CMT Curriculum Level III 2023 The Integration of Technical Analysis

by Unknown

• ISBN13: 9781394184798
• ISBN10: 1394184794
• Edition: 1st
• Format: Paperback
• Copyright: 2022-12-28
• Publisher: Wiley

Summary

Get Your Copy of the Official 2023 CMT^® Level III Curriculum

Building upon the concepts covered in Levels I and II, the Official CMT^® Level III Curriculum is the authoritative resource for all candidates preparing for their final CMT exam in June or December of 2023. This text explores asset relationships, portfolio management, behavioral finance, volatility analysis, and more.

Published in partnership with the CMT Association, CMT Curriculum Level III 2023: The Integration of Technical Analysis covers all concepts featured on the Level III CMT^® exam, and is designed to improve candidates' understanding of key topics in the theory and analysis of markets and securities.

Author Biography

The CMT Association has worked to advance the discipline of technical analysis for nearly 50 years. What started as a small group of sell-side analysts on Wall Street is now a global association with members in 137 countries. CMT Association strives to establish and maintain the highest professional standards among technical analysts with diverse opportunities in continuing education, ethics awareness, and networking.

Table of Contents

Introduction ix

The CMT Association ix

The CMT Program x

The Level III Textbook xii

Section I Risk Management 1

Chapter 1 System Design and Testing 3
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 2 Money and Portfolio Risk Management 31
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 3 System Evaluation and Testing 53
Perry J. Kaufman

Chapter 4 Practical Considerations 126
Perry J. Kaufman

Chapter 5 Risk Control 169
Perry J. Kaufman

Chapter 6 Statistical Analysis 238
David Aronson

Chapter 7 Hypothesis Tests and Confidence Intervals 283
David Aronson

Section II Asset Relationships 315

Chapter 8 Regression 317
Markos Katsanos

Chapter 9 Gold 325
Markos Katsanos

Chapter 10 Intermarket Indicators 341
Markos Katsanos

Chapter 11 A Unique Way to Visualize Relative Strength 363
Julius de Kempenaer and Mathew Verdouw, CMT, CFTe

Section III Portfolio Management 399

Chapter 12 Fact, Fiction, and Momentum Investing 401
Clifford S. Asness, Andrea Frazzini, Ronen Israel, and Tobias J. Moskowitz

Chapter 13 Analyzing the Macro-Finance Environment 426
Robert A. Weigand

Chapter 14 Portfolio Risk and Performance Attribution 460
Robert A. Weigand

Section IV Behavioral Finance 507

Chapter 15 Behavioral Biases 509
Michael M. Pompian

Chapter 16 Investor Psychology 526
Mark Andrew Lim

Chapter 17 Are Two Heads Better Than One? 538
James Montier

Chapter 18 The Anatomy of a Bubble 546
James Montier

Chapter 19 De-Bubbling: Alpha Generation 558
James Montier

Chapter 20 Behavioral Techniques 580
Perry J. Kaufman

Section V Volatility Analysis 611

Chapter 21 The VIX as a Stock Market Indicator 613
Russell Rhoads

Chapter 22 Hedging with VIX Derivatives 629
Russell Rhoads

Chapter 23 Advanced Techniques 643
Perry J. Kaufman

Section VI Classical Methods 691

Chapter 24 Pattern Recognition 693
Perry J. Kaufman

Chapter 25 Multiple Time Frames 719
Perry J. Kaufman

Chapter 26 Candlestick Analysis 731
Mark Andrew Lim

Chapter 27 Progressive Charting 780
Steve Nison

Chapter 28 Bringing It All Together: Real-World Charts 821
Steve Nison

Chapter 29 Conclusions 847
Richard J. Bauer Jr. and Julie R. Dahlquist

Index 854