An excerpt from this article basically sums up the overall design philosophy of CASTrader:
Lo, who also serves as chief scientific officer at the hedge fund Alphasimplex, breaks with both EMH and behavioral economics in seeing emotions as central to survival in the market. But this is just one element in a theory Lo is developing called the Adaptive Market Hypothesis. It shows how investors use trial and error to establish rules of thumb when placing financial bets and then hone their skills amid disruptive changes. Think of the market as an ecosystem made up of hedge funds, mutual funds, retail investors, and other "species," all competing for profit opportunities. It's a Darwinian world where market shifts render some strategies obsolete, resulting in chances missed and money lost, says Lo. "The only way to maintain an edge is to continually innovate."
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