The "Overall risk and sentiment" CSV file contains the unconstrained counts of risk and sentiment, which can be merged with any search result using the variable earningscallID
.
In particular, Overall Risk and Overall Sentiment are defined as follows:
Overall Risk=∑s1(at least one risk synonym in s)
Overall Positive Sentiment=∑s1(at least one positive sentiment word in s)
Overall Negative Sentiment=∑s1(at least one negative sentiment word in s)
Overall Sentiment=Overall Positive Sentiment−Overall Negative Sentiment
Our clients have found these additional metrics helpful because they can be used to calculate the share of a given topic in risk or sentiment mentions. For example, the Risk from a search for inflation-related terms could be divided by Overall Risk to obtain the fraction of risk-related sentences with inflation mentions in the total number of risk-related sentences.