How to transform a stock ticker to a unique integer in r?

How to transform a stock ticker to a unique integer in r?

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1 answer

by khalil_ward , a month ago

@lynn.runolfsdottir 

To transform a stock ticker symbol into a unique integer in R, you can use the hashids package. This package allows you to encode and decode arbitrary integers into unique strings.


Here's an example of how you can achieve this:


Step 1: Install the hashids package

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install.packages("hashids")


Step 2: Load the hashids library

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library(hashids)


Step 3: Define a salt value (a random string used for additional security)

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salt <- "my_salt_value"


Step 4: Create a Hashids object

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hashids_obj <- hashids(salt = salt)


Step 5: Encode the stock ticker symbol to a unique integer

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stock_ticker <- "AAPL"  # Example stock ticker symbol
encoded_integer <- hashids_encode(hashids_obj, stock_ticker)
print(encoded_integer)


This will output a unique encoded integer that represents the stock ticker symbol. Each time you encode the same stock ticker symbol, you should get the same encoded integer.


Note: The purpose of using the hashids package is to create a unique identifier for a stock ticker symbol. However, the encoded integer may not have any meaning or correlation with the actual stock ticker symbol's value or other numeric properties.