Clive Corcoran – Long-Short Market Dynamics

Clive Corcoran – Long-Short Market Dynamics

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Description

Hedge funds are now the largest volume players in the capital markets. They follow a wide assortment of strategies but their activities have replaced and overshadowed the traditional model of the long only portfolio manager. Many of the traditional technical indicators and commonly accepted trading strategies have become obsolete or ineffective.

The focus throughout the book is to describe the principal innovations that have been made within the equity markets over the last several years and that have changed the ground rules for trading activities. By understanding these changes the active trader is far better equipped to profit in today s more complex and risky markets. Long/Short Market Dynamics includes:

A completely new technique, Comparative Quantiles Analysis, for identifying market turning points is introduced. It is based on statistical techniques that can be used to recognize money flow and price/momentum divergences that can provide substantial profit opportunities.

Power laws, regime shifts, self–organized criticality, phase transitions, network dynamics, econophysics, algorithmic trading and other ideas from the science of complexity are examined. All are described as concretely as possible and avoiding unnecessary mathematics and formalism.

Alpha generation, portfolio construction, hedge ratios, and beta neutral portfolios are illustrated with case studies and worked examples.

Episodes of financial contagion are illustrated with a proposed explanation of their origins within underlying market dynamics.

AUTHOR INFORMATION

Clive M. Corcoran has been an active trader for many years on both sides of the Atlantic. He is also a trading software developer and consultant and focuses on risk reduction and market neutral strategies for portfolio managers. He has been a university lecturer in Economics and Statistics, is an acknowledged communicator on the capital markets and has been a featured speaker at trading expos and workshops. Previously he worked in radio broadcasting and was the founder and CEO of a personal and business management company for entertainment professionals that operated in Los Angeles, London and Toronto. Corcoran’s newsletter and daily market analysis are published atwww.tradewithform.com. He lives in Berkshire, England.

Stock trading course: Learn about Stock trading

A stock trader or equity trader or share trader is a person or company involved in trading equity securities.
Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker.
Such equity trading in large publicly traded companies may be through a stock exchange.
Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets.

Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf.
Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade.

Major stock exchanges have market makers who help limit price variation (volatility) by buying and selling a particular company’s shares on their own behalf and also on behalf of other clients.