Haohan Zhang

Haohan Zhang, Fengrui Hua, Chengjin Xu et al.

The rapid advancement of Large Language Models (LLMs) has spurred discussions about their potential to enhance quantitative trading strategies. LLMs excel in analyzing sentiments about listed companies from financial news, providing critical insights for trading decisions. However, the performance of LLMs in this task varies substantially due to their inherent characteristics. This paper introduces a standardized experimental procedure for comprehensive evaluations. We detail the methodology using three distinct LLMs, each embodying a unique approach to performance enhancement, applied specifically to the task of sentiment factor extraction from large volumes of Chinese news summaries. Subsequently, we develop quantitative trading strategies using these sentiment factors and conduct back-tests in realistic scenarios. Our results will offer perspectives about the performances of Large Language Models applied to extracting sentiments from Chinese news texts.

Katalin Schäffer, Ian Bales, Haohan Zhang et al.

Wearable exosuits assist human movement in tasks ranging from rehabilitation to daily activities; specifically, head-neck support is necessary for patients with certain neurological disorders. Rigid-link exoskeletons have shown to enable head-neck mobility compared to static braces, but their bulkiness and restrictive structure inspire designs using "soft" actuation methods. In this paper, we propose a fabric pneumatic artificial muscle-based exosuit design for head-neck support. We describe the design of our prototype and physics-based model, enabling us to derive actuator pressures required to compensate for gravitational load. Our modeled range of motion and workspace analysis indicate that the limited actuator lengths impose slight limitations (83% workspace coverage), and gravity compensation imposes a more significant limitation (43% workspace coverage). We introduce compression force along the neck as a novel, potentially comfort-related metric. We further apply our model to compare the torque output of various actuator placement configurations, allowing us to select a design with stability in lateral deviation and high axial rotation torques. The model correctly predicts trends in measured data where wrapping the actuators around the neck is not a significant factor. Our test dummy and human user demonstration confirm that the exosuit can provide functional head support and trajectory tracking, underscoring the potential of artificial muscle-based soft actuation for head-neck mobility assistance.

Bokai Cao, Saizhuo Wang, Xinyi Lin et al.

Quantitative investment (quant) is an emerging, technology-driven approach in asset management, increasingy shaped by advancements in artificial intelligence. Recent advances in deep learning and large language models (LLMs) for quant finance have improved predictive modeling and enabled agent-based automation, suggesting a potential paradigm shift in this field. In this survey, taking alpha strategy as a representative example, we explore how AI contributes to the quantitative investment pipeline. We first examine the early stage of quant research, centered on human-crafted features and traditional statistical models with an established alpha pipeline. We then discuss the rise of deep learning, which enabled scalable modeling across the entire pipeline from data processing to order execution. Building on this, we highlight the emerging role of LLMs in extending AI beyond prediction, empowering autonomous agents to process unstructured data, generate alphas, and support self-iterative workflows.

Haohan Zhang

This study first reconstructs three deep learning powered stock trading models and their associated strategies that are representative of distinct approaches to the problem and established upon different aspects of the many theories evolved around deep learning. It then seeks to compare the performance of these strategies from different perspectives through trading simulations ran on three scenarios when the benchmarks are kept at historical low points for extended periods of time. The results show that in extremely adverse market climates, investment portfolios managed by deep learning powered algorithms are able to avert accumulated losses by generating return sequences that shift the constantly negative CSI 300 benchmark return upward. Among the three, the LSTM model's strategy yields the best performance when the benchmark sustains continued loss.