Sentiment dashboards

Loughran-McDonald sentiment across S&P 500 10-K filings, FY2015-FY2025 (all narrative/qualitative sections; financial statements excluded). The heatmap below shows the mean proportion of negative-category words in Item 1A (Risk Factors) by GICS sector and fiscal year. For tone toward a specific topic, see the Topic page.

Negative language by sector × year (Item 1A)

Negative, proportion of negative words. Max: 4.70%.

Distribution by sector (Item 1A, FY2020)

How dispersed is negative language within each sector for a single year? Each box spans the inter-quartile range; the line marks the median.

Distribution of negative-word proportion across each sector's filings (box = inter-quartile range, line = median, whiskers = min/max).

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