LEADER 04595nam 2200649Ia 450 001 9910139205703321 005 20230725020243.0 010 $a1-118-00122-2 010 $a1-119-19872-0 010 $a1-283-02598-1 010 $a9786613025982 010 $a1-118-00120-6 035 $a(CKB)2560000000059062 035 $a(EBL)698884 035 $a(OCoLC)708569130 035 $a(SSID)ssj0000482658 035 $a(PQKBManifestationID)11331262 035 $a(PQKBTitleCode)TC0000482658 035 $a(PQKBWorkID)10526563 035 $a(PQKB)11194344 035 $a(MiAaPQ)EBC698884 035 $a(Au-PeEL)EBL698884 035 $a(CaPaEBR)ebr10447821 035 $a(CaONFJC)MIL302598 035 $a(EXLCZ)992560000000059062 100 $a20100803d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAlpha trading$b[electronic resource] $eprofitable strategies that remove directional risk /$fPerry Kaufman 210 $aHoboken, NJ $cJohn Wiley & Sons$dc2011 215 $a1 online resource (322 p.) 225 0 $aWiley trading series 300 $aIncludes index. 311 $a0-470-52974-1 327 $aAlpha Trading; Contents; Preface; CHAPTER 1 Uncertainty; Impact on Trading; The Inevitable Price Shocks; Why So Much about Price Shocks?; Complexity and Contagion Risk; The Ugly Side; Taking Defensive Action; Accepting Performance for What It Is; CHAPTER 2 The Importance of Price Noise; Noise Explained; Different Markets; A Closer Look at Equity Index Markets; Importance of Noise; Determining the Strategy; Capitalizing on the Trend of Noise; CHAPTER 3 Pairs Trading: Understanding the Process; The Process; The Basics; Target Volatility; Home Builders; Using ETFs 327 $aPortfolio of Home Builder PairsExecution and the Part-Time Trader; Stop-Losses; Trading Intraday; Key Points to Remember; CHAPTER 4 Pairs Trading Using Futures; Futures; Mechanics of a Pairs Trade in Futures; Inflation Scares; Trading Energy Pairs; Revisiting Momentum with Energy Markets; A Miniportfolio of Natural Gas Pairs; The Inflation Pairs: Crude, the EURUSD, and Gold; Equity Index Pairs; Leveraging with Futures; London Metals Exchange Pairs; Volatility Filters; Interest Rate Futures; Summary; CHAPTER 5 Risk-Adjusted Spreads; Dell and Hewlett-Packard 327 $aTrading Both Long-Term (Hedged) Trends and Short-Term Mean ReversionGold, Platinum, and Silver; The Platinum/Gold Ratio; Implied Yield; The Yield Curve; Trend Trading of London Metal Exchange Pairs; Summary; CHAPTER 6 Cross-Market Trading and the Stress Indicator; The Crossover Trade; The Stress Indicator; Gold, Copper, and Platinum; Mining Companies; Agribusiness Pairs; The Major Energy Producers; Portfolio of Cross-Market Energy Pairs; Other Opportunities; Some Final Notes; CHAPTER 7 Revisiting Pairs Using the Stress Indicator; Futures Markets and the Stress Indicator; Equity Index Futures 327 $aInterest Rate FuturesThe Portfolio Spreadsheet; Summary of Pairs Trading; CHAPTER 8 Traditional Market-Neutral Trading; Home Builders; Trend or Mean Reversion?; Basic Market-Neutral Concept; Volatility-Adjusting the Position Size; Arbing the Dow: A Large-Scale Program; Thoughts about Market-Neutral Trend Following; Market Neutral Using Futures; Market-Neutral Comments; CHAPTER 9 Other Stat-Arb Methods; Trade-Offs; System Briefs; New Highs and New Lows; Merger Arb; Creating Your Own Index Arbitrage; Arbing the Dow; Arbing the S&P 500-Index Arbitrage; About the Companion Web Site 327 $aAbout the AuthorIndex 330 $aFrom a leading trading systems developer, how to make profitable trades when there are no obvious trends How does a trader find alpha when markets make no sense, when price shocks cause diversification to fail, and when it seems impossible to hedge? What strategies should traders, long conditioned to trend trading, deploy? In Alpha Trading: Profitable Strategies That Remove Directional Risk, author Perry Kaufman presents strategies and systems for profitably trading in directionless markets and in those experiencing constant price shocks. The bookDetails how to exploit new 410 0$aWiley Trading 606 $aPairs trading 606 $aFutures 615 0$aPairs trading. 615 0$aFutures. 676 $a332.64/52 700 $aKaufman$b Perry J$0101887 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910139205703321 996 $aAlpha trading$91965035 997 $aUNINA