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  • 비만약 2강 Eli Lilly & Novo Nordisk - 1Q24 Earnings Update https://blog.naver.com/sy9777m/223444029351 비만약 2강 Eli Lilly & Novo Nordisk - 1Q24 Earnings Update1Q24 Earning Call Highlights Eli Lilly 매출 가이던스 $2B 상향: $40.4B-$41.6B → $42.4B-$43...blog.naver.com1Q24 Earning Call HighlightsEli Lilly매출 가이던스 $2B 상향: $40.4B-$41.6B → $42.4B-$43.6BEPS 가이던스 $1.25, Non-GAAP EPS 가이던스 $1.30 상향: EPS $13.05-$13.55, Non-GAAP EPS $13.50-$14.00Nexus Pharmaceutical 인수 발표 → 현재.. 공감수 1 댓글수 2 2024. 5. 12.
  • DoD의 동맥경화 - Leonardo DRS (NASDAQ: DRS) https://blog.naver.com/sy9777m/223408455480 DoD의 동맥경화 - Leonardo DRS (NASDAQ: DRS)https://symin.us/posts/investment/2024-04-07.html Summary 러시아-우크라이나 전쟁과 이스라엘-하마스 ...blog.naver.comSummary러시아-우크라이나 전쟁과 이스라엘-하마스 전쟁이 재래식 전쟁의 양상을 띄는 가운데 임시 전쟁지원 예산도 구세대 무기를 위주로 집행되는 등 첨단 현대전 장비 위주의 미국 방산업계의 수혜는 제한적미국 방산업계는 COVID-19와 공급망 문제로 촉발된 인플레이션과 미국 제조업 (특히 조선업) 붕괴 문제는 장단기적으로 해결책을 찾기 어려워보임DRS는 매출원은 고르게 분산되어 있지만,.. 공감수 1 댓글수 0 2024. 4. 7.
  • The Volatility Smile - Chapter 4 - Variance Swaps https://symin.us/posts/financial_engineering/2024-04-01.html Gloria - The Volatility Smile - Chapter 4 - Variance SwapsOption values are sensitive to volatility and stock price A better way to trade pure volatility is through volatility and variance swaps How to replicate a variance swap out of a portfolio of options that has the payoff of a log contract How to replicate asymin.us 공감수 1 댓글수 0 2024. 4. 1.
  • The Volatility Smile - Chapter 3 - Static and Dynamic Replication https://symin.us/posts/financial_engineering/2024-03-31.html Gloria - The Volatility Smile - Chapter 3 - Static and Dynamic Replication symin.us 공감수 1 댓글수 0 2024. 3. 31.
  • Quantitative Finance - Chapter 80 - Monte Carlo simulation https://symin.us/posts/financial_engineering/2024-03-30.html Gloria - Quantitative Finance - Chapter 80 - Monte Carlo simulationThe relationship between option values and expectations for equities, currencies, commodities and indices the relationship between derivative products and expectations when interest rates are stochastic how to do Monte Carlo simulations to calculate derivasymin.us 공감수 1 댓글수 0 2024. 3. 31.
  • The Volatility Smile - Chapter 2 - The principle of replication https://symin.us/posts/financial_engineering/2024-03-29.html Gloria - The Volatility Smile - Chapter 2 - The principle of replicationThe law of one price: similar things must have similar prices Replication: the only reliable way to value a security A simple up-down model for the risk of stocks, in which expected return \(\mu\) and volatility \(\sigma\) are all that matter The Law of onsymin.us 공감수 1 댓글수 0 2024. 3. 31.
  • Quantitative Finance - Chapter 46 - defects in the Black-Scholes model https://symin.us/posts/financial_engineering/2024-03-28.html Gloria - Quantitative Finance - Chapter 46 - defects in the Black-Scholes modelSummary Black-Scholes option pricing model은 정말 크게크게 성공한 공식이다. 덕분에 파생상품에 관련된 모든 곳에서 해당 공식을 사용하고 있다. 다만, 강력한 가정 때문에 사용에 조심해야 한다. 현실은symin.us 공감수 1 댓글수 0 2024. 3. 28.
  • Quantitative Finance - Chapter 45 - financial modeling https://symin.us/posts/financial_engineering/2024-03-27.html Gloria - Quantitative Finance - Chapter 45 - financial modelingSummary 현실에서 모델을 활용해야 할 때는 조심해야 한다. 주의해야 할 사항은 다음과 같다 유명한 모델은 간단한 모델인 경우가 많다 수학적으로 간단하고 closed-form solution을 도출할 수 있는 모symin.us 공감수 2 댓글수 0 2024. 3. 27.
  • Quantitative Finance - Chapter 20 - forecasting the markets? https://symin.us/posts/financial_engineering/2024-03-26.html Gloria - Quantitative Finance - Chapter 20 - forecasting the markets?some of the commonly used technical methods for predicting market direction some modern approaches to modeling markets and their microstructure Technical analysis Technical analysis is a way of predicting future price movements based only on observing thesymin.us 공감수 1 댓글수 0 2024. 3. 26.
  • Novo가 놓치고 있는 기회, Lilly가 받는다면 - Eli Lilly (NYSE: LLY) https://blog.naver.com/sy9777m/223395432814 Novo가 놓치고 있는 기회, Lilly가 받는다면 - Eli Lilly (NYSE: LLY)Summary 이미 시장에서는 비만 치료제의 성장률을 공격적으로 잡고 있음 이런 성장률을 justify하려면 No...blog.naver.comSummary이미 시장에서는 비만 치료제의 성장률을 공격적으로 잡고 있음이런 성장률을 justify하려면 Novo Nordisk가 놓친 수요를 Eli Lilly가 받아올 수 있어야 함그런데 Eli Lilly의 capacity 여유분을 확인할 방법이 없음게다가 제약은 공급이 부족하다고 ASP를 올릴 수 있는 비즈니스가 아님consensus/guidance를 miss할 경우 가격 급락 가능성이 높아.. 공감수 2 댓글수 2 2024. 3. 26.
  • Quantitative Finance - Chapter 19 - Value at Risk https://symin.us/posts/financial_engineering/2024-03-25.html Gloria - Quantitative Finance - Chapter 19 - Value at Risk the meaning of VaR how VaR is calculated in practice some of the difficulties associated with VaR for portfolio containing derivatives Introduction The financial institution had no idea what might result from some of their more exotic transactions, often i symin.us 공감수 1 댓글수 0 2024. 3. 25.
  • Quantitative Finance - Chapter 18 - portfolio management https://symin.us/posts/financial_engineering/2024-03-24.html Gloria - Quantitative Finance - Chapter 18 - portfolio management Modern portfolio theory and the capital asset pricing model optimizing your portfolio alternative methodologies such as cointegration how to analyze portfolio performance Introduction The theory of derivatives pricing is theory of deterministic returns: we symin.us 공감수 1 댓글수 0 2024. 3. 24.
  • Quantitative Finance - Chapter 17 - investment lessons from blackjack and gambling https://symin.us/posts/financial_engineering/2024-03-23.html Gloria - Quantitative Finance - Chapter 17 - investment lessons from blackjack and gambling the rules of blackjack blackjack strategy and card counting the Kelly criterion and money management no arbitrage in horse racing The rules of blackjack The aim of the game for the player is to hold a card count greater than that of the dealer w.. 공감수 1 댓글수 0 2024. 3. 23.
  • Quantitative Finance - Chapter 16 - how accurate is the normal approximation? 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.. 공감수 1 댓글수 0 2024. 3. 22.
  • 리드 헤이스팅스 - 다른 사람이 되려고 하지 마라 https://blog.naver.com/sy9777m/222255374016 리드 헤이스팅스 - 다른 사람이 되려고 하지 마라근본적으로 큰 문제를 해결하려고 한다. - 지루함과 고독함을 해결하고자 한다. 지루함과 고독감은 인간에...blog.naver.comhttps://youtu.be/tIhYn2xk5jc 근본적으로 큰 문제를 해결하려고 한다.지루함과 고독함을 해결하고자 한다.지루함과 고독감은 인간에게 고통의 원인이었다.엔터테인먼트가 바로 이 것들을 물리칠 수 있다.우리는 더 나은 엔터테인먼트를 제공하고자 한다.당장 다음 에피소드를 보고 싶어 미쳐버릴 것 같은 느낌을 들게 만드려고 한다.엔터테인먼트의 경우 사람들은 다양한 형태로 즐긴다.우리는 모든 여가 활동과 경쟁한다.쉬는 동안 넷플릭스를 하지 않은.. 공감수 2 댓글수 0 2024. 3. 22.
  • Quantitative Finance - Chapter 15 - the binomial model 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 공감수 1 댓글수 0 2024. 3. 21.
  • <Quantitative Finance> - Chapter 14 - swaps 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 .. 공감수 1 댓글수 0 2024. 3. 20.
  • <Quantitative Finance> - Chapter 13 - fixed-income products and analysis 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 .. 공감수 1 댓글수 0 2024. 3. 19.
  • <Quantitative Finance> - Chapter 12 - how to delta hedge 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.. 공감수 1 댓글수 0 2024. 3. 18.
  • <Quantitative Finance> - Chapter 11 - multi-asset options 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.. 공감수 1 댓글수 0 2024. 3. 17.
  • <Quantitative Finance> - Chapter 10 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.. 공감수 1 댓글수 0 2024. 3. 16.
  • <Quantitative Finance> - Chapter 9 - early exercise and American options 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.. 공감수 1 댓글수 0 2024. 3. 15.
  • <Quantitative Finance> - Chapter 8 - simple generalizations of the Black-Scholes world 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.. 공감수 1 댓글수 0 2024. 3. 14.
  • <Quantitative Finance> - Chapter 7 - the Black-Scholes formulae and the ‘greeks’ 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.. 공감수 1 댓글수 0 2024. 3. 13.
  • git local cache deletion https://blog.naver.com/sy9777m/223350880794 git local cache deletionWhen .gitignore doesn’t work, after removing local git cache, it works properly. This command mea...blog.naver.comWhen .gitignore doesn’t work, after removing local git cache, it works properly. git rm --cached -r . This command means to remove caches in this working directory recursively. If you want to remove caches of a speci.. 공감수 2 댓글수 0 2024. 3. 7.
  • Fixed Income Securities - Chapter 4.1 - Convexity https://symin.us/posts/finance/2024-03-06.html Gloria - Fixed Income Securities - Chapter 4.1 - Convexity The relation between bond prices and interest rates is not linear. Clearly, for small changes in interest rate, the straight line and the curved line are very close to each other. However, for large changes, the approximation is relatively poor. To obtain symin.us 공감수 1 댓글수 0 2024. 3. 6.
  • 답은 상식에 있다_<더 골> https://blog.naver.com/sy9777m/222613947196" data-og-description="은 TOC(Theory of Constraints: 제약이론)의 창시자 엘리 골드렛이 소설의 형식으로 혁..." data-og-host="blog.naver.com" data-og-source-url="https://blog.naver.com/sy9777m/222613947196" data-og-url="https://blog.naver.com/sy9777m/222613947196" data-og-image="https://scrap.kakaocdn.net/dn/osmDB/hyWdhEUZ41/3x4wW5T0WKiIqbP0W7kkbk/img.png?width=458&height=678&fa.. 공감수 3 댓글수 0 2024. 3. 6.
  • Fixed Income Securities - Chapter 3.2 - Duration https://symin.us/posts/finance/2024-03-05.html Gloria - Fixed Income Securities - Chapter 3.2 - Duration The duration of a security with price P is the (negative of the ) percentage sensitivity of the price P to a small parallel shift in the level of interest rates. That is, let r(t, T) be the continuously compounded term structure of interest rates at time t symin.us 공감수 1 댓글수 0 2024. 3. 5.
  • <다산의 마지막 습관> review - Introduction https://blog.naver.com/sy9777m/222616430346 review - Introduction" data-og-description="https://symin.us/83 나는 나를 잘못 간직했다가 나를 잃은 자다. 어렸을 때 과거가 좋게 보여서 과거 공부..." data-og-host="blog.naver.com" data-og-source-url="https://blog.naver.com/sy9777m/222616430346" data-og-url="https://blog.naver.com/sy9777m/222616430346" data-og-image="https://scrap.kakaocdn.net/dn/xlHVo/hyWdrnhP3q/Zy7Ffgnpjzfj2tA7QrNVHk/.. 공감수 1 댓글수 0 2024. 3. 5.
  • <Quantitative Finance> - Chapter 6 - partial differential equations https://symin.us/posts/financial_engineering/2024-03-04.html Gloria - Quantitative Finance - Chapter 6 - partial differential equations Properties of the parabolic partial differential equation the meaning of terms in the Black-Scholes equation Putting the Black-Scholes equation into historical perspective The Black-Scholes partial differential equation is in two dimensions, S and t. It is symin.. 공감수 1 댓글수 0 2024. 3. 4.
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