Generally speaking, almost anything can be theoretically traded as a derivative. Regulatory bodies need to approve of the listing and there…
There are many ways for portfolio managers to quantify and report on the riskiness of a given portfolio. Perhaps the…
What is Covariance? Covariance is simply the variance between the observations of two random variables. It should be clear both…
Credit analysis is not entirely unlike equity research. In both cases the analyst is trying to answer questions about the…
In parallel to our ongoing series introducing different Monte Carlo techniques I thought it would be fun to incorporate more…
If you haven’t read the first two posts introducing the concept of Monte Carlo simulations and running through a basic,…
I think the balance sheet is probably the easiest of the major financial statements to understand, so we’ll begin there.…
For a quick overview of Monte Carlo simulations, I recommend you check out Part I. Example: Suppose we work for…
The two most common measures applied to proposed projects (for everything from expansion to replacing old equipment) are net present…
ARIMA models require some study and application to thoroughly understand. The rewards are well worth it though, if you master…