合伙交易手册：应用股权、选择权与期货的策略 THE HANDBOOK OF PAIRS TRADING
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作者： Douglas S. Ehrman 著
出 版 社： 吉林长白山
出版时间： 2006-12-1字数：版次： 1页数： 258印刷时间： 2006/12/01开本：印次：纸张： 胶版纸I S B N ： 9780471727071包装： 精装内容简介
Pairs trading—and other market-neutral strategies—have been around since the organization of listed markets. Once used only by large institutional investors and hedge funds, this approach has recently been adopted by many individual traders looking to take money out of the markets.
In The Handbook of Pairs Trading, financial professional Douglas Ehrman combines his extensive knowledge and experience within this field to provide you with the tools and techniques necessary to successfully begin managing your own pairs trading portfolio.
Divided into five parts, The Handbook of Pairs Trading explores pairs trading from a variety of angles, each with the joint goal of illustrating both the general tenets of the strategy and presenting the particular approach that Ehrman believes to be superior to all others. In the first three parts, Ehrman explores the elements that make up the trading of equity pairs and the requisite skills that accompany that endeavor. You'll receive a brief history of this discipline, and then learn about some of the most important features of pairs trading, including market neutrality, arbitrage, and technical analysis. After exploring each of these three major components independently, Ehrman spends time pulling them all together—through Unified Pairs Trading Theory—so you can begin to integrate pairs trading into your own investment or trading style.
While pairs trading is easiest to understand when considering equities, the discussion of options, futures, and currencies in the final two parts gives you an expanded collection of tools by which to manage your portfolio. Here, Ehrman explores the application of Unified Pairs Trading Theory to these alternate asset classes and securities types, and takes you step by step through a series of trade examples across various asset classes—to both highlight the nuances of each and to solidify your understanding of the theory.
The Handbook of Pairs Trading clearly explains the theory and practice of this important discipline, and breaks down its strategy so you can gain a firm understanding of the underlying dynamics of pairs trading. Filled with in-depth insight and expert advice, The Handbook of Pairs Trading is a comprehensive resource for those looking to implement this proven and profitable trading strategy.
作者简介
Douglas S. Ehrman is a hedge fund manager and a leading authority on pairs trading. He is one of the founders and the Chief Executive Officer of AlphAmerica Asset Management LLC in Chicago. He also served as the chief executive officer of AlphAmerica Financial, Inc., the company that operated PairsTrading.com prior to its merger with PairTrader.com. Mr. Ehrman holds several securities licenses and held several positions with prominent investment firms prior to launching his own enterprise. He has been a featured speaker at several investment conferences, the editor of a daily research newsletter, and has been a guest on the CNN Financial Network to discuss pairs trading and market-neutral strategies.
目录
Introduction
PART ONE: The Market-Neutral Element
Chapter 1: Pairs Trading: A Brief History
Chapter 2: Market Neutrality
Chapter 3: The Market-Neutral Investment Process
Chapter 4: Market Neutrality and Pairs Trading
PART TWO: The Arbitrage Element
Chapter 5: Arbitrage Factors
Chapter 6: Arbitrage and Pairs Trading
PART THREE: The Technical Analysis Element
Chapter 7: Technical Tools and Indicators
Chapter 8: The Technicals of Pairs Trading
PART FOUR: The Unified Theory
Chapter 9: Reviewing the Elements
Chapter 10: Trading Pairs Fundamentally
Chapter 11: The Technical Approach
Chapter 12: The Overlays
Chapter 13: The Unified Pairs Trading Theory
PART FIVE: Advanced Strategies and Examples
Chapter 14: Options Basics: Terms and Strategies
Chapter 15: Pairs Trading with Options
Chapter 16: Futures and Currencies
Chapter 17: Trade Examples
Epilogue
About the Author
Index
