NDT: Non-Differential Transformer and Its Application to Sentiment Analysis

From customer feedback to social media, understanding human sentiment in text is central to how machines can interact meaningfully with people. However, despite notable progress, accurately capturing sentiment remains a challenging task, which continues to motivate further research in this area. To this end, we introduce Non-Differential Transformer (NDT). It is inspired by (but in contrast to) the state-of-the-art Differential Transformer (DT) model. While standard Transformers can struggle with irrelevant context, the sota DT model uses attention map subtraction, potentially for noise cancellation. We explore an alternative motivation, hypothesizing that benefits may arise from enabling different attention components to specialize on distinct concepts within the text, similar to multiplexing information channels or mixture models, rather than primarily canceling noise via subtraction. Guided by this concept-multiplexing (ConPlex) view, the specific architecture presented in this paper employs a purely additive strategy. It uses only positive weights, learned during training, to ensure constructive combination of these specialized attention perspectives. This design choice explores positive only integration, though our broader framework also shows promise with less constrained linear combinations involving both positive and negative weights. Our model computes attention via this positively weighted sum of multiple distinct attention maps. This allows the model to constructively integrate diverse signals and potentially capture more complex contextual relationships. Competitive performance is achieved by the proposed model for Sentiment Analysis while tested on multiple datasets. We conclude by presenting our results, challenges and future research agenda in this important area of research.

Designing Agentic AI-Based Screening for Portfolio Investment

We introduce a new agentic artificial intelligence (AI) platform for portfolio management. Our architecture consists of three layers. First, two large language model (LLM) agents are assigned specialized tasks: one agent screens for firms with desirable fundamentals, while a sentiment analysis agent screens for firms with desirable news. Second, these agents deliberate to generate and agree upon buy and sell signals from a large portfolio, substantially narrowing the pool of candidate assets. Finally, we apply a high-dimensional precision matrix estimation procedure to determine optimal portfolio weights. A defining theoretical feature of our framework is that the number of assets in the portfolio is itself a random variable, realized through the screening process. We introduce the concept of sensible screening and establish that, under mild screening errors, the squared Sharpe ratio of the screened portfolio consistently estimates its target. Empirically, our method achieves superior Sharpe ratios relative to an unscreened baseline portfolio and to conventional screening approaches, evaluated on S&P 500 data over the period 2020--2024.

Algorithmic Trading Strategy Development and Optimisation

The report presents with the development and optimisation of an enhanced algorithmic trading strategy through the use of historical S&P 500 market data and earnings call sentiment analysis. The proposed strategy integrates various technical indicators such as moving averages, momentum, volatility, and FinBERT-based sentiment analysis to improve overall trades being taken. The results show that the enhanced strategy significantly outperforms the baseline model in terms of total return, Sharpe ratio, and drawdown amongst other factors. The findings helped demonstrate the relevance and effectiveness of combining technical indicators, sentiment analysis, and computational optimisation in algorithmic trading systems.

Hierarchical Kernel Transformer: Multi-Scale Attention with an Information-Theoretic Approximation Analysis

The Hierarchical Kernel Transformer (HKT) is a multi-scale attention mechanism that processes sequences at L resolution levels via trainable causal downsampling, combining level-specific score matrices through learned convex weights. The total computational cost is bounded by 4/3 times that of standard attention, reaching 1.3125x for L = 3. Four theoretical results are established. (i) The hierarchical score matrix defines a positive semidefinite kernel under a sufficient condition on the symmetrised bilinear form (Proposition 3.1). (ii) The asymmetric score matrix decomposes uniquely into a symmetric part controlling reciprocal attention and an antisymmetric part controlling directional attention; HKT provides L independent such pairs across scales, one per resolution level (Propositions 3.5-3.6). (iii) The approximation error decomposes into three interpretable components with an explicit non-Gaussian correction and a geometric decay bound in L (Theorem 4.3, Proposition 4.4). (iv) HKT strictly subsumes single-head standard attention and causal convolution (Proposition 3.4). Experiments over 3 random seeds show consistent gains over retrained standard attention baselines: +4.77pp on synthetic ListOps (55.10+-0.29% vs 50.33+-0.12%, T = 512), +1.44pp on sequential CIFAR-10 (35.45+-0.09% vs 34.01+-0.19%, T = 1,024), and +7.47pp on IMDB character-level sentiment (70.19+-0.57% vs 62.72+-0.40%, T = 1,024), all at 1.31x overhead.

Real Talk, Virtual Faces: A Formal Concept Analysis of Personality and Sentiment in Influencer Audiences

Virtual influencers~(VIs) -- digitally synthetic social-media personas -- attract audiences whose discourse appears qualitatively different from discourse around human influencers~(HIs). Existing work characterises this difference through surveys or aggregate engagement statistics, which reveal \emph{what} audiences say but not \emph{how} multiple signals co-occur. We propose a two-layer, structure-first framework grounded in Formal Concept Analysis~(FCA) and association rule mining. The first layer applies FCA with support-based iceberg filtering to weekly-aggregated comment data, extracting discourse profiles -- weekly co-occurrence bundles of sentiment, Big Five personality cues, and topic tags. The second layer mines association rules at the comment level, revealing personality--sentiment--topic dependencies invisible to frequency-table analysis. Applied to YouTube comments from three VI--HI influencer pairs, the two-layer analysis reveals a consistent structural divergence: HI discourse concentrates into a single, emotionally regulated (stability-centred) regime (low neuroticism anchoring positivity), while VI discourse supports three structurally distinct discourse modes, including an appearance-discourse cluster absent from HI despite near-equal marginal prevalence. Topic-specific analyses further show that VI contexts exhibit negative sentiment in psychologically sensitive domains (mental health, body image, artificial identity) relative to HI contexts. Our results position FCA as a principled tool for multi-signal discourse analysis and demonstrate that virtuality reshapes not just what audiences say, but the underlying grammar of how signals co-occur in their reactions.

AlignMamba-2: Enhancing Multimodal Fusion and Sentiment Analysis with Modality-Aware Mamba

In the era of large-scale pre-trained models, effectively adapting general knowledge to specific affective computing tasks remains a challenge, particularly regarding computational efficiency and multimodal heterogeneity. While Transformer-based methods have excelled at modeling inter-modal dependencies, their quadratic computational complexity limits their use with long-sequence data. Mamba-based models have emerged as a computationally efficient alternative; however, their inherent sequential scanning mechanism struggles to capture the global, non-sequential relationships that are crucial for effective cross-modal alignment. To address these limitations, we propose \textbf{AlignMamba-2}, an effective and efficient framework for multimodal fusion and sentiment analysis. Our approach introduces a dual alignment strategy that regularizes the model using both Optimal Transport distance and Maximum Mean Discrepancy, promoting geometric and statistical consistency between modalities without incurring any inference-time overhead. More importantly, we design a Modality-Aware Mamba layer, which employs a Mixture-of-Experts architecture with modality-specific and modality-shared experts to explicitly handle data heterogeneity during the fusion process. Extensive experiments on four challenging benchmarks, including dynamic time-series (on the CMU-MOSI and CMU-MOSEI datasets) and static image-related tasks (on the NYU-Depth V2 and MVSA-Single datasets), demonstrate that AlignMamba-2 establishes a new state-of-the-art in both effectiveness and efficiency across diverse pattern recognition tasks, ranging from dynamic time-series analysis to static image-text classification.

Triangulating Temporal Dynamics in Multilingual Swiss Online News

Analyzing news coverage in multilingual societies can offer valuable insights into the dynamics of public discourse and the development of collective narratives, yet comprehensive studies that account for linguistic and cultural diversity within national media ecosystems remain limited, particularly in complex contexts such as Switzerland. This paper studies temporal trends in Swiss digital media across the country's three main linguistic regions, French, German, and Italian, using a triangulated methodology that combines quantitative analyses with qualitative insights. We collected and processed over 1.7 million news articles, applying lexical metrics, named entity recognition and Wikidata-based linking, targeted sentiment analysis, and consensus-based change-point detection. To enable principled cross-language comparisons and to connect to theories of domestication and cultural proximity, we derive domestication profiles together with a proximity salience ratio. Our analysis spans thematic, recurrent, and singular events. By integrating quantitative data with qualitative interpretation, we provide new insights into the dynamics of Swiss digital media and demonstrate the usefulness of triangulation in media studies. The findings reveal distinct temporal patterns and highlight how linguistic and cultural contexts influence reporting. Our approach offers a framework applicable to other multilingual or culturally diverse media environments, contributing to a deeper understanding of how news is shaped by linguistic and cultural factors.

DanceHA: A Multi-Agent Framework for Document-Level Aspect-Based Sentiment Analysis

Aspect-Based Sentiment Intensity Analysis (ABSIA) has garnered increasing attention, though research largely focuses on domain-specific, sentence-level settings. In contrast, document-level ABSIA--particularly in addressing complex tasks like extracting Aspect-Category-Opinion-Sentiment-Intensity (ACOSI) tuples--remains underexplored. In this work, we introduce DanceHA, a multi-agent framework designed for open-ended, document-level ABSIA with informal writing styles. DanceHA has two main components: Dance, which employs a divide-and-conquer strategy to decompose the long-context ABSIA task into smaller, manageable sub-tasks for collaboration among specialized agents; and HA, Human-AI collaboration for annotation. We release Inf-ABSIA, a multi-domain document-level ABSIA dataset featuring fine-grained and high-accuracy labels from DanceHA. Extensive experiments demonstrate the effectiveness of our agentic framework and show that the multi-agent knowledge in DanceHA can be effectively transferred into student models. Our results highlight the importance of the overlooked informal styles in ABSIA, as they often intensify opinions tied to specific aspects.

SenseAI: A Human-in-the-Loop Dataset for RLHF-Aligned Financial Sentiment Reasoning

We introduce SenseAI, a human-in-the-loop (HITL) validated financial sentiment dataset designed to capture not only model outputs but the full reasoning process behind them. Unlike existing resources, SenseAI incorporates reasoning chains, confidence scores, human correction signals, and real-world market outcomes, providing a structure aligned with Reinforcement Learning from Human Feedback (RLHF) paradigms. The dataset consists of 1,439 labelled data points across 40 US-listed equities and 13 financial data categories, enabling direct integration into modern LLM fine-tuning pipelines. Through analysis, we identify several systematic patterns in model behavior, including a novel failure mode we term Latent Reasoning Drift, where models introduce information not grounded in the input, as well as consistent confidence miscalibration and forward projection tendencies. These findings suggest that LLM errors in financial reasoning are not random but occur within a predictable and correctable regime, supporting the use of structured HITL data for targeted model improvement. We discuss implications for financial AI systems and highlight opportunities for applying SenseAI in model evaluation and alignment.

Enhancing Hyperspace Analogue to Language (HAL) Representations via Attention-Based Pooling for Text Classification

The Hyperspace Analogue to Language (HAL) model relies on global word co-occurrence matrices to construct distributional semantic representations. While these representations capture lexical relationships effectively, aggregating them into sentence-level embeddings via standard mean pooling often results in information loss. Mean pooling assigns equal weight to all tokens, thereby diluting the impact of contextually salient words with uninformative structural tokens. In this paper, we address this limitation by integrating a learnable, temperature-scaled additive attention mechanism into the HAL representation pipeline. To mitigate the sparsity and high dimensionality of the raw co-occurrence matrices, we apply Truncated Singular Value Decomposition (SVD) to project the vectors into a dense latent space prior to the attention layer. We evaluate the proposed architecture on the IMDB sentiment analysis dataset. Empirical results demonstrate that the attention-based pooling approach achieves a test accuracy of 82.38%, yielding an absolute improvement of 6.74 percentage points over the traditional mean pooling baseline (75.64%). Furthermore, qualitative analysis of the attention weights indicates that the mechanism successfully suppresses stop-words and selectively attends to sentiment-bearing tokens, improving both classification performance and model interpretability.