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Longs and shorts were 50/50 and my program showed no preference for up or down days. High volatility and high volume was what it liked.
by jspaulding 14y ago
Longs and shorts were 50/50 and my program showed no preference for up or down days. High volatility and high volume was what it liked.
- debacle 14y agoI guess the real question is: what was your alpha in that timeframe?
- jspaulding 14y agoI'm probably showing my ignorance here but what do you mean by alpha? And how is it quantified?
- solutionyogi 14y agoAlpha is how much excess return you had over the market (or risk free return( E.g. if you made 10% when overall market was up 15% for the year, you have negative alpha. [As someone could have bought index and held it through year to generate better return] If you made 20% when market was up 10%, you have positive alpha. That is why everyone in the investment community is 'seeking alpha'.