Portfolio selection based on market states acquired via price and non-price data

Abstract Financial markets exhibit quasi-stationary patterns, known as market states, which previous studies have identified through the correlation structure of asset returns using clustering techniques. In this paper, we propose a novel approach to the portfolio selection problem by leveraging mar...

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Bibliographic Details
Main Authors: Andy Chung, Kumiko Tanaka-Ishii, Takehisa Yairi
Format: Article
Language:English
Published: Springer 2025-04-01
Series:Discover Data
Subjects:
Online Access:https://doi.org/10.1007/s44248-025-00035-5
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