Advanced Modelling in Finance using Excel and VBA

Author: Mary Jackson,Mike Staunton

Publisher: John Wiley & Sons

ISBN: 0470061669

Category: Business & Economics

Page: 276

View: 5313

This new and unique book demonstrates that Excel and VBA can play an important role in the explanation and implementation of numerical methods across finance. Advanced Modelling in Finance provides a comprehensive look at equities, options on equities and options on bonds from the early 1950s to the late 1990s. The book adopts a step-by-step approach to understanding the more sophisticated aspects of Excel macros and VBA programming, showing how these programming techniques can be used to model and manipulate financial data, as applied to equities, bonds and options. The book is essential for financial practitioners who need to develop their financial modelling skill sets as there is an increase in the need to analyse and develop ever more complex 'what if' scenarios. Specifically applies Excel and VBA to the financial markets Packaged with a CD containing the software from the examples throughout the book Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Financial Modeling

Author: Sebastian Prexl,Michael Bloss,Dietmar Ernst,Christoph Haas,Joachim Häcker,Bernhard Röck

Publisher: N.A

ISBN: 9783791035413

Category:

Page: 640

View: 5257


Risk Analysis

A Quantitative Guide

Author: David Vose

Publisher: John Wiley & Sons

ISBN: 0470512849

Category: Business & Economics

Page: 752

View: 648

Risk Analysis concerns itself with the quantification of risk, the modeling of identified risks and how to make decisions from those models. Quantitative risk analysis (QRA) using Monte Carlo simulation offers a powerful and precise method for dealing with the uncertainty and variability of a problem. By providing the building blocks the author guides the reader through the necessary steps to produce an accurate risk analysis model and offers general and specific techniques to cope with most modeling problems. A wide range of solved problems is used to illustrate these techniques and how they can be used together to solve otherwise complex problems.

Principles of Financial Modelling

Model Design and Best Practices Using Excel and VBA

Author: Michael Rees

Publisher: John Wiley & Sons

ISBN: 1118904001

Category: Business & Economics

Page: 544

View: 8132

The comprehensive, broadly-applicable, real-world guide to financial modelling Principles of Financial Modelling – Model Design and Best Practices Using Excel and VBAcovers the full spectrum of financial modelling tools and techniques in order to provide practical skills that are grounded in real-world applications. Based on rigorously-tested materials created for consulting projects and for training courses, this book demonstrates how to plan, design and build financial models that are flexible, robust, transparent, and highly applicable to a wide range of planning, forecasting and decision-support contexts. This book integrates theory and practice to provide a high-value resource for anyone wanting to gain a practical understanding of this complex and nuanced topic. Highlights of its content include extensive coverage of: Model design and best practices, including the optimisation of data structures and layout, maximising transparency, balancing complexity with flexibility, dealing with circularity, model audit and error-checking Sensitivity and scenario analysis, simulation, and optimisation Data manipulation and analysis The use and choice of Excel functions and functionality, including advanced functions and those from all categories, as well as of VBA and its key areas of application within financial modelling The companion website provides approximately 235 Excel files (screen-clips of most of which are shown in the text), which demonstrate key principles in modelling, as well as providing many examples of the use of Excel functions and VBA macros. These facilitate learning and have a strong emphasis on practical solutions and direct real-world application. For practical instruction, robust technique and clear presentation, Principles of Financial Modelling is the premier guide to real-world financial modelling from the ground up. It provides clear instruction applicable across sectors, settings and countries, and is presented in a well-structured and highly-developed format that is accessible to people with different backgrounds.

Financial Modeling

Author: Sebastian Prexl

Publisher: N.A

ISBN: 9783791028385

Category:

Page: 506

View: 5815

Nachvollziehbare Modelle zur Beurteilung komplexer Finanzprodukte. Die Autoren bieten Studenten einen anwendungsorientierten Leitfaden zu den zentralen Themenkomplexen Corporate Finance, Derivate und Portfoliomanagement. Zwei Workshops zu Microsoft Excel® und der Programmiersprache VBA® komplettieren das finanzwirtschaftliche Know-how. Der Kurscharakter des Buches und die praxisnahen Beispiele, die zusätzlich als Download-Angebot zur Verfügung stehen, ermöglichen ein schnelles und interaktives Lernen. Als Nachschlagewerk leistet der Band auch Praktikern wertvolle Dienste.

Autokorrelationen in der historischen Simulation

Analyse der autokorrelationsarmen Abbildung von Zinsänderungsrisiken

Author: Noel Boka

Publisher: Springer-Verlag

ISBN: 3658211083

Category: Business & Economics

Page: 113

View: 5395

Ausgehend von der Definition und Vorstellung barwertiger Konzepte der Zinsrisikomessung führt Noel Boka durch die Problematik von Autokorrelationen in der historischen Simulation. Nach der Verknüpfung der grundlegenden statistischen Eigenschaften mit der praktischen Anwendung folgt eine umfassende empirische Analyse zu den verschiedenen Ausprägungen und Einflussfaktoren. So kann zusammengefasst werden, dass die Differenzenmethode eine ausreichende Prognosegüte gewährleistet. Für niveauunabhängige Verfahren kann hingegen ein Kausalzusammenhang aus geminderter Prognosegüte und Autokorrelationen festgestellt werden.

Financial Modelling in Practice

A Concise Guide for Intermediate and Advanced Level

Author: Michael Rees

Publisher: John Wiley & Sons

ISBN: 9781119995203

Category: Business & Economics

Page: 288

View: 1773

Financial Modelling in Practice: A Concise Guide for Intermediate and Advanced Level is a practical, comprehensive and in-depth guide to financial modelling designed to cover the modelling issues that are relevant to facilitate the construction of robust and readily understandable models. Based on the authors extensive experience of building models in business and finance, and of training others how to do so this book starts with a review of Excel functions that are generally most relevant for building intermediate and advanced level models (such as Lookup functions, database and statistical functions and so on). It then discusses the principles involved in designing, structuring and building relevant, accurate and readily understandable models (including the use of sensitivity analysis techniques) before covering key application areas, such as the modelling of financial statements, of cash flow valuation, risk analysis, options and real options. Finally, the topic of financial modelling using VBA is treated. Practical examples are used throughout and model examples are included in the attached CD-ROM. Aimed at intermediate and advanced level modellers in Excel who wish to extend and consolidate their knowledge, this book is focused, practical, and application-driven, facilitating knowledge to build or audit a much wider range of financial models. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Credit Risk Modeling Using Excel and VBA

Author: Gunter Löeffler,Mr Peter N Posch

Publisher: John Wiley & Sons

ISBN: 0470660929

Category: Business & Economics

Page: 342

View: 4007

This book provides practitioners and students with an intuitive, hands-on introduction to modern credit risk modelling. Every chapter starts with an explanation of the methodology and then the authors take the reader step by step through the implementation of the methods in Excel and VBA.

Applied C# in Financial Markets

Author: Martin Worner

Publisher: John Wiley & Sons

ISBN: 0470870621

Category: Business & Economics

Page: 138

View: 7407

Applied C# in Financial Markets covers all the aspects of C# relevant to practitioners working in financial sector. It contains a practical workshop which builds on the material in the book, guiding you through all the stages of building a multiple model options calculator. An accompanying website features examples, illustrations and solutions to the workshops and a downloadable application to complement the book. Features examples and illustrations taken from a sample trading application, making the book relevant to those working in the financial markets. Provides a quick start to C# for financial professionals to hit the ground running in building financial applications. Workshops illustrate building an options calculator, exploring the various elements in C# as they progress.

Hedge Fund Modelling and Analysis Using Excel and VBA

Author: Paul Darbyshire,David Hampton

Publisher: John Wiley & Sons

ISBN: 111994564X

Category: Business & Economics

Page: 278

View: 1502

Co-authored by two respected authorities on hedge funds and asset management, this implementation-oriented guide shows you how to employ a range of the most commonly used analysis tools and techniques both in industry and academia, for understanding, identifying and managing risk as well as for quantifying return factors across several key investment strategies. The book is also suitable for use as a core textbook for specialised graduate level courses in hedge funds and alternative investments. The book provides hands-on coverage of the visual and theoretical methods for measuring and modelling hedge fund performance with an emphasis on risk-adjusted performance metrics and techniques. A range of sophisticated risk analysis models and risk management strategies are also described in detail. Throughout, coverage is supplemented with helpful skill building exercises and worked examples in Excel and VBA. The book's dedicated website, www.darbyshirehampton.com provides Excel spreadsheets and VBA source code which can be freely downloaded and also features links to other relevant and useful resources. A comprehensive course in hedge fund modelling and analysis, this book arms you with the knowledge and tools required to effectively manage your risks and to optimise the return profile of your investment style.

Capital Asset Investment

Strategy, Tactics and Tools

Author: Anthony F. Herbst

Publisher: John Wiley & Sons

ISBN: 0470856408

Category: Business & Economics

Page: 334

View: 9692

Providing a balanced and practical approach to capital management and budgeting, this book covers the full spectrum of capital investments, from the basics through the latest innovations. It is aimed at managers who are involved in capital investment decisions: setting company capital investment policy; performing project analyses; and drafting recommendations. Those in top management will benefit from discussions of strong and weak points of various methods and concepts. Included in the arsenal of capital investment tools in this book are concepts of proven usefulness, such as the MAPI method, no longer available in other works on the topic of capital budgeting, and other topics not covered elsewhere, such as abandonment analysis.

Business Risk and Simulation Modelling in Practice

Using Excel, VBA and @RISK

Author: Michael Rees

Publisher: John Wiley & Sons

ISBN: 1118904044

Category: Business & Economics

Page: 464

View: 8624

The complete guide to the principles and practice of risk quantification for business applications. The assessment and quantification of risk provide an indispensable part of robust decision-making; to be effective, many professionals need a firm grasp of both the fundamental concepts and of the tools of the trade. Business Risk and Simulation Modelling in Practice is a comprehensive, in–depth, and practical guide that aims to help business risk managers, modelling analysts and general management to understand, conduct and use quantitative risk assessment and uncertainty modelling in their own situations. Key content areas include: Detailed descriptions of risk assessment processes, their objectives and uses, possible approaches to risk quantification, and their associated decision-benefits and organisational challenges. Principles and techniques in the design of risk models, including the similarities and differences with traditional financial models, and the enhancements that risk modelling can provide. In depth coverage of the principles and concepts in simulation methods, the statistical measurement of risk, the use and selection of probability distributions, the creation of dependency relationships, the alignment of risk modelling activities with general risk assessment processes, and a range of Excel modelling techniques. The implementation of simulation techniques using both Excel/VBA macros and the @RISK Excel add-in. Each platform may be appropriate depending on the context, whereas the core modelling concepts and risk assessment contexts are largely the same in each case. Some additional features and key benefits of using @RISK are also covered. Business Risk and Simulation Modelling in Practice reflects the author′s many years in training and consultancy in these areas. It provides clear and complete guidance, enhanced with an expert perspective. It uses approximately one hundred practical and real-life models to demonstrate all key concepts and techniques; these are accessible on the companion website.

Practical Portfolio Performance Measurement and Attribution

Author: Carl R. Bacon

Publisher: John Wiley & Sons

ISBN: 0470856807

Category: Business & Economics

Page: 240

View: 695

Practical Performance Measurement and Attribution provides a clear introduction to the subject of performance measurement. Focusing more on the practical use and calculation of performance returns rather than the academic background it will help readers gain a clear understanding of the role and implications of performance measurement in today's financial environment. "Carl’s book is a ‘must have’ resource - the complete A to Z of the increasingly complex field of performance measurement." Glenn Solomon, Global Head of Institutional Clients, Investment Reporting & Performance, BNP Paribas Securities Services "Internationally renowned authority Carl Bacon has provided what one would expect – an exceptionally well written and practical resource that every investment performance measurement professional should own." David Spaulding, President, The Spaulding Group "Carl Bacon is one of the most knowledgeable professionals I know on the subject of Performance Measurement. He has been a pioneer, leader, and teacher at the forefront of developments in global investment performance standards, performance attribution technique, and risk measurement. I am very pleased he has written this timely and useful book as a complete reference and explanation update on these important subjects." James Hollis, Managing Director, Cutter Associates "Though the subject matter is complex, Carl strikes the right balance between theory and reality. This book should have a permanent spot on the desk of every performance practitioner. I will refer to it often." Karyn Vincent, CFA, Vincent Performance Services LLC "Whether you are a provider or a user of Performance Analysis, this book is well structured, informative and truly a practical guide in every sense." Gary Hilldrup, Global Head Performance, Risk & Client Reporting, Fortis Investments

Excel-VBA für Dummies

Author: John Walkenbach

Publisher: John Wiley & Sons

ISBN: 3527709282

Category:

Page: 411

View: 7049

Um noch mehr aus Excel herauszuholen, empfiehlt sich die VBA-Programmierung, mit der Sie Excel auf Ihre Bedürfnisse zuschneiden können. John Walkenbach zeigt Ihnen, wie Sie Excel-Berechnungen mit VBA automatisieren. Er erklärt Ihnen zunächst die notwendigen VBA-Grundlagen und wichtigsten Werkzeuge sowie VBA-Abläufe des VBA-Editors. Außerdem erhalten Sie eine Übersicht über die wichtigsten Bestandteile und Begriffe, die für die VBA-Programmierung in Excel relevant sind, und Sie erfahren, wie Sie Programmierfehler ausfindig machen und beheben.

Financial Engineering

Strategien, Bewertungen und Risikomanagement

Author: Michael Bloss

Publisher: Walter de Gruyter GmbH & Co KG

ISBN: 311053116X

Category: Business & Economics

Page: 674

View: 9071

Dieses Buch zeigt einzelne Strategien, Bewertungen, das Risikocontrolling und den Financial-Engineering-Prozess auf und geht dabei explizit auf die verwendeten Derivate sowie die eingesetzten Kombinationsstrategien ein. Gegenüber der Vorauflage wurde das Augenmerk verstärkt auf die Modelle im Financial Engineering, die neuen Produktausgestaltungen und die veränderte Regulatorik gelegt.

Building and Using Dynamic Interest Rate Models

Author: Ken O. Kortanek,Vladimir G. Medvedev

Publisher: Wiley

ISBN: 9780471495956

Category: Business & Economics

Page: 236

View: 8584

This book offers a new approach to interest rate and modeling term structure by using models based on optimization of dynamical systems, rather than the traditional stochastic differential equation models. The authors use dynamic models to estimate the term structure of interest rates and show the reader how to build their own numerical simulations. It includes software that will enable readers to simulate the various models covered in the book.

Financial Applications using Excel Add-in Development in C / C++

Author: Steve Dalton

Publisher: John Wiley & Sons

ISBN: 9780470319048

Category: Business & Economics

Page: 584

View: 876

Financial Applications using Excel Add-in Development in C/C++ is a must-buy book for any serious Excel developer.Excel is the industry standard for financial modelling, providing a number of ways for users to extend the functionality of their own add-ins, including VBA and C/C++. This is the only complete how-to guide and reference book for the creation of high performance add-ins for Excel in C and C++ for users in the finance industry. Steve Dalton explains how to apply Excel add-ins to financial applications with many examples given throughout the book. It also covers the relative strengths and weaknesses of developing add-ins for Excel in VBA versus C/C++, and provides comprehensive code, workbooks and example projects on the accompanying CD-ROM. The impact of Excel 2007’s multi-threaded workbook calculations and large grids on add-in development are fully explored. Financial Applications using Excel Add-in Development in C/C++ features: Extensive example codes in VBA, C and C++, explaining all the ways in which a developer can achieve their objectives. Example projects that demonstrate, from start to finish, the potential of Excel when powerful add-ins can be easily developed. Develops the readers understanding of the relative strengths and weaknesses of developing add-ins for Excel in VBA versus C/C++. A CD-ROM with several thousand lines of example code, numerous workbooks, and a number of complete example projects.

Hedge Funds

A Resource for Investors

Author: Simone Borla,Denis Masetti

Publisher: Wiley

ISBN: 9780470850954

Category: Business & Economics

Page: 128

View: 6183

Hedge funds are one of the fastest growing investment products, yet there is little information available to guide investors through this highly attractive financial instrument. In Hedge Funds: A Resource for Investors, the authors provide an accessible guide to assist investors in their portfolio management decisions, covering the operators, products and various hedge fund strategies available. Written by two highly experienced players of the hedge fund industry, the authors describe the current trends and key recent events in this shift to alternative investments, which are characterised by an excellent risk return profile and low correlation with traditional investments. Hedge Funds: A Resource for Investors is a must-have guide for fund managers, portfolio managers and private investors.