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Autores principales: Guo, Taian, Shen, Haiyang, Luo, Junyu, Chen, Binqi, Ding, Hongjun, Huang, Jinsheng, Liu, Luchen, Ma, Yun, Zhang, Ming
Formato: Preprint
Publicado: 2026
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Acceso en línea:https://arxiv.org/abs/2602.11917
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author Guo, Taian
Shen, Haiyang
Luo, Junyu
Chen, Binqi
Ding, Hongjun
Huang, Jinsheng
Liu, Luchen
Ma, Yun
Zhang, Ming
author_facet Guo, Taian
Shen, Haiyang
Luo, Junyu
Chen, Binqi
Ding, Hongjun
Huang, Jinsheng
Liu, Luchen
Ma, Yun
Zhang, Ming
contents Extracting signals through alpha factor mining is a fundamental challenge in quantitative finance. Existing automated methods primarily follow two paradigms: Decoupled Factor Generation, which treats factor discovery as isolated events, and Iterative Factor Evolution, which focuses on local parent-child refinements. However, both paradigms lack a global structural view, often treating factor pools as unstructured collections or fragmented chains, which leads to redundant search and limited diversity. To address these limitations, we introduce AlphaPROBE (Alpha Mining via Principled Retrieval and On-graph Biased Evolution), a framework that reframes alpha mining as the strategic navigation of a Directed Acyclic Graph (DAG). By modeling factors as nodes and evolutionary links as edges, AlphaPROBE treats the factor pool as a dynamic, interconnected ecosystem. The framework consists of two core components: a Bayesian Factor Retriever that identifies high-potential seeds by balancing exploitation and exploration through a posterior probability model, and a DAG-aware Factor Generator that leverages the full ancestral trace of factors to produce context-aware, nonredundant optimizations. Extensive experiments on three major Chinese stock market datasets against 8 competitive baselines demonstrate that AlphaPROBE significantly gains enhanced performance in predictive accuracy, return stability and training efficiency. Our results confirm that leveraging global evolutionary topology is essential for efficient and robust automated alpha discovery. We have open-sourced our implementation at https://github.com/gta0804/AlphaPROBE.
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spellingShingle AlphaPROBE: Alpha Mining via Principled Retrieval and On-graph biased evolution
Guo, Taian
Shen, Haiyang
Luo, Junyu
Chen, Binqi
Ding, Hongjun
Huang, Jinsheng
Liu, Luchen
Ma, Yun
Zhang, Ming
Artificial Intelligence
Extracting signals through alpha factor mining is a fundamental challenge in quantitative finance. Existing automated methods primarily follow two paradigms: Decoupled Factor Generation, which treats factor discovery as isolated events, and Iterative Factor Evolution, which focuses on local parent-child refinements. However, both paradigms lack a global structural view, often treating factor pools as unstructured collections or fragmented chains, which leads to redundant search and limited diversity. To address these limitations, we introduce AlphaPROBE (Alpha Mining via Principled Retrieval and On-graph Biased Evolution), a framework that reframes alpha mining as the strategic navigation of a Directed Acyclic Graph (DAG). By modeling factors as nodes and evolutionary links as edges, AlphaPROBE treats the factor pool as a dynamic, interconnected ecosystem. The framework consists of two core components: a Bayesian Factor Retriever that identifies high-potential seeds by balancing exploitation and exploration through a posterior probability model, and a DAG-aware Factor Generator that leverages the full ancestral trace of factors to produce context-aware, nonredundant optimizations. Extensive experiments on three major Chinese stock market datasets against 8 competitive baselines demonstrate that AlphaPROBE significantly gains enhanced performance in predictive accuracy, return stability and training efficiency. Our results confirm that leveraging global evolutionary topology is essential for efficient and robust automated alpha discovery. We have open-sourced our implementation at https://github.com/gta0804/AlphaPROBE.
title AlphaPROBE: Alpha Mining via Principled Retrieval and On-graph biased evolution
topic Artificial Intelligence
url https://arxiv.org/abs/2602.11917