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量化好声音

43 量化两大门派:P-Quant 和 Q-Quant有啥区别?

17 Nov 2025

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量化两大 “门派”——P-Quant 与 Q-Quant,恰似武侠小说中的 “剑宗与气宗”,围绕 “真实概率测度” 与 “风险中性测度” 展开核心较量!衍生品定价、FICC、风控等,正是 Q-Quant 的主场;而我们常聊的多因子选股、高频交易、超额收益 α,则是 P-Quant 的战场。P-Quant 扎根买方(对冲基金、私募),信奉 “市场无效”,靠历史数据刻画真实概率,从海量信息中预测资产走势,捕捉被低估的赚钱机会;Q-Quant 立足卖方(投行、券商),坚守 “无套利” 底线,用几何布朗运动、鞅理论等硬核数学模型,给衍生品算出唯一公允价,既支撑产品创新,又守护市场交易秩序。【在这里找到我们】wechat:quantfans_99(加「听友群」、咨询「量化课程」请加)微信公众号:Quantide量化风云小红书:Quantide知乎:匡醍量化bilibili:Quantide

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