Man Group Stock Jumps 10%, But Did Trend Reversal Occur?

Managed futures hedge fund pioneer Man Group saw its stock oddly skyrocket ten percent in value today. Taking the title of best performer on the European index one day after a string of five losing days is typically subject to some inspection, often times triggering algorithmic alerts. Man Group volatility spikes as magnitude of the move matters On a daily basis, a sharp trend reversal and move of a magnitude of standard deviations, as was done in Man’s ten percent rise in one day, significantly outpacing the average daily volatility of the stock, can be viewed by certain quantitative equity…