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Value at Risk (VaR) is the maximum loss not exceeded with a given confidence level alpha over a given period of time tau. Formally, VaR is given by the largest number r such that the return x smaller than r is no larger than (1-alpha), obviously, VaR is thus simply a quantile of the return distribution.
Posted: 2010-02-23
Category: Science
The use of quantitative trading strategies are becoming more and more prevalent these days. These strategies comprises methods which are both simple as well as complicated, in order to find the optimal investment strategies. These strategies only take volume and price into consideration to compute the trade trends.
Posted: 2010-02-20
Category: Trading
Matlab is a fourth generation programming language, which is developed by The MathWorks. It provides a numerical computing environment. Matlab performs a variety of mathematical functions like creation of user interfaces, plotting of data and functions, implementing the data etc. It is used by millions of people worldwide and almost every industry is relying on its use to perform mathematical problems.
Posted: 2010-02-20
Category: Software
Suppose you have created several quantitative trading strategies, tested both the in-sample and out-of-sample performance of those strategies using free historical stock data, and found some of them are really profitable and have good sharpe ratio, what will you do next?
Posted: 2010-02-16
Category: Stock Market
Quant, or quantitative analyst, is a person working mainly in a financial institution, for example, in an investment bank, a software company or a hedge fund. The main responsibility of a quant is to research, design and implement mathematical or econometrics models for derivative valuation, risk analysis, or trading strategies generation. Quants are therefore core employees due to their large influence on the growth of a firm.
Posted: 2010-02-04
Category: Careers
A convertible bond is a hybrid derivative with complex embedded features. It allows a holder to convert a bond to certain shares (conversion ratio) of stock issued by the same company at a prescribed stock price (conversion price).
Posted: 2010-02-04
Category: Investing
Do you have a surprising expense that is out of your control? Does your monthly bill due tomorrow suddenly increase a lot while your salary is supposed to arrive several days later? Do you see a lovely bag on big sale and want to buy it immediately, however there is not enough cash left before payday? What to do?
Posted: 2010-02-04
Category: Loans
