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Before I explain, Just want to make it clear that I do not promote betting nor involve myself in it.. I see it as an exercise in understanding probability. And yes, this is not related to FRM.. But I found this of real interest. He explains a method where we can always profit from playing...

Hi, I would like to ask if pursuing FRM after finishing professional accountants course like CA/CPA/ACCA give me a extension and a addition. I know both are different scope wise.. And MBAs normally do FRM. CAs are professionally trained in auditing, taxation, financial management and accounting...

Here I make a checklist for getting into Stochastic Calculus.. After consulting my bro who is Math Ph.d this required reading is what a person who want to understand stochastic calculus 1. Precalculus Mathematics in a Nutshell- Geometry, Algebra and Trignometry by George F. Simmons 2. Calculus...

Yet again I found a set of notes that I had compiled from various sources and summarized the Portfolio Theory concepts within 17 pages.. This covers the important aspects of Portfolio theory including the various Modern Portfolio theory variations explained such as Efficient Frontier, CAPM, APT...

I have applied the concept in a excel worksheet to model weekly stock prices and stock returns for Starbucks. @David Harper CFA FRM .. Please let me know if this is an ok approach.. P.S. By using Oracle's Crystal Ball tool I got the interval prices as 48 $ and 80$ at the 95% Confidence...

This is a resource I made by myself for a quick summary on basic Options Strategy.. I made this 3 years back or so.. So it's a bit ancient for me.. https://www.dropbox.com/s/q56ryasdnfulv27/option_pay_off.pdf?dl=0 Hope its useful. Jairam

Gummystuff http://www.financialwisdomforum.org/gummy-stuff/ has given a comprehensive walkthrough on Copula for the layman. I have formatted the same in PDF.. This is free for all content so thank this man gummystuff if you like it..:) PDF Link ----> http://www.filedropper.com/copulas Hope...

So I link this video which explains GARCH(1,1) as a measure to forecast future volatility. Now we know EWMA is a special case of GARCH which sums alpha and beta equal to 1 and therefore ignores any impact on long run variance, implying that variance is not mean reverting.. Again when we...

I came across a example question from Schweser which I solved it below. Because the question specified that the performance in one year is independent of performance in next year. The probability that an Excellent manager will outperform 3 years in a row is (70%)^3 = 34.3% . This is why I...

Assuming Lambda = 0.96 Window Period= 10 to 200 days From what I have seen there are 2 formulas for the hybrid approach. Formula 1 (1-lambda)*(lambda)^(n-1) & Formula 2 (1-lambda)*(lambda)^(n-1)/(1-(lambda)^window period) This is a excel working using both the formulas. The window period is...

I haven't bought the Bionic Turtle Study Set yet. I am moving through all the concepts from the GARP Material and additionally the BT Youtube Videos by David Harper and they were really excellent as they helped me in understanding parts which I haven't been able to get through from the...