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  license: apache-2.0
 
 
 
 
 
 
 
 
 
 
 
 
 
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  license: apache-2.0
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+ base_model: Qwen/Qwen3-8B
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+ library_name: transformers
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+ pipeline_tag: text-generation
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+ language:
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+ - en
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+ - zh
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+ tags:
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+ - finance
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+ - reinforcement-learning
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+ - reasoning
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+ - qwen3
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+ - stock-selection
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+ - quantitative-finance
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  ---
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+
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+ # Alpha-R1
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+
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+ <p align="center">
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+ <img src="https://huggingface.co/front/assets/huggingface_logo.svg" width="120">
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+ </p>
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+
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+ **Alpha-R1** is a reasoning-enhanced Large Language Model for quantitative stock selection, trained with Reinforcement Learning (RL) on top of **Qwen3-8B**.
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+
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+ It is the official implementation accompanying the paper:
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+
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+ > [Alpha-R1: Alpha Screening with LLM Reasoning via Reinforcement Learning](https://arxiv.org/abs/2512.23515)
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+
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+ ---
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+
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+ # Overview
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+
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+ Alpha-R1 is designed for **Alpha Screening** rather than general-purpose conversation.
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+
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+ Unlike conventional LLMs, Alpha-R1 learns to reason over
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+
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+ - Financial factor descriptions
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+ - Historical price trends
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+ - Market news
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+ - Portfolio constraints
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+
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+ to produce interpretable alpha-selection decisions.
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+
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+ The model is optimized using reinforcement learning with trading performance as the optimization objective, enabling stronger reasoning ability for quantitative investment tasks.
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+
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+ ---
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+
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+ # Highlights
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+
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+ - 🧠 Reinforcement-learning aligned financial reasoning
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+ - 📈 Multi-modal market understanding (news + quantitative factors + price)
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+ - 📊 Strong generalization across different asset pools
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+ - 💰 Optimized for alpha generation instead of language modeling
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+
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+ According to the paper, Alpha-R1 achieves:
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+
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+ | Dataset | Annual Return | Sharpe | Max Drawdown |
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+ |----------|--------------|---------|--------------|
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+ | CSI300 | 27.59% | 1.62 | 6.76% |
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+ | CSI1000 | 78.18% | 4.03 | 9.25% |
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+
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+ ---
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+
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+ # Model Details
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+
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+ | Item | Value |
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+ |------|------|
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+ | Base Model | Qwen3-8B |
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+ | Model Type | Causal Language Model |
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+ | Training | Reinforcement Learning Fine-tuning |
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+ | Domain | Quantitative Finance |
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+ | Language | English |
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+ | Intended Task | Stock Selection & Financial Reasoning |
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+
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+ ---
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+
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+ # Training
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+
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+ Alpha-R1 is initialized from **Qwen3-8B** and further optimized using reinforcement learning.
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+
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+ The training objective encourages the model to generate reasoning trajectories that maximize downstream portfolio performance instead of only predicting next tokens.
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+
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+ The model is trained using:
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+
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+ - Financial factor descriptions
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+ - Historical price information
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+ - Market news
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+ - Trading rewards derived from portfolio returns
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+ More details can be found in the accompanying paper.
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+
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+ ---
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+
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+ ## Training Data
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+
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+ Alpha-R1 was trained using a proprietary financial reasoning dataset constructed from market information, factor semantic descriptions, and financial news. Due to data licensing and copyright restrictions, the training dataset is not publicly released.
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+
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+ ---
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+
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+ # Intended Use
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+ Alpha-R1 is intended for research on
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+
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+ - Financial reasoning
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+ - Quantitative investment
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+ - Alpha mining
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+ - LLM-based decision making
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+ - Reinforcement learning for finance
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+
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+ Example prompts include:
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+
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+ - Rank candidate stocks.
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+ - Explain factor exposure.
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+ - Analyze market news.
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+ - Compare investment opportunities.
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+ - Generate reasoning for stock selection.
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+
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+ ---
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+
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+ # Limitations
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+
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+ - This model is **not** a financial advisor.
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+ - Outputs should **not** be regarded as investment advice.
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+ - Performance reported in the paper is obtained under a specific backtesting protocol and does not guarantee future returns.
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+ - Users should perform their own validation before any real-world deployment.
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+
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+ ---
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+
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+ # Citation
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+
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+ If you find Alpha-R1 useful, please cite:
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+
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+ ```bibtex
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+ @article{alphar1,
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+ title={Alpha-R1: Alpha Screening with LLM Reasoning via Reinforcement Learning},
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+ author={Anonymous},
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+ year={2025}
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+ }
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+ ```
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+
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+ ---
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+
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+ # License
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+
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+ This model is released under the Apache-2.0 License.
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+
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+ Please also comply with the license of the base model (**Qwen3-8B**) when using this model.
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+ ---
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+ # Acknowledgements
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+ Alpha-R1 is built upon the excellent **Qwen3-8B** model developed by Alibaba.
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+ We thank the open-source community for making this work possible.