Asif Noor – Modern Systematic Macro (S6E9)
Flirting with Models
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The Different Types of Alpha Signals
The phrase alpha signal actually can mean very different things depending on who you're talking to. The way I judge an alpha signal is really by correlation of its return profile to other things like equity, beta, or to any other risk factors that I may be looking at. You know, there's a lot of directionality and a lot of beta that comes in. So you have to be very careful of how you define and how you construct these anomalies.
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