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Steve Bell. Quantitative Finance For Dummies
Introduction
Part 1. Getting Started with Quantitative Finance
Chapter 1. Quantitative Finance Unveiled
Chapter 2. Understanding Probability and Statistics
Chapter 3. Taking a Look at Random Behaviours
Part 2. Tackling Financial Instruments
Chapter 4. Sizing Up Interest Rates, Shares and Bonds
Chapter 5. Exploring Options
Chapter 6. Trading Risk with Futures
Part 3. Investigating and Describing Market Behaviour
Chapter 7. Reading the Market’s Mood: Volatility
Chapter 8. Analysing All the Data
Chapter 9. Analysing Data Matrices: Principal Components
Part 4. Option Pricing
Chapter 10. Examining the Binomial and Black-Scholes Pricing Models
Chapter 11. Using the Greeks in the Black-Scholes Model
Chapter 12. Gauging Interest-Rate Derivatives
Part 5. Risk and Portfolio Management
Chapter 13. Managing Market Risk
Chapter 14. Comprehending Portfolio Theory
Chapter 15. Measuring Potential Losses: Value at Risk (VaR)
Part 6. Market Trading and Strategy
Chapter 16. Forecasting Markets
Chapter 17. Fitting Models to Data
Chapter 18. Markets in Practice
Part 7. The Part of Tens
Chapter 19. Ten Key Ideas of Quantitative Finance
Chapter 20. Ten Ways to Ace Your Career in Quantitative Finance
Glossary
About the Author
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Quantitative finance is about applying mathematics and statistics to finance. For maths lovers that’s exciting, but for the rest of us it may sound scary and off-putting. But I guide you step by step, so no need to worry. Quantitative finance helps you to price contracts such as options, manage the risk of investment portfolios and improve trade management.
I show you how banks price derivatives contracts based on the statistics of stock and bond price movements and some simple rules of probability. Similar maths help you understand how to manage the risk of investment portfolios. Quantitative tools help you understand and manage these systems, and this book introduces you to many of the most important ones.
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I don’t assume that you have any previous experience of quantitative finance. I don’t even assume that you’re familiar with the world of finance except for the apocalyptic stories you read in the press about crises, greed, bonuses and debt. However, I’m assuming that you’re reading this book because you’re working in a financial institution such as a bank or a hedge fund and want to know what those clever quants (quantitative finance professionals) are doing. Alternatively, you may be studying for a Masters in Finance and looking for help with those quantitative modules.
I assume that you’re familiar with mathematics such as logarithms, exponentials and basic algebra. In some parts of the book, I also assume some knowledge of calculus both differentiation and integration. The online Cheat Sheet at www.dummies.com/cheatsheet/quantitativefinance is a good place to visit if you need to brush up on some of this maths. Some of the sections with the heaviest maths have Technical Stuff icons, which means that you can skip them if you wish.
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