Seaborn

Website

seaborn.pydata.org

$ Details

Categories

#Development #Data Science And Machine Learning #Technical Computing #Data Dashboard

Quantopian

Website

quantopian.com

$ Details

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Categories

#Development #Finance #Tool #Investing

Seaborn features and specs

• High-Level Interface
  Seaborn provides a high-level interface for drawing attractive statistical graphics, simplifying the process of creating complex plots with just a few lines of code.
• Integration with Pandas
  Seaborn automatically works well with Pandas data structures, making it easy to visualize data directly from DataFrames without additional data manipulation.
• Built-in Themes
  Seaborn offers built-in themes and color palettes that allow users to quickly improve the aesthetics of their plots, making them more appealing and informative.
• Statistical Plotting
  Seaborn includes a wide array of statistical plots like heatmaps, violin plots, and box plots, which help in understanding data distribution and relationships.
• Customization
  It provides extensive options for customizing plots, giving users the flexibility to tailor their visualizations to specific needs and preferences.

Possible disadvantages of Seaborn

• Dependence on Matplotlib
  Seaborn is built on top of Matplotlib, and users may need to understand Matplotlib to handle more intricate customizations that Seaborn does not directly support.
• Learning Curve
  While Seaborn simplifies plotting, there is still a learning curve involved, especially for users unfamiliar with statistical data visualization.
• Limited Interactivity
  Seaborn primarily generates static plots, which may not provide the level of interactivity required for dynamic data exploration compared to other tools such as Plotly or Bokeh.
• Performance
  For very large datasets, Seaborn may become slow, and performance can be an issue compared to more optimized visualization libraries.
• 3D Plotting Support
  Seaborn does not natively support 3D plotting, limiting its use for visualizations that require three-dimensional data representation.

Quantopian features and specs

• Community Collaboration
  Quantopian provided a platform for users to share and collaborate on trading algorithms, enabling users to learn from each other and improve their strategies.
• Access to Data
  Quantopian offered access to a wide range of financial data sets, which allowed users to develop and back-test their algorithms using historical data.
• Comprehensive Development Environment
  It featured an integrated development environment (IDE) with tools for coding, testing, and back-testing trading strategies in Python, which was user-friendly and powerful.
• Educational Resources
  Quantopian provided various educational resources, including lectures, tutorials, and a supportive community forum, which were beneficial for both beginners and experienced traders.
• Competition and Incentives
  Quantopian organized contests that incentivized users to develop successful trading algorithms, with the potential to receive a live trading allocation from the company.

Possible disadvantages of Quantopian

• Shutting Down Services
  Quantopian shut down its retail offering in 2020, which meant that users could no longer use their platform for developing and testing new algorithms.
• Limited Live Trading Options
  Users found limited options for deploying their strategies into live trading. Quantopian allowed this only for algorithms selected for allocation, which reduced accessibility for many users.
• Dependence on Platform
  Users who developed algorithms on Quantopian's platform were heavily dependent on it, and when it shut down, they had to transition to other platforms, which could be challenging.
• Resource Limitations
  There were computational and resource limitations for users, which could restrict the complexity of the algorithms and back-testing users could perform without additional infrastructure.
• Portfolio Selection Process
  The selection process for having algorithms licenced for live trading allocation was competitive and not transparent to many users, which could lead to frustration.

Seaborn Review

Algorithmic Trading with Python and Quantopian p. 1

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