Quantum Finance: Exploring Asset Management with QAOA
dc.contributor.advisor | Jabeen, Shabnam | |
dc.contributor.advisor | Khan, Alex | |
dc.contributor.author | Henkle, Evan | |
dc.contributor.author | Igur, Vismay | |
dc.contributor.author | Karnik, Sara | |
dc.contributor.author | Velaga, Sourabh | |
dc.date.accessioned | 2024-04-23T14:13:41Z | |
dc.date.available | 2024-04-23T14:13:41Z | |
dc.date.issued | 2024 | |
dc.description.abstract | Quantum computers are becoming more and more applicable to a variety of applications due to their ability to exponentially speed up computation. This project aims to utilize quantum technology to build a Quantum Approximation Optimization Algorithm (QAOA), to redefine portfolio optimization in finance. We aim to conduct a series of simulations to evaluate the effectiveness of our quantum based portfolio strategy, and compare the outcomes against those achieved through traditional optimization methods. Our preliminary research indicates that the quantum approach may result in faster and higher quality portfolio solutions, leading to more profitable and risk averse investments. By translating the challenge of finding the optimal combination of assets - balancing risk and return - into a problem that can be solved by quantum computing, we unlock new possibilities for financial analysis and decision making. | |
dc.identifier | https://doi.org/10.13016/0ofd-8rop | |
dc.identifier.uri | http://hdl.handle.net/1903/32538 | |
dc.language.iso | en | |
dc.relation.isAvailableAt | Digital Repository at the University of Maryland | |
dc.relation.isAvailableAt | University of Maryland (College Park, Md) | |
dc.relation.isAvailableAt | Office of Undergraduate Research | |
dc.rights | Attribution-NonCommercial-ShareAlike 3.0 United States | en |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/3.0/us/ | |
dc.subject | First-Year Innovation and Research Experience (FIRE) | |
dc.subject | physics | |
dc.subject | asset management | |
dc.subject | portfolio optimization | |
dc.subject | qml | |
dc.subject | quantum machine learning | |
dc.subject | quantum computing | |
dc.title | Quantum Finance: Exploring Asset Management with QAOA | |
dc.type | Other | |
local.equitableAccessSubmission | No |