Global Markets Training

This one-day workshop – designed for fund managers, equity traders and salespersons – investigates momentum trading in today’s equity markets by testing a portfolio of stocks selected by their relative strength and analysing their performance versus a buy and hold strategy. Each delegate will be equipped with a PC and relevant software in order to follow and investigate the practical and theoretical examples provided during the workshop.

	Duration: One day (9.00am to 5.00pm)
	Location: Apex City of London Hotel – London, UK
	Trainer: Nick Wesolowski
	Course fee: £895 + VAT – Register online

Course Outline

Introduction to Model Testing
+ Brief introduction to the testing model and platform.
+ Model code will be provided for attendees in electronic and printed formats.

Comparing Emerging Markets versus Developed Markets
+ Analysing returns in detail
+ How to bring improvements of 100% over buy and hold.
+ How some markets can deliver an annual return of 40% or more per year.

Stock Selection
+ Testing different criteria for stock selection in portfolios.
+ Using linear regression slope, relative strength, etc.
+ Which is the best measure of a stock’s strength relative to its index and peers?
+ Exploring a variety of measures and examining their effectiveness.

Portfolio Size
+ Testing portfolio size: concentration of positions.
+ What is the optimal portfolio size?
+ The larger number of stocks the more results begin to reflect the index.
+ The smaller number the greater the returns but the higher the volatility.

Test Buying Weakness rather than Strength
+ Dogs Of The Dow, does it work as a strategy in today’s markets?
+ Are the Dogs unfashionable stocks that will surprise by outperforming this years winners?
+ Testing the results of buying weakness.
+ Constructing a portfolio of the poorest performing shares and rebalancing each year.

Delta Neutral Portfolio Construction
+ Examining a long/short portfolio equally weighted; long the strongest and short the weakest.

Portfolio Rebalancing
+ Varying the timeframes for portfolio rebalancing.

Filters
+ Introducing filters such as wait one day, one week etc after a trade signal.

Position Size
+ Testing position size based on specific criteria such as volatility and trend direction.

Volatility as a Market Timing Alternative
+ Analyse a volatility expansion system for trade timing as an alternative trading approach.
+ Comparing the volatility expansion system approach with momentum system results.

The Importance of Market Maturity
+ Comparing results from markets at different stages of maturity.