Colleagues from the Department of Computer Science of University of Oxford and Armasuisse -- which is similar to the DARPA program in the United States-- crunched the numbers and proved the existence of alpha by systematically tracking jets.
This is a small sample size, but it is still telling and it provides a great initial blueprint for quants who enjoy making money. and when paired with the other data that JetTrack has, we expect that the numbers can get much higher. Plus, when paired with data from JetTrack, we expect that the approach used by these researchers can be much more profitable..
See the full research report below.