GLORIA

https://symin.us/posts/financial_engineering/2024-03-22.html Gloria - Quantitative Finance - Chapter 16 - how accurate is the normal approximation? why the normal distribution is so popular how fat the tails really are what dropping the normal assumption entails Introduction The normal distribution allows us to make enormous advances because it comes with a lot of relatively easy-to-use analytic..

https://symin.us/posts/financial_engineering/2024-03-21.html Gloria - Quantitative Finance - Chapter 15 - the binomial model a simple model for an asset price random walk delta hedging no arbitrage the basics of the binomial method for valuing options risk neutrality Introduction The binomial model is the more accessible version of Black-Scholes equation. As a model of stock pri symin.us

https://symin.us/posts/financial_engineering/2024-03-20.html Gloria - Quantitative Finance - Chapter 14 - swapsthe specifications of basic interest rate swap contracts the relationship between swaps and zero-coupon bonds exotic swaps Introduction A swap is an agreement between 2 parties to exchange, or swap, future cashflows. The size of these cashflow is determinesymin.us the specifications of ..

https://symin.us/posts/financial_engineering/2024-03-19.html Gloria - Quantitative Finance - Chapter 13 - fixed-income products and analysis: yield, duration and convexitythe names and properties of the basic and most important fixed-income products the definitions of features commonly found in fixed-income products simple ways to analyze the market value of the instruments: yield, duration and ..

https://symin.us/posts/financial_engineering/2024-03-18.html Gloria - Quantitative Finance - Chapter 12 - how to delta hedgehow to make money if your volatility is more accurate than the market’s different ways of delta hedging how much profit should you expect to make Introduction There is money to be made from options because options may be mispriced by the market. There arsymin.us  how to mak..

https://symin.us/posts/financial_engineering/2024-03-17.html Gloria - Quantitative Finance - Chapter 11 - multi-asset options how to model the behavior of many assets simultaneously estimating correlation between asset price movements how to value and hedge options on many underlying assets in the Black-Scholes framework the pricing formula for European non-path-dependent options symin.us how to..

https://symin.us/posts/financial_engineering/2024-03-16.html Gloria - Quantitative Finance> - Chapter 10 - probability density functions and first-exit timesthe transition probability density function how to derive the forward and backward equations for the transition probability density function how to use the transition probability density function to solve a variety of problems first-exit tim..

https://symin.us/posts/financial_engineering/2024-03-15.html Gloria - Quantitative Finance - Chapter 9 - early exercise and American optionsthe meaning of early exercise the difference between European, American and Bermudan options how to value American options in the partial differential equation framework how to decide when to exercise early early exercise and dividends Introduction Americasy..

https://symin.us/posts/financial_engineering/2024-03-14.html Gloria - Quantitative Finance - Chapter 8 - simple generalizations of the Black-Scholes worldcomplex dividend structures jump conditions time-dependent volatility, interest rate and dividend yield Dividends, foreign interest and cost of carry Assume continuous dividend good for stock index incorporating large number of stocks underlyin..

https://symin.us/posts/financial_engineering/2024-03-13.html Gloria - Quantitative Finance - Chapter 7 - the Black-Scholes formulae and the ‘greeks’ the derivation of the Black-Scholes formulae for calls, puts and simple digitals the meaning and importance of the ‘greeks,’ delta, gamma, theta, vega and rho the difference between differentiation with respect to variable and to parameters formulae..