arXiv subjects

Andres Azqueta-Gavaldon

Publications and source records attributed to Andres Azqueta-Gavaldon.

4 recordsLinked to original sources

arXiv2026

Biodiversity Media Narratives and Stock Market Performance: Evidence from Europe

This study constructs novel biodiversity related media risk indicators for France, Germany, Italy, and Spain over 2015-2025, capturing media attention to biodiversity threats using the GDELT Global Knowledge Graph. Using panel Granger causality tests and an augmented inverse probability weighting (AIPW) event-study design, we find highly significant evidence that biodiversity risk reduces stock prices, with effects peaking between 3 and 10 months after a shock. Moreover, we uncover a marked asymmetry whereby the positive effects of low biodiversity risk episodes outweigh the negative effects of high-risk episodes. Results are robust across quantiles of the return distribution and hold when controlling for European equity market volatility and economic policy uncertainty. Our findings provide the first evidence that biodiversity media narratives drive stock market valuations in Europe.

econ.EM↗

arXiv2026

CausalAlpha: A Real-Time Geopolitical Risk Index from OSINT Channels for Causal Discovery in Financial Markets

We introduce CausalAlpha, an open-source framework that constructs a high-frequency Geopolitical Risk (GPR) index from Telegram OSINT channels using natural language processing, and applies causal discovery methods to identify the directed causal structure between geopolitical uncertainty and financial market variables. Unlike standard sentiment indices or Granger-causality approaches, CausalAlpha employs the Peter-Clark (PC) algorithm to recover the directed acyclic graph (DAG) of causal dependencies between five category-specific GPR indicators and a set of financial variables spanning commodity prices, equity indices, and credit instruments, estimated across four DAG specifications and three significance levels with 500 block-bootstrap resamples. Two findings emerge as globally robust across all DAG specifications at alpha = 0.10: political instability and energy media coverage independently and causally precede conflict coverage, establishing conflict as the primary causal sink of geopolitical narrative escalation in real-time OSINT channels. At the strictest significance level (alpha = 0.05), conflict coverage causally precedes energy sector equity returns (delta XLE), consistent with geopolitical escalation transmitting to energy markets. A Structural VAR on the core macro panel confirms that dynamic transmission from geopolitical NLP signals to financial market prices is statistically weak at daily frequency, suggesting that geopolitical news signals operate primarily within the media narrative system. The framework is deployed as a production application on Google Cloud Run with automated data collection and index construction, representing a step toward real-time macrofinancial risk monitoring using OSINT.

econ.EM↗

arXiv2022

Similarity-based prediction of Ejection Fraction in Heart Failure Patients

Biomedical research is increasingly employing real world evidence (RWE) to foster discoveries of novel clinical phenotypes and to better characterize long term effect of medical treatments. However, due to limitations inherent in the collection process, RWE often lacks key features of patients, particularly when these features cannot be directly encoded using data standards such as ICD-10. Here we propose a novel data-driven statistical machine learning approach, named Feature Imputation via Local Likelihood (FILL), designed to infer missing features by exploiting feature similarity between patients. We test our method using a particularly challenging problem: differentiating heart failure patients with reduced versus preserved ejection fraction (HFrEF and HFpEF respectively). The complexity of the task stems from three aspects: the two share many common characteristics and treatments, only part of the relevant diagnoses may have been recorded, and the information on ejection fraction is often missing from RWE datasets. Despite these difficulties, our method is shown to be capable of inferring heart failure patients with HFpEF with a precision above 80% when considering multiple scenarios across two RWE datasets containing 11,950 and 10,051 heart failure patients. This is an improvement when compared to classical approaches such as logistic regression and random forest which were only able to achieve a precision < 73%. Finally, this approach allows us to analyse which features are commonly associated with HFpEF patients. For example, we found that specific diagnostic codes for atrial fibrillation and personal history of long-term use of anticoagulants are often key in identifying HFpEF patients.

cs.LG↗

arXiv2020

Developing a real estate yield investment deviceusing granular data and machine learning

This project aims at creating an investment device to help investors determine which real estate units have a higher return to investment in Madrid. To do so, we gather data from Idealista.com, a real estate web-page with millions of real estate units across Spain, Italy and Portugal. In this preliminary version, we present the road map on how we gather the data; descriptive statistics of the 8,121 real estate units gathered (rental and sale); build a return index based on the difference in prices of rental and sale units(per neighbourhood and size) and introduce machine learning algorithms for rental real estate price prediction.

q-fin.GN↗