This is a summary of links featured on Quantocracy on Tuesday, 08/11/2020. To see our most recent links, visit the Quant Mashup. Read on readers!
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The Best Machine Learning Algos for Landing a Top Hedge Fund Job in the 2020s [Auquan]Hedge Funds analyst roles represent some of the most fiercely contested roles in all of Finance (if not any industry). The work is incredibly varied and challenging, making the jobs the long term aim of many ambitious juniors from diverse backgrounds like Computer Science, finance, economics, Physics and so much more. This creates an intense competition for roles. In turn, the challenge becomes
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Looking at 7-day Win Streaks [Quantifiable Edges]The recent rally has left the market short-term overbought by most measures. Short-term overbought often triggers some studies that suggest a downside edge, but when the overbought condition gets very strongly overbought, then those downside edges often disappear. And at some point, rather than strength leading to weakness, the strength will beget more strength. The strong move higher over the
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What is Sequence Risk and Can Trend Following Help Reduce It? [Alpha Architect]What exactly is sequence risk? Well get more into the weeds of it, but for now, consider it the risk of loss when you can least afford it. Think of a client leaving their retirement party with their shiny new set of steak knives and then learning via the news that their enormous position in their employers stock has just dropped 50%. The authors of this paper look deeply into sequence