What does Systematic mean?
The word in general use in the meaning 'done according to a plan or system' is systematic, and one can equally speak of systematic learning (i.e. following a system or set of principles) and a systematic search (i.e. one done methodically); the second is only a slight extension in meaning of the first.
In portfolio management, we define 'systematic' as: Having clearly defined rules that can be defined mathematically (quantitatively, as an equation) and tested empirically (derived from observation or experiment: empirical results that supported the hypothesis. Verifiable or provable by means of observation or experiment).
'Systematic', then, can refer to a systematic research process of testing in search of answers or systematic trading.
