README.md

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title: FinText-TSFM
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Time Series Foundation Models for Finance

🚀 TSFMs Release

We are pleased to introduce FinText-TSFM, a comprehensive suite of time series foundation models (TSFMs) developed for financial forecasting and quantitative research. This release accompanies the paper : Re(Visiting) Time Series Foundation Models in Finance by Eghbal Rahimikia, Hao Ni, and Weiguan Wang (2025).

💡 Key Highlights

• Finance-Native Pre-training:
  Models are pre-trained from scratch on large-scale financial time series datasets — including daily excess returns across 89 markets and over 2 billion observations — to ensure full temporal and domain alignment.

• Bias-Free Design:
  Training strictly follows a chronological expanding-window setup, avoiding any look-ahead bias or information leakage.

• Model Families:
  This release includes variants of Chronos and TimesFM architectures adapted for financial time series:

  • Chronos-Tiny / Mini / Small
  • TimesFM-8M / 20M

• Performance Insights:
  Our findings show that off-the-shelf TSFMs underperform in zero-shot forecasting, while finance-pretrained models achieve large gains in both predictive accuracy and portfolio Sharpe ratios.

• Evaluation Scope:
  Models are benchmarked across U.S. and international markets, using rolling windows (5, 21, 252, 512 days) and 18M+ out-of-sample forecasts.

🧠 Technical Overview

• Architecture: Transformer-based TSFMs (Chronos & TimesFM)
• Training Regime: Pre-training from scratch, fine-tuning, and zero-shot evaluation
• Compute: >50,000 GPU hours on NVIDIA GH200 Grace Hopper clusters

📚 Citation

Please cite the accompanying paper if you use these models:

Re(Visiting) Time Series Foundation Models in Finance.
Rahimikia, Eghbal; Ni, Hao; Wang, Weiguan.
SSRN: https://ssrn.com/abstract=4963618
DOI: 10.2139/ssrn.4963618

🔋 Acknowledgments

This project was made possible through computational and institutional support from:

• Isambard-AI National AI Research Resource (AIRR)
• Alliance Manchester Business School (AMBS), University of Manchester
• N8 Centre of Excellence in Computationally Intensive Research (N8 CIR)
• The University of Manchester (Research IT & Computational Shared Facility)
• University College London (UCL)
• The Alan Turing Institute
• Shanghai University

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Developed by: Alliance Manchester Business School, The University of Manchester Department of Mathematics, University College London (UCL)

Powered by: Isambard-AI, Bristol Centre for Supercomputing (BriCS) The Bede Supercomputer