Introduction

The book "Quantitative Strategies for Achieving Alpha" is written by Richard Tortoriello and aims to provide an in-depth discussion on how to achieve "Alpha" in investment, that is, excess returns that exceed market benchmarks. This book stems from the author's experience creating quantitative stock picking models for Standard & Poor's and is designed to provide investors with a practical roadmap to improve their investment process, whether they adopt a qualitative, quantitative or a combination of the two investment methods.

The book details a variety of quantitative investment strategies that have been extensively back-tested by Standard & Poor's Compustat Point in Time database and proven to generate alpha over the long term. This book covers seven core elements for building an investment strategy: profitability, valuation, cash flow generation, growth, capital allocation, price momentum, and risk (red flags). It uses a building-block approach to quantitative analysis, based on 42 single factors and nearly 70 two-factor and three-factor backtests, to guide investors on how to effectively combine individual factors into robust investment screens and models. In addition, this book provides more than 20 proven investment screening methods for generating successful investment ideas, and provides advice on how to use quantitative strategies to manage risk and build quantitative investment portfolios. This data-dense book is designed to help readers gain a clear understanding of the empirical factors driving markets and provide the tools to make more profitable investment decisions based on this knowledge.

Main features

• Solid theoretical foundation
• Rich practical cases
• Clear operating instructions
• Suitable for practical applications

Suitable for the crowd

• Quantitative Analyst
• Algorithmic Trader
• Financial Engineer
• Data Scientist