Quant Strategy or mistaken?

not a quant by any means but currently working at a place that deals with NG and I stumbled into info on pipelines about their daily scheduled capacity, operating, operational avaliabilty, etc. I was wondering if a quant strategy would be to compile all this data, calculate approx how much they're making from the gas the flows and then trade the stock based on that info (ie. buy when the market is underpricing how much they have made that Q and etc) or am i misinterpreting how quant stuff works?

 

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Yeah that’s just using alt data. I would say that would be considered more quantamental than pure quant as the trades are still discretionary. Quants are more technical, using various different techniques to find patterns and also create algorithms to trade/take advantage of those patterns.

In terms of philosophy, I would say that pure quants try their best to remove human judgement when making trades and rely solely on the data and advanced statistical techniques, which tends to lead to a systematic approach. Fundamental investors rely on traditional financial data alongside human judgement. Quantamental is in between quant and fundamental, in the sense that the decision ultimately lies on human judgement but quantitative techniques are used to gain a better perspective of the market.

But overall, the definition for quant is really broad and not that well understood.

 

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