Starter repo for task 3 of JPMC's Forage program
Task 2 - Describe your thought process and the insights a trader would be expected to draw from this new display:
My thought process was centred around enhancing the tool's ability to perform comparative analysis and anomaly detection in real-time stock data. To do that, I changed the code to compare the relative performance and interactions between different stocks (which includes: rations, alerts and upper/lower bounds) rather than just the individual stock prices it was originally showing.
With the changes mentioned above a trader would be expected to draw the following insights:
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Comparability of multiple stock prices: Traders can see which stock or group of stocks is outperforming another at any given time, due to the real-time ratio display.
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Identifying Anomalies: If the ratio exceeds the upper or lower bound the trader will be alerted. Allowing them to take advantage of a trading opportunity or investigate an unexpected price change. Which will result in better decision-making.
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Trend Analysis: The upper/lower bounds allow for long-term analysis showing how stable/unstable the price is, rather than showing short term anomalies.