Introducing Hugging Face as an open financial data repository

Exploring an open financial data repository hosted on Hugging Face to implement Clifford Asness' renowned Value and Momentum Everywhere strategy.

Alpha represents the predictive ability to outperform market expectations, offering an edge in financial markets. Defined as the excess return above a naive forecast, the discovery of alpha is the prime objective of a quantitative research analyst. The sources of alpha can be segmented into four key areas:

1. Information: The advantage of possessing data th…