Financial Modeling Using Excel And Vba

Financial Modeling Using Excel and VBA PDF
Author: Chandan Sengupta
Publisher: John Wiley & Sons
ISBN: 9780471267683
Size: 29.20 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 857
View: 2401

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"Reviews all the necessary financial theory and concepts, and walks you through a wide range of real-world financial models" - cover.

The Oxford Guide To Financial Modeling

The Oxford Guide to Financial Modeling PDF
Author: Thomas S. Y. Ho
Publisher: Oxford University Press
ISBN: 9780199727704
Size: 43.82 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 768
View: 4644

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The essential premise of this book is that theory and practice are equally important in describing financial modeling. In it the authors try to strike a balance in their discussions between theories that provide foundations for financial models and the institutional details that provide the context for applications of the models. The book presents the financial models of stock and bond options, exotic options, investment grade and high-yield bonds, convertible bonds, mortgage-backed securities, liabilities of financial institutions--the business model and the corporate model. It also describes the applications of the models to corporate finance. Furthermore, it relates the models to financial statements, risk management for an enterprise, and asset/liability management with illiquid instruments. The financial models are progressively presented from option pricing in the securities markets to firm valuation in corporate finance, following a format to emphasize the three aspects of a model: the set of assumptions, the model specification, and the model applications. Generally, financial modeling books segment the world of finance as "investments," "financial institutions," "corporate finance," and "securities analysis," and in so doing they rarely emphasize the relationships between the subjects. This unique book successfully ties the thought processes and applications of the financial models together and describes them as one process that provides business solutions. Created as a companion website to the book readers can visit www.thomasho.com to gain deeper understanding of the book's financial models. Interested readers can build and test the models described in the book using Excel, and they can submit their models to the site. Readers can also use the site's forum to discuss the models and can browse server based models to gain insights into the applications of the models. For those using the book in meetings or class settings the site provides Power Point descriptions of the chapters. Students can use available question banks on the chapters for studying.

Financial Modeling Of The Equity Market

Financial Modeling of the Equity Market PDF
Author: Frank J. Fabozzi
Publisher: John Wiley & Sons
ISBN: 0470037695
Size: 80.51 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 651
View: 4856

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An inside look at modern approaches to modeling equity portfolios Financial Modeling of the Equity Market is the most comprehensive, up-to-date guide to modeling equity portfolios. The book is intended for a wide range of quantitative analysts, practitioners, and students of finance. Without sacrificing mathematical rigor, it presents arguments in a concise and clear style with a wealth of real-world examples and practical simulations. This book presents all the major approaches to single-period return analysis, including modeling, estimation, and optimization issues. It covers both static and dynamic factor analysis, regime shifts, long-run modeling, and cointegration. Estimation issues, including dimensionality reduction, Bayesian estimates, the Black-Litterman model, and random coefficient models, are also covered in depth. Important advances in transaction cost measurement and modeling, robust optimization, and recent developments in optimization with higher moments are also discussed. Sergio M. Focardi (Paris, France) is a founding partner of the Paris-based consulting firm, The Intertek Group. He is a member of the editorial board of the Journal of Portfolio Management. He is also the author of numerous articles and books on financial modeling. Petter N. Kolm, PhD (New Haven, CT and New York, NY), is a graduate student in finance at the Yale School of Management and a financial consultant in New York City. Previously, he worked in the Quantitative Strategies Group of Goldman Sachs Asset Management, where he developed quantitative investment models and strategies.

Financial Modeling Under Non Gaussian Distributions

Financial Modeling Under Non Gaussian Distributions PDF
Author: Eric Jondeau
Publisher: Springer Science & Business Media
ISBN: 1846286964
Size: 72.82 MB
Format: PDF, ePub, Mobi
Category : Mathematics
Languages : en
Pages : 541
View: 787

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This book examines non-Gaussian distributions. It addresses the causes and consequences of non-normality and time dependency in both asset returns and option prices. The book is written for non-mathematicians who want to model financial market prices so the emphasis throughout is on practice. There are abundant empirical illustrations of the models and techniques described, many of which could be equally applied to other financial time series.

Financial Modeling

Financial Modeling PDF
Author: Simon Benninga
Publisher: MIT Press
ISBN: 9780262024822
Size: 80.12 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 622
View: 2645

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Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. "Financial Modeling" bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial problems with spreadsheets. The CD-ROM contains Excel* worksheets and solutions to end-of-chapter exercises. 634 illustrations.

The Mathematics Of Financial Modeling And Investment Management

The Mathematics of Financial Modeling and Investment Management PDF
Author: Sergio M. Focardi
Publisher: John Wiley & Sons
ISBN: 9780471465997
Size: 34.35 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 800
View: 3194

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the mathematics of financial modeling & investment management The Mathematics of Financial Modeling & Investment Management covers a wide range of technical topics in mathematics and finance-enabling the investment management practitioner, researcher, or student to fully understand the process of financial decision-making and its economic foundations. This comprehensive resource will introduce you to key mathematical techniques-matrix algebra, calculus, ordinary differential equations, probability theory, stochastic calculus, time series analysis, optimization-as well as show you how these techniques are successfully implemented in the world of modern finance. Special emphasis is placed on the new mathematical tools that allow a deeper understanding of financial econometrics and financial economics. Recent advances in financial econometrics, such as tools for estimating and representing the tails of the distributions, the analysis of correlation phenomena, and dimensionality reduction through factor analysis and cointegration are discussed in depth. Using a wealth of real-world examples, Focardi and Fabozzi simultaneously show both the mathematical techniques and the areas in finance where these techniques are applied. They also cover a variety of useful financial applications, such as: * Arbitrage pricing * Interest rate modeling * Derivative pricing * Credit risk modeling * Equity and bond portfolio management * Risk management * And much more Filled with in-depth insight and expert advice, The Mathematics of Financial Modeling & Investment Management clearly ties together financial theory and mathematical techniques.

Pro Excel Financial Modeling

Pro Excel Financial Modeling PDF
Author: Tom Sawyer
Publisher: Apress
ISBN: 1430218991
Size: 69.89 MB
Format: PDF, Docs
Category : Computers
Languages : en
Pages : 304
View: 2163

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Learn the business thinking behind financial modeling and execute what you know effectively using Microsoft Excel. Many believe that sales and profitability projections shown in financial models are the keys to success in attracting investors. The truth is that investors will come up with their own projections. The investor wants to understand the assumptions, structure, and relationships within the modeling of a startup. If the investor is satiated, the entrepreneur has successfully demonstrated a complete understanding of the business side of the enterprise. Pro Excel Financial Modeling provides the keys necessary to learn this thinking and to build the models that will illustrate it. Step–by–step approach to developing financial models in Excel Extensive case studies and Excel templates provided

Financial Modeling

Financial Modeling PDF
Author: Stephane Crepey
Publisher: Springer Science & Business Media
ISBN: 3642371132
Size: 39.32 MB
Format: PDF, ePub, Mobi
Category : Computers
Languages : en
Pages : 459
View: 1861

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Backward stochastic differential equations (BSDEs) provide a general mathematical framework for solving pricing and risk management questions of financial derivatives. They are of growing importance for nonlinear pricing problems such as CVA computations that have been developed since the crisis. Although BSDEs are well known to academics, they are less familiar to practitioners in the financial industry. In order to fill this gap, this book revisits financial modeling and computational finance from a BSDE perspective, presenting a unified view of the pricing and hedging theory across all asset classes. It also contains a review of quantitative finance tools, including Fourier techniques, Monte Carlo methods, finite differences and model calibration schemes. With a view to use in graduate courses in computational finance and financial modeling, corrected problem sets and Matlab sheets have been provided. Stéphane Crépey’s book starts with a few chapters on classical stochastic processes material, and then... fasten your seatbelt... the author starts traveling backwards in time through backward stochastic differential equations (BSDEs). This does not mean that one has to read the book backwards, like a manga! Rather, the possibility to move backwards in time, even if from a variety of final scenarios following a probability law, opens a multitude of possibilities for all those pricing problems whose solution is not a straightforward expectation. For example, this allows for framing problems like pricing with credit and funding costs in a rigorous mathematical setup. This is, as far as I know, the first book written for several levels of audiences, with applications to financial modeling and using BSDEs as one of the main tools, and as the song says: "it's never as good as the first time". Damiano Brigo, Chair of Mathematical Finance, Imperial College London While the classical theory of arbitrage free pricing has matured, and is now well understood and used by the finance industry, the theory of BSDEs continues to enjoy a rapid growth and remains a domain restricted to academic researchers and a handful of practitioners. Crépey’s book presents this novel approach to a wider community of researchers involved in mathematical modeling in finance. It is clearly an essential reference for anyone interested in the latest developments in financial mathematics. Marek Musiela, Deputy Director of the Oxford-Man Institute of Quantitative Finance

The Handbook Of Financial Modeling

The Handbook of Financial Modeling PDF
Author: Jack Avon
Publisher: Apress
ISBN: 1430262052
Size: 76.74 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 504
View: 876

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The ability to create and understand financial models that assess the valuation of a company, the projects it undertakes, and its future earnings/profit projections is one of the most valued skills in corporate finance. However, while many business professionals are familiar with financial statements and accounting reports, few are truly proficient at building an accurate and effective financial model from the ground up. That's why, in The Financial Modeling Handbook, Jack Avon equips financial professionals with all the tools they need to precisely and effectively monitor a company's assets and project its future performance. Based on the author's extensive experience building models in business and finance—and teaching others to do the same—The Handbook of Financial Modeling takes readers step by step through the financial modeling process, starting with a general overview of the history and evolution of financial modeling. It then moves on to more technical topics, such as the principles of financial modeling and the proper way to approach a financial modeling assignment, before covering key application areas for modeling in Microsoft Excel. Designed for intermediate and advanced modelers who wish to expand and enhance their knowledge, The Handbook of Financial Modeling also covers: The accounting and finance concepts that underpin working financial models; How to approach financial issues and solutions from a modeler's perspective; The importance of thinking about end users when developing a financial model; How to plan, design, and build a fully functional financial model; And more. A nuts-to-bolts guide to solving common financial problems with spreadsheets, The Handbook of Financial Modeling is a one-stop resource for anyone who needs to build or analyze financial models. What you’ll learn Key financial modeling principles, including best practices, principles around calculations, and the importance of producing clean, clear financial models How to design and implement a projection model that allows the user to change inputs quickly for sensitivity testing The proper way to approach a financial modeling assignment, from project planning all the way through to the documentation of the model's findings and effectiveness How to model in Microsoft Excel, including how to set up an Excel environment, how to format worksheets, and the correct application of various modeling formulae The skills and knowledge they need to become more proficient financial modelers and differentiate themselves from their professional competitors. Who this book is for Written in a clear, concise manner and filled with screen grabs that will facilitate readers' comprehension of the financial modeling process, The Handbook of Financial Modeling is appropriate for intermediate to advanced financial modelers who are looking to learn how to enhance their modeling proficiency. Table of Contents Financial Modeling: An Overview Financial Modeling Best Practices Modeling Functions and Tools Planning Your Model Testing and Documenting Your Model Designing and Building Your Model The Model User: Inputs An Introduction to Finance and Accounting for Modelers Managing and Evaluating a Business for Modelers The Implications and Rules of Accounting for Modelers Financial Based Calculations Logical and Structural Based Calculations How to Capture Document and Track Assumptions in Your Model Modeling to Give the User Transparency Model Testing and Auditing Modeling Handover Dos and Don'ts. Case Study: Building a Full Life Cycle Model Additional Tools and VBA for Financial Models What is the Future of Financial Modeling? Keyboard Shortcuts Finance and Accounting Glossary Readymade Functions Sample Outputs Housekeeping References

Financial Modeling And Valuation

Financial Modeling and Valuation PDF
Author: Paul Pignataro
Publisher: John Wiley & Sons
ISBN: 1118558693
Size: 41.42 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 432
View: 5586

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Written by the Founder and CEO of the prestigious New YorkSchool of Finance, this book schools you in the fundamental toolsfor accurately assessing the soundness of a stock investment. Builtaround a full-length case study of Wal-Mart, it shows you how toperform an in-depth analysis of that company's financial standing,walking you through all the steps of developing a sophisticatedfinancial model as done by professional Wall Street analysts. Youwill construct a full scale financial model and valuationstep-by-step as you page through the book. When we ran this analysis in January of 2012, we estimated thestock was undervalued. Since the first run of the analysis, thestock has increased 35 percent. Re-evaluating Wal-Mart9months later, we will step through the techniques utilized by WallStreet analysts to build models on and properly value businessentities. Step-by-step financial modeling - taught using downloadableWall Street models, you will construct the model step by step asyou page through the book. Hot keys and explicit Excel instructions aid even the noviceexcel modeler. Model built complete with Income Statement, Cash FlowStatement, Balance Sheet, Balance Sheet Balancing Techniques,Depreciation Schedule (complete with accelerating depreciation anddeferring taxes), working capital schedule, debt schedule, handlingcircular references, and automatic debt pay downs. Illustrative concepts including detailing model flows help aidin conceptual understanding. Concepts are reiterated and honed, perfect for a novice yetdetailed enough for a professional. Model built direct from Wal-Mart public filings, searchingthrough notes, performing research, and illustrating techniques toformulate projections. Includes in-depth coverage of valuation techniques commonlyused by Wall Street professionals. Illustrative comparable company analyses - built the right way,direct from historical financials, calculating LTM (Last TwelveMonth) data, calendarization, and properly smoothing EBITDA and NetIncome. Precedent transactions analysis - detailing how to extractproper metrics from relevant proxy statements Discounted cash flow analysis - simplifying and illustratinghow a DCF is utilized, how unlevered free cash flow is derived, andthe meaning of weighted average cost of capital (WACC) Step-by-step we will come up with a valuation on Wal-Mart Chapter end questions, practice models, additional case studiesand common interview questions (found in the companion website)help solidify the techniques honed in the book; ideal foruniversities or business students looking to break into theinvestment banking field.