Profitable Machine Learning Stock Picking Strategies?
February 21, 2024 - Equity Premium, Investing Expertise
Can machine learning models pick stocks that unequivocally generate alpha out-of-sample? In their November 2023 paper entitled “The Expected Returns on Machine-Learning Strategies”, Vitor Azevedo, Christopher Hoegner and Mihail Velikov assess expected net returns and alphas of machine learning-based anomaly trading strategies. They use nine machine learning models to predict next-month stock returns based on… Keep Reading