Equity stat arb is this, done across a universe of similar assets and at scale. Good implementations - normalize for common risk (sectors, countries, factors) - look at volume as well as price - use many time horizons - include short-term fundamentals to explain big moveshttps://twitter.com/goodalexander/status/1383992798265806858 …
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Replying to @nope_its_lily @macrocephalopod
Levered up, it’s pretty boring most of the time, and uncomfortably exciting every so often...
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Replying to @afekz @nope_its_lily
Many funds got so excited in 2007 that it was a bit too much for them and they had to shut down.
9:35 AM - 19 Apr 2021
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