Statistical Arbitrage: Algorithmic Trading Insights and Techniques

by Andrew Pole

While statistical arbitrage has faced some tough times?as markets experienced dramatic changes in dynamics beginning in 2000?new developments in algorithmic trading have allowed it to rise from the ashes of that fire. Based on the results of author Andrew Pole?s own research and experience running a statistical arbitrage hedge fund for eight years?in partnership with a group whose own history stretches back to the dawn of what was first called pairs trading?this unique guide provides detailed insights into the nuances of a proven investment strategy. Filled with in-depth insights and expert advice, Statistical Arbitrage contains comprehensive analysis that will appeal to both investors looking for an overview of this discipline, as well as quants looking for critical insights into modeling, risk management, and implementation of the strategy.

Genres: Finance

256 pages, Hardcover

First published October 1, 2007

Reviews

[Saud Amin Khan · Rating 2 out of 5]

Critiquing a book isn’t easy, especially when leaving a negative review. But it’s rare to walk away from a book feeling more confused than when you started, as if your time was wasted. Unfortunately, that’s what happened here.

This book tries to cover a lot but misses the mark on practical utility. The examples could have been helpful if they were coherently linked, but the disjointed narrative makes it quite hard to follow. The problem isn’t with the math—it’s with the muddled writing and poorly structured content.

There are better, more actionable, and approachable books available that are likely to offer greater value for your time.