30 April 2002

Predicting £££ futures

Photo opportunity 11.30am, Wednesday 1 May, Applied Computing Department,Jam Factory, University of Dundee.

Software that will predict whether the value of shares will go up or down has been developed by a student at the University of Dundee.

Luke Wilson, a senior honours student in the department of applied computing has collected stocks and share prices from London Stock Exchange. Using a variety of equations and the price history he calculates future values of shares advising holders to buy or sell their stock.

Luke's software is the first programme of its kind to be available on the Internet. Similar programmes are available from retailers and are quite expensive but Luke's will operate as a normal web page allowing users to calculate their share value at no cost in a matter of minutes.

Luke said: "I have money invested in the stockmarket myself and wanted to discover how to make the most profit from it. Stock price analysis is also a career I would like to pursue so developing this system is good experience in the workings of the market."

Stockbrokers Gerrards advised Luke to ensure that all the functions of his programme were relevant to evaluating stock price. His system can be found on the internet at http://xavier.computing.dundee.ac.uk/lwilson/

Luke's system is one of 32 student projects on display at an exhibition of senior honours work at the University of Dundee's applied computing department. External examiners will assess the students' work and members of the department's industrial advisory board including John Beales of Sun Systems and Sean Gordon from Microsoft UK will attend to ensure that study programmes in the department are industrially relevant - preparing students for computing challenges in the commercial workplace.

The exhibition starts on Tuesday 30 April in the afternoon when it is open to any interested members of the public and continues for examiners and visitors on Wednesday 1 May.

Some other project featuring in the show:

Fay Newall has developed a programme for children to design their own website.

Greg O' Neill has invented a reminiscence aid for Alzheimer's patients. Staff at the local Alzheimer's clinic have said that they would like to use the programme with their patients as part of their care.

Kris Jack has developed software to translate Blissymbol sentences - a symbolic language used by non-speaking people - into correct English.

Contact Janet Hughes, Department of Applied Computing 01382 345195.