Chapter 7: Defining the Learning Task

Reading the Information Coefficient: Stability, ICIR, and Horizon Decay intermediate

IC is a learnability screen for continuous labels, not a compressed backtest.

IC is a learnability screen for continuous labels, not a compressed backtest.

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References

The Elements of Quantitative Investing
Giuseppe A. Paleologo (2025) — John Wiley & Sons
Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency
Narasimhan Jegadeesh, Sheridan Titman (1993) — The Journal of Finance
Active portfolio management: A quantitative approach for providing superior returns and controlling risk
Richard C.. Grinold, Ronald N.. Kahn (2000) — McGraw-Hill
Information Coefficient as a Performance Measure of Stock Selection Models
Feng Zhang, Ruite Guo, Honggao Cao (2020)