Beta strategy refers to passive tracking index strategy and trend tracking strategy. Alpha strategy is a combination of traditional fundamental analysis and technical analysis.

Beta strategy refers to the strategy of passively tracking index. In the long run, the beta strategy is likely to be profitable, but due to the large market fluctuations, there will often be losses or quilt cover in a certain period of time. This strategy is superior to hedging strategy in both upward and downward trends. For example, only do more in the upward trend; Short only in downtrend. Of course, this requires a prepared judgment on the long-term trend of the market.

Alpha is mainly used for shock, and beta belongs to trend jiacang. In other words, the beta strategy has no technical concept.

Refine the alpha strategy in futures and solve the problem of alternation between the two, and futures will become.