Footprints of Chaos in the Market: Analyzing Non-Linear Time Series in Financial Markets and Other Natural Systems

Urbach, Richard

ISBN 10: 0273635735 / ISBN 13: 9780273635734

Published by Financial Times/Prentice Hall, 1999

About this Item

Inscribed "Shirly, may 2005 bring forth peace and happiness for you. Richard". Signed copies rarely offered. Price movements in financial markets are not random. There are actually clues that allow sophisticated investors to uncover trends and make accurate predictions. The key to discovering this predictability lies in a new set of mathematical techniques --the application of dynamic, non-linear time series. This new science of investment is where chaos theory meets the markets. Richard Urbach offers practical advice and applications on the latest mathematical techniques and examines the opportunities these new techniques can deliver. Richard M.A. Urbach is a leading US expert in the application of quantitative methods to investment banking and trading. Now based in London, he has co-managed an investment fund at Panther Capital Management, and held senior positions at UBS Securities, Morgan Stanley and Citibank. He has a PhD, in Mathematical Statistics and Operations Research, from Columbia University, New York. Seller Inventory # SKU2020022357

Bibliographic Details

Title: Footprints of Chaos in the Market: Analyzing...

Publisher: Financial Times/Prentice Hall

Publication Date: 1999

Binding: Hardcover

Condition: Very Good

Dust Jacket Condition: Very Good

Signed: Signed by Author

About this title

Synopsis:

The ability to predict and profit from the movements of the financial markets is a long sought-after goal.

But if price action is considered to be the product of a random walk only unpredictable news can affect prices, and it is therefore impossible to accurately predict market movement. This line of thought has prompted the growth in passive investing and tracker funds.

Richard Urbach counters this thinking by applying a new set of mathematical techniques to the financial markets, arguing that it is possible to accurately analyze the time series (or 'footprints') of chaotic real systems, map their underlying patterns, and predict future trends.

Many of the techniques of dynamical systems analysis have previously been described only in the dispersed and relatively inaccessible outputs of scientific research. There has been little practical interpretation of non-linear dynamics and its application to financial markets.

Footprints of Chaos is the first book to examine the opportunities presented by this new thinking, and is aimed directly at the investment analysts who can benefit from it.

Reviews

"Richard Urbach's book is essential reading for financial market participants, particularly risk management professionals. Identifying and tracking the path of chaotic systems is central to our ability to accurately forecast the evolution of asset prices. Richard Urbach provides us with the tools to do so in his book"

Michael Cohn, Panther Capital Management Limited, and member of Barons 500 Leaders for the 21st Century

"This comprehensively researched and conscientiously written book is particularly strong in that it will appeal to a broad spectrum of readers - from generalist fund managers to specialist financial engineers"

David Schwartz, Consultant, Norman Broadbent

The Author

Richard M.A. Urbach is a leading US expert in the application of quantitative methods to investment banking and trading. Now based in London, he has co-managed a £110m investment fund at Panther Capital Management, and held senior positions at UBS Securities, Morgan Stanley and Citibank. He has a PhD, in Mathematical Statistics and Operations Research, from Columbia University, New York.