Axioma Alpha Factor Unveiled in Presentation at Duke University.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Dr. Sebastian Ceria, Chief Executive Officer of Axioma, Inc., today unveiled the Axioma Alpha Factor--a patented-pending new method that improves risk forecasts of factor models--in a presentation to participants in the Alpha Strategies/UBS America Investment Seminar at the Fuqua School of Business The Fuqua School of Business is the business school of Duke University in Durham, North Carolina. Fuqua (pronounced few-qua) is one of the youngest U.S. business schools affiliated with elite research universities, but has shown strong performance in rankings by business of Duke University in Durham, N.C. "The Axioma Alpha Factor mitigates the impact of the most vexing and stubborn problems in investment management today: model risk, estimation risk, and underestimation bias inherent in portfolio construction," said Ceria. "Portfolio managers often find that their portfolios have a level of realized risk, or realized active risk, that is different from their target, or predicted, values," said Ceria. "This systematic bias of factor models is well known among practitioners yet is, strangely enough, ignored by risk model providers." Ceria noted that the Axioma Alpha Factor uses the portfolio to be analyzed to deduce one or more "missing" factors that are orthogonal At right angles. The term is used to describe electronic signals that appear at 90 degree angles to each other. It is also widely used to describe conditions that are contradictory, or opposite, rather than in parallel or in sync with each other. to the original factors in the risk model. The presence of the additional portfolio factor recovers a component of risk that otherwise remains unaccounted for An inclusive term (not a casualty status) applicable to personnel whose person or remains are not recovered or otherwise accounted for following hostile action. Commonly used when referring to personnel who are killed in action and whose bodies are not recovered. . A white paper entitled "Axioma's Alpha Factor: Better Risk Estimation by Reducing Risk Model Portfolio Selection Bias" is available at www.axiomainc.com. About Axioma Axioma, Inc. develops and markets innovative risk analysis, portfolio rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting and performance attribution products for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. The company's products--Axioma Portfolio, Axioma Robust Risk Models and Axioma Performance Attribution--help leading financial firms manage risk, increase returns and improve operational efficiency. Axioma is headquartered in New York, with offices in Atlanta and Singapore. For more information about Axioma, please contact Reid Gearhart, 914-734-1191, or visit the company's Web site at www.axiomainc.com. |
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