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A robust alpha pipeline mixes price‑based (trend, reversion, sentiment) and fundamental (value, growth, carry, events) sources
  • Nang enumerates five core alpha families: trend, reversion, technical sentiment, fundamentals (value/ growth/ carry), and events/supply‑demand.
  • Each family provides a distinct risk‑return profile; combining them reduces correlation.
  • For example, a trend‑following CTA can be paired with a value‑oriented equity strategy to smooth returns.
  • The key is to allocate capital proportionally to each source based on conviction and capacity.
Rishi NangTitans Of Tomorrow01:41:41

Supporting quotes

You can bet that prices continue in the direction they've been going. That's trend. You can bet they reverse. That's reversion. And you can bet that other types of market data... give you a sense of sentiment. That's technical sentiment. Rishi Nang
Using fundamental data you can bet on cheapness (value or yield), growth, carry, events, supply and demand. Rishi Nang

From this concept

Strategic Diversification of Alpha Sources

Nang outlines a five-pillar framework for building diversified alpha: trend, reversion, technical sentiment, fundamentals (value/ growth/ carry) and events/supply-demand.

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