remarkably lucid guide to statistical arbitrage, Perry Kaufman shows investors how. Test spreadsheets are supplied on the hyperlink known within the guide. What separates Kaufman s work from that of many other writers on trading strategies is that he goes into the nuts and bolts of designing and testing system candidates. The website that accompanies the book has spreadsheets that make the calculations necessary for setting up trades ever so much easier. You ll gain afuller understanding of how theoretical pricing models work. From a leading trading systems developer, how to make profitable trades when there are no obvious trends How does a trader find alpha when markets make no sense, when price shocks cause diversification to fail, and when it seems impossible to hedge?
It helps you to solve a lot of the issues you might have in developing a non-directional strategy in a very practical way.
This book is a must read.
Now, in this revised, updated, and expanded second edition, this thirty-year trading professional presents the most comprehensive guide to advanced trading strategies and techniques now in print. System traders take note. What Kaufman offers is different essentially a do-it-yourself manual for the trader who wants to develop strategies that remove directional risk and unearth opportunities for creating alpha. Kaufman, perry kaufman has more than thirty years of experience in financial engineering and hedge funds, and is well-known for his role in algorithmic trading. And, best of all, you ll learn how to apply the principles of option evaluation to create strategies that, given a trader s assessment of market conditions and trends, have the greatest chance of success., Option trading is both a science and an art. The actual associations in between Dell as well as Hewlett-Packard as well as precious metal as well as platinum eagle are utilized because good examples. It offers nicely described, strong means of investors thinking about option quantitative buying and selling methods). In Alpha Trading, Kaufman shows how to make trading profits even when there are no market trends and price shocks rock the markets every day. Successfully, through cancelling away Beta (the general markets factor to some securitys return) as well as buying and selling Leader (the energetic come back of the security the investor may really feel assured throughout very unstable intervals associated with marketplace exercise. The book Details how to exploit new highs and lows Describes how to hedge primary risk components, find robustness, and craft a diversification program Other titles by Kaufman: New Trading Systems and Methods, 4th Edition and A Short Course in Technical Trading, both by Wiley.
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