Financial Analysis - Build a ChatGPT Pairs Trading Bot
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Financial Analysis - Build a ChatGPT Pairs Trading Bot
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Recommended experience
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What you'll learn
Understand the fundamentals and applications of pairs trading using ChatGPT.
Master the process of refining trading signals and statistical calculations for better accuracy.
Learn to evaluate pairs trading performance using key metrics like risk-adjusted returns.
Gain hands-on experience in using ChatGPT to improve, extend, and optimize your trading strategy.
Skills you'll gain
- Performance Measurement
- Market Data
- Performance Analysis
- Model Optimization
- AI literacy
- Decision Intelligence
- AI Enablement
- Financial Market
- Benchmarking
- Prompt Patterns
- Verification And Validation
- Financial Trading
- Correlation Analysis
- Return On Investment
- Securities Trading
- Technical Analysis
- Statistical Hypothesis Testing
Tools you'll learn
Details to know
See how employees at top companies are mastering in-demand skills
There are 5 modules in this course
Updated in May 2025.
This course now features Coursera Coach! A smarter way to learn with interactive, real-time conversations that help you test your knowledge, challenge assumptions, and deepen your understanding as you progress through the course. In this course, you will learn how to effectively use ChatGPT in financial analysis, specifically focusing on pairs trading. By the end of the course, you will be equipped with the skills to automate parts of your trading strategy, test its effectiveness, and make corrections using the power of AI. The course begins by introducing you to pairs trading, an essential concept in finance. You'll gain an intuitive understanding of its foundations, such as the underlying rationale, advantages, and how to begin implementing it. As you proceed, you will learn how to craft the right prompts to use ChatGPT for pairs trading and test the strategy using historical data. You’ll also dive into more technical aspects of pairs trading, including correcting trading signals, Z-score computations, and return calculations. This knowledge will empower you to optimize strategy performance, address issues like spread discrepancies, and handle errors in real-time. The course also covers advanced topics like benchmarking against buy-and-hold strategies and implementing long-only positions. This course is ideal for individuals with a basic understanding of trading and financial analysis who want to use ChatGPT to enhance their trading strategies. It’s suitable for anyone looking to improve their quantitative finance skills and gain practical experience in AI-assisted financial decision-making.
In this module, we will introduce the course objectives, outline the scope of the project you will be working on, and provide an overview of the tools and resources you will need to succeed.
What's included
3 videos
3 videos•Total 7 minutes
- Introduction•1 minute
- Project Scope•4 minutes
- Course Tools•1 minute
In this module, we will explore key strategies for succeeding in this course and guide you on where to find the code needed for your project. These foundational steps will ensure you are well-prepared for the journey ahead.
What's included
2 videos
2 videos•Total 10 minutes
- How to Succeed in This Course•9 minutes
- Where to Get the Code•1 minute
In this module, we will delve into pairs trading, beginning with understanding its core principles and intuition. You will learn how to leverage ChatGPT for developing and refining trading strategies, correct various aspects of these strategies, and measure their performance. Additionally, we'll explore advanced topics such as log returns, long-only strategies, and iterative improvements using feedback and suggestions.
What's included
22 videos1 assignment
22 videos•Total 193 minutes
- Pairs Trading Intuition•7 minutes
- The Initial Prompt•25 minutes
- Correcting the Trading Signal•7 minutes
- Correcting the Z-Score Computation•11 minutes
- Correcting the Return Computation•5 minutes
- Correcting How We Measure Strategy Performance•6 minutes
- Returns, Log Returns, Cumulative Returns•19 minutes
- More about Log Returns (Optional)•7 minutes
- Strategy Performance Computation (Optional)•14 minutes
- Asking ChatGPT for Pairs•13 minutes
- Testing the Strategy•5 minutes
- Benchmark Against Buy-and-Hold•6 minutes
- Fixing the Spread•4 minutes
- Extending the Position•5 minutes
- Extending the Position (Code)•3 minutes
- Asking ChatGPT to Fix an Error•7 minutes
- More Pairs•6 minutes
- Long-Only Strategy•4 minutes
- Long-Only Strategy (Code)•5 minutes
- Return Computation Revisited and Other Extensions (Optional)•28 minutes
- Return Computation Revisited (Code)•2 minutes
- Suggestion Box•3 minutes
1 assignment•Total 15 minutes
- Pairs Trading with ChatGPT - Assessment•15 minutes
In this module, we will focus on validating the robustness of our trading strategies. You'll conduct a mean reversion test to verify the foundational assumptions and a pairs trading test to ensure the practical reliability of the strategies developed in the previous sections.
What's included
2 videos1 assignment
2 videos•Total 37 minutes
- Mean Reversion Test•25 minutes
- Pairs Trading Test•12 minutes
1 assignment•Total 15 minutes
- Sanity Check - Assessment•15 minutes
In this module, we will conclude the course by summarizing the key lessons and insights you have gained. Additionally, we will reflect on how ChatGPT has contributed to personalizing your learning journey, enhancing your understanding and application of pairs trading strategies.
What's included
2 videos3 assignments
2 videos•Total 14 minutes
- Conclusion and Lessons•6 minutes
- ChatGPT Knows Who I Am•8 minutes
3 assignments•Total 90 minutes
- Full Course Practice Assessment•15 minutes
- Course Summary - Assessment•15 minutes
- Full Course Assessment•60 minutes
Instructor
Explore more from Machine Learning
- Status: Free Trial
- Status: Free TrialN
New York Institute of Finance
Course
- Status: Free Trial
- Status: PreviewC
Coursera
Course
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Frequently asked questions
Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.
If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.
Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.
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Financial aid available,