Chicken or Egg: Relationship between LinkedIn posts by HuggingFace employees and Nvidia Stock Price
Oddly correlated - are they symbiotic?
Found a peculiar relationship: the connection between Nvidia's stock price and the emoji usage in LinkedIn posts by HuggingFace employees.
Methodology
Data Collection
Source: Public LinkedIn posts from HuggingFace employees (did not account for any shift from new employees joining or employees leaving)
Timeframe: One year of weekly observations, back from Aug 26 2024
Metrics:
Average number of emojis per post
Nvidia's stock closing price at the end of each week
Example of Emoji Definition in LinkedIn Post:
Post above contains 10 emojis (did not count emojis in employee role description).
Key Findings
Odd chart, code avail here
Did not remove outliers, but the calculated R² value of .99 suggests a strong correlation between these seemingly unrelated variables.
Open question:
Sentiment wasn’t taken into account - it’s assumed it’s overall positive. Since correlation does not equal causation, it opens a question of if/how symbiotic this might be (e.g. is the stock prices causing emojis to increase or are the emojis generating increases in the stock price - or neither?)