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: 9656

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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.

Advanced modelling in finance using Excel and VBA

Author: Mary Jackson,Mike Staunton

Publisher: John Wiley & Sons Inc

ISBN: 9780471499220

Category: Business & Economics

Page: 263

View: 9776

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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.

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: 2777

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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.

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: 7625

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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.

Financial Analysis and Modeling Using Excel and VBA

Author: Chandan Sengupta

Publisher: John Wiley & Sons

ISBN: 047027560X

Category: Business & Economics

Page: 793

View: 2281

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Provides a comprehensive guide for anyone who has to undertake financial analysis, or understand and implement financial models. Discusses a wide range of real-world financial problems and models using Excel 2007 and Visual Basic for Applications (VBA). Provides reference to earlier versions of Excel and VBA, and includes a CD-Rom with modelling tools and working versions of models discussed.

Financial Modeling Using Excel and VBA

Author: Chandan Sengupta

Publisher: John Wiley & Sons

ISBN: 9780471267683

Category: Business & Economics

Page: 857

View: 5551

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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.

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: 5001

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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.

Financial Modelling in Practice

A Concise Guide for Intermediate and Advanced Level

Author: Michael Rees

Publisher: N.A

ISBN: 9781118374658

Category: Corporations

Page: 270

View: 4417

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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. --From publisher's description.

Option Pricing Models and Volatility Using Excel-VBA

Author: Fabrice D. Rouah,Gregory Vainberg

Publisher: John Wiley & Sons

ISBN: 1118429206

Category: Business & Economics

Page: 441

View: 9535

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This comprehensive guide offers traders, quants, and students the tools and techniques for using advanced models for pricing options. The accompanying website includes data files, such as options prices, stock prices, or index prices, as well as all of the codes needed to use the option and volatility models described in the book. Praise for Option Pricing Models & Volatility Using Excel-VBA "Excel is already a great pedagogical tool for teaching option valuation and risk management. But the VBA routines in this book elevate Excel to an industrial-strength financial engineering toolbox. I have no doubt that it will become hugely successful as a reference for option traders and risk managers." —Peter Christoffersen, Associate Professor of Finance, Desautels Faculty of Management, McGill University "This book is filled with methodology and techniques on how to implement option pricing and volatility models in VBA. The book takes an in-depth look into how to implement the Heston and Heston and Nandi models and includes an entire chapter on parameter estimation, but this is just the tip of the iceberg. Everyone interested in derivatives should have this book in their personal library." —Espen Gaarder Haug, option trader, philosopher, and author of Derivatives Models on Models "I am impressed. This is an important book because it is the first book to cover the modern generation of option models, including stochastic volatility and GARCH." —Steven L. Heston, Assistant Professor of Finance, R.H. Smith School of Business, University of Maryland

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: 2094

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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.

Financial Modeling

Author: Simon Benninga,Benjamin Czaczkes

Publisher: MIT Press

ISBN: 0262027283

Category: Business & Economics

Page: 1144

View: 5947

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A substantially revised edition of a bestselling text combining explanation and implementation using Excel; for classroom use or as a reference for finance practitioners.

The Implementation of Market Models Using VBA

Author: Francois Goossens

Publisher: John Wiley & Sons

ISBN: 1118961994

Category: Business & Economics

Page: 312

View: 6346

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Praise for How to Implement Market Models Using VBA "This well-written book proposes a wide instructional use of Visual Basic in order to learn computational finance in more detail by covering issues and techniques useful for quant/trading jobs in investment companies. All readers, students or financial engineers, will find much to improve their thinking of VBA when applied to finance thanks to the important resource of examples. I strongly recommend this new book to accompany each step toward successful programming." —Sofiane Aboura Professor of finance, University of Paris Dauphine "This book offers the reader a unique opportunity to obtain both introductory and advanced knowledge in Finance with direct implementations in VBA. It starts with a survival kit for VBA newcomers and covers classical techniques usually studied in MSc Finance programs. However, it also presents more sophisticated approaches to these topics (among others, the HJM and Heston models), qualifying the book for both professionals and advanced students in quantitative/computational Finance. As such I would recommend this book to my students attending the Master 'Financial and Risk Engineering' or under my supervision in a PhD program, as well as to everyone willing to update or upgrade his knowledge in VBA for implementing market models in a professional environment." —Olivier Brandouy Professor of finance, University of Bordeaux and IAE/Paris Sorbonne "As financial markets have reached maturity and volumes of products have dramatically increased, the emphasis of financial research has shifted from model development to model implementation. Nowadays it is paramount to use models optimally in aspects such as development costs, transparency, controllability, etc. Their implementation is therefore as important as their all-encompassing-ness, which explains why VBA has become a tool of choice to test models and valuation tools. How to Implement Market Models Using VBA proposes a rare junction between instruments types, asset classes, models and implementation techniques - presenting its material in a clear and educational manner. It is a positive addition to an often fragmented and specialised literature. This book will be of great use in the hands of graduate students as well as on the desk of practitioners." —Dr. Vincent Gesser, CEO Kleber consulting Ltd "This book tackles a wide range of technical issues arising from the implementation of popular market models in a remarkably practical manner. The author clearly does a lot to comprehensively expose the rationale under lying pricing formulae and illustrate them with an easy to learn programming language. Practitioners wishing to strengthen their quantitative insight as well as students in finance should make the best from this book." —Yassine Makrini, quantitative analyst, J.P. Morgan

Implementing Models of Financial Derivatives

Object Oriented Applications with VBA

Author: Nick Webber

Publisher: John Wiley & Sons

ISBN: 0470661844

Category: Business & Economics

Page: 692

View: 7732

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Implementing Models of Financial Derivatives is a comprehensive treatment of advanced implementation techniques in VBA for models of financial derivatives. Aimed at readers who are already familiar with the basics of VBA it emphasizes a fully object oriented approach to valuation applications, chiefly in the context of Monte Carlo simulation but also more broadly for lattice and PDE methods. Its unique approach to valuation, emphasizing effective implementation from both the numerical and the computational perspectives makes it an invaluable resource. The book comes with a library of almost a hundred Excel spreadsheets containing implementations of all the methods and models it investigates, including a large number of useful utility procedures. Exercises structured around four application streams supplement the exposition in each chapter, taking the reader from basic procedural level programming up to high level object oriented implementations. Written in eight parts, parts 1-4 emphasize application design in VBA, focused around the development of a plain Monte Carlo application. Part 5 assesses the performance of VBA for this application, and the final 3 emphasize the implementation of a fast and accurate Monte Carlo method for option valuation. Key topics include: ?Fully polymorphic factories in VBA; ?Polymorphic input and output using the TextStream and FileSystemObject objects; ?Valuing a book of options; ?Detailed assessment of the performance of VBA data structures; ?Theory, implementation, and comparison of the main Monte Carlo variance reduction methods; ?Assessment of discretization methods and their application to option valuation in models like CIR and Heston; ?Fast valuation of Bermudan options by Monte Carlo. Fundamental theory and implementations of lattice and PDE methods are presented in appendices and developed through the book in the exercise streams. Spanning the two worlds of academic theory and industrial practice, this book is not only suitable as a classroom text in VBA, in simulation methods, and as an introduction to object oriented design, it is also a reference for model implementers and quants working alongside derivatives groups. Its implementations are a valuable resource for students, teachers and developers alike. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Using Excel for Business Analysis

A Guide to Financial Modelling Fundamentals

Author: Danielle Stein Fairhurst

Publisher: John Wiley & Sons

ISBN: 1119062462

Category: Business & Economics

Page: 464

View: 2866

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While there are many hundreds of tools, features and functions in Excel, this book focusses only on the ones it is critical for the Finance Business user to know. It covers these features in detail from a practical perspective, but also puts them in context by applying them to practical examples in the real world. It is invaluable for anyone using Excel for Finance, as it helps them to do their jobs faster, more efficiently and with fewer errors. The book is organized into twelve chapters, arranged in order based on different aspects of Excel modelling. This book includes: -step-by-step instructions for how to use each feature that are detailed in a practical example -live models for readers to build it on their own accompanying excel worksheets downloadable via the website

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: 5940

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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.

Corporate and Project Finance Modeling

Theory and Practice

Author: Edward Bodmer

Publisher: John Wiley & Sons

ISBN: 1118854365

Category: Business & Economics

Page: 624

View: 3014

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A clear and comprehensive guide to financial modeling and valuation with extensive case studies and practice exercises Corporate and Project Finance Modeling takes a clear, coherent approach to a complex and technical topic. Written by a globally-recognized financial and economic consultant, this book provides a thorough explanation of financial modeling and analysis while describing the practical application of newly-developed techniques. Theoretical discussion, case studies and step-by-step guides allow readers to master many difficult modeling problems and also explain how to build highly structured models from the ground up. The companion website includes downloadable examples, templates, and hundreds of exercises that allow readers to immediately apply the complex ideas discussed. Financial valuation is an in-depth process, involving both objective and subjective parameters. Precise modeling is critical, and thorough, accurate analysis is what bridges the gap from model to value. This book allows readers to gain a true mastery of the principles underlying financial modeling and valuation by helping them to: Develop flexible and accurate valuation analysis incorporating cash flow waterfalls, depreciation and retirements, updates for new historic periods, and dynamic presentation of scenario and sensitivity analysis; Build customized spreadsheet functions that solve circular logic arising in project and corporate valuation without cumbersome copy and paste macros; Derive accurate measures of normalized cash flow and implied valuation multiples that account for asset life, changing growth, taxes, varying returns and cost of capital; Incorporate stochastic analysis with alternative time series equations and Monte Carlo simulation without add-ins; Understand valuation effects of debt sizing, sculpting, project funding, re-financing, holding periods and credit enhancements. Corporate and Project Finance Modeling provides comprehensive guidance and extensive explanation, making it essential reading for anyone in the field.

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

Author: Steve Dalton

Publisher: Wiley

ISBN: 0470319046

Category: Business & Economics

Page: 584

View: 1449

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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.

Modeling Structured Finance Cash Flows with Microsoft?Excel

A Step-by-Step Guide

Author: Keith A. Allman

Publisher: John Wiley & Sons

ISBN: 9781118044667

Category: Business & Economics

Page: 199

View: 7417

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A practical guide to building fully operational financial cash flow models for structured finance transactions Structured finance and securitization deals are becoming more commonplace on Wall Street. Up until now, however, market participants have had to create their own models to analyze these deals, and new entrants have had to learn as they go. Modeling Structured Finance Cash Flows with Microsoft Excel provides readers with the information they need to build a cash flow model for structured finance and securitization deals. Financial professional Keith Allman explains individual functions and formulas, while also explaining the theory behind the spreadsheets. Each chapter begins with a discussion of theory, followed by a section called "Model Builder," in which Allman translates the theory into functions and formulas. In addition, the companion website features all of the modeling exercises, as well as a final version of the model that is created in the text. Note: Companion website and other supplementary materials are not included as part of eBook file.

Mastering Financial Modelling in Microsoft Excel 3rd edn

A Practitioner's Guide to Applied Corporate Finance

Author: Alastair Day

Publisher: Pearson UK

ISBN: 0273772341

Category: Business & Economics

Page: 520

View: 7638

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Comprehensive tools and methods to help you build, develop and apply financial models using Microsoft Excel, enabling you to get better, more accurate results, faster. The new edition of this bestselling title begins by explaining basic modelling techniques before moving through to more complex models. The book is divided into two parts: the first part outlines model designs and gives templates, key features and techniques. The second part of the book shows how to build corporate financial models in Excel. This new edition includes a reworking of the book in Excel 2010 (but with older material still included), inclusion of Apple Mac, addition of specific 2010 features and end of chapter exercises. If you are buying the ebook, companion files can be downloaded from the digital downloads section of http://www.financial-models.com/.

Financial Modeling in Excel For Dummies

Author: Danielle Stein Fairhurst

Publisher: John Wiley & Sons

ISBN: 111935756X

Category: Business & Economics

Page: 336

View: 1572

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Make informed business decisions with the beginner's guide to financial modeling using Microsoft Excel Financial Modeling in Excel For Dummies is your comprehensive guide to learning how to create informative, enlightening financial models today. Not a math whiz or an Excel power-user? No problem! All you need is a basic understanding of Excel to start building simple models with practical hands-on exercises and before you know it, you'll be modeling your way to optimized profits for your business in no time. Excel is powerful, user-friendly, and is most likely already installed on your computer—which is why it has so readily become the most popular financial modeling software. This book shows you how to harness Excel's capabilities to determine profitability, develop budgetary projections, model depreciation, project costs, value assets and more. You'll learn the fundamental best practices and know-how of financial modeling, and how to put them to work for your business and your clients. You'll learn the tools and techniques that bring insight out of the numbers, and make better business decisions based on quantitative evidence. You'll discover that financial modeling is an invaluable resource for your business, and you'll wonder why you've waited this long to learn how! Companies around the world use financial modeling for decision making, to steer strategy, and to develop solutions. This book walks you through the process with clear, expert guidance that assumes little prior knowledge. Learn the six crucial rules to follow when building a successful financial model Discover how to review and edit an inherited financial model and align it with your business and financial strategy Solve client problems, identify market projections, and develop business strategies based on scenario analysis Create valuable customized templates models that can become a source of competitive advantage From multinational corporations to the mom-and-pop corner store, there isn't a business around that wouldn't benefit from financial modeling. No need to buy expensive specialized software—the tools you need are right there in Excel. Financial Modeling in Excel For Dummies gets you up to speed quickly so you can start reaping the benefits today!