Has anyone here actually used Python code to make an investment decision?
Just wondering if there is more than just hype around it? There used to be a time that you could scrape data that was useful but all websites nowadays block them, so I struggle to find any good use for coding when making an investment decision. Would love to know if there are others who have different opinion on this?
Since I am in high school I am just a retail trader but I use python for making investment decisions by using it to check correlation between stocks and to make sure my securities are uncorrelated. I also use it in order to have a good standard deviation across my portfolio. Lastly, I used python to make a more advanced/effective screener than just using a regular screener.
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I've done it.
Username checks out.
Yes.
sorry for an off topic reply - I will be interning at Citadel this upcoming summer, is there anyway I can reach out to you to ask some questions? Only if you're comfortable of course. thanks :)
Sure, I'll PM you.
All our investment decisions are made by python code.
Not sure where did you get the impression that systematic strategies on either Python or other programming languages are hype...
If your statement was correct, then I guess all systematic funds like RenTech, DEShaw, PDT, 2Sigma are also hype.
Nowadays, more and more funds (including discretionary ones) require analysts to know how to code in Python (P72 non systematic side, etc).
What do fundamental analysts do in python, do they now use python for modeling instead of excel or is it used in another way?
For typical financial modeling, Excel is the go-to choice, given how intuitive it is in that context. Python helps with other tasks, such as:
Yes of course. Just not the ones that recruit investment banking analysts (e.g., not the ones that most people on the site are going to recruit for). There are extremely few exceptions to this rule, though a few exceptions do exist.
Certain valuation groups use it for valuation of earnouts (Monte Carlo Sims. Etc.). Less IBD, more of a specialist niche
Yes?
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