Author
Listed:
- Yanlong Wang
- Jian Xu
- Hongkang Zhang
- Shao-Lun Huang
- Danny Dongning Sun
- Xiao-Ping Zhang
Abstract
Formulaic alpha factor mining is a critical yet challenging task in quantitative investment, characterized by a vast search space and the need for domain-informed, interpretable signals. However, finding novel signals becomes increasingly difficult as the library grows due to high redundancy. We propose FactorMiner, a lightweight and flexible self-evolving agent framework designed to navigate this complex landscape through continuous knowledge accumulation. FactorMiner combines a Modular Skill Architecture that encapsulates systematic financial evaluation into executable tools with a structured Experience Memory that distills historical mining trials into actionable insights (successful patterns and failure constraints). By instantiating the Ralph Loop paradigm -- retrieve, generate, evaluate, and distill -- FactorMiner iteratively uses memory priors to guide exploration, reducing redundant search while focusing on promising directions. Experiments on multiple datasets across different assets and Markets show that FactorMiner constructs a diverse library of high-quality factors with competitive performance, while maintaining low redundancy among factors as the library scales. Overall, FactorMiner provides a practical approach to scalable discovery of interpretable formulaic alpha factors under the "Correlation Red Sea" constraint.
Suggested Citation
Yanlong Wang & Jian Xu & Hongkang Zhang & Shao-Lun Huang & Danny Dongning Sun & Xiao-Ping Zhang, 2026.
"FactorMiner: A Self-Evolving Agent with Skills and Experience Memory for Financial Alpha Discovery,"
Papers
2602.14670, arXiv.org.
Handle:
RePEc:arx:papers:2602.14670
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