Alpha#56

Type: alpha_56 • Category: indicators

Description

Alpha#56 - negative rank with cap.

Parameters

Name	Type	Description	Required	Default
dataExp	string	price data	no
returns	string	List of returns	no
cap	string	List of market cap	no

Help

Alpha#56

Description

Alpha#56 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates a negative rank with a market capitalization cap.

What does this worker do?

This worker calculates the Alpha#56 indicator using the provided price data, returns, and market capitalization. The indicator is designed to provide a signal for investment decisions.

How to interpret the results

The results of the Alpha#56 indicator can be interpreted as a score that represents the negative rank of a stock with a market capitalization cap. A higher score indicates a more favorable investment opportunity.

Parameters

The following parameters are required to calculate the Alpha#56 indicator:

• dataExp: price data
  • Type: pandas.DataFrame
  • Description: Price data used to calculate the indicator
• returns: List of returns
  • Type: list
  • Description: List of returns used to calculate the indicator
• cap: List of market cap
  • Type: list
  • Description: List of market capitalization values used to calculate the indicator

Usage

To use this worker, simply provide the required parameters and run the calculation. The resulting indicator value can be used to inform investment decisions.

Visualizing the Indicator

The following images demonstrate how to use the Alpha#56 indicator:

Reference

For more information on the Alpha 101 indicators, including the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:

• 101 Formulaic Alphas by Zura Kakushadze