Community Alpha of QuantConnect — Part 1: Following numerous quantitative strategies

Quantpedia
1 min readJul 1, 2021

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Quantitative based community is represented by the Quantconnect — Algorithmic Trading Platform, where quants can research, backtest and trade their systematic strategies. Additionally, similar to Seeking Alpha, there is a possibility to follow other quants/analysts through the open free market — Alpha Market. To our best knowledge, the literature on community/social media alpha is scarce, and this paper aims to fill this gap. In the first part, we evaluate the benchmark strategy that consists of all strategies in the Alpha Market that are equally weighted. Moreover, through multidimensional scaling and clustering analysis, we examine how well can significantly lower amount of strategies track the aforementioned benchmark. This could solve the problem of costly and inconvenient following of every strategy in the market. Stay tuned for the 2nd and 3rd parts of this series, where we will step on the gas and explore factor meta-strategies built on top of the QuantConnect’s Alpha Market.

https://quantpedia.com/community-alpha-of-quantconnect-part-1-following-numerous-quantitative-strategies/

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Quantpedia
Quantpedia

Written by Quantpedia

Quantpedia.com — The Encyclopedia of Quantitative and Algorithmic Trading Strategies

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