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Top Traders Unplugged
SI283: How to Beat the Benchmarks ft. Richard Brennan
Feb 18, 2024
Learn how to outperform benchmarks in investing, the benefits of trend following strategies, system diversification for better performance, and the importance of risk management in trading. Dive into the world of portfolio building and the value of diversified trend following systems in achieving long-term success.
01:12:08
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Quick takeaways
- System diversification in trend following involves applying multiple trend following systems to a single market for correlation offsets and reduced volatility.
- Utilizing an ensemble of 10 uniquely constructed trend following systems reduces selection bias and improves adaptation to diverse market conditions.
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The Benefits of System Diversification
System diversification in trend following involves applying multiple trend following systems to a single market, resulting in different return streams that offer correlation offsets and reduce overall volatility. By having an ensemble of uniquely configured systems, the ensemble breaks down correlation properties and decreases the impact of selection bias. This approach improves the ability to capture outliers and increases the chances of capitalizing on diverse future trends, as the ensemble can adapt to different market environments.
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