The Quant Investor's Almanac 2011: A Roadmap to Investing
The new book discloses quantitative investing secrets of select institutional traders that employ teams of highly educated mathematicians and physicists.
Online, September 30, 2010 (Newswire.com) - For years, quantitative investing was regarded as the domain of a select few institutional traders that employed teams of highly educated mathematicians and physicists. Yet many principles behind quantitative investing do not require mathematical prowess, computer knowledge, or economic education to understand. In THE QUANT INVESTOR'S ALMANAC 2011 (Wiley; October 2010; 978-0-470-63561-2; Paperback), Irene Aldridge, quantitative portfolio manager at a boutique investment firm, and Steven Krawciw, executive at a global private bank, offer investors the latest quantitative investing strategies digested down to their essentials.
Quantitative investing involves the use of techniques that incorporate statistical analysis, economic theory, and other scientific tools and mathematical experiments to determine whether a particular security is overpriced or underpriced. Unlike traditional investing, where the investor often relies on intuition to make decisions, models provide explicitly measurable performance expectations for each strategy, making it easier to allocate capital and manage one's investments. Many macroeconomic events recur weekly, monthly, or annually. Like sailors using the lunar cycles to determine the ebb and flows in charting their course, many quantitative investors keep in mind the economic indicators and their historical impact in determining their investment decisions.
Designed to take advantage of these occurrences, THE QUANT INVESTOR'S ALMANAC contains 12 sections that correspond to a month of the year. It includes dates, times and impact analyses of selected macroeconomic events scheduled to take place in the United States, Canada, United Kingdom, European Union, and selected other countries, to enable investors to deploy strategies in various markets worldwide. In addition to the calendar of economic events, each section also outlines the latest quantitative investing strategies and explains how to deploy them.
The authors focus on two different types of strategies: event-based strategies that describe past price movement of different securities in relation to an event; and security-specific strategies, namely for stocks, mutual funds, bonds, currencies, ETFs, futures, and options. Security-specific strategies are derived from the latest top-quality research in finance and include investment ideas.
These strategies range from the use of foreign currencies to hedge equity portfolios, the best way to allocate 401(k) investments, and the short-term impact of the retail sales index on U.S. stocks to the effect of foreign flows into U.S. bonds on U.S. interest rates and the prediction of stock direction based on the momentum of other stocks.
THE QUANT INVESTOR'S ALMANAC 2011 makes cutting-edge quantitative investment strategies accessible to all investors, large and small, institutional and individual. No. Ph.D. required.
For more information, please visit http://www.quantalmanac.com
For all press requests, please call Irene Aldridge at +1 646-233-3513 or email ialdridge@ablealpha.com.