Category Archives: Quant Books

Quant Books

5 Lessons From the Greatest Traders Jim Simons book

Since the announcement of a book about the Renaissance Technology founder, It is a week about Jim Simons. The thing is that he is easily the most successful trader or investor of our time. Someone went out and wrote about some of the lessons learned  from this book.

Out of all the articles I have seen over the last few weeks, this is easily the most useful.

If you have not been reading these emails, I have done revamped the store to my old reactivated Shopify store. I am sure you are not interested in the benefits, so I will just post the the highlighted links:





Interative Brokers 4.5 hour Workshop Bootcamp

$37.00

https://quantlabs.net/interactivebrokers/

Python Algo Trading Infrastructure with Crypto Currency

$297.00

Quant Analytics 3 months

$297.00

Thanks Bryan

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Man Who Solved the Market: How Jim Simons Launched the Quant Revolution book

New book is out about Jim Simons the math whiz who launched Renaissance Technologies.

From the Amazon bio link below:

Jim Simons is the greatest money maker in modern financial history. No other investor–Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros–can touch his record. Since 1988, Renaissance’s signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars.

Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that’s sweeping the world.

As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump’s victorious 2016 effort. Mercer also impacted the campaign behind Brexit.

The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It’s also a story of what Simons’s revolution means for the rest of us.

https://www.wsj.com/articles/the-making-of-the-worlds-greatest-investor-11572667202?mod=hp_lead_pos5

amazon.com/Man-Who-Solved-Market-Revolution/dp/073521798X

Today is looking to be the last day of 3 year terms on the ELITE membership

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Data Science Trading algos into apps without knowing web frameworks

I posted these two articles pertaining to web based data science dashboards using Python. There is a lot of potential for web enable applications with not just bots. This enables you to ignore the complexity of needing to know Javascript to build these type of small web platforms. 

Interactive Dashboards for Data Science while building trading bots

Data Science Trading algos into apps easily without knowing web frameworks

Learn more about our trading bot development in Python here

Thanks for reading,

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Coaching and LIVE trading signal service survey

Help us tweak this new service if you are interested in get coaching or live signals

https://www.surveymonkey.com/r/YRXTRVB

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

startup beating wall street giants search next great quant trader

startup beating wall street giants search next great quant trader

A CNBC article highlighted a fast moving Quant fund wants to hire the 0.01% of the quants out there which is not top 1%. They also have $100k in prize money

https://www.cnbc.com/amp/2019/07/01/a-wall-street-disrupting-startup-is-searching-for-great-quant-traders.html

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Python Data Science Hand book`

This book was recommended to read for newbies who want to move into these topics

 I found this book free book https://jakevdp.github.io/PythonDataScienceHandbook/  It’s a deep dive into numpy, pandas, and all data science, just wanted to share this resource with you.  
 Also, you didn’t like scikit-learn.

What do you think about plotly instead of chart director? https://github.com/plotly PYTHON:https://github.com/plotly/plotly.py
Javascript( The Toy )https://github.com/plotly/plotly.js

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Book found helpful for the basics of neural networks with python API

There were some decent resources recommended to further expand your knowledge in the math behind neural networks. This includes some reference to a Python API as well. I found was useful as well but these will further expand the explanation of the under hood math concepts

https://www.reddit.com/r/learnmachinelearning/comments/blu8tj/book_i_found_very_helpful_in_understanding_the/

Kraken advantages with Cryptowatch and Python API

 

These included:

Allow stop loss and take profit

Cryptowatch platform is owned by Kraken

Cryptowatch has a Python  API

Trade in fiat currency once you move to the intermediate level

 

See further helpful reasons to be on Kraken as well here

https://quantlabs.net/blog/2019/05/kraken-advantages-with-cryptowatch-and-python-api/

As I continue to press, without my Python Infrastructure framework course, I highly doubt I would be able to rebuild a new bot for a new exchange like Kraken. It is fast and I hope to show it soon.

Get IMMEDIATE access to the course here

https://quantlabs.net/academy/python-algo-trading-infrastructure-with-crypto-currency/

Thanks Bryan

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Bob Pardo Returns LIVE Apr 2 10:30

IMPORTANT NOTE:

NOTE: BOB PARDO WILL NOT BE PRESENTING TOMORROW! Please note I will still be available showcasing if anyone is interested with the same Zoom.us login info!

 

Tuesday, April 2, 2019 at 10:30 AM – 12 PM
Bob Pardo Returns LIVE

ONline via Zoom.us
Hosted by QuantLabsNet

Bob Pardo will return with some demos of his software Ranger. This will be live only on my Zoom.us link I will provide here in the comments.

Login in details will be posted here

https://www.facebook.com/events/1137846456377230/

Zoom.US Login info

Bryan Downing is inviting you to a scheduled Zoom meeting.

Topic: Bob Pardo
Time: Apr 2, 2019 10:30 AM Eastern Time (US and Canada)

Join Zoom Meeting
https://zoom.us/j/390440539

One tap mobile
+16699006833,,390440539# US (San Jose)
+16465588656,,390440539# US (New York)

Dial by your location
+1 669 900 6833 US (San Jose)
+1 646 558 8656 US (New York)
Meeting ID: 390 440 539
Find your local number: https://zoom.us/u/ac8lNIa1ua

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

The Best Quant Papers of 2018 from Savvy Investor

Quantlabs is pleased to be partnering with Savvy Investor, the world’s leading knowledge network for institutional investors. You may wish to consider joining their platform – it’s entirely free.

Fama and French win “Best Quant Paper 2018”

Savvy Investor curates the best pensions and investment white papers from around the world. Having uploaded more than 25,000 papers since launch, they have a unique platform from which to host these Awards. The Savvy Investor Awards are judged on the basis of the quality and readability of the paper and its appeal to their institutional investor audience.

Call us sentimental, but we’re delighted to be awarding the Savvy Investor trophy for the best quant paper of 2018 to Eugene Fama and Kenneth French. Unlike some earlier papers authored by this duo, the winning paper is in no way ground-breaking. However, it reminds us all of the nature of equity market volatility, and the implications for long-term investment returns. As the name suggests, it is a “volatility lesson” for professional investors, coming from two of the most respected names in the business.

See the winning papers below, or visit Savvy Investor for the full list of winners and short-listed papers across all 15 categories. 

Best Quant Paper 2018

Volatility Lessons (Financial Analysts Journal – CFA Institute)
In this paper, Fama and French examine the return distribution of equities versus cash over a variety of time periods, and show that the probability of negative equity returns over three and five-year periods is substantial. Interestingly, for longer-term horizons (say 10 or 20 years) there is a marked increase in right skewness and kurtosis. In other words, compared to a normal distribution of returns, the left tail almost disappears and the likelihood of negative equity returns versus cash diminishes substantially. Another key conclusion from the data relates to drawing inferences about future risk premia from observed returns over 3-, 5- or 10-year periods. The duo argue that, due to the high volatility, the evidence from such a “short” time period will be too “noisy” to be reliable.

Robust Asset Allocation for Robo-Advisors (Amundi Asset Management)
Quant researchers from Amundi Asset Management examine the challenges faced by robo-advisors attempting to automate the portfolio allocation and rebalancing process. This is a detailed, complex and formula-rich paper which will appeal primarily to quant managers and analysts involved in portfolio optimization, specifically using a mean-variance approach.

The Correlation See-Saw (Axioma)
The correlation of returns between different asset classes is critical to overall portfolio risk. However, these relationships are not necessarily stable over time. Axioma analyzes the way that shifts in cross-asset correlations impact overall portfolio risk, examining a case study of the first five months of 2018 when there was an unusual pattern of correlation reversals. How should this impact an investor’s approach to risk analytics?

Combining Investment Signals in Long/Short Strategies (Goldman Sachs Asset Management)
This paper examines the best way to combine quantitative investment signals in the context of managing a long-short portfolio. Is it better to create one combined signal, or is it preferable to consider the portfolio exposures indicated by each signal and combine the different exposures? The authors carry out their own empirical study and compare the results with other academic evidence.

If We Don’t Believe Markets are “Efficient”, What Do We Believe? (Winton)
Despite the well-known faults that are inherent in the efficient market hypothesis, it still underpins several prominent investment strategies. The authors of this paper examine an ecological theory that could be more applicable to financial markets.

The Current State of Quantitative Equity Investing (CFA Institute Research Foundation)
In this 74-page paper, CFA Institute Research Foundation reviews the concepts of risk and return, anomalies and the onset of factor investing, as well as the influence of big data on the quantitative equity field.

Pulling the Goalie: Hockey and Investment Implications (Cliff Asness/Aaron Brown)
Harkening back to the 1980 ‘Miracle on Ice,’ the authors build a model to determine the precise time that a hockey coach should choose to pull the goalie when behind. They then apply these lessons to a portfolio management environment.

About Savvy Investor

Savvy Investor is the world’s leading resource hub for the institutional investors. Since launch in March 2015, more than 33,000 members from across the globe have registered for the site, with 200-250 new members joining every week.

Savvy Investor allows you to search and immediately find the top white papers on any investment topic, ranked by popularity.

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Guided tour walkthrough Elite trial to build primitive algo trading system

Guided tour walkthrough Elite trial to build primitive algo trading system

 

Here it is for the 2 month trial to my Quant Elite membership. Get complete details here if interested.

Here is the link to try out

Introduction to Quant Elite Membership

 

 

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!