An Analysis On The Link Between Crude Oil And Technology
Abstract
This paper examines the relationship between crude oil and technology stock prices particularly focusing on crudeoil’s predictive capabilities using the Long Short Term Memory(LSTM) models. At first we conduct a descriptive analysis byidentifying two distinct trends regarding the correlation between oil and tech stock prices: A strong negative correlation before2016 and a relatively weaker positive correlation after 2016. Wethen develop an LSTM model to forecast technology stock prices based on historical crude oil price data. The performance of the model is evaluated using the Mean Absolute Error (MAE), MeanAbsolute Percentage Error (MAPE) and R2 score. Although it generally shows good forecasting power, the LSTM model struggles during periods of high trade volume and volatility,which introduces outliers and reduces forecast accuracy. Despitethis, the model shows that oil prices can be used as a valuable indicator in predicting trends of the technology sector and possibly with additional enhancements such as more training data and computational power, the forecasting capabilities of such models can be improved even in volatile market conditions.This study also shows us that there is potential benefits in using alternative economic indicators such as oil prices to inform investment strategies in the technology sector.
Keywords
References
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Details
Primary Language
English
Subjects
Machine Learning Algorithms, Data Analysis
Journal Section
Research Article
Early Pub Date
June 30, 2025
Publication Date
June 30, 2025
Submission Date
May 14, 2025
Acceptance Date
June 21, 2025
Published in Issue
Year 2025 Volume: 2 Number: 1
APA
Bacaksız, M. B., & Üregil, Ş. (2025). An Analysis On The Link Between Crude Oil And Technology. Transactions on Computer Science and Applications, 2(1), 59-68. https://izlik.org/JA74WK76KY
AMA
1.Bacaksız MB, Üregil Ş. An Analysis On The Link Between Crude Oil And Technology. TCSA. 2025;2(1):59-68. https://izlik.org/JA74WK76KY
Chicago
Bacaksız, Mustafa Berk, and Şahin Üregil. 2025. “An Analysis On The Link Between Crude Oil And Technology”. Transactions on Computer Science and Applications 2 (1): 59-68. https://izlik.org/JA74WK76KY.
EndNote
Bacaksız MB, Üregil Ş (June 1, 2025) An Analysis On The Link Between Crude Oil And Technology. Transactions on Computer Science and Applications 2 1 59–68.
IEEE
[1]M. B. Bacaksız and Ş. Üregil, “An Analysis On The Link Between Crude Oil And Technology”, TCSA, vol. 2, no. 1, pp. 59–68, June 2025, [Online]. Available: https://izlik.org/JA74WK76KY
ISNAD
Bacaksız, Mustafa Berk - Üregil, Şahin. “An Analysis On The Link Between Crude Oil And Technology”. Transactions on Computer Science and Applications 2/1 (June 1, 2025): 59-68. https://izlik.org/JA74WK76KY.
JAMA
1.Bacaksız MB, Üregil Ş. An Analysis On The Link Between Crude Oil And Technology. TCSA. 2025;2:59–68.
MLA
Bacaksız, Mustafa Berk, and Şahin Üregil. “An Analysis On The Link Between Crude Oil And Technology”. Transactions on Computer Science and Applications, vol. 2, no. 1, June 2025, pp. 59-68, https://izlik.org/JA74WK76KY.
Vancouver
1.Mustafa Berk Bacaksız, Şahin Üregil. An Analysis On The Link Between Crude Oil And Technology. TCSA [Internet]. 2025 Jun. 1;2(1):59-68. Available from: https://izlik.org/JA74WK76KY