Hi all,
I was going through the motions of Quantopians "Notebook" tutorials but have a very slim background in quant finance and was wondering
How does one interpret the following seaborn generated distplot of the etf SLV? What are the axis' units. And what does one gather from this histogram?
Hello,
It's often hard to gather anything specific from a graph, instead I like to think about ways that graphs can suggest hypotheses that I can test. Nothing jumps out at me about the histogram other than that your data doesn't seem to be normally distributed. Normal distributions are almost never the case in finance so that's not surprising.
You may find many of our free lectures useful, especially these ones:
https://www.quantopian.com/lectures#Plotting-Data
https://www.quantopian.com/lectures#Statistical-Moments
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.
In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
