for stock price forecasting, requiring the use of Python libraries like scikit-learn.