Quantitative Momentum: A Practitioner's Guide to Building a Momentum-Based Stock Selection System (Wiley Finance)
Wesley R. Gray, Jack R. Vogel
- 出版商: Wiley
- 出版日期: 2016-10-03
- 售價: $1,480
- 貴賓價: 9.5 折 $1,406
- 語言: 英文
- 頁數: 208
- 裝訂: Hardcover
- ISBN: 111923719X
- ISBN-13: 9781119237198
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商品描述
Quantitative Momentum brings momentum investing out of Wall Street and into the hands of individual investors. In his last book, Quantitative Value, author Wes Gray brought systematic value strategy from the hedge funds to the masses; in this book, he does the same for momentum investing, the system that has been shown to beat the market and regularly enriches the coffers of Wall Street's most sophisticated investors. First, you'll learn what momentum investing is not: it's not 'growth' investing, nor is it an esoteric academic concept. You may have seen it used for asset allocation, but this book details the ways in which momentum stands on its own as a stock selection strategy, and gives you the expert insight you need to make it work for you. You'll dig into its behavioral psychology roots, and discover the key tactics that are bringing both institutional and individual investors flocking into the momentum fold.
Systematic investment strategies always seem to look good on paper, but many fall down in practice. Momentum investing is one of the few systematic strategies with legs, withstanding the test of time and the rigor of academic investigation. This book provides invaluable guidance on constructing your own momentum strategy from the ground up.
- Learn what momentum is and is not
- Discover how momentum can beat the market
- Take momentum beyond asset allocation into stock selection
- Access the tools that ease DIY implementation
The large Wall Street hedge funds tend to portray themselves as the sophisticated elite, but momentum investing allows you to 'borrow' one of their top strategies to enrich your own portfolio. Quantitative Momentum is the individual investor's guide to boosting market success with a robust momentum strategy.
商品描述(中文翻譯)
個人投資者的動量投資綜合指南
《Quantitative Momentum》將動量投資從華爾街帶入個人投資者的手中。在他上一部作品《Quantitative Value》中,作者Wes Gray將系統性價值策略從對沖基金帶給大眾;在這本書中,他同樣為動量投資做了這件事,這一系統已被證明能夠超越市場,並定期為華爾街最精明的投資者帶來豐厚的回報。首先,您將了解動量投資是什麼「不是」:它不是「成長」投資,也不是一個深奧的學術概念。您可能見過它用於資產配置,但這本書詳細說明了動量作為股票選擇策略的獨立性,並提供了您需要的專業見解,以使其為您所用。您將深入探討其行為心理學根源,並發現吸引機構和個人投資者紛紛加入動量投資的關鍵策略。
系統性投資策略在理論上總是看起來不錯,但許多在實踐中卻失敗。動量投資是少數幾個能夠經受住時間考驗和學術調查嚴謹性的系統性策略之一。本書提供了從零開始構建您自己的動量策略的寶貴指導。
- 了解什麼是動量以及什麼「不是」
- 發現動量如何超越市場
- 將動量從資產配置擴展到股票選擇
- 獲取簡化自我實施的工具
大型華爾街對沖基金往往自我描繪為精明的精英,但動量投資讓您能夠「借用」他們的頂尖策略來豐富自己的投資組合。《Quantitative Momentum》是個人投資者提升市場成功的堅實動量策略指南。