موضوعات
آموزش و پرورش
ادبیات و زبان
پزشکی، دندانپزشکی و داروسازی
تاریخ و جغرافیا
داستان و رمان
دیگر
دین و فلسفه
روانشناسی
ریاضیات و آمار
سلامتی، تناسب اندام و رژیم غذایی
شیمی و پلیمر
علوم اجتماعی و حقوق
علوم زیستی و بیوتکنولوژی
فیزیک و نجوم
کامپیوتر و اینترنت
کتابهای کودکان و داستان
کسب و کار و اقتصاد
کشاورزی و دامپزشکی و غذا
معماری
مهندسی و فناوری
هنر و تئاتر
محصولات
Investment Intelligence from Insider Trading - Original PDF
نویسندگان: خلاصه: The term insider trading refers to the stock transactions of the officers, directors, and large shareholders of a firm. Many investors believe that corporate insiders, informed about their firms' prospects, buy and sell their own firm's stock at favorable times, reaping significant profits. Given the extra costs and risks of an active trading strategy, the key question for stock market investors is whether the publicly available insider-trading information can help them to outperform a simple passive index fund. Basing his insights on an exhaustive data set that captures information on all reported insider trading in all publicly held firms over the past twenty-one years—over one million transactions!—H. Nejat Seyhun shows how investors can use insider information to their advantage. He documents the magnitude and duration of the stock price movements following insider trading, determinants of insiders' profits, and the risks associated with imitating insider trading. He looks at the likely performance of individual firms and of the overall stock market, and compares the value of what one can learn from insider trading with commonly used measures of value such as price-earnings ratio, book-to-market ratio, and dividend yield.
Successful Algorithmic Trading - Original PDF
نویسندگان: خلاصه: Whether the systematic rules codi ed by the strategy actually produce a consistent return and whether the strategy possesses positive performance in the backtests. Whether a strategy maintains this positive performance in a live implementation or whether it needs to be retired. The ability to compare multiple strategies/portfolios such that we can reduce the opportu- nity cost associated with allocating a limited amount of trading capital. The particular items of quantitative analysis of performance that we will be interested in are as follows: Returns - The most visible aspect of a trading strategy concerns the percentage gain since inception, either in a backtest or a live trading environment. The two major performance measures here are Total Return and Compound Annual Growth Rate (CAGR). Drawdowns - A drawdown is a period of negative performance, as de ned from a prior high-water mark, itself de ned as the previous highest peak on a strategy or portfolio equity curve. We will de ne this more concretely below, but you can think of it for now as a (somewhat painful!) downward slope on your performance chart. Risk - Risk comprises many areas, and we'll spend signi cant time going over them in the following chapter, but generally it refers to both risk of capital loss, such as with drawdowns, and volatility of returns. The latter usually being calculated as an annualised standard deviation of returns. Risk/Reward Ratio - Institutional investors are mainly interested with risk-adjusted returns. Since higher volatility can often lead to higher returns at the expense of greate
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves - Original PDF
نویسندگان: خلاصه: Play the forex markets to win with this invaluable guide to strategy and analysis Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it's third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market. The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win—on your own terms. Understand how the foreign currency markets work, and the forces that move them Analyze the market to profit from short-term swings using time-tested strategies Learn a variety of technical trades for navigating overbought or oversold markets Examine the unique characteristics of various currency pairs Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders.
Mastering R for Quantitative Finance: Use R to optimize your trading strategy and build up your own risk management system - Original PDF
نویسندگان: خلاصه: R is the essential skill to master for anyone looking to make an impact in quantitative finance. The reigning king of serious statistical languages, R gives you the power to turn your raw data into lucrative analyses - and this book shows you how. Chapter by chapter, the concepts of quantitative finance are interwoven with real R model programming. Its clear and practical approach gets you using R straight away for time series analysis, creating models for multiple factors, and harnessing big data for your predictive investment purposes. This book is dedicated to giving you the guidance to construct your own complete trading system, and the knowledge to tailor it to meet your needs and the needs of your clients. Get them the results that they expect as you learn how to handle foreign exchange and interest rate derivatives, using R for optimal hedging, and making sure that you have the analysis to guarantee a payoff from the most complex exotic options.
Risk and Trading on London’s Alternative Investment Market: The Stock Market for Smaller and Growing Companies - Original PDF
نویسندگان: خلاصه: Abstract: We conduct an extensive empirical study comparing the relative riskiness of two UK equity markets run by the London Stock Exchange: AIM the market for growth companies versus the Main Market, the market for more established companies. AIM has been a considerable success. Even by its survival over 19 years it has succeeded in relation to similar markets in other countries. During that period it has seen rapid growth and has emerged as the market of choice for smaller, newer companies in the UK and increasingly elsewhere. Investors often perceive AIM as riskier than the Main Market for comparable stocks. At a superficial level we find that AIM stocks may seem more risky than comparable Main Market stocks, but as the analysis is refined to ensure that the comparisons focus purely on the effect of being on different markets the difference shrinks and finally disappears. This conclusion concurs with the market practitioner’s view that there is no significant risk differential
Spectrum Trading in Multi-Hop Cognitive Radio Networks - Original PDF
نویسندگان: خلاصه: This SpringerBrief focuses on spectrum trading designs in multi-hop cognitive radio networks. It starts with the motivation for spectrum trading and the review of existing spectrum trading designs. Then, it presents a novel CRN architecture for spectrum trading considering spectrum trading’s economic features and wireless nature. Under this network architecture, it extends current single-hop per-user based spectrum trading design into a multi-hop transmission opportunity based one, and further into a session based one, while having economic properties guaranteed. This SpringerBrief not only provides a good review of current spectrum trading designs, it also touches on the cutting-edge interdisciplinary spectrum trading research on disparate fields of modeling, network architecture design, optimization theories, statistics, and economic theories. Advanced-level students studying computer science, electrical and computer engineering and economics, wireless network planners, and wireless spectrum engineers will find this book a useful tool.
Making a Market for Acts of God: The Practice of Risk Trading in the Global Reinsurance Industry - Original PDF
نویسندگان: خلاصه: Reinsurance is a financial market that trades in the risk of unpredictable and devastating disasters - such as Hurricane Katrina, the Tohoku earthquake and tsunami, and the terrorist attacks on the World Trade Centre. Such disasters are increasing in both frequency and severity, with the cost of their losses mounting rapidly. Reinsurance insures insurance companies, enabling them to pay claims arising from these losses. It is thus a market mechanism that is a critical part of the social and economic safety net, helping to pick up the pieces after disasters. Yet, how is the risk of such disasters calculated and traded in a global market? This book brings to life the reinsurance market through vivid real-life tales that draw from an ethnographic, "fly-on-the-wall" study of the global reinsurance industry over three annual cycles. The authors shadowed underwriters around the world as they traded risks through multiple disasters. For instance, this book takes readers into the desperate hours of pricing Japanese risks during March 2011, while the devastating aftermath of the Tohoku earthquake is unfolding. To show how the market works, the book offers authentic tales gathered from observations of reinsurers in Bermuda, Lloyd's of London, Continental Europe and SE Asia as they evaluate, price and compete for different risks as part of their everyday practice. Understanding how this market for disasters works has never been more critical given the impact of climate change and increased global connectivity, where a flood in one country can trigger losses to supply chains around the world. The authors develop a novel concept of how global markets work, which advances scholarship and challenges current thinking about how financial markets trade in intangible assets such as risk. This book will be useful to readers interested in markets for disasters, insurance, reinsurance and financial markets, and academics interested in the practice of financial markets specifically or the practice of strategy and organizations generally.
Kase on Technical Analysis Workbook + Video Course: Trading and Forecasting - Original PDF
نویسندگان: خلاصه: Learn all you need to know about trading and forecasting with technical analysis Kase on Technical Analysis is the ultimate guide to forecasting and trading technically, a comprehensive "all you need to know" review of the topics. Award-winning instructor, Cynthia A. Kase, CMT1, MFTA2, engineer, veteran energy trader, and one of the world's preeminent market technicians, captures her 30 plus years of experience in thirteen half-hour sessions, for more than six in-depth hours on technical analysis essentials. Viewers will develop a better understanding of charting and technical indicators, and get an inside look at cutting edge material based on Kase's own unique indicators and innovative approaches to trading and forecasting. The video describes key techniques for interpreting market behavior and developing a technical approach to trading. The workbook provides practice exercises that reinforce the concepts learned as Kase guides viewers through the various methodologies and their real-life applications to successful market interactions. Technical analysis is based on the premise that the behavior of a market reveals all that is known about it. Price action, volatility and rates of price changes may be harnessed by Kase's techniques to forecast future prices, identify low risk, high reward trading opportunities, and to cut losses while letting profits run. Kase on Technical Analysis shows how it's done, providing clear and wide-ranging instruction and expert insight that helps viewers to: * Build a foundational understanding of charting and technical indicators, including an introduction to latest techniques * Learn the most important technical methods for interpreting and analyzing market behavior * Effectively apply technical analysis to trading strategy, risk management and market forecasting * Formulate entry and exit strategies by using pattern recognition and properly applying technical indicators Technical analysis is a core discipline used by successful traders to assess market conditions and time trades. This package covers the aspects of technical analysis needed for intelligent interaction with the markets, from theory to practice, with concrete guidance toward real-world application. For traders wanting to "come up to speed" on technical analysis, for those wanting a refresher on the topic, as well as for seasoned traders looking for new ideas, Kase on Technical Analysis provides deep insight from a global authority. 1 Chartered Market Technician awarded by the Market Technicians Association 2 Master of Financial Technical Analysis awarded by the International Federation of Technical Analysts
Quantitative trading - algorithms, analytics, data, models, optimization - Original PDF
نویسندگان: خلاصه: This chapter gives an overview and some historical background of quantita- tive trading, the title of this book. It begins with a historical review of the evolution of the trading infrastructure, from verbal communication and hand signaling in an exchange to electronic platforms, in Section 1.1. It then gives in Section 1.2 an introduction to quantitative trading strategies and in par- ticular, the time-scales associated with different classes of strategies. In this connection, we give in Section 1.3 a brief historical account of the paradigm shift from the “efficient market hypothesis” (EMH) to arbitrage opportuni- ties via quantitative trading. In Section 1.4, we describe “quant funds” that use these quantitative trading strategies, and also the closely related mutual funds and hedge funds. An overview of the algorithms, analytics, data, models, and optimization methods — the subtitle of this book — used in quantita- tive trading is given in Section 1.5. Section 1.6 discusses the interdisciplinary background of the book and the anticipated diversity of its target audience. It also provides suggestions on how the book can be used by different groups of readers. Supplements and problems are given in Section 1.7.
Quantitative trading with r: understanding mathematical and computational tools from a ... quant's perspective - Original PDF
نویسندگان: خلاصه: The primary tools that quants and traders rely on to perform their daily activi- ties include intuition, data, computer hardware, computer software, mathematics, and finance. They utilize these tools in ingenious ways as a means to an end. The end, of course, is the generation of consistent profits in the financial markets. Many traders have done well for themselves by relying on intuition alone. But intuition alone, on average, will not yield superior results. A tool chest of sorts is required in order to maximize the quant/trader’s chances of producing consistent and favor- able outcomes. A programming language is one such tool. In this book, we will learn how to wield the R programming language for the purposes of manipulating data, performing math operations, automating workflows, displaying informative visualizations, creating reproducible results, and doing lots of other cool stuff. The R language R [88] is an open-source scripting language that has become very popular among statisticians, data science practitioners, and academics over the years. It is a func- tional programming language by nature, but it also supports the object oriented and imperative programming paradigms. 1 In some sense, R is both a program- ming language as well as a development framework. The framework has support for some advanced graphing capabilities and provides access to multiple state-of-the- art statistical packages. The language itself supports conditional statements, loops, functions, classes, and most of the other constructs with which VBA and C++ users are familiar. The plethora of contributed packages by third parties, a solid user-base, and a strong open-source community are some other key strengths of R. The R system can be divided into two conceptual parts:آیا کتاب مورد نظر هنوز بر روی سایت قرار نگرفته است؟ جای نگرانی نیست! کافی است بر روی گزینه سفارش کتاب کلیک کرده و درخواست خود را ثبت کنید. در کمتر از چند ساعت کتاب شما را آماده خواهیم کرد.