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We consider an investor facing a classical portfolio problem of optimal investment in a log-Brownian stock and a fixed-interest bond, but constrained to choose portfolio and consumption strategies that reduce a dynamic shortfall risk…

Portfolio Management · Quantitative Finance 2017-08-04 Imke Redeker , Ralf Wunderlich

Quantum Approximate Optimization Algorithms (QAOA) have demonstrated a strong potential in addressing graph-based optimization problems. However, the execution of large-scale quantum circuits remains constrained by the limitations of…

Quantum Physics · Physics 2025-06-11 Vicente P. Soloviev , Antonio Márquez Romero , Josh Kirsopp , Michal Krompiec

Effectively encoding inequality constraints is a primary obstacle in applying quantum algorithms to financial optimization. A quantum model for Markowitz portfolio optimization is presented that resolves this by embedding slack variables…

Optimization and Control · Mathematics 2026-01-08 Pablo Thomassin , Guillaume Guerard , Sonia Djebali , Vincent Marc Lambert

We use an optimization procedure based on simulated bifurcation (SB) to solve the integer portfolio and trading trajectory problem with an unprecedented computational speed. The underlying algorithm is based on a classical description of…

Computational Finance · Quantitative Finance 2020-09-18 Kyle Steinhauer , Takahisa Fukadai , Sho Yoshida

We present a hybrid classical-quantum framework for portfolio construction and rebalancing. Asset selection is performed using Ledoit-Wolf shrinkage covariance estimation combined with hierarchical correlation clustering to extract n = 10…

Portfolio Management · Quantitative Finance 2026-03-19 Abraham Itzhak Weinberg

Quadratic Unconstrained Binary Optimization (QUBO) problems are prevalent in real-world applications, such as portfolio optimization, but pose significant computational challenges for large-scale instances. We propose a hybrid…

Quantum Physics · Physics 2025-11-06 Soumyadip Das , Suman Kumar Roy , Rahul Rana , M Girish Chandra

The rapid growth of crypto markets has opened new opportunities for investors, but at the same time exposed them to high volatility. To address the challenge of managing dynamic portfolios in such an environment, this paper presents a…

Portfolio Management · Quantitative Finance 2025-07-29 Antonino Castelli , Paolo Giudici , Alessandro Piergallini

Many real-world problems are naturally formulated as higher-order optimization (HUBO) tasks involving dense, multi-variable interactions, which are challenging to solve with classical methods. Quantum optimization offers a promising route,…

This study introduces a dynamic investment framework to enhance portfolio management in volatile markets, offering clear advantages over traditional static strategies. Evaluates four conventional approaches : equal weighted, minimum…

Portfolio Management · Quantitative Finance 2025-04-07 Jinhui Li , Wenjia Xie , Luis Seco

We analyze 3,171 US common stocks to create an efficient portfolio based on the Chicago Quantum Net Score (CQNS) and portfolio optimization. We begin with classical solvers and incorporate quantum annealing. We add a simulated bifurcator as…

Quantum Physics · Physics 2020-11-04 Jeffrey Cohen , Clark Alexander

The problem of portfolio optimization is one of the most important issues in asset management. This paper proposes a new dynamic portfolio strategy based on the time-varying structures of MST networks in Chinese stock markets, where the…

Statistical Finance · Quantitative Finance 2017-04-12 Fei Ren , Ya-Nan Lu , Sai-Ping Li , Xiong-Fei Jiang , Li-Xin Zhong , Tian Qiu

Applying optimal control algorithms on realistic quantum systems confronts two key challenges: to efficiently adopt physical constraints in the optimization and to minimize the variables for the convenience of experimental tune-ups. In…

Quantum Physics · Physics 2022-02-09 Yao Song , Junning Li , Yong-Ju Hai , Qihao Guo , Xiu-Hao Deng

Portfolio optimization under strict cardinality constraints is a combinatorial challenge that defies classical convex optimization techniques, particularly in the context of "Direct Indexing" and ESG-constrained mandates. In the Noisy…

Quantum Physics · Physics 2026-02-17 Javier Mancilla , Theodoros D. Bouloumis , Frederic Goguikian

Quantum annealers can solve QUBO problems efficiently but struggle with continuous optimization tasks like regression due to their discrete nature. We introduce Quadratic Continuous Quantum Optimization (QCQO), an anytime algorithm that…

Quantum Physics · Physics 2026-01-01 Sascha Mücke , Thore Gerlach , Nico Piatkowski

We adopt deep learning models to directly optimise the portfolio Sharpe ratio. The framework we present circumvents the requirements for forecasting expected returns and allows us to directly optimise portfolio weights by updating model…

Portfolio Management · Quantitative Finance 2021-01-26 Zihao Zhang , Stefan Zohren , Stephen Roberts

We propose a practical, physics-inspired benchmarking suite to challenge both quantum and classical computers by mapping real-time quantum dynamics to a common optimization format. Using a parallel-in-time encoding, we convert the real-time…

Quantum Physics · Physics 2026-04-23 Philipp Hanussek , Jakub Pawłowski , Zakaria Mzaouali , Bartłomiej Gardas

This study proposes a portfolio optimization framework that integrates advanced deep learning architectures with traditional financial models to enhance risk-adjusted performance. Using historical data from 2015-2023 across equities, ETFs,…

Computational Engineering, Finance, and Science · Computer Science 2026-04-28 Samuel Ozechi , Banjo Francis , Wisdom Yakanu , Joe Wayne Byers

An actively managed portfolio almost never beats the market in the long term. Thus, many investors often resort to passively managed portfolios whose aim is to follow a certain financial index. The task of building such passive portfolios…

The application of quantum annealing to the optimization of continuous-variable functions is a relatively unexplored area of research. We test the performance of quantum annealing applied to a one-dimensional continuous-variable function…

Quantum Physics · Physics 2023-10-06 Shunta Arai , Hiroki Oshiyama , Hidetoshi Nishimori

Quantum computing has long promised to revolutionize the way we solve complex problems. At the same time, tensor networks are widely used across various fields due to their computational efficiency and capacity to represent intricate…

Quantum Physics · Physics 2024-12-10 Miquel Albertí Binimelis
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