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 shortterm 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
riskbased 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 SPlus 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.
