FinDeepForecast: A Live Multi-Agent System for Benchmarking Deep Research Agents in Financial Forecasting

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Authors: Xiangyu Li, Xuan Yao, Guohao Qi, Fengbin Zhu, Kelvin J. L. Koa, Xiang Yao Ng, Ziyang Liu, Xingyu Ni, Chang Liu, Yonghui Yang, Yang Zhang, Wenjie Wang
+7 more Fuli Feng, Chao Wang, Huanbo Luan, Xiaofen Xing, Xiangmin Xu, Tat-Seng Chua, Ke‐Wei Huang
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Abstract

Deep Research (DR) Agents powered by advanced Large Language Models (LLMs) have fundamentally shifted the paradigm for completing complex research tasks. Yet, a comprehensive and live evaluation of their forecasting performance on real-world, research-oriented tasks in high-stakes domains (e.g., finance) remains underexplored. We introduce FinDeepForecast, the first live, end-to-end multi-agent system for automatically evaluating DR agents by continuously generating research-oriented financial forecasting tasks. This system is equipped with a dual-track taxonomy, enabling the dynamic generation of recurrent and non-recurrent forecasting tasks at both corporate and macro levels. With this system, we generate FinDeepForecastBench, a weekly evaluation benchmark over a ten-week horizon, encompassing 8 global economies and 1,314 listed companies, and evaluate 13 representative methods. Extensive experiments show that, while DR agents consistently outperform strong baselines, their performance still falls short of genuine forward-looking financial reasoning. We expect the proposed FinDeepForecast system to consistently facilitate future advancements of DR agents in research-oriented financial forecasting tasks. The benchmark and leaderboard are publicly available on the OpenFinArena Platform.

Fields of Study & Subjects

Stock Market Forecasting Methods FinTech Crowdfunding Digital Finance Forecasting Techniques and Applications

Publication details

Journal / source
arXiv (Cornell University)
Publication date
8 January 2026
Document type
Preprint