6 Advanced Reddit Analysis and Research Tools for Gaining Capital Market Insights

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Reddit has emerged as an important information hub and forum for the investment world in recent years. Various subreddits, with hundreds of thousands to millions of participants, contain discussions, analysis, updates, and cause market manipulation, such as meme stocks(stocks that spike due to a trend on social networks and not for economic performance), like GameStop and AMC.

In general, these groups, beyond the ‘underground’ activities that occur in some, provide analysis, recommendations, and diverse information about companies, stocks, and markets, and provide an interesting and unique glimpse at the behavior and interests of so many traders.

You can use the following advanced Reddit tools to research the site in great detail. Monitor, reveal trends, and gain unique insights from the information flowing in the different subreddits:

Search & Monitor

First of all, we want to locate the relevant subreddits, and understand how we can monitor them regularly. Although Reddit has its own search interface, it is quite difficult to get acquainted with and find the exact information that interests us. For this purpose we can use 3 tools:

redditsearch.io

An advanced search engine for Reddit, with a simple and clean design that allows you to search for concepts in posts or comments, and filter by date, sources, quality of posts, and more.

We can export the top subreddits, and identify the ones with the most relevant potential for us.

redditsearch.io interface
redditsearch.io interface

yasiv.com

This tool provides advanced visualization of subreddits. When searching for the keywords that interest us (stock symbols, or simply words associated with the capital market), we will find the top subreddits and their relationships.

When we click on one of the objects, a sidebar will appear with more information about the subreddit and its recent posts.

subreddits visualization in Yasiv.com
subreddits visualization in Yasiv.com

Tradint.io

Rather than making you spend a lot of time searching, we have compiled the 22 leading subreddits (based on the number of participants and discussion quality) that are regularly monitored and displayed their information in a unified feed.

Using tradint.io’s unified feed, you will be able to get regular updates on what is happening in all subreddits instead of researching each one individually.

tradint.io’s unified reddit feed
tradint.io’s unified reddit feed

Mapping, Analysis & Trends

Having located the key and relevant subreddits, we will now want to map and analyze them in-depth, so that we can export insights, identify trends, and uncover the big picture found in them. Considering there are thousands of posts a day, it will be difficult to do it manually, but a number of very powerful tools will make it much easier:

Redective.com

Easy to use, with a clean interface, it allows you to analyze users or subreddits in terms of word frequency, hours of operation, and more. We can use the information presented to identify when the group has been most active, and what mainly engages them (the number of times a word is mentioned).

words frequencies of the subreddit
words frequencies of the subreddit

socialgrep.com

A powerful and super-smart version of the previous tool. Search for keywords (stock names, terms, etc.) and see the places where they appear, along with which companies, how often they appeared, and even what the sentiment of the comments (emotion) was.

Furthermore, it allows you to search for a subreddit and view a detailed analysis of the companies mentioned, the people, the top sources of information, average responses and ratings, sentiment, and more. Similar to the previous tool, it shows the data for the last week, but also offers an API through which data can be retrieved going back to 2010 (available in a free version and a fuller paid version).

/r/stocks analysis on socialgrep.com
/r/stocks analysis on socialgrep.com

smat-app.com

Beyond identifying the prominent stocks this week, or the key issues that concern traders, we’d like to be able to identify long-term trends, export the data, and test how they correlate with stocks or other assets. We would be able to create trading signals that could also be used for algorithmic trading based on them.

Using the Timeline tool, we will be able to see the frequency of keyword occurrence over time (possibly years ago), at time intervals of our choice (daily, weekly, monthly, etc.).

Along with Reddit, we can also compare the frequency of words appearing on other social networks. Additionally, at the bottom of the page, we may download the data to a CSV file for further analysis using statistical methods to identify correlations.

GME stock’s mentions frequency on Reddit
GME stock’s mentions frequency on Reddit

In Conclusion

Reddit is an excellent and valuable source of information with reference to companies and stock markets, and especially for analyzing traders’ behavior. The right tools will allow us to transform from ordinary browsers, overwhelmed by the mountains of scattered information, into experienced Tradint researchers capable of identifying trends, generating insights, and formulating unique signals.

In addition to what we have presented here, there are many other tools, and advanced methods for collecting, analyzing, and researching Reddit content. Try to formulate the best toolbox for you.

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