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> If this really worked, you'd be making billions on the stock market That's kind of a weird thing to say given that the market cap for quantitative finance i
by tech_ken 1y ago
> If this really worked, you'd be making billions on the stock market
That's kind of a weird thing to say given that the market cap for quantitative finance is well over a billion dollars, and this product clearly seems to be targeting that sector (plus others) as a B2B service provider. Do you think that all those quantitative trading firms are using something other than time-series analytics?
Also, setting aside the issue of whether time-series forecasting is valuable for stock-market trading, it seems like the value add of this product isn't necessarily the improved accuracy of the forecasts, but rather the streamlined ETL -> Feature Engineering -> Model Design process. For most firms (either in quantitative finance or elsewhere) that's the work of a small dedicated team of highly-trained specialists. This seems like it has the potential to greatly reduce the labor requirements for such an organization without a concomitant loss of product quality.
- Vaslo 1y agoI can’t read the original other than what was quoted, but time series will never make you millions in stocks (or millions more than not using it) because time series uses past information to predict a time series, and much of stock pricing is already set via efficient market that those firms have already beat you to.