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Understanding Multi Asset Systematic Strategies

A rigorous path into building systematic strategies that span equities, fixed income, commodities, and currencies, for quant researcher aspirants, prop trading applicants, and traders scaling a systematic book. Goes from the asset universe and cross-asset correlation through trend-following, carry, value, risk parity, multi-strategy allocation, rigorous backtesting, and the operational realities of running a multi-asset book. Built on real NSE, MCX, and G-Sec data throughout.

MODULES

10

DURATION

~7.6 hrs

TRACK

Quantitative Finance

Access Level

LEARNER

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Full Text Playbooks

Actionable Exercises

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Curriculum Breakdown

Chapter 1: The Case for Multi-Asset Systematic Investing

4 Lessons

Why Single-Asset Strategies Break: Concentration, Regime Risk, and Correlation Spikes9 min read

What "Multi-Asset" Really Means: Equities, Bonds, Commodities, Currencies, and Beyond9 min read

Systematic vs Discretionary: Why Rules Beat Judgment at Scale9 min read

The Indian Multi-Asset Landscape: NSE Equities, G-Secs, MCX Commodities, and Currency Futures11 min read

Chapter 2: Understanding the Asset Classes You're Trading

5 Lessons

Equities and Equity Indices: Nifty 50, Bank Nifty, and Sectoral Indices as Systematic Instruments10 min read

Fixed Income Systematically: G-Secs, SDLs, and the Yield Curve as a Tradable Asset11 min read

Commodities on MCX: Gold, Silver, Crude, and the Economics of Storage and Carry10 min read

Currencies: USD-INR Futures and the Carry Trade Logic10 min read

Alternative and Cross-Border Assets: REITs, InvITs, and International Diversification10 min read

Chapter 3: Correlation, Diversification, and the Multi-Asset Risk Engine

5 Lessons

Why Correlation, Not Volatility, Is the Real Enemy of a Portfolio9 min read

Measuring Cross-Asset Correlation: Rolling Windows and Correlation Breakdown10 min read

Correlation in Crises: What 2008, 2020, and 2022 Taught Us About Diversification11 min read

Building a Correlation Matrix Across Nifty, Gold, G-Secs, and USD-INR11 min read

Covariance, Not Just Correlation: Why Volatility-Adjusted Relationships Matter10 min read

Chapter 4: Trend-Following Across Asset Classes

5 Lessons

The Trend-Following Philosophy: Why It Works Across Uncorrelated Markets9 min read

Building a Time-Series Momentum Signal on Any Asset11 min read

Case Study: Trend-Following Applied to Nifty, Gold, and Crude Simultaneously12 min read

Combining Trend Signals: Voting, Averaging, and Signal Aggregation10 min read

Trend-Following Drawdowns: Whipsaws and the Cost of Being Wrong Together10 min read

Chapter 5: Carry and Cross-Asset Value Strategies

5 Lessons

The Carry Trade Concept: Getting Paid to Wait Across Asset Classes9 min read

Carry in Currencies: The USD-INR Interest Rate Differential Story10 min read

Carry in Commodities: Contango, Backwardation, and the Roll Yield11 min read

Cross-Asset Value: Cheap vs Expensive Across Equities, Bonds, and Commodities10 min read

Combining Carry and Trend: Why the Two Together Beat Either Alone10 min read

Chapter 6: Risk Parity and Volatility-Weighted Allocation

4 Lessons

Why Equal Capital Allocation Is Not Equal Risk Allocation9 min read

Volatility Targeting: Sizing Positions by Risk, Not by Rupees10 min read

Building a Simple Risk Parity Portfolio Across Nifty, Gold, and G-Secs12 min read

Risk Parity's Achilles Heel: Leverage, Rate Regimes, and 202210 min read

Chapter 7: Combining Strategies into a Multi-Strategy Book

4 Lessons

Why Strategy Correlation Matters More Than Individual Strategy Sharpe10 min read

Capital Allocation Across Trend, Carry, and Value Strategies10 min read

Rebalancing a Multi-Strategy Book: Frequency, Bands, and Turnover Costs10 min read

Case Study: Blending Trend and Carry Across Nifty, Gold, and USD-INR12 min read

Chapter 8: Backtesting Multi-Asset Systems Rigorously

4 Lessons

Data Alignment Problems: Different Trading Hours, Holidays, and Settlement Across Assets10 min read

Look-Ahead Bias and Survivorship Bias in Multi-Asset Backtests10 min read

Transaction Costs and Slippage Across Equities, Commodities, and Currencies10 min read

Walk-Forward Testing a Multi-Asset Strategy on Indian Data, 2015-202413 min read

Chapter 9: Risk Management and Operational Realities

4 Lessons

Margin, Leverage, and Cross-Margining Across NSE and MCX10 min read

Drawdown Control and Circuit Breakers for a Multi-Asset Book10 min read

Liquidity Risk: Why Some Legs of a Multi-Asset Trade Are Harder to Exit9 min read

Operational Risk: Rollover, Expiry Mismatches, and Corporate Actions10 min read

Chapter 10: Capstone: Building a Complete Multi-Asset Systematic Portfolio

4 Lessons

System Architecture: From Signal Generation to Execution Across Asset Classes10 min read

Constructing a Multi-Asset Systematic Portfolio Step by Step13 min read

Stress-Testing the Portfolio Across 2008, 2020, and 202212 min read

From Backtest to Live: Operationalizing a Multi-Asset Systematic Strategy11 min read