Which series has the highest beta. BraveNewCoin Liquid Index for Bitcoin 1D BNC Trading Brave Ne Yellow Green Blue Orange Which period could be construed as 'risk-off' 30 Dow Jones Industrial Average Index - 1W - TVC 033906,80 H34588.68 L33783.55 C34299.13 +422.34 (+1.25 %) IW Dow Jones Industrial Average Index 17 1973 '73-'77 '73-'75 '70-'78 '75-'77 1974 1975 1976 1977 1978 USD- 1050.00 970.00 890.00 833.42 810.00 760.00 700.00 660.00 620.00 580.00 548.00 O What is Quantitative Easing? (QE) Perform external research The expansion of the money supply. The quarantine of high default probability MBS's from the open market. FED operations to increase inter-bank liquidity to drive down interest rates. Theft of the life force of billions of people. An act of supreme political cowardice. The inability of multiple generations to accept the consequences of their own selfish actions. All the above. What are the fundamental behavioral components in non-stationary data? A trending component A seasonal component A random component which cannot be attributed to either trends or repeating occilations A & B A & C A, B & C B&C How does QE impact the markets? Perform external research Volatility down. Assets down. Volatility down. Assets up. Volatility up. Assets down. Volatility up. Assets up. How does QT impact the markets? Perform external research Volatility up. Assets up. Volatility up. Assets down. Volatility down. Assets up. Volatility down. Assets down. When considering how asset prices are quoted [BTC/USD]. How does QE impact the markets? Fundamental supply and demand principle. Inflation of the denominator results in relatively higher valuation of the numerator. Inflation of the numerator results in relatively higher valuation of the denominator. Inflation of the numerator results in relatively higher valuation of risky assets. Inflation of the denominator results in favorable valuation of asset futures. When seeking data/edges for your strategies, what is best? The selection of a single godlike edge which appears to have a 100% hit rate. The aggregation of multiple edges, all of which are kinda ok. The selection of a single edge which you know for sure will never blow up, but its alpha is questionable. The aggregation of multiple edges, all of which are perfect, too good to be true. < Adams Investing Masterclass 2.0 - Final Exam Imagine a strategy starting on 1/1/2018, and finishing 1/1/2023. Imagine this ideal strategy is consistent with the principles/technique I have highlighted earlier in the masterclass on exploiting the full price cycle. If the total number of trades is, say, 50... What would the 'Average number of bars in trade:' metric show, assuming you're using the 1D chart? 42 77 38 33 36 < Adams Investing Masterclass 2.0 - Final Exam What is the difference between the sortino and the sharpe ratio? Sharpe uses semivariance for the denominator and sortino uses semivariance in the numerator. Sharpe uses standard deviation for the denominator and sortino uses downside deviation for the denominator. Sharpe uses standard deviation for the denominator and sortino uses the probability density function of negative returns in the denominator. There is no difference, they both use the accumulated variability of returns to make a judgement on portfolio efficiency. Sharpe uses standard deviation for the numerator and sortino uses standard deviation in the denominator. 3 What is the difference between the sortino and the omega ratio? There is no difference, they both use the accumulated variability of returns to make a judgement on portfolio efficiency. Omega uses semivariance for the denominator and sortino uses the probability density function of negative returns in the denominator. Omega uses a probability density function of negative returns for the denominator and sortino uses downside deviation for the denominator. Omega uses semivariance for the denominator and sortino uses semivariance in the numerator. Omega uses standard deviation of negative returns for the denominator and sortino uses standard deviation of total returns in the denominator. You're deploying a long term SDCA strategy. Market valuation analysis shows a Z-Score of 1.01 Long Term TPI is @ -0.6 (Previous: -0.4) Market valuation has not been below 1.5Z. What is your optimal strategic choice? Do not start DCA Continue DCA Stop DCA Pause DCA Deploy LSI of remaining capital You're deploying a long term SDCA strategy. Market valuation analysis shows a Z-Score of 1.87 Long Term TPI is @ -0.35 (Previous: -0.4) Market valuation has been below 1.5Z for a couple of months. What is your optimal strategic choice? Do not start DCA Continue DCA Stop DCA Pause DCA Deploy LSI of remaining capital A secret service courier carrying a briefcase with the codes to the USA's nuclear defense system has a mean delivery time of 62 minutes with a standard deviation of 13 minutes. What is the probability you'll get your nuclear codes before the Russians launch a ICBM attack on the USA in 75 minutes. This is the hardest question in the exam. Please calculate it carefully. 2.28% 34.13% 97.72% 68.27% 69.15% 15.87% 84.13% Of all the price analysis methodologies that exist, which are the foundational methods. Longing & Shorting. Trading & Investing. Volume & sentiment. On-chain & Macroeconomic. 8 8 Mean reversion & liquidity extraction. Mean reversion & trend following. Hypothetically, which of these return distributions is preferred by a cryptocurrency investor. choice 1 choice 1 choice 2 choice 3 How does one achieve 'time- coherence'? Entry Price/Exit Price Structuring. Strategic forecasting through the use of trend lines, Fibonacci levels and oscillator studies. Volume Profiling. Price based levels of interest based on the aggregation of purchase data. Cannot be falsified. Through the manipulation of chart time resolution or indicator calibrations to make the indicators operate over the same intended signal period. Macroeconomic. Asset class trends derived from information coming from the real economy. Closely related to capital flows. Lack of time coherence leads to: Excessive mixed interference. Signals converted into market beta. Excessive constructive interference. Signals producing too much alpha. Excessive destructive interference. Signals not producing alpha. Excessive constructive interference. Signals alpha decaying.