With little more to invest, and most things that the U.S. government, reintroduced in January, two analysts from the respective group at ING Investment Management in New York, combined research and modeling expertise to hatch a diabolical plan: Manhattan hit each subway station in less than 24 hours.
Hedge Fund Analyst Matt Ferrisi and Quant analyst Chris Solarz collected notoriously flawed MTA schedule, ran regression analysisTrillions of combinations and possibilities of using advanced software and then plotted a route that would cover all 468 stations in 22 hours 45 minutes. And they deliver to the Grand Central Station for a whole day of work. Score: Exactly 22 hours and 51 minutes later, the bleary-eyed duo climbed the platform and on Park Avenue, Winner and new Guinness world record crossing.
Lesson, everything IROs ask what in the name of socialism to do with it, yourStock trading? Well, the year 2009 is definitely a good year for the quantitative investors. Why? Quant models work best to manage the risk in unpredictable markets. Tales of destruction, despite a series of high profile investments quant shops collected high profits in 2008, including Renaissance Technologies, up 80%. What has changed in 2009? Rationality and market efficiency changes remain unsubstantiated rumors that the economic outlook is bleak and central banks are all with the Wii's enthusiasticBanking world "quantitative easing" () read more on another day. These Terms constitute the kind of environment that may in the photon mapping the shortest route through a large maze of variables to flourish a la Ferrisi and Solarz.
What to do? Kick your cool quotient of IR by one level learning more about quant trading. You know, knowledge is power. For example, this week the link below you can read about ING view (since we started their business analyststoday) by quantitative markets and the way out that maps construct market sentiment, quality and value to opportunity.
Right now, with the exception of stronger than expected trade today (31 March) we are not surprised from market activities and we expect to make money from shares to other distribution opportunities to move in April. As ING points out, however, the markets always return to the basics at a given time. The less government the subway stops between flushing debris and foundValue, the faster we will to get there.