"Automating the Investment Process, The Joy of Backtesting", Barra Newsletter, Summer 1998
Topic: Investing (Investment Management) |
Asset Class: Equities
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Opportunities and strategies need to be verified to gain a measure of their prospective value. One popular process for verifying an investment strategy is the backtest, which, while straightforward in theory, can often be tedious and time-consuming in practice. Since competitive advantage belongs to those who can quickly implement ideas and strategies, investment success is often a function of the underlying investment infrastructure, an idea that is explored briefly in this article.
Publication:
Authors: BOHLEN Reiner
