Design more successful trading systems with this practical guide to identifying alphas Finding Alphas seeks to teach you how to do one thing and do it well: design alphas. Written by experienced practitioners from WorldQuant, including its founder and CEO Igor Tulchinsky, this book provides detailed insight into the alchemic art of generating trading signals, and gives you access to the tools you need to practice and explore. Equally applicable across regions, this practical guide provides you with methods for uncovering the hidden signals in your data. A collection of essays provides diverse viewpoints to show the similarities, as well as unique approaches, to alpha design, covering a wide variety of topics, ranging from abstract theory to concrete technical aspects. You'll learn the dos and don'ts of information research, fundamental analysis, statistical arbitrage, alpha diversity, and more, and then delve into more advanced areas and more complex designs. The companion website, www.worldquantchallenge.com, features alpha examples with formulas and explanations. Further, this book also provides practical guidance for using WorldQuant's online simulation tool WebSim(R) to get hands-on practice in alpha design. Alpha is an algorithm which trades financial securities. 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 alpha design * Use WebSim(R) to experiment and create more successful alphas Finding Alphas is the detailed, informative guide you need to start designing robust, successful alphas.
HOW TO IDENTIFY POTENTIAL PROFIT OPPORTUNITIES FROM MARKET BEHAVIORS OTHERS HAVE BEEN UNABLE TO QUANTIFY
Finding Alphas seeks to teach you how to do one thing and do it well - design alphas. For financial engineers, quantitative researchers, investment analysts, and those aspiring to be quants, this is the guidebook for reliable, up-to-date coverage on the ins and outs of alpha design.
The collection of essays inside explores how to hone and retain a cutting-edge when trying to make sense of the ever-increasing amount of quantifiable changes happening during trading. From abstract theory to concrete technical methods, Finding Alphas illuminates basic techniques as well as unique approaches to alpha design, helping you to develop your own design style. A fascinating range of methods for uncovering the signals in data are explored. On your way to mastering alpha design, this robust training tool will equip you with:
- The seven habits of highly-effective quants.
- A full treatment of all the key technical aspects of alpha design.
- The know-how to develop a disciplined process for alpha discovery and securities trading.
- A web-based simulator, WebSim (R), for creating and fine-tuning successful alphas.
As the amount of data continues to grow in the financial industry, the advantage will go to the trader who can see the whole picture, who can combine millions and billions of subtle and illusive signals, and who has honed their skill set with the information provided by Finding Alphas.
