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Author: Michael Zhang Publisher: Taylor & Francis ISBN: 1040145884 Category : Business & Economics Languages : en Pages : 311
Book Description
Bridging the gap between theoretical asset pricing and industry practices in factors and factor investing, Zhang et al. provides a comprehensive treatment of factors, along with industry insights on practical factor development. Chapters cover a wide array of topics, including the foundations of quantamentals, the intricacies of market beta, the significance of statistical moments, the principles of technical analysis, and the impact of market microstructure and liquidity on trading. Furthermore, it delves into the complexities of tail risk and behavioral finance, revealing how psychological factors affect market dynamics. The discussion extends to the sophisticated use of option trading data for predictive insights and the critical differentiation between outcome uncertainty and distribution uncertainty in financial decision-making. A standout feature of the book is its examination of machine learning's role in factor investing, detailing how it transforms data preprocessing, factor discovery, and model construction. Overall, this book provides a holistic view of contemporary financial markets, highlighting the challenges and opportunities in harnessing alternative data and machine learning to develop robust investment strategies. This book would appeal to investment management professionals and trainees. It will also be of use to graduate and upper undergraduate students in quantitative finance, factor investing, asset management and/or trading.
Author: Michael Zhang Publisher: Taylor & Francis ISBN: 1040145884 Category : Business & Economics Languages : en Pages : 311
Book Description
Bridging the gap between theoretical asset pricing and industry practices in factors and factor investing, Zhang et al. provides a comprehensive treatment of factors, along with industry insights on practical factor development. Chapters cover a wide array of topics, including the foundations of quantamentals, the intricacies of market beta, the significance of statistical moments, the principles of technical analysis, and the impact of market microstructure and liquidity on trading. Furthermore, it delves into the complexities of tail risk and behavioral finance, revealing how psychological factors affect market dynamics. The discussion extends to the sophisticated use of option trading data for predictive insights and the critical differentiation between outcome uncertainty and distribution uncertainty in financial decision-making. A standout feature of the book is its examination of machine learning's role in factor investing, detailing how it transforms data preprocessing, factor discovery, and model construction. Overall, this book provides a holistic view of contemporary financial markets, highlighting the challenges and opportunities in harnessing alternative data and machine learning to develop robust investment strategies. This book would appeal to investment management professionals and trainees. It will also be of use to graduate and upper undergraduate students in quantitative finance, factor investing, asset management and/or trading.
Author: Amitrajeet A. Batabyal Publisher: Springer ISBN: 3319275895 Category : Business & Economics Languages : en Pages : 289
Book Description
This book addresses two general questions that have arisen as a result of the uneven rise of the various Asian economies in contemporary times. First, to lift people out of poverty and to improve the quality of their lives, how do we institute policies that will ensure economic growth in the different regions of Asia? Second, what can we do to ensure that the economic growth we seek is sustainable so that the regional economic development that emerges is broad-based, inclusive, and environmentally conscious? Specifically, this edited book will provide a unified perspective on regional growth and sustainable development in Asia by focusing on the above two broad questions. The book will emphasize dynamic modeling and it will illustrate the role that sound theoretical and empirical modeling of an intertemporal nature can play in shedding light on salient public policy questions concerning regional growth and sustainable development. The specific topics to be addressed in this book include growth accounting, natural resource use and management, the regulation of environmental externalities, geographic information systems, and regional climate change. The individual chapters in this book will be written by international experts who are also active researchers in their respective fields. Therefore, this book is highly recommended to all readers who seek an in-depth and up-to-date perspective on some of the most salient issues at the interface of regional growth and sustainable development in Asia.
Author: Subhashis Ghosal Publisher: Cambridge University Press ISBN: 1108210120 Category : Mathematics Languages : en Pages : 671
Book Description
Explosive growth in computing power has made Bayesian methods for infinite-dimensional models - Bayesian nonparametrics - a nearly universal framework for inference, finding practical use in numerous subject areas. Written by leading researchers, this authoritative text draws on theoretical advances of the past twenty years to synthesize all aspects of Bayesian nonparametrics, from prior construction to computation and large sample behavior of posteriors. Because understanding the behavior of posteriors is critical to selecting priors that work, the large sample theory is developed systematically, illustrated by various examples of model and prior combinations. Precise sufficient conditions are given, with complete proofs, that ensure desirable posterior properties and behavior. Each chapter ends with historical notes and numerous exercises to deepen and consolidate the reader's understanding, making the book valuable for both graduate students and researchers in statistics and machine learning, as well as in application areas such as econometrics and biostatistics.
Author: Pascal François Publisher: John Wiley & Sons ISBN: 1119930197 Category : Business & Economics Languages : en Pages : 1095
Book Description
An intuitive and effective desk reference for performance measurement in asset and wealth management In The Complete Guide to Portfolio Performance: Appraise, Analyse, Act, a team of finance professors with extended practical experience deliver a hands-on desk reference for asset and wealth managers suitable for everyday use. Intuitively organized and full of concrete examples of the real-world implementation of the concepts discussed within, the book provides a comprehensive coverage of all important portfolio performance matters across 18 chapters of actionable and clearly described content. The authors have provided relevant cross-referencing where appropriate, “Key Takeaways and Equations” sections at the end of each chapter, and pointers to additional resources for anyone interested in pursuing further research. You'll also find: Discussions of more than a hundred classical and modern performance measures organized logically and with a focus on their applications Strategies for selecting appropriate performance measures based on your situation as a manager or investor Explanations of analytical techniques (statistical approaches, attribution, fund ratings...) enabling a comprehensive use of performance-related information Applications of portfolio performance criteria in concrete investment decision-making processes Highly actionable and logically organized material that's easy to find at a moment's notice A full set of pedagogical powerpoint slides and excel worksheets with all data and formulas Perfect for investors, portfolio managers, advisors, analysts, and regulators, The Complete Guide to Portfolio Performance is also a must-read reference for students and practitioners of asset and wealth management, as well as those pursuing certification such as CFA, CIPM, CIIA, and CAIA.
Author: Cheng-Few Lee Publisher: Elsevier ISBN: 0080543979 Category : Social Science Languages : en Pages : 345
Book Description
This research annual publication intends to bring together investment analysis and portfolio theory and their implementation to portfolio management. It seeks theoretical and empirical research manuscripts with high quality in the area of investment and portfolio analysis. The contents will consist of original research on: The principles of portfolio management of equities and fixed-income securities. The evaluation of portfolios (or mutual funds) of common stocks, bonds, international assets, and options. The dynamic process of portfolio management. Strategies of international investments and portfolio management. The applications of useful and important analytical techniques such as mathematics, econometrics, statistics, and computers in the field of investment and portfolio management. Theoretical research related to options and futures. In addition, it also contains articles that present and examine new and important accounting, financial, and economic data for managing and evaluating portfolios of risky assets.
Author: Arjun K. Gupta Publisher: CRC Press ISBN: 9780824753962 Category : Mathematics Languages : en Pages : 594
Book Description
A milestone in the published literature on the subject, this first-ever Handbook of Beta Distribution and Its Applications clearly enumerates the properties of beta distributions and related mathematical notions. It summarizes modern applications in a variety of fields, reviews up-and-coming progress from the front lines of statistical research and practice, and demonstrates the applicability of beta distributions in fields such as economics, quality control, soil science, and biomedicine. The book discusses the centrality of beta distributions in Bayesian inference, the beta-binomial model and applications of the beta-binomial distribution, and applications of Dirichlet integrals.
Author: C. T. Russell Publisher: Cambridge University Press ISBN: 1107098823 Category : Science Languages : en Pages : 499
Book Description
This textbook provides advanced undergraduates and graduates with up-to-date coverage of space physics from the Sun to the interstellar medium. Clear explanations of physical processes are presented alongside major new discoveries gained from space missions. End-of-chapter problems and specially developed computer-based exercises allow students to put the theory into practice.
Author: Martyn Bedford Publisher: Comma Press ISBN: Category : Literary Collections Languages : en Pages : 439
Book Description
Computers are changing. Soon the silicon chip will seem like a clunky antique amid the bounty of more exotic processes on offer. Robots are changing too; material evolution and swarm intelligence are creating a new generation of devices that will diverge and disperse into a balanced ecosystem of humans and ‘robjects’ (robotic objects). Somewhere in between, we humans will have to change also… in the way we interact with technology, the roles we adopt in an increasingly ‘intelligent’ environment, and how we interface with each other. The driving motors behind many of these changes will be artificial life (A-Life) and unconventional computing. How exactly they will impact on our world is still an open question. But in the spirit of collective intelligence, this anthology brings together 38 scientists and authors, working in pairs, to imagine what life (and A-Life) will look like in the year 2070. Every kind of technology is imagined: from lie-detection glasses to military swarmbots, brain-interfacing implants to synthetically ‘grown’ skyscrapers, revolution-inciting computer games to synthetically engineered haute cuisine. All artificial life is here. Featuring scientific contributions from: Martyn Amos, J. Mark Bishop, Seth Bullock, Stephen Dunne, James Dyke, Christian Jantzen, Francesco Mondada, James D. O'Shea, Andrew Philippides, Lenka Pitonakova, Steen Rasmussen, Thomas S. Ray, Micah Rosenkind, James Snowdon, Susan Stepney, Germán Terrazas, Andrew Vardy and Alan Winfield. Supported by TRUCE (Training and Research in Unconventional Computation in Europe).
Author: Bruce N. Lehmann Publisher: Oxford University Press ISBN: 0195168364 Category : Business & Economics Languages : en Pages : 319
Book Description
Fischer Black was a remarkable social scientist, one whose contributions range from the lofty perch of highbrow theory to the trenches of practical application. The papers represented in this work span the same range, the contributions of a remarkable array of financial economists who embody in different ways Fischer's ideal of insight from economic theory that both guides and is rooted in the kind of detailed observation of relevant aspects of actual financial markets. It is hoped that readers find this volume to be both a fitting tribute and a stimulus to further research. After all, the advancement of economic science remained a constant goal throughout Fischer's remarkable career in the many and disparate venues in which he plies his trade.
Author: Michael Zhang
Author: Michael Zhang
Author: Amitrajeet A. Batabyal
Author: Subhashis Ghosal
Author: Pascal François
Author: Cheng-Few Lee
Author: Arjun K. Gupta
Author: Aaron P. Sanders
Author: C. T. Russell
Author: Martyn Bedford
Author: Bruce N. Lehmann