In the investment management industry, quantitative research is the process of determining the value of a security by employing mathematical models and measuring empirical relationships between a group of variables such as revenue, earnings, margins, market share as well as recent and historical trading patterns.  These measurements offer insights in identifying undervalued and overvalued situations and are keys for achieving profitability regardless of the prevailing market conditions.  Pi Capital employs proprietary quantitative research methods to its portfolios and is the cornerstone of its investment approach.