We should know that "quantitative investment strategy", as an investment trading strategy, is a technical means to guide investment by using the constructed investment model. The following is the quantitative investment futures strategy compiled by Bian Xiao for your reference only, and I hope it will help you.
Quantitative investment futures strategy
The construction of quantitative investor investment model is generally carried out under the framework of modern financial theory, which mainly includes: portfolio selection theory, efficient market theory, MM theory of corporate finance, capital option pricing theory, production pricing theory and arbitrage pricing theory.
When quantitative investors participate in financial market investment decision-making, the fundamental problem they face is what to buy. How much to buy? In fact, this problem itself is a choice of portfolio. The starting point and destination of modern financial research is to try to quantify and describe financial assets and the relationship between income and risk of financial assets. "Income and risk" is greatly influenced by "combination selection theory".
Mathematically, the mean is the first moment of the data sequence, and the variance is the second moment. According to this idea, we use "skewness" to describe the investment choice under the condition of "asymmetric distribution of asset returns" It is often used in dynamic portfolio management to measure risk by using the expected value of the difference from the preset target return.
The real situation is that there are more fuzzy uncertainties in the quantitative investment market. Fuzzy set theory, fuzzy decision theory, fuzzy programming theory and possibility theory provide us with an effective method.
Futures investment strategy
Understand the relationship between supply and demand of related varieties: in the process of futures investment, we must know its price. The price of commodity futures is mainly determined by the relationship between supply and demand of spot. At the same time, when supply exceeds demand, prices tend to fall, and when supply exceeds demand, prices tend to rise. Most investors should know the inventory of goods or the output at home and abroad in their daily life, and should also know the consumption and import data at home and abroad.
In addition to the relationship between supply and demand of spot futures will affect the price and trend, related concepts will also cause short-term price fluctuations, such as national macro-control and financial market fluctuations. Therefore, investors must constantly trade in this respect and understand all the fundamental supply and demand relations.
Pay attention to the mentality: when investing in futures, the trading mentality must be calm, and you have the ability to control your skeptical mentality, and you will not be unable to sleep because of future transactions. Successful investors must get rid of fear, and at the same time, they will not hurt their self-esteem when they lose money. They must maintain emotional stability and constantly accept failure.
We must pay special attention to these strategies of futures investment at ordinary times. In fact, understanding the relationship between supply and demand of varieties and related concepts is only the foundation. On this basis, it is most important to pay reasonable attention to the grasp of mentality. After all, your mentality determines whether you succeed in the investment process. If you don't have a good attitude, your investment can't be guaranteed.
Futures strategy of quantitative investment
First, quantitative stock selection. Quantitative stock selection is an act of judging whether a company is worth buying by quantitative methods. According to a certain method, if the company meets the conditions of this method, it will be put into the stock pool; If it is not satisfied, it will be deleted from the stock pool. There are many ways to quantify stock selection. Generally speaking, it can be divided into three categories: company valuation method, trend method and capital method.
Second, quantify timing. The predictability of the stock market is closely related to the efficient market hypothesis. If the efficient market theory or efficient market hypothesis is established, the stock price fully reflects all relevant information, and the price changes follow a random walk, so it is meaningless to predict the stock price. Judging from the characteristics of China stock market, the conclusions of most research reports support that China stock market has not yet reached weak efficiency, that is to say, the time series of China stock market is not sequence independent, but sequence related, that is, historical data plays a role in the formation of stock price. Therefore, the price can be predicted through the analysis of historical information.
Third, stock index futures arbitrage. Arbitrage of stock index futures refers to the behavior of taking advantage of the unreasonable price of stock index futures market, participating in the trading of stock index futures and stock spot market at the same time, or trading stock index contracts with different maturities and different (but similar) categories at the same time to earn the difference. Among them, stock index futures arbitrage is mainly divided into two types: current arbitrage and intertemporal arbitrage.