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Recent advances in computing power and the potential to make more realistic assumptions due to increased flexibility have led to the increased prevalence of simulation models in economics. While models of this class, and particularly…

General Economics · Economics 2019-06-12 Donovan Platt

Generative models (GMs) such as Generative Adversary Network (GAN) and Variational Auto-Encoder (VAE) have thrived these years and achieved high quality results in generating new samples. Especially in Computer Vision, GMs have been used in…

Machine Learning · Computer Science 2018-04-27 Honggang Zhou , Yunchun Li , Hailong Yang , Wei Li , Jie Jia

Modeling financial time series is challenging due to their high volatility and unexpected happenings on the market. Most financial models and algorithms trying to fill the lack of historical financial time series struggle to perform and are…

Machine Learning · Statistics 2021-07-14 Rikli Samuel , Bigler Daniel Nico , Pfenninger Moritz , Osterrieder Joerg

Deep Gaussian Processes learn probabilistic data representations for supervised learning by cascading multiple Gaussian Processes. While this model family promises flexible predictive distributions, exact inference is not tractable.…

Machine Learning · Statistics 2020-10-23 Jakob Lindinger , David Reeb , Christoph Lippert , Barbara Rakitsch

Modern portfolio optimization is centered around creating a low-risk portfolio with extensive asset diversification. Following the seminal work of Markowitz, optimal asset allocation can be computed using a constrained optimization model…

Portfolio Management · Quantitative Finance 2023-10-24 Yuanrong Wang , Antonio Briola , Tomaso Aste

When it comes to stock returns, any form of predictability can bolster risk-adjusted profitability. We develop a collaborative machine learning algorithm that optimizes portfolio weights so that the resulting synthetic security is maximally…

Econometrics · Economics 2024-04-08 Philippe Goulet Coulombe , Maximilian Goebel

Designing an optimum portfolio that allocates weights to its constituent stocks in a way that achieves the best trade-off between the return and the risk is a challenging research problem. The classical mean-variance theory of portfolio…

Portfolio Management · Quantitative Finance 2021-07-26 Jaydip Sen , Sidra Mehtab

I present IGAN (Inferent Generative Adversarial Networks), a neural architecture that learns both a generative and an inference model on a complex high dimensional data distribution, i.e. a bidirectional mapping between data samples and a…

Machine Learning · Computer Science 2024-09-04 Luc Vignaud

We propose the Margin Adaptation for Generative Adversarial Networks (MAGANs) algorithm, a novel training procedure for GANs to improve stability and performance by using an adaptive hinge loss function. We estimate the appropriate hinge…

Machine Learning · Computer Science 2017-05-24 Ruohan Wang , Antoine Cully , Hyung Jin Chang , Yiannis Demiris

It is widely recognized that when classical optimal strategies are applied with parameters estimated from data, the resulting portfolio weights are remarkably volatile and unstable over time. The predominant explanation for this is the…

Statistics Theory · Mathematics 2009-06-15 Carl Lindberg

In this paper we develop models of asset return mean and covariance that depend on some observable market conditions, and use these to construct a trading policy that depends on these conditions, and the current portfolio holdings. After…

Portfolio Management · Quantitative Finance 2021-02-10 Jonathan Tuck , Shane Barratt , Stephen Boyd

The goal of graph representation learning is to embed each vertex in a graph into a low-dimensional vector space. Existing graph representation learning methods can be classified into two categories: generative models that learn the…

Machine Learning · Computer Science 2017-11-23 Hongwei Wang , Jia Wang , Jialin Wang , Miao Zhao , Weinan Zhang , Fuzheng Zhang , Xing Xie , Minyi Guo

Data plays a fundamental role in consolidating markets, services, and products in the digital financial ecosystem. However, the use of real data, especially in the financial context, can lead to privacy risks and access restrictions,…

Portfolio optimization methods have evolved significantly since Markowitz introduced the mean-variance framework in 1952. While the theoretical appeal of this approach is undeniable, its practical implementation poses important challenges,…

Portfolio Management · Quantitative Finance 2024-05-28 Adil Rengim Cetingoz , Olivier Guéant

Modern scientific research and applications very often encounter "fragmentary data" which brings big challenges to imputation and prediction. By leveraging the structure of response patterns, we propose a unified and flexible framework…

Machine Learning · Computer Science 2022-03-10 Fang Fang , Shenliao Bao

Generative Adversarial Net (GAN) has been proven to be a powerful machine learning tool in image data analysis and generation. In this paper, we propose to use Conditional Generative Adversarial Net (CGAN) to learn and simulate time series…

Machine Learning · Statistics 2019-04-26 Rao Fu , Jie Chen , Shutian Zeng , Yiping Zhuang , Agus Sudjianto

Recommender systems are often designed based on a collaborative filtering approach, where user preferences are predicted by modelling interactions between users and items. Many common approaches to solve the collaborative filtering task are…

Machine Learning · Computer Science 2021-10-11 Yinchong Yang , Florian Buettner

Credit risk management within supply chains has emerged as a critical research area due to its significant implications for operational stability and financial sustainability. The intricate interdependencies among supply chain participants…

Machine Learning · Computer Science 2025-05-30 Zizhou Zhang , Xinshi Li , Yu Cheng , Zhenrui Chen , Qianying Liu

Generating realistic time series data is important for many engineering and scientific applications. Existing work tackles this problem using generative adversarial networks (GANs). However, GANs are unstable during training, and they can…

Machine Learning · Computer Science 2024-05-14 Ilan Naiman , N. Benjamin Erichson , Pu Ren , Michael W. Mahoney , Omri Azencot

We introduce a solution scheme for portfolio optimization problems with cardinality constraints. Typical portfolio optimization problems are extensions of the classical Markowitz mean-variance portfolio optimization model. We solve such…

Optimization and Control · Mathematics 2019-06-25 Lorenz M. Roebers , Aras Selvi , Juan C. Vera