We apply a data-driven, user-blind approach to our selection process. We don’t look at your user background or your specific rank in the contest, but rather the performance of your algorithm within the set of construction constraints. The contest rules help guide you to create strategies that would be possible candidates for an allocation. Doing well in the contest does not guarantee an allocation, but it will improve your chances for selection. We aren’t capping on a specific number of algorithms that we’re looking for — if your algorithm passes the criteria and looks interesting, we’d love to speak with you!
We are looking for strategies that are beta-neutral, sector-neutral, and have their returns driven by the specific returns, instead of common returns. Generally, a larger universe is better to diversity away risk. As per the contest, you should use the QuantopianTradableUniverse (QTU) and optimize API for your universe selection and ordering mechanics.
We generally wait for strategies to accumulate 6 months of out-of-sample data before evaluating. This helps to corroborate the strategy’s in-sample performance.
It’s great to see your interest and I would suggest that you to focus on creating strategies that generally perform well in the contest and are consistent over time. Best of luck!
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