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The new chapters cover topics including alpha correlation, controlling biases, exchange-traded funds, event-driven investing, index alphas, intraday data in alpha research, intraday trading, machine learning, and the triple axis plan for identifying alphas.
Compared to Smart Beta, focusing on Factor Alpha allows for better returns and significantly better factor advantages. In the rest of this paper, we explore the dangers of scale—and widespread adoption
We invite all quant enthusiasts to utilize this free tool to learn about alpha backtesting (also known as alpha simulation), and ultimately to create their own alphas.
10 lut 2024 · Alpha is a metric for measuring the risk-adjusted performance of an investment relative to a market index, while beta is a historical measure of the systemic risk or volatility of an asset or portfolio compared to the volatility of the market as a whole. While beta measures risks, alpha measures risk-adjusted returns.
28 sie 2015 · This book shows you the ins and outs of alpha design, with key insight from experienced practitioners. Learn the seven habits of highly effective quants. Understand the key technical aspects of...
30 wrz 2019 · The authors design and develop “alphas” – individual trading signals that seek to add value to a portfolio. They design alphas as algorithms, a combination of mathematical expressions, computer source code, and configuration parameters.
What is the difference between alpha and beta? Alpha: Alpha measures an investment's excess return over a benchmark, like the S&P 500. A positive alpha indicates the investment outperformed the benchmark, suggesting potential skillful management or unique strategy.
