Finding Alphas: A Quantitative Approach to Building Trading Strategies
$17.89
| Author(s) | |
|---|---|
| Format |
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| Pages |
269 |
| Published Date |
2015 |
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.
Introduction:
This book is a study of the process of fi nding alphas. The material is presented as a collection of essays, providing diverse viewpoints from successful quants on the front lines of quantitative trading.A wide variety of topics is covered, ranging from theories about the existence of alphas, to the more concrete and technical aspects of alpha creation.
Part I presents a general introduction to alpha creation, and is fol-lowed by a brief account of the alpha life-cycle, and insights on cutting losses. Part II focuses more on the technical side of alpha design, such as the dos and don’ts of information research, key steps to developing an alpha, and the evaluation and improvement of quality alphas. The key technical aspects discussed in this section are turnover, backtesting, fundamental analysis, equity price volume, statistical arbitrage, overfi t-ting, and alpha diversity.
Part III explores ad hoc topics in alpha design, including alpha design for various asset classes like futures and currencies, the development of momentum alphas, and the effect of news and social media on stock returns. In Part IV, we introduce you to WebSim™, a web-based alpha devel-opment tool. 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. Finally, in Part V, we present an inspirational essay for all quants who are ready to explore the world of quantitative trading.
Contents:
- Introduction to Alpha Design
- Alpha Genesis – The Life-Cycle of a Quantitative Model of Financial Price Prediction
- Cutting Losses
- Alpha Design
- How to Develop an Alpha. I: Logic with an Example
- How to Develop an Alpha. II: A Case Study
- Fundamental Analysis
- Equity Price and Volume
- Backtest – Signal or Overfi tting
- Alpha and Risk Factors
- The Relationship between Alpha and Portfolio Risk
- Risk and Drawdowns
- Data and Alpha Design
- Statistical Arbitrage, Overfi tting, and Alpha Diversity
- Techniques for Improving the Robustness of Alphas
- Alphas from Automated Search
- Algorithms and Special Techniques in Alpha Research
- Impact of News and Social Media on Stock Returns
- Stock Returns Information from the Stock Options Market
- Introduction to Momentum Alphas
- Financial Statement Analysis
- Institutional Research 101
- Introduction to Futures Trading
- Alpha on Currency Forwards and Futures
- Introduction to WebSim
- Alphas and WebSim Fundamentals
- Understanding How WebSim Works
- The Seven Habits of Highly Successful Quants
Finding Alphas: A Quantitative Approach to Building Trading Strategies By Igor Tulchinsky pdf
26 reviews for Finding Alphas: A Quantitative Approach to Building Trading Strategies
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Anthony Nixon (verified owner) –
A very interesting and informative book. All descriptions are written thoughtfully, thoroughly, and insightfully.
Highly recommended!
Aliya Moore (verified owner) –
Great book!
Tyler Boyle (verified owner) –
They dont go into details of any strategy. Clearly something written just to con readers.
Scarlette Phillips (verified owner) –
This book contains quite useful info on how to create alphas and profit from them. A must read!
Dulce Gibson (verified owner) –
It is exceptional that you will find such wealth of information directly from practitioners.
Elliot Curtis (verified owner) –
Great content and really gives insight into how WorldQuant thinks about alpha creation.
Mauricio Hickman (verified owner) –
Great insight into quant trading provided by industry experts.
Katalina Shaw (verified owner) –
Excellent and diverse introduction to the mysterious world of quants !
Nova Juarez (verified owner) –
It’s a collection of various direction of potential alpha research, but don’t expect you can beat the market without diligent research yourself.
Elyse Briggs (verified owner) –
multiple alpha finding directions packed in this book along with a platform which allows you to start making alpha right away! Learned a lot about risk management and how to improve a signal idea one might already have.
Adley Crawford (verified owner) –
The book gives you an introductory insight of the quant world. The book is not giving you alphas, and it would be foolish to expect the book to do so, but it triggers all the necessary aspects to get somebody mentally ready to start researching for new alphas.
Kevin Huerta (verified owner) –
Great Book. Shows exactly how to make alphas and use the online open source simulator (to practice) called WebSim. Bought it from another vendor – about the same price. Want to buy for a friend of mine who is planning to get into quantitative research field.
Case Michael (verified owner) –
This is an excellent book for whoever interested in quantitative investing. Beginners will get a jump start from a great overview in the first chapter as well as valuable details in the chapters that follows, while veterans will also benefit from the insights from this very successful trading firm. I have been in this industry for many years and still find this book extremely helpful. I wish there was one such book when I was entering this industry.
Joaquin Keith (verified owner) –
The book is a collection of essays about research in quantitative finance .It is a compendium of methods,not comprehensive of course,applied by researchers and traders at Worldquant .One who was expected to see some detailed methods for trading will be of course dissapointed,but it was not the purpose of the book.Rather a great starting point for someone who wants to become familiar with quant trading .
Alexis Stevens (verified owner) –
Good introduction to the alphas world by the insiders. Very well written!
Andrew Henderson (verified owner) –
Baby stuff that has no practical value. Articles are vaguely written and superficial. If you want to spend money, get a better book on quant trading and research.
Genesis Kirk (verified owner) –
Fine
Reina Green (verified owner) –
This is not a good book.
Levi Greer (verified owner) –
No real content. Just an assortment of useless articles which have zero educational value. Most things are common sense and we already know of.
Aubriella Boone (verified owner) –
Nothing new
Zachary Morris (verified owner) –
This is a great book in my opinion. Though no mention of many particular alpha ideas, which is not important actually, many successful PMs from WQ give perspectives on how to produce high quality alphas continuously.
Saoirse Freeman (verified owner) –
Good starter
Jayce Macias (verified owner) –
Written generally, providing definitions but lacking insight and value. This book was disappointing and turned out to be an advertisement and instruction guide for their program.
Levi Blackwell (verified owner) –
Fascinating book with many dimensions written in a straighforward way. Particularly insightful was the section on mining social network feeds for patterns. With its many authors, the book has a lot of great variety, different from the others.
Alessandro Nguyen (verified owner) –
This book is just terrible, its a collection of “short essays” on several topics. Well the chapters are only a few pages long. So short you get nothing out of them. Also none of the content in here is special, everything has been covered before by other books and authors. It is very surface level content and due to having each chapter be a different writer the style and flow of the book is very choppy. Honestly this book is a giant product placement and advertising for WorldQuant and their websim platform. Do not expect to learn anything from buying this book. I 100% regret getting this product.
Maria Moore (verified owner) –
An interesting general commentary, but contains very few specifics.