What signals do you use to get into a trend following trade - price breakouts, or moving averages? That's a question which has come up several times on the Systematic Investor podcast in recent years. Through this article I'd like to answer the question a bit more detail and give an overview of the [...]
It's been my pleasure to give an introductory presentation/course on options and volatility to a select group of students at Queen's University. Download the slide deck here. Main discussion points: The basics: forward pricing theory, quanto vs. local forwards Alternatives to the Black-Scholes model Skew and term structure Put-Call Parity Sensitivities ("Greeks") The GME [...]
As outlined in part 1 of this article, Bitcoin mining uses a lot of power, and because this power isn’t 100% renewable, Bitcoin has a carbon footprint. That’s a fact. A lot of the criticism that’s directed at Bitcoin is based on the assumption that it’s useless. A digital mirage which neither has substance [...]
One year ago, on 23 March 2020, the S&P 500 closed at 2,237 index points. Today, it's at 3,913 - an almost 75% increase in value. Meanwhile, the Nasdaq 100 has rallied from a low of 7,000 to about 12,800 today, up 83%. In Europe, the Eurostoxx 50 is up 60%, and in Japan [...]
According to Digiconomist, Bitcoin’s (BTC) annual carbon footprint equals that of Switzerland (40 Mt CO2) because running its network is power-intensive, consuming approximately as much power as Finland requires in a single year (85 TWh). The numbers for Ethereum (ETH) are smaller (14 Mt CO2, which is about the same as the annual CO2 [...]
This is an excerpt of the topic of the month "Flight to inflation" from our most recent Focus report. To read the whole thing and a lot more, check out our subscription options. If you like to stay updated on our blog posts and other free stuff, sign up for our newsletter! When [...]
Those of you who are long time subscribers already know. We like to talk about pieces of algorithmic art, such as the graphics on our website or our all-time favorite by Manolo Gamboa. And we like alternative asset classes. Not just since Janet Yellen promised to "act big" on financial easing at her nomination [...]
In (real) tennis you need to take almost every shot. If you don't return the ball, your opponent wins. However, even though you need to return the ball over the net, you don't have to go all-in with each and every shot. You can control the risk - sometimes you push, other times you [...]
George Coyle and I have collected and published what we believe are some of the most interesting takeaways from "The Man Who Solved the Market" - a great book about Jim Simons and Renaissance Technologies (RenTec) authored by Gregory Zuckerman. You can read about those takeaways HERE in part 1, and HERE in part [...]
Written by Antonio Catalano, edited by Moritz Seibert We recommend you read parts 1 and 2 before reading part 3. You can access part 1 HERE and part 2 HERE. Part 3 Success, failure, and gambling In life, "success" is not definable in a unique way. Success means different things to different people. That's [...]
