The Book of Alternative Data: A Guide for Investors, Traders and Risk Managers
The first and only book to systematically addressmethodologies and processes of leveraging non-traditionalinformation sources in the context of investing and riskmanagementHarnessing non-traditional data sources to generate alpha,analyze markets, and forecast risk is a subject of intense interestfor financial professionals. A growing number of regularly-heldconferences on alternative data are being established, complementedby an upsurge in new papers on the subject. Alternative data isstarting to be steadily incorporated by conventional institutionalinvestors and risk managers throughout the financial world.Methodologies to analyze and extract value from alternative data,guidance on how to source data and integrate data flows withinexisting systems is currently not treated in literature. Fillingthis significant gap in knowledge, The Book of Alternative Data isthe first and only book to offer a coherent, systematic treatmentof the subject.This groundbreaking volume provides readers with a roadmap fornavigating the complexities of an array of alternative datasources, and delivers the appropriate techniques to analyze them.The authors—leading experts in financial modeling, machinelearning, and quantitative research and analytics—employ astep-by-step approach to guide readers through the dense jungle ofgenerated data. A first-of-its kind treatment of alternative datatypes, sources, and methodologies, this innovative book:Provides an integrated modeling approach to extract value frommultiple types of datasetsTreats the processes needed to make alternative data signalsoperationalHelps investors and risk managers rethink how they engage withalternative datasetsFeatures practical use case studies in many different financialmarkets and real-world techniquesDescribes how to avoid potential pitfalls and missteps instarting the alternative data journeyExplains how to integrate information from different datasetsto maximize informational valueThe Book of Alternative Data is an indispensable resource foranyone wishing to analyze or monetize different non-traditionaldatasets, including Chief Investment Officers, Chief Risk Officers,risk professionals, investment professionals, traders, economists,and machine learning developers and users.