Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
QUANTOLOGY Around the Analysts
QUANTITATIVE STRATEGY LONG ONLY EUROPEAN EQUITY
Following naively analysts’ targets and recommendations from leading banks is not creating extra value for investors.
But exploiting analysts’ behaviours can drive extra returns.
Quantology Capital Management’s strategy relies on exploiting systematically the following bias :
- Herding effect
- Price momentum
... in order to outperform stock markets over the long run.
Investment universe: European listed companies.
To outperform the following index with similar volatility:
- STOXX 600 Net Total Return