{"product_id":"quantitative-finance-for-dummies-isbn-9781118769461","title":"Quantitative Finance For Dummies","description":"\u003cp\u003e\u003cb\u003eAn accessible introduction to quantitative finance by the numbers--for students, professionals, and personal investors\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe world of quantitative finance is complex, and sometimes even high-level financial experts have difficulty grasping it. \u003ci\u003eQuantitative Finance For Dummies\u003c\/i\u003e offers plain-English guidance on making sense of applying mathematics to investing decisions. With this complete guide, you'll gain a solid understanding of futures, options and risk, and become familiar with the most popular equations, methods, formulas, and models (such as the Black-Scholes model) that are applied in quantitative finance.\u003c\/p\u003e \u003cp\u003eAlso known as mathematical finance, quantitative finance is about applying mathematics and probability to financial markets, and involves using mathematical models to help make investing decisions. It's a highly technical discipline--but almost all investment companies and hedge funds use quantitative methods.\u003c\/p\u003e \u003cp\u003eThe book breaks down the subject of quantitative finance into easily digestible parts, making it approachable for personal investors, finance students, and professionals working in the financial sector--especially in banking or hedge funds who are interested in what their quant (quantitative finance professional) colleagues are up to. This user-friendly guide will help you even if you have no previous experience of quantitative finance or even of the world of finance itself.\u003c\/p\u003e \u003cp\u003eWith the help of \u003ci\u003eQuantitative Finance For Dummies\u003c\/i\u003e, you'll learn the mathematical skills necessary for success with quantitative finance and tips for enhancing your career in quantitative finance.\u003c\/p\u003e \u003cp\u003eGet your own copy of this handy reference guide and discover:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAn easy-to-follow introduction to the complex world of quantitative finance\u003c\/li\u003e \u003cli\u003eThe core models, formulas, and methods used in quantitative finance\u003c\/li\u003e \u003cli\u003eExercises to help augment your understanding of QF\u003c\/li\u003e \u003cli\u003eHow QF methods are used to define the current market value of a derivative security\u003c\/li\u003e \u003cli\u003eReal-world examples that relate quantitative finance to your day-to-day job\u003c\/li\u003e \u003cli\u003eMathematics necessary for success in investment and quantitative finance\u003c\/li\u003e \u003cli\u003ePortfolio and risk management applications\u003c\/li\u003e \u003cli\u003eBasic derivatives pricing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether you're an aspiring quant, a top-tier personal investor, or a student, \u003ci\u003eQuantitative Finance For Dummies\u003c\/i\u003e is your go-to guide for coming to grips with QF\/risk management.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 1\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 2\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 3\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 3\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Getting Started With Quantitative Finance 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Quantitative Finance Unveiled 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Quantitative Finance 8\u003c\/p\u003e \u003cp\u003eSummarising the mathematics 8\u003c\/p\u003e \u003cp\u003ePricing, managing and trading 9\u003c\/p\u003e \u003cp\u003eMeeting the market participants 9\u003c\/p\u003e \u003cp\u003eWalking like a drunkard 10\u003c\/p\u003e \u003cp\u003eKnowing that almost nothing isn’t completely nothing 11\u003c\/p\u003e \u003cp\u003eRecognising irrational exuberance 14\u003c\/p\u003e \u003cp\u003eWielding Financial Weapons of Mass Destruction 15\u003c\/p\u003e \u003cp\u003eGoing beyond cash 17\u003c\/p\u003e \u003cp\u003eInventing new contracts 18\u003c\/p\u003e \u003cp\u003eAnalysing and Describing Market Behaviour 20\u003c\/p\u003e \u003cp\u003eMeasuring jumpy prices 20\u003c\/p\u003e \u003cp\u003eKeeping your head while using lots of data 21\u003c\/p\u003e \u003cp\u003eValuing your options 21\u003c\/p\u003e \u003cp\u003eManaging Risk 22\u003c\/p\u003e \u003cp\u003eHedging and speculating 22\u003c\/p\u003e \u003cp\u003eGenerating income 23\u003c\/p\u003e \u003cp\u003eBuilding portfolios and reducing risk 23\u003c\/p\u003e \u003cp\u003eComputing, Algorithms and Markets 24\u003c\/p\u003e \u003cp\u003eSeeing the signal in the noise 24\u003c\/p\u003e \u003cp\u003eKeeping it simple 25\u003c\/p\u003e \u003cp\u003eLooking at the finer details of markets 25\u003c\/p\u003e \u003cp\u003eTrading at higher frequency 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Understanding Probability and Statistics 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFiguring Probability by Flipping a Coin 28\u003c\/p\u003e \u003cp\u003ePlaying a game 31\u003c\/p\u003e \u003cp\u003eFlipping more coins 32\u003c\/p\u003e \u003cp\u003eDefining Random Variables 33\u003c\/p\u003e \u003cp\u003eUsing random variables 34\u003c\/p\u003e \u003cp\u003eBuilding distributions with random variables 35\u003c\/p\u003e \u003cp\u003eIntroducing Some Important Distributions 38\u003c\/p\u003e \u003cp\u003eWorking with a binomial distribution 39\u003c\/p\u003e \u003cp\u003eRecognising the Gaussian, or normal, distribution 40\u003c\/p\u003e \u003cp\u003eDescribing real distributions 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Taking a Look at Random Behaviours 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSetting Up a Random Walk 45\u003c\/p\u003e \u003cp\u003eStepping in just two directions 47\u003c\/p\u003e \u003cp\u003eGetting somewhere on your walk 48\u003c\/p\u003e \u003cp\u003eTaking smaller and smaller steps 49\u003c\/p\u003e \u003cp\u003eAveraging with the Central Limit Theorem 50\u003c\/p\u003e \u003cp\u003eMoving Like the Stock Market 53\u003c\/p\u003e \u003cp\u003eGenerating Random Numbers on a Computer 54\u003c\/p\u003e \u003cp\u003eGetting random with Excel 55\u003c\/p\u003e \u003cp\u003eUsing the central limit theorem again 58\u003c\/p\u003e \u003cp\u003eSimulating Random Walks 58\u003c\/p\u003e \u003cp\u003eMoving Up a Gear 60\u003c\/p\u003e \u003cp\u003eWorking a stochastic differential equation 60\u003c\/p\u003e \u003cp\u003eExpanding from the origin 61\u003c\/p\u003e \u003cp\u003eReverting to the Mean 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Tackling Financial Instruments 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Sizing Up Interest Rates, Shares and Bonds 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExplaining Interest 68\u003c\/p\u003e \u003cp\u003eCompounding your interest 68\u003c\/p\u003e \u003cp\u003eCompounding continuously 69\u003c\/p\u003e \u003cp\u003eSharing in Profits and Growth 71\u003c\/p\u003e \u003cp\u003eTaking the Pulse of World Markets 72\u003c\/p\u003e \u003cp\u003eDefining Bonds and Bond Jargon 74\u003c\/p\u003e \u003cp\u003eCoupon-bearing bonds 75\u003c\/p\u003e \u003cp\u003eZeroing in on yield 76\u003c\/p\u003e \u003cp\u003eCleaning up prices 78\u003c\/p\u003e \u003cp\u003eLearning to like LIBOR 79\u003c\/p\u003e \u003cp\u003ePlotting the yield curve 80\u003c\/p\u003e \u003cp\u003eSwapping between Fixed and Floating Rates 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Exploring Options 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExamining a Variety of Options 86\u003c\/p\u003e \u003cp\u003eStarting with plain vanilla options 86\u003c\/p\u003e \u003cp\u003eAiming for a simple, binary option 87\u003c\/p\u003e \u003cp\u003eBranching out with more exotic options 87\u003c\/p\u003e \u003cp\u003eReading Financial Data 88\u003c\/p\u003e \u003cp\u003eSeeing your strike price 88\u003c\/p\u003e \u003cp\u003eAbbreviating trading information 89\u003c\/p\u003e \u003cp\u003eValuing time 89\u003c\/p\u003e \u003cp\u003eGetting Paid when Your Option Expires 90\u003c\/p\u003e \u003cp\u003eUsing Options in Practice 92\u003c\/p\u003e \u003cp\u003eHedging your risk 92\u003c\/p\u003e \u003cp\u003ePlacing bets on markets 93\u003c\/p\u003e \u003cp\u003eWriting options 94\u003c\/p\u003e \u003cp\u003eEarning income from options 94\u003c\/p\u003e \u003cp\u003eDistinguishing European, American and other options 95\u003c\/p\u003e \u003cp\u003eTrading Options On and Off Exchanges 96\u003c\/p\u003e \u003cp\u003eRelating the Price of Puts and Calls 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Trading Risk with Futures 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSurveying Future Contracts 99\u003c\/p\u003e \u003cp\u003eTrading the futures market 101\u003c\/p\u003e \u003cp\u003eMarking to market and margin accounts 101\u003c\/p\u003e \u003cp\u003eDealing in commodity futures 102\u003c\/p\u003e \u003cp\u003eIndex futures 105\u003c\/p\u003e \u003cp\u003eInterest rate futures 106\u003c\/p\u003e \u003cp\u003eSeeing into the Future 107\u003c\/p\u003e \u003cp\u003ePaying in cash now 108\u003c\/p\u003e \u003cp\u003eConnecting futures and spot prices 109\u003c\/p\u003e \u003cp\u003eChecking trading volume 110\u003c\/p\u003e \u003cp\u003eLooking along the forward curve 110\u003c\/p\u003e \u003cp\u003eRolling a Position 112\u003c\/p\u003e \u003cp\u003eKeeping a consistent position 113\u003c\/p\u003e \u003cp\u003eAdjusting backwards 113\u003c\/p\u003e \u003cp\u003eConverging Futures to the Spot Price 114\u003c\/p\u003e \u003cp\u003eUsing Futures Creatively 115\u003c\/p\u003e \u003cp\u003eCalendar spreads 116\u003c\/p\u003e \u003cp\u003eCommodity spreads 116\u003c\/p\u003e \u003cp\u003eSeasonality in Futures Prices 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Investigating and Describing Market Behaviour 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Reading The Market’s Mood: Volatility 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Volatility 122\u003c\/p\u003e \u003cp\u003eUsing Historical Data 124\u003c\/p\u003e \u003cp\u003eWeighting the data equally 124\u003c\/p\u003e \u003cp\u003eWeighting returns 125\u003c\/p\u003e \u003cp\u003eShrinking Time Using a Square Root 127\u003c\/p\u003e \u003cp\u003eComparing Volatility Calculations 128\u003c\/p\u003e \u003cp\u003eEstimating Volatility by Statistical Means 132\u003c\/p\u003e \u003cp\u003eThe symmetric GARCH model 132\u003c\/p\u003e \u003cp\u003eThe leverage effect 134\u003c\/p\u003e \u003cp\u003eGoing Beyond Simple Volatility Models 135\u003c\/p\u003e \u003cp\u003eStochastic volatility 135\u003c\/p\u003e \u003cp\u003eRegime switching 136\u003c\/p\u003e \u003cp\u003eEstimating Future Volatility with Term Structures 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Analysing All the Data 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eData Smoothing 139\u003c\/p\u003e \u003cp\u003ePutting data in bins 140\u003c\/p\u003e \u003cp\u003eSmoothing data with kernels 143\u003c\/p\u003e \u003cp\u003eUsing moving averages as filters 147\u003c\/p\u003e \u003cp\u003eEstimating More Distributions 149\u003c\/p\u003e \u003cp\u003eMixing Gaussian distributions 149\u003c\/p\u003e \u003cp\u003eGoing beyond one dimension 150\u003c\/p\u003e \u003cp\u003eModelling Non-Normal Returns 151\u003c\/p\u003e \u003cp\u003eTesting and visualising non-normality 151\u003c\/p\u003e \u003cp\u003eMaximising expectations 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Analysing Data Matrices: Principal Components 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReducing the Amount of Data 160\u003c\/p\u003e \u003cp\u003eUnderstanding collinearity 163\u003c\/p\u003e \u003cp\u003eStandardising data 166\u003c\/p\u003e \u003cp\u003eBrushing up some maths 167\u003c\/p\u003e \u003cp\u003eDecomposing data matrices into principal components 170\u003c\/p\u003e \u003cp\u003eCalculating principal components 173\u003c\/p\u003e \u003cp\u003eChecking your model with cross- validation 174\u003c\/p\u003e \u003cp\u003eApplying PCA to Yield Curves 177\u003c\/p\u003e \u003cp\u003eUsing PCA to Build Models 180\u003c\/p\u003e \u003cp\u003eIdentifying clusters of data 180\u003c\/p\u003e \u003cp\u003ePrincipal components regression 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4: Option Pricing 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Examining the Binomial and Black-Scholes Pricing Models 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLooking at a Simple Portfolio with No Arbitrage 186\u003c\/p\u003e \u003cp\u003ePricing in a Single Step 187\u003c\/p\u003e \u003cp\u003eEntering the world of risk neutral 188\u003c\/p\u003e \u003cp\u003eCalculating the parameters 191\u003c\/p\u003e \u003cp\u003eBranching Out in Pricing an Option 192\u003c\/p\u003e \u003cp\u003eBuilding a tree of asset prices 192\u003c\/p\u003e \u003cp\u003eBuilding a tree of option prices by working backwards 192\u003c\/p\u003e \u003cp\u003ePricing an American option 194\u003c\/p\u003e \u003cp\u003eMaking Assumptions about Option Pricing 195\u003c\/p\u003e \u003cp\u003eIntroducing Black-Scholes – The Most Famous Equation in Quantitative Finance 196\u003c\/p\u003e \u003cp\u003eSolving the Black-Scholes Equation 199\u003c\/p\u003e \u003cp\u003eProperties of the Black-Scholes Solutions 202\u003c\/p\u003e \u003cp\u003eGeneralising to Dividend-Paying Stocks 204\u003c\/p\u003e \u003cp\u003eDefining other Options 205\u003c\/p\u003e \u003cp\u003eValuing Options Using Simulations 206\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Using the Greeks in the Black-Scholes Model 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUsing the Black-Scholes Formulae 210\u003c\/p\u003e \u003cp\u003eHedging Class 211\u003c\/p\u003e \u003cp\u003eThat’s Greek to Me: Explaining the Greek Maths Symbols 213\u003c\/p\u003e \u003cp\u003eDelta 213\u003c\/p\u003e \u003cp\u003eDynamic hedging and gamma 216\u003c\/p\u003e \u003cp\u003eTheta 218\u003c\/p\u003e \u003cp\u003eRho 219\u003c\/p\u003e \u003cp\u003eVega 219\u003c\/p\u003e \u003cp\u003eRelating the Greeks 220\u003c\/p\u003e \u003cp\u003eRebalancing a Portfolio 220\u003c\/p\u003e \u003cp\u003eTroubleshooting Model Risk 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Gauging Interest-Rate Derivatives 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLooking at the Yield Curve and Forward Rates 224\u003c\/p\u003e \u003cp\u003eForward rate agreements 227\u003c\/p\u003e \u003cp\u003eInterest-rate derivatives 228\u003c\/p\u003e \u003cp\u003eBlack 76 model 230\u003c\/p\u003e \u003cp\u003eBond pricing equations 232\u003c\/p\u003e \u003cp\u003eThe market price of risk 234\u003c\/p\u003e \u003cp\u003eModelling the Interest-Rate 234\u003c\/p\u003e \u003cp\u003eThe Ho Lee model 234\u003c\/p\u003e \u003cp\u003eThe one-factor Vasicek model 235\u003c\/p\u003e \u003cp\u003eArbitrage free models 237\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5: Risk and Portfolio Management 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Managing Market Risk 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting in Risky Assets 241\u003c\/p\u003e \u003cp\u003eStopping Losses and other Good Ideas 244\u003c\/p\u003e \u003cp\u003eHedging Schemes 245\u003c\/p\u003e \u003cp\u003eBetting without Losing Your Shirt 247\u003c\/p\u003e \u003cp\u003eEvaluating Outcomes with Utility Functions 249\u003c\/p\u003e \u003cp\u003eSeeking certainty 250\u003c\/p\u003e \u003cp\u003eModelling attitudes to risk 251\u003c\/p\u003e \u003cp\u003eUsing the Covariance Matrix to Measure Market Risk 253\u003c\/p\u003e \u003cp\u003eEstimating parameters 254\u003c\/p\u003e \u003cp\u003eShrinking the covariance matrix 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Comprehending Portfolio Theory 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDiversifying Portfolios 258\u003c\/p\u003e \u003cp\u003eMinimising Portfolio Variance 259\u003c\/p\u003e \u003cp\u003eUsing portfolio budget constraints 260\u003c\/p\u003e \u003cp\u003eDoing the maths for returns and correlations 262\u003c\/p\u003e \u003cp\u003eBuilding an efficient frontier 266\u003c\/p\u003e \u003cp\u003eDealing with poor estimates 267\u003c\/p\u003e \u003cp\u003eCapital Asset Pricing Model 268\u003c\/p\u003e \u003cp\u003eAssessing Portfolio Performance 270\u003c\/p\u003e \u003cp\u003eSharpe ratio 270\u003c\/p\u003e \u003cp\u003eDrawdowns 272\u003c\/p\u003e \u003cp\u003eGoing for risk parity 273\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Measuring Potential Losses: Value at Risk (VaR) 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eControlling Risk in Your Portfolio 276\u003c\/p\u003e \u003cp\u003eDefining Volatility and the VaR Measure 277\u003c\/p\u003e \u003cp\u003eConstructing VaR using the Covariance Matrix 279\u003c\/p\u003e \u003cp\u003eCalculating a simple cash portfolio 280\u003c\/p\u003e \u003cp\u003eUsing the covariance matrix 281\u003c\/p\u003e \u003cp\u003eEstimating Volatilities and Correlations 282\u003c\/p\u003e \u003cp\u003eSimulating the VaR 283\u003c\/p\u003e \u003cp\u003eUsing historical data 283\u003c\/p\u003e \u003cp\u003eSpinning a Monte Carlo simulation 284\u003c\/p\u003e \u003cp\u003eValidating Your Model 285\u003c\/p\u003e \u003cp\u003eBacktesting 285\u003c\/p\u003e \u003cp\u003eStress testing and the Basel Accord 286\u003c\/p\u003e \u003cp\u003eIncluding the Average VaR 286\u003c\/p\u003e \u003cp\u003eEstimating Tail Risk with Extreme Value Theory 289\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6: Market Trading and Strategy 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Forecasting Markets 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring with Technical Analysis 294\u003c\/p\u003e \u003cp\u003eConstructing candlesticks 294\u003c\/p\u003e \u003cp\u003eRelying on relative strength 295\u003c\/p\u003e \u003cp\u003eChecking momentum indicators 298\u003c\/p\u003e \u003cp\u003eBlending the stochastic indicator 299\u003c\/p\u003e \u003cp\u003eBreaking out of channels 300\u003c\/p\u003e \u003cp\u003eMaking Predictions Using Market Variables 301\u003c\/p\u003e \u003cp\u003eUnderstanding regression models 302\u003c\/p\u003e \u003cp\u003eForecasting with regression models 304\u003c\/p\u003e \u003cp\u003ePredicting from Past Values 306\u003c\/p\u003e \u003cp\u003eDefining and calculating autocorrelation 306\u003c\/p\u003e \u003cp\u003eGetting to know autocorrelation models 308\u003c\/p\u003e \u003cp\u003eMoving average models 309\u003c\/p\u003e \u003cp\u003eMentioning kernel regression 311\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Fitting Models to Data 313\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaximising the Likelihood 314\u003c\/p\u003e \u003cp\u003eMinimising least squares 316\u003c\/p\u003e \u003cp\u003eUsing chi-squared 318\u003c\/p\u003e \u003cp\u003eComparing models with Akaike 318\u003c\/p\u003e \u003cp\u003eFitting and Overfitting 319\u003c\/p\u003e \u003cp\u003eApplying Occam’s Razor 322\u003c\/p\u003e \u003cp\u003eDetecting Outliers 322\u003c\/p\u003e \u003cp\u003eThe Curse of Dimensionality 324\u003c\/p\u003e \u003cp\u003eSeeing into the Future 325\u003c\/p\u003e \u003cp\u003eBacktesting 325\u003c\/p\u003e \u003cp\u003eOut-of-sample validation 327\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Markets in Practice 329\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAuctioning Assets 330\u003c\/p\u003e \u003cp\u003eSelling on eBay 331\u003c\/p\u003e \u003cp\u003eAuctioning debt by the US Treasury 332\u003c\/p\u003e \u003cp\u003eBalancing supply and demand with double-sided auctions 333\u003c\/p\u003e \u003cp\u003eLooking at the Price Impact of a Trade 336\u003c\/p\u003e \u003cp\u003eBeing a Market Maker and Coping with Bid-Ask Spreads 337\u003c\/p\u003e \u003cp\u003eExploring the meaning of liquidity 338\u003c\/p\u003e \u003cp\u003eMaking use of information 339\u003c\/p\u003e \u003cp\u003eCalculating the bid-ask spread 342\u003c\/p\u003e \u003cp\u003eTrading Factors and Distributions 343\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 7: The Part Of Tens 345\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Ten Key Ideas of Quantitative Finance 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIf Markets Were Truly Efficient Nobody Would Research Them 347\u003c\/p\u003e \u003cp\u003eThe Gaussian Distribution is Very Helpful but Doesn’t Always Apply 348\u003c\/p\u003e \u003cp\u003eDon’t Ignore Trading Costs 349\u003c\/p\u003e \u003cp\u003eKnow Your Contract 349\u003c\/p\u003e \u003cp\u003eUnderstanding Volatility is Key 350\u003c\/p\u003e \u003cp\u003eYou Can Price Options by Building Them from Cash and Stock 350\u003c\/p\u003e \u003cp\u003eFinance Isn’t Like Physics 351\u003c\/p\u003e \u003cp\u003eDiversification is the One True Free Lunch 351\u003c\/p\u003e \u003cp\u003eFind Tools to Help Manage All the Data 352\u003c\/p\u003e \u003cp\u003eDon’t Get Fooled by Complex Models 353\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Ten Ways to Ace Your Career in Quantitative\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinance 355\u003c\/p\u003e \u003cp\u003eFollow Financial Markets 355\u003c\/p\u003e \u003cp\u003eRead Some Classic Technical Textbooks 356\u003c\/p\u003e \u003cp\u003eRead Some Non-technical Books 356\u003c\/p\u003e \u003cp\u003eTake a Professional Course 357\u003c\/p\u003e \u003cp\u003eAttend Networking Meetings and Conferences 357\u003c\/p\u003e \u003cp\u003eParticipate in Online Communities 358\u003c\/p\u003e \u003cp\u003eStudy a Programming Language 358\u003c\/p\u003e \u003cp\u003eGo Back to School 359\u003c\/p\u003e \u003cp\u003eApply for that Hedge Fund or Bank Job 359\u003c\/p\u003e \u003cp\u003eTake Time to Rest Up and Give Back 359\u003c\/p\u003e \u003cp\u003eGlossary 361\u003c\/p\u003e \u003cp\u003eIndex 369\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSteve Bell \u003c\/b\u003eis a Quantitative Investment Researcher and Director at Research In Action. A highly experienced mathematical and statistical modeller, he is knowledgeable in energy markets and has a particular interest in systematic quantitative trading strategy development at any frequency.\u003c\/p\u003e  \u003cp\u003eLearn the tools for investment success\u003c\/p\u003e \u003cp\u003eUse portfolio and risk management applications \u003c\/p\u003e\u003cp\u003eSharpen your skills with useful exercises \u003c\/p\u003e\u003cp\u003eGet acquainted with \u003cb\u003eQuantitative Finance\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWhether you're an aspiring quant or a hands-on high-level investor, this book makes quantitative finance make sense. It demystifies futures, options, and risk; explains the core models, formulas, and methods; and provides essential mathematical tools. Accessible information and practical exercises prepare you for a successful role in finance! \u003c\/p\u003e\u003cp\u003eInside.... \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eGet a handle on  QF models\u003c\/li\u003e \u003cli\u003eWork with random  behaviours\u003c\/li\u003e \u003cli\u003eGrasp bond jargon\u003c\/li\u003e \u003cli\u003eLearn how to estimate  probability\u003c\/li\u003e \u003cli\u003eModel interest rates\u003c\/li\u003e \u003cli\u003eControl risk\u003c\/li\u003e \u003cli\u003eForecast like a pro\u003c\/li\u003e \u003cli\u003ePerfect your portfolio\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"For Dummies","offers":[{"title":"Default Title","offer_id":47989895561445,"sku":"NP9781118769461","price":30.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118769461.jpg?v=1761785828","url":"https:\/\/k12savings.com\/products\/quantitative-finance-for-dummies-isbn-9781118769461","provider":"K12savings","version":"1.0","type":"link"}