Sep
1
Adam Hewison wrote a guest post about Marketclub reviews before, as a follow-up of that, he starts a special offer and shares here for anyone interested.
Hi MathFinance.cn readers,
Maybe you've seen or heard about trading veteran Adam Hewison's powerful Trade Triangle technology. But unless you are a member of MarketClub, you truly have no idea of the full benefit of these incredible indicators!
Maybe you just haven't wanted to take the leap? Well, then this email is for you. For the first time ever, MarketClub is offering a special introductory offer...
...only $8.95 for the first 30 days!
INO.com believes in the profit-making potential of MarketClub so much, they’ve decided to give the first 30 days of full, no limits access to everything MarketClub has to offer for only $8.95.
• Trade Triangles -- that will tell you EXACTLY when to get in and out of the market
• Email Alerts -- that will let you know when a new Trade Triangle occurs OR set one of several other alert options
• Talking Charts -- will tell you what any of our 250,000 symbols are doing - yes, TELL you
• Smart Scan -- will help you quickly find trades that meet 24 different criteria
• Multiple Portfolios -- will allow you to organize ALL of your portfolios and know what is happening in each of them in an instant
• Chart Analysis -- is just like Trend Analysis, but you can get it on any symbol, anytime
...plus much, MUCH more!.
Can you afford 30 cents a day?
I don't know about you, but I probably lose more than 30 cents a day on the floorboard of my car and if I had the opportunity - like you do right now - to use some extra pocket change to help me get on the right side of every trade, I wouldn't hesitate.
Try MarketClub right now and I promise you will never look back. Click here sign-up now for only $8.95!
To Your Trading Success!
Adam Hewison
Hi MathFinance.cn readers,
Maybe you've seen or heard about trading veteran Adam Hewison's powerful Trade Triangle technology. But unless you are a member of MarketClub, you truly have no idea of the full benefit of these incredible indicators!
Maybe you just haven't wanted to take the leap? Well, then this email is for you. For the first time ever, MarketClub is offering a special introductory offer...
...only $8.95 for the first 30 days!
INO.com believes in the profit-making potential of MarketClub so much, they’ve decided to give the first 30 days of full, no limits access to everything MarketClub has to offer for only $8.95.
• Trade Triangles -- that will tell you EXACTLY when to get in and out of the market
• Email Alerts -- that will let you know when a new Trade Triangle occurs OR set one of several other alert options
• Talking Charts -- will tell you what any of our 250,000 symbols are doing - yes, TELL you
• Smart Scan -- will help you quickly find trades that meet 24 different criteria
• Multiple Portfolios -- will allow you to organize ALL of your portfolios and know what is happening in each of them in an instant
• Chart Analysis -- is just like Trend Analysis, but you can get it on any symbol, anytime
...plus much, MUCH more!.
Can you afford 30 cents a day?
I don't know about you, but I probably lose more than 30 cents a day on the floorboard of my car and if I had the opportunity - like you do right now - to use some extra pocket change to help me get on the right side of every trade, I wouldn't hesitate.
Try MarketClub right now and I promise you will never look back. Click here sign-up now for only $8.95!
To Your Trading Success!
Adam Hewison
Aug
16
Received an email just now from professor Dr. Freddy Delbaen that David Heath passed away last week, what a great loss! For those of you who don't know who he is, David Heath is one of the authors who propose the influential Coherent risk measure.
Silent Salute!
Below is the email by Prof. Freddy Delbaen.
Silent Salute!
Below is the email by Prof. Freddy Delbaen.
Quotation
Dear All,
Last week I received the sad news that Dave Heath passed away. Dave was one of the four "gang members" who started risk measures (around 1993). His contribution to the development of this field cannot be underestimated. Dave was also the mathematical pillar of the Heath-Jarrow-Morton models for interest rates, by now the standard in interest rate modelling.
As a close collaborator he visited ETH many times and some of you certainly met him during these visits. They will remember him as a sharp, logic, independently thinking mathematician with a lot of common sense.
Some 6 years ago, Dave had to stop academic activities. He started to have memory problems and the diagnosis was Alzheimer. In November 2010, Artzner, Eber, Heath, Ku and myself got the David Garrick Halmstad prize for the best paper in actuarial sciences. Dave was happy to get the prize. However his condition deteriorated quickly and since January he was in a specialised hospital. Last week he had an accident and a couple of days later he passed away.
For those who knew him it represents a great loss.
Freddy Delbaen
Last week I received the sad news that Dave Heath passed away. Dave was one of the four "gang members" who started risk measures (around 1993). His contribution to the development of this field cannot be underestimated. Dave was also the mathematical pillar of the Heath-Jarrow-Morton models for interest rates, by now the standard in interest rate modelling.
As a close collaborator he visited ETH many times and some of you certainly met him during these visits. They will remember him as a sharp, logic, independently thinking mathematician with a lot of common sense.
Some 6 years ago, Dave had to stop academic activities. He started to have memory problems and the diagnosis was Alzheimer. In November 2010, Artzner, Eber, Heath, Ku and myself got the David Garrick Halmstad prize for the best paper in actuarial sciences. Dave was happy to get the prize. However his condition deteriorated quickly and since January he was in a specialised hospital. Last week he had an accident and a couple of days later he passed away.
For those who knew him it represents a great loss.
Freddy Delbaen
Aug
3
My blog was down last few days due to a technical problem of server, sorry for that. A few interesting papers I have read recently and like to share with you.
Market Timing with Option-Implied Distributions: A Forward-Looking Approach http://w4.stern.nyu.edu/emplibrary/Market%20timing%20with%20Option%20implied%20distributions_Feb_2011.pdf
Market Timing with Option-Implied Distributions: A Forward-Looking Approach http://w4.stern.nyu.edu/emplibrary/Market%20timing%20with%20Option%20implied%20distributions_Feb_2011.pdf
Quotation
We address the empirical implementation of the static asset allocation problem by developing a forwardlooking approach that uses information from market option prices. To this end, we extract constant maturity S&P 500 implied distributions and transform them to the corresponding risk-adjusted ones. Then we form optimal portfolios consisting of a risky and a risk-free asset and evaluate their out-of-sample performance. We find that the use of risk-adjusted implied distributions times the market and makes the investor better off than if she uses historical returns’ distributions to calculate her optimal strategy. The results hold under a number of evaluation metrics and utility functions and carry through even when transaction costs are taken into account.
Not surprisingly, the reported market timing ability deteriorated during the recent subprime crisis. An extension of the approach to a dynamic asset allocation setting is also presented.
Not surprisingly, the reported market timing ability deteriorated during the recent subprime crisis. An extension of the approach to a dynamic asset allocation setting is also presented.
Jul
24
Although mathematics is not the most attractive field of study nowadays, there were some days when it was quite appealing. Millions of students and great illuminated minds dedicated their life to make discoveries that eventually improved quantity, structure, space and change – the main concepts studied by mathematics. It started as a philosophy, developed as a science and finally influenced everything, from technology and architecture to art. While most of us don’t realize it, the founding and evolution of mathematics is the main reason for the modern life we take for granted.
The Egyptian decimal system and the Mesopotamian weights and measures
While the ancient Greek civilization is considered the founder of the main principle of mathematics, archaeologists found proofs that Egyptians also developed quite an advanced decimal system. This is the earliest system that allowed indefinite counting through adding new symbols. The Egyptian hieroglyphs reveal that the system is in evidence since around 3000 BC. This innovative model influenced the Minoans’ own decimal system, a Bronze Age civilization that lived on island of Crete.
While de Egyptians early mathematicians were focused on the decimal system, the Mesopotamian scientists developed a functional weighting and measuring system sometime around 4000 BC. Sexagesimal schemes (a numeral system that has 60 as its base) were used to count slaves, animals, fish, dead animals, certain types of beer and milk products. Other innovative patterns were created to count field measurement, wheat, malt, milk and beer measurement.
Source: https://content.ncetm.org.uk/images/microsites/primary_magazine/issue_4/egyptian_2.jpg
Pythagoras’ findings in geometry, irrationality and the square root of two
Pythagoras of Samos was an Ionian Greek philosopher and mathematician that among other, founded a religious movement called Pythagoreanism. He lived between 570 – 495 BC, a period when he founded the most famous ancient school of mathematics. The Pythagoreans thought that mathematics is not just an advanced subject, but the base on which relies the principles of all the surrounding things. Pythagoras has commonly been given credit for discovering a great geometrical theorem that states that in a right-angled triangle area, the area of the square on the hypotenuse is equal to the areas of the squares of the other sides. Due to the secrecy that surrounded the Pythagorean School, there is no evidence that Pythagoras itself has worked on this theorem.
This theorem however, pushed Hippasus, one of the Pythagorean students, to discover the existence of irrational numbers. When trying to represent the square root of 2 as a fraction, using geometry, he proved that one cannot write the square root of 2 as a fraction, therefore this was irrational. His finding could not be accepted by his fellow Pythagoreans, therefore he was ultimately thrown overboard and drowned.
Source: http://upload.wikimedia.org/wikipedia/commons/thumb/d/d2/Pythagorean.svg/250px-Pythagorean.svg.png
The Egyptian decimal system and the Mesopotamian weights and measures
While the ancient Greek civilization is considered the founder of the main principle of mathematics, archaeologists found proofs that Egyptians also developed quite an advanced decimal system. This is the earliest system that allowed indefinite counting through adding new symbols. The Egyptian hieroglyphs reveal that the system is in evidence since around 3000 BC. This innovative model influenced the Minoans’ own decimal system, a Bronze Age civilization that lived on island of Crete.
While de Egyptians early mathematicians were focused on the decimal system, the Mesopotamian scientists developed a functional weighting and measuring system sometime around 4000 BC. Sexagesimal schemes (a numeral system that has 60 as its base) were used to count slaves, animals, fish, dead animals, certain types of beer and milk products. Other innovative patterns were created to count field measurement, wheat, malt, milk and beer measurement.
Source: https://content.ncetm.org.uk/images/microsites/primary_magazine/issue_4/egyptian_2.jpg
Pythagoras’ findings in geometry, irrationality and the square root of two
Pythagoras of Samos was an Ionian Greek philosopher and mathematician that among other, founded a religious movement called Pythagoreanism. He lived between 570 – 495 BC, a period when he founded the most famous ancient school of mathematics. The Pythagoreans thought that mathematics is not just an advanced subject, but the base on which relies the principles of all the surrounding things. Pythagoras has commonly been given credit for discovering a great geometrical theorem that states that in a right-angled triangle area, the area of the square on the hypotenuse is equal to the areas of the squares of the other sides. Due to the secrecy that surrounded the Pythagorean School, there is no evidence that Pythagoras itself has worked on this theorem.
This theorem however, pushed Hippasus, one of the Pythagorean students, to discover the existence of irrational numbers. When trying to represent the square root of 2 as a fraction, using geometry, he proved that one cannot write the square root of 2 as a fraction, therefore this was irrational. His finding could not be accepted by his fellow Pythagoreans, therefore he was ultimately thrown overboard and drowned.
Source: http://upload.wikimedia.org/wikipedia/commons/thumb/d/d2/Pythagorean.svg/250px-Pythagorean.svg.png
Jul
13
My co-author Prof. Han and Prof. Rhu will attend the 8th Conference of Asia-Pacific Association of Derivatives and I am not going due to personal reason. Thanks for your excellent contribution, have fun and enjoy Korean beach & food.
Quotation
Dear Dr. Biao Guo, Dr. Qian Han and Dr. Doojin Rhu,
I am pleased to notify that the review committee has decided to accept your paper, “Nonparametric Tests for the Martingale Restriction: A New Approach” for the presentation at the 2011 Asia-Pacific Association of Derivatives (APAD) on August 25th and 26th.
APAD, whose inaugural conference was held in 2004, is an organization comprising academics, practitioners as well as regulators operating in the derivative markets in the Asia-Pacific region. The main objective of this association is to promote research on, and increase knowledge of, the use of derivative securities and markets. Fully supported by the Korea Exchange (KRX) and with the help of the other participating exchanges in the Asia-Pacific region, the APAD has alternated the conference venue between Busan, Korea and other places in the Asia-Pacific region such as Bangalore and Gurgaon, India in the past.
Free accommodation for the nights of August 24th and 25th and free meals will be provided for paper presenters under the auspices of the Korea Derivative Association and the Korea Exchange. You can stay at Grand Hotel in Busan, Korea (http://www.grandhotel.co.kr/english/default.aspx), where the conference will be held. The hotel is located in the Haeundae Beach, which is known as the most beautiful beach in Korea.
Selected peer reviewed papers from the 8th annual APAD conference will appear in a special issue of the Journal of Futures Markets in August 2012. One best paper award of US $2,000 and two honorable mentions of US $1,000 respectively will be presented at the conference.
More information will be provided at the conference website at http://www.kafo.or.kr/, I am looking forward to seeing you at the conference in Busan, Korea.
I am pleased to notify that the review committee has decided to accept your paper, “Nonparametric Tests for the Martingale Restriction: A New Approach” for the presentation at the 2011 Asia-Pacific Association of Derivatives (APAD) on August 25th and 26th.
APAD, whose inaugural conference was held in 2004, is an organization comprising academics, practitioners as well as regulators operating in the derivative markets in the Asia-Pacific region. The main objective of this association is to promote research on, and increase knowledge of, the use of derivative securities and markets. Fully supported by the Korea Exchange (KRX) and with the help of the other participating exchanges in the Asia-Pacific region, the APAD has alternated the conference venue between Busan, Korea and other places in the Asia-Pacific region such as Bangalore and Gurgaon, India in the past.
Free accommodation for the nights of August 24th and 25th and free meals will be provided for paper presenters under the auspices of the Korea Derivative Association and the Korea Exchange. You can stay at Grand Hotel in Busan, Korea (http://www.grandhotel.co.kr/english/default.aspx), where the conference will be held. The hotel is located in the Haeundae Beach, which is known as the most beautiful beach in Korea.
Selected peer reviewed papers from the 8th annual APAD conference will appear in a special issue of the Journal of Futures Markets in August 2012. One best paper award of US $2,000 and two honorable mentions of US $1,000 respectively will be presented at the conference.
More information will be provided at the conference website at http://www.kafo.or.kr/, I am looking forward to seeing you at the conference in Busan, Korea.
