Risk & PortfolioIntermediate
Kelly Criterion
The Kelly criterion is a mathematical formula that determines the optimal fraction of capital to risk on a bet or trade, maximizing long-term geometric growth while managing the risk of ruin.
10 min read
Quant Finance Glossary
Essential concepts for quant trading, research, and interviews — explained clearly.
40
Concepts
7
Categories
AllCareer & Interview Prep (6)Trading Concepts (10)Probability & Statistics (6)Options & Derivatives (6)Risk & Portfolio (6)Math Foundations (5)Quantitative Finance (1)
3 concepts
Risk & PortfolioIntermediate
Value at Risk (VaR)
Value at Risk (VaR) estimates the maximum expected loss of a portfolio over a specified time period at a given confidence level, serving as a standard risk measure across the financial industry.
10 min read
Risk & PortfolioIntermediate
Factor Investing
Factor investing is a systematic investment approach that targets specific characteristics (factors) — such as value, momentum, size, and quality — believed to drive returns across asset classes.
10 min read
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