The strategies adopted by quantitative funds are: quantitative stock selection, quantitative timing, stock index futures arbitrage, commodity futures arbitrage, statistical arbitrage, option arbitrage, algorithmic trading, asset allocation and so on.
At present, the books that mainly introduce quantitative investment strategies are:
(1) Quantitative Investment-Strategy and Technology (Ding Peng/Electronic Industry Press /20 1 1, 2002). The book introduces the details, formulas and implementation methods of various quantitative strategies with more than 60 cases.
(2) High-frequency trading (translated by aldridge and Tan Xiaojun). /20 1 1 May/ machinery industry press), and expounds the principle, system and realization method of high-frequency trading.
(3) Active portfolio management (written by Grinal De (USA) and Kahn (USA), translated by Liao Li /2008-05-0 1/ Tsinghua University Publishing House) mainly introduces how to build active portfolio to win the market.
Four characteristics
(1) Stock selection relies on data indicators to conduct a detailed investigation of stocks and set expected indicators to test their potential.
(2) Evaluate the economic recovery industries through specific economic models, allocate the industry weights, and combine the investment ideas and analysis of fund managers.
(3) The 360-degree market scanning of this quantitative fund can avoid the limited choice range caused by the personal prejudice and lack of energy of the fund manager.
(4) Grasp subtle structural investment opportunities through refined investment operations.
Company valuation is an important method of company fundamental analysis. Under the logic of "value investment", we can judge the degree of stock price distortion in the secondary market through the valuation of the company, and then find out the stocks with undervalued or overvalued values as a reference for investment decision.