Max Karlovitz

Dr. Max Karlovitz joined Wagner Associates in 1990. He works primarily in the areas of mathematical finance and biotechnology.

Dr. Karlovitz recently completed a project to build an automated trading system for a major international financial institution. The system makes short-term stock trades based on statistical signals in stock prices. The system is in current active use by the financial institution.

Many of Dr. Karlovitz's other finance projects have been in the area of retail lending. He helped to develop a predictive model of future used car prices for use in setting automobile lease terms. He has developed algorithms for improved forecasting of retail loan loss rates and risk-based pricing of such loans. He has performed expert external review of retail scoring models for numerous lending institutions. He recently assisted in the development of a scoring model to evaluate the riskiness of potential clients for a large accounting firm.

Dr. Karlovitz's work in finance and in biotechnology has typically required statistical analysis and modeling of large data sets. Such sets include stock tick data and performance data on large retail loan portfolios. Dr. Karlovitz is proficient with the S-Plus statistical modeling package and its programming language. He also has extensive programming experience in C and C++.

Dr. Karlovitz received his Ph.D. in Mathematics from the University of Maryland in 1990. He received his B.S. in Applied Mathematics from the Georgia Institute of Technology in 1983.

His interests include tennis, volleyball, reading, and spending time with his wife and three children.