Investment & Securities Books

  • AFYXO
    • £15.89
    • RRP £19.99
    • Save £4.10Save 20%
    How do we know where we are in the current stock market cycle? Are we in the midst of a new long term bull market or a market rally within an ongoing bear market? The answers to the above questions are critical to forming an appropriate investment strategy to plan for the future. The difference between anticipating the end of a secular (or cyclical) bull market and reacting to the significant crash that follows will have a big impact on anyone's investment returns and retirement plans. This book is concerned with cycles. A cycle is a sequence of events that repeat over time. The outcome won't necessarily be the same each time, but the underlying characteristics are the same. A good example is the seasonal cycle. Each year we have spring, summer, autumn and winter, and after winter we have spring again. But the weather can, and does, vary a great deal from one year to another. And so it is with the stock market. Kerry Balenthiran has studied stock market data going back 100 years and discovered a regular 17.6 year stock market cycle consisting of increments of 2.2 years. He has also extrapolated the cycle forwards to provide investors with a market roadmap stretching out to 2053. He describes this in detail and outlines the changing character of the stock market through the different phases of the 17.6 year stock market cycle. Whether you are an investment professional or private investor, this book provides a fascinating insight into the cyclical nature of the stock market and enables you to ensure that you have the right strategy for the prevailing stock market conditions.
  • ALBFV
    • £19.89
    • RRP £19.99
    Trend trading lets the market do the work for you Is your portfolio doing all it should? Are you looking for a market-focused way to increase returns? Try your hand at trend trading. Instead of analyzing the performance of a company, analyze the performance of the market as a whole. When you spot a trend, jump on it and let it ride until it's time to move. Whether your strategy is short-term, intermediate-term, or long-term, trend trading can help you capitalize on the action of market and get the most out of every move you make. Trend Trading For Dummies will get you up to speed on the ins and outs of this unique technique. You'll learn how to spot the trends and just how heavily market analysis figures into your success. You can get as complex as you like with the data for long-term predictions or just go for quick rides that pump up your gains. Before you jump in, you need to know the basics that can help ensure your success. Learn the rules of trend trading and why you need a solid system Understand technical analysis to make accurate predictions Analyze the market and learn what to look for before you trade Use leverage to your advantage to make better moves Trend Trading For Dummies includes trading strategies that you can use as-is, or customize to suit your needs. Thorough preparation is the key to any good trading plan, and it's no different with trend trading. Trend Trading For Dummies allows you to trade using every angle, and will get you out of or into the market in a flash.
  • ALIWH
    • £16.89
    • RRP £16.99
    In a world dominated by gigantism, the beauty of smallness hasn't had much of a look in. Yet beyond the credit boom, globalisation has been found wanting. This book confounds the consensus, as Williams' extraordinary factual data outlines why smallness offers an effective path for investors to explore beyond the financial crisis. This book is about so much more than just the case for small being beautiful. It explains why the unique characteristics of AIM - the UK market for smaller, growing companies - will be a place of extraordinary vitality in the coming years.
  • ALKLJ
    • £13.69
    • RRP £14.99
    • Save £1.30Save 8%
    The most entertaining book on how to trade shares is back! Ever thought about investing in shares but got frustrated by all the gobbledygook? Bored by all the jargon? Then The Naked Trader is for you! This is the book on stock market investing that you can actually enjoy, written in plain English, packed with real-life trading examples and full of candid advice that you just can't get anywhere else. It's the ideal friend for anyone who wants to make money in the markets. In this completely updated and expanded 4th edition, Robbie Burns (aka the Naked Trader) gives you the lowdown on what you need to make money from today's markets without having to sit at a screen all day or swallow a financial dictionary. Even better, he shows you how to do it all tax-free! The first three editions of The Naked Trader flew off the shelves as glowing reviews mounted up. This brand-new 4th edition contains even more of what made it so popular. There are more exclusive tips and ideas, more winning trades shown from start to finish, and more real-life trader tales of triumph and disaster. Not to mention 20 proven strategies that you can use to make money in the markets and a breakdown of some of the trades that have helped Robbie make more than GBP2 million tax-free. Trading shares, eating toast, making money In between cups of tea, rounds of toast and watching "Deal or No Deal", Robbie tells you all you need to know to become a successful trader: from how to find good shares in the first place, to the best times to buy and sell, as well as how to make sure you have the right mindset for long-term success (it involves an unlikely combination of the secrets of Derren Brown and Dad's Army...). You can also find out how Robbie has even made money during market meltdowns - as well as what his biggest mistakes have been so that you can avoid them! If you're a complete beginner, The Naked Trader is the best place to start. But it's also absolutely perfect if you're already trading and want to learn some new, common-sense trading ideas that really work. So whether you just want to make a few quid on the side while you're at work or want to go on to make money from the markets full-time and quit work like Robbie, The Naked Trader is everything you've been looking for. Grab some tea and toast and start trading the naked way!
  • ALZRZ
    • £35.09
    • RRP £43.99
    • Save £8.90Save 20%
    "The technician's technician" (Barron's), Martin Pring gives new traders the tools and insight they need to draw greater profits from today's markets This new edition of Introduction to Technical Analysis explains how to evaluate trends, highs, lows, price/column relationships, price patterns, moving averages, and momentum indicators for a contemporary audience, using fully new, updated charts, diagrams, and examples. Pring uses his trademark expertise and engaging writing style to simplify concepts for traders. Links to an exclusive downloadable video featuring original content and in-depth explanations of the material is also included. You'll learn how to: Research and construct instantly valuable charts of stock and market activity Interpret the basic concepts of momentum, and apply the theory to actual trades through a common sense set of trading strategies Use price and volume pattern to identify breakouts Analyze and act on peaks and troughs that can signal a change in the prevailing trend Calculate moving averages and gauge their impact. Martin J. Pring is the founder of Pring Research and publisher of Intermarket Review, a monthly market review offering a long-term synopsis of the world's major financial markets. Martin pioneered the introduction of videos as an educational tool for technical analysis in 1987, and was the first to introduce educational, interactive CDs in this field.
  • APALQ
    • £15.99
    • RRP £19.99
    • Save £4.00Save 20%
    It was only intended to make money, but it turned out to be the perfect experiment for discovering the true secrets of investing. Over a period of seven years running a 'best ideas' fund, Lee Freeman-Shor gave $5bn to 50 of the world's top investors to invest exclusively in their most powerful money-making ideas. These were some of the greatest minds at work in the markets today - from European hedge fund managers to Wall Street legends. In the end, most made money for him - but not as he had expected. It turned out that half of the best investing ideas in the world were wrong. In fact, the most successful of his investors were completely mistaken two thirds of the time. There was no such thing as a Midas touch; flipping a coin was a better decision-making method than relying on decades of investing experience. The data also revealed that research didn't matter. Nor did originality. Nor a highly developed network. Dozens of similar revelations shook Freeman-Shor's understanding of investment to the core, and ultimately revealed what really makes or breaks any investor: their hidden habits of execution.This book lays bare the ins and outs of those habits for the first time, backed up with real-life data, case studies and stories taken from a unique $5bn experiment. A riveting read for investors of every level, this book shows you exactly what to do (and what not to do) when you're losing and when you're winning - and demonstrates conclusively why the most important thing about your investing is always the art of execution.
  • ASNKM
    • £20.00
    • RRP £25.00
    • Save £5.00Save 20%
    The Defensive Value Investor presents a simple and comprehensive strategy for building and managing a share portfolio. Defensive investing focuses on strong, steady companies that produce decent rates of income and capital growth, but with risk often coming from a lofty share price. Value investing on the other hand is focused on buying companies on the cheap, but the danger is that these companies are cheap for a reason. Defensive Value combines the two and involves buying relatively defensive companies at value for money prices. John Kingham explains how to screen for shares with the best combination of quality, value, income and growth, how to conduct a thorough qualitative analysis, when to buy, when to sell, and how to combine your investments into an easily manageable portfolio to reduce risk and increase returns. He also illustrates the method throughout with the help of real-life examples. Each step of the process has a simple "rule of thumb" to make it easy to remember what you should do. When these rules are put together they provide a checklist of straightforward, actionable statements for the Defensive Value Investor to follow. You may choose to adopt the full Defensive Value approach, or you may prefer to incorporate some of the techniques into your own share analysis. Either way, this comprehensive book is an essential addition to the library of every investor.
  • AUFVO
    • £21.59
    • RRP £26.99
    • Save £5.40Save 20%
    Deep insight and candid discussion from one of Wall Street's best investors Common Stocks and Common Sense provides detailed insight into common stock investing, using a case-study approach based on real-world investments. Author Edgar Wachenheim is the 28-year CEO of Greenhaven Associates, boasting an average annual portfolio comparable to Warren Buffet's. In this book, he shares his knowledge and experiences by providing detailed analyses of actual investments made by himself and other investors. The discussion covers the entire investment process, including the softer, human side, with candid insight into the joys and frustrations, intensities and pressures, and risks and uncertainties. The unique emphasis on behavioral economics and real-world cases set this book apart from the herd but it's Wachenheim himself and his deeply-examined perspective that elevates the book beyond a mere investing guide. Between 1990 and 2014, a typical portfolio managed by Wachenheim enjoyed an average annual return in excess of 18%, achieved using relatively conservative stocks and no financial leverage. As a proponent of evidence and example, his analysis of real cases serve as a valuable education for anyone looking to improve their own investment practices. * Understand investment through the lens of a Wall Street leader * Dig into the details of real-world common stock investing * Learn how to invest creatively and minimize risk * Go beyond theory to study strategy on a case-by-case basis Investment principles and strategies are easy to find entire libraries have been written about theories and methods and what 'should' happen. But this book goes beyond the typical guide to show you how these ideas are applied in the real world and what actually happened. Investors seeking real insight, real expertise, and a proven track record will find Common Stocks and Common Sense a uniquely useful resource.
  • AUIVJ
    • £11.99
    • RRP £14.99
    • Save £3.00Save 20%
    A revised, fully updated 9th edition of this bestselling book about investing in stocks and shares. This book, first published in 1992, is one of the most enduring guides to investment in the stock market ever published. Now in a thoroughly revised, updated 9th edition this bestselling volume has been written and kept up to date by a professional long-term investor. It explains in plain English how the stock market works; what affects share prices;how to avoid unnecessary risks; and how you can invest successfully in shares, bonds, gilts, options and futures over the long term. It gives step-by-step guidance on: * how to trade on the stock market, whether it's going up or down; * successful stock investment strategies; * investing at minimum risk in traded options and futures; * buying bonds, gilts and interest-bearing deposits.
  • AULOH
    • £24.00
    • RRP £30.00
    • Save £6.00Save 20%
    The book will concentrate on the investment style of Business Perspective Investing, as practiced by Benjamin Graham and Warren Buffett. It will take the reader through the realisation that the thought process involved when buying shares in a company is no different to buying the company in its entirety. Beginning with how to assess the quality of a business, it will explain and illustrate with examples what to look for in company accounts, how to determine the value drivers of a business, the strength of its franchise and how to interpret key financial ratios and performance indicators. It will discuss the ideal characteristics of a business worthy of investment so that the reader will develop a mental checklist of what to look out for. Next, the book will set out a number of valuation methods to determine the likely economic worth of a company. It is against this estimate that a judgement can be made as to whether the share price offers good value. The book will conclude with thoughts on portfolio construction, in particular Focus Investing, where a concentrated approach is taken, and legitimate reasons for deciding to sell a holding.Throughout, the emphasis will be on the methodology used to manage the Sanford DeLand UK Buffettology Fund.
  • AVNHD
    • £21.59
    • RRP £26.99
    • Save £5.40Save 20%
    The individual investor's comprehensive guide to momentum investing Quantitative Momentum brings momentum investing out of Wall Street and into the hands of individual investors. In his last book, Quantitative Value, author Wes Gray brought systematic value strategy from the hedge funds to the masses; in this book, he does the same for momentum investing, the system that has been shown to beat the market and regularly enriches the coffers of Wall Street's most sophisticated investors. First, you'll learn what momentum investing is not: it's not 'growth' investing, nor is it an esoteric academic concept. You may have seen it used for asset allocation, but this book details the ways in which momentum stands on its own as a stock selection strategy, and gives you the expert insight you need to make it work for you. You'll dig into its behavioral psychology roots, and discover the key tactics that are bringing both institutional and individual investors flocking into the momentum fold. Systematic investment strategies always seem to look good on paper, but many fall down in practice. Momentum investing is one of the few systematic strategies with legs, withstanding the test of time and the rigor of academic investigation. This book provides invaluable guidance on constructing your own momentum strategy from the ground up. * Learn what momentum is and is not * Discover how momentum can beat the market * Take momentum beyond asset allocation into stock selection * Access the tools that ease DIY implementation The large Wall Street hedge funds tend to portray themselves as the sophisticated elite, but momentum investing allows you to 'borrow' one of their top strategies to enrich your own portfolio. Quantitative Momentum is the individual investor's guide to boosting market success with a robust momentum strategy.
  • AWKAL
    • £13.49
    • RRP £16.99
    • Save £3.50Save 20%
    For generations investors have believed that risk and return are inseparable. But is this really true? In High Returns from Low Risk, Pim van Vliet, founder and fund manager of multi-billion Conservative Equity funds at Robeco and expert in the field of low-risk investing, combines the latest research with stock market data going back to 1929 to prove that investing in low-risk stocks gives surprisingly high returns, significantly better than those generated by high-risk stocks. Together with investment specialist Jan de Koning, he presents this counterintuitive story as a modern upbeat stock market equivalent of the tortoise and the hare . This book helps you to construct your own low-risk portfolio, select the right ETF or to find an active low-risk fund in order to profit from this paradox. And it explains why investing in low-risk stocks works and will continue to work, even once more people become aware of the paradox. It s also a personal story, one that links our human nature and behavior to a prudent and successful investment formula. High Returns from Low Risk gives all the tools one needs to achieve excellent, long-term investment results. "I loved reading the book. It s educational, humble, funny and philosophical; quite rare attributes for a financial book. In today's world where individuals will have to take more and more responsibility for their savings, this book serves a need: providing sound and pragmatic advice about how to manage one s savings. Furthermore, this book puts forward an inconvenient truth about investment that is close to my heart: more risk doesn t necessarily mean more return. On the contrary, it is sound and pro-active risk management that permits investment portfolios to have sustainable long-term returns" Fiona Frick, CEO Unigestion, Switzerland Explaining a financial theory to a broad audience is no easy task, and refuting one of the oldest and best known investment theories: higher risk for higher returns, harder still. But Pim (and Jan) manage to convince the reader in this easy to read and accessible book of their approach. They not only explain low-risk investing, but offer readers a whole set of investment (and even life) lessons at the same time. I would recommend every investor read this book. It may not turn all readers into low-risk investors, but it certainly will offer valuable insights into the risk/return question. Ronald van Genderen, CFA, Manager Research Analyst at Morningstar, The Netherlands "The low-risk effect, that is the idea that historically, unlike many well-known theories, average return across stocks doesn't appear to go up with most standard measures of risk, is one of the most important 'anomalies' in modern finance. Pim van Vliet is one of the pioneers in studying this effect and using it to improve investor portfolios. Anyone interested in systematic equity investing should carefully read this important book." Clifford S. Asness, Founder, Managing Principal and Chief Investment Officer at AQR Capital Management, USA "Pim van Vliet s experience as one of pioneers of low volatility investing gives him unique insight into one of the most fascinating economic anomalies of our time. The idea that risk, properly defined, generates a positive return, is one of those ideas that becomes even more profound when we learn it is not true. There is no cosmic risk karma that pays people for taking risk, and this book will help people understand what types of investment risks generate premiums, and which actually will cost you money." Eric Falkenstein, Author of The Missing Risk Premium : Why Low Volatility Investing works, USA
  • BWDYG
    • £162.39
    • RRP £202.99
    • Save £40.60Save 20%
    An excellent resource for investors, Modern Portfolio Theory and Investment Analysis, 9th Edition examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. A chapter on behavioral finance is included, aimed to explore the nature of individual decision making. A chapter on forecasting expected returns, a key input to portfolio management, is also included. In addition, investors will find material on value at risk and the use of simulation to enhance their understanding of the field.
  • BUPZX
    • £64.00
    • RRP £80.00
    • Save £16.00Save 20%
    A career's worth of portfolio management knowledge in one thorough, efficient guide Professional Portfolio Management is an authoritativeguide for those who wish to manage money professionally. This invaluable resource presents effective portfolio management practices supported by their underlying theory, providing the tools and instruction required to meet investor objectives and deliver superior performance. Highlighting a practitioner's view of portfolio management, this guide offers real-world perspective on investment processes, portfolio decision making, and the business of managing money for real clients. Real world examples and detailed test cases--supported by sophisticated Excel templates and true client situations--illustrate real investment scenarios and provide insight into the factors separating success from failure. The book is an ideal textbook for courses in advanced investments, portfolio management or applied capital markets finance. It is also a useful tool for practitioners who seek hands-on learning of advanced portfolio techniques. Managing other people's money is a challenging and ever evolving business. Investment professionals must keep pace with the current market environment to effectively manage their client's assets while students require a foundation built on the most relevant, up-to-date information and techniques. This invaluable resource allows readers to: Learn and apply advanced multi-period portfolio methods to all major asset classes. Design, test, and implement investment processes. Win and keep client mandates. Grasp the theoretical foundations of major investment tools Teaching and learning aids include. Easy-to-use Excel templates with immediately accessible tools. Accessible PowerPoint slides, sample exam questions and sample syllabi Video lectures Proliferation of mathematics in economics, growing sophistication of investors, and rising competition in the industry requires advanced training of investment professionals. Professional Portfolio Management provides expert guidance to this increasingly complex field, covering the important advancements in theory and intricacies of practice.
  • AIKWR
    • £60.79
    • RRP £75.99
    • Save £15.20Save 20%
    The proven advice and tools you need to protect your portfolio from the next financial catastrophe. In the very first book on the subject of tail risk hedging, Bhansali reveals strategies investors can use to protect themselves from potentially catastrophic events. The most important development in risk management is managing for "tail risks", or the risks posed by rare events that can have outsized impact on portfolios. Tail risk derives its name from the classic bell curves used to illustrate market outcomes. The most likely outcomes occur near the center of the curve, whereas the least likely incomes occur at either "tail" of the curve. Protecting investment portfolios against severe losses has become a priority in the wake of the global financial crisis. This guide provides actionable steps investors can take to hedge their portfolios against these tail risks. Vineer Bhansali, Ph.D., is a managing director and portfolio manager in the Newport Beach office of PIMCO, where he oversees the company's quantitative investment portfolios.
  • AKPPN
    • £55.99
    • RRP £69.99
    • Save £14.00Save 20%
    This is a new edition of the bestselling guide to options investing. A fully rounded education on the topic, Option Volatility and Pricing examines the theories and realities of option trading. It provides everything traders need to succeed in the market, including overall trading techniques, risk management, strategies for stock index futures and options, information on pricing models, intermarket spreading options, and in-depth discussions of volatility and analysis of volatility skews. Sheldon Natenberg has been in charge of the education program at Chicago Trading Company, a proprietary derivatives trading firm, since 2000.
  • BWFLY
    • £52.00
    • RRP £65.00
    • Save £13.00Save 20%
    Very few books published so far have touched upon commodity finance and fewer still have provided a systematic explanation and analysis of the subject. It is however a subject that is relevant throughout almost every corner of the world From food to gold, commodities are ubiquitious. In this book, Dr. W. Huang, a practitioner and a trainer, covers commodities, commodity markets, commodity trade and the finance of commodity trade. As such, practitioners such as bankers and traders in commodity finance, and those institutions operating in this field, or planning to be active in this field, will all benefit from this book. This revised and updated second edition is a hands-on summary of commodity finance, with a special chapter dedicated to real-life case studies of commodity finance. Topics covered include: - High-level overview of commodity trade and finance. - The three major sectors of commodity finance: soft commodities, hard commodities and energy - Commodity finance and emerging markets, as most commodity export countries are emerging markets countries. - The special mechanisms and products of commodity finance, from plain vanilla products to more complicated structures. The concept of Supply Chain Finance is also covered in detail. - Bank and country risk. - Risk management principles, with practical case studies. - The organization of a typical commodity finance bank. The key benefits of the book are: For bankers - how to do business and what risks should be watched for? For traders, brokers and institutional investors - how commodity finance is done and what bank instruments can be used. For students - how is commodity finance handled and developed by banks? Each chapter can be read independently. The content has been reviewed by both experts and newcomers, incorporating their comments on style and content, to ensure it is as useful and clear as possible.
  • BOKXK
    • £39.99
    • RRP £49.99
    • Save £10.00Save 20%
    Engines That Move Markets is a comprehensive history of market-shaping industries and their impact on how we invest today. Now in its second edition, this modern investing classic highlights the history of industrial development and its impact on investors. By exploring key technological advances of the past and what they meant for investors - including electricity, the railroad, the telephone, the computer and more - it provides vital insights on how to appraise the new technology companies of the future. A complete and deeply researched history of industries and investing, the book is filled with fascinating and instructive details, including how Thomas Edison lost control of his company, the impact of the Standard Oil breakup, the early days of the wireless industry, and the course of the computer and internet revolution. Investors looking for industry-shaping investments will undoubtedly use Engines That Move Markets as their guide. This revised and updated second edition is the most definitive and comprehensive version yet.
  • AENFE
    • £35.49
    • RRP £45.00
    • Save £9.51Save 21%
    In the last decade, sub-Saharan Africa has become one of the most talked about regions of the world in terms of emerging investment opportunities, sources of new growth in the world and newly qualifying investment destinations - a quintessential frontier market. It is developing into a long-term economic interest with international appeal. However, there is still a lack of solid, useful information; "Africa - The Ultimate Frontier Market" aims to fill this void. It examines sub-Saharan Africa as an investment opportunity, and presents you with its economic appeal from a consumer markets perspective through the eyes of an African capital markets practitioner and investment banker.
  • BGKMZ
    • £35.99
    • RRP £44.99
    • Save £9.00Save 20%
    This new publication series from Legend Business provides an authoritative and essential guide to the post-referendum business climate in the United Kingdom together with outlines of the laws, business regulations and practices that affect those looking to complete business in the UK. The Guide also reflects the likely impact of the 2016 decision to leave the European Union on businesses in the UK. Aimed at businesses of all sizes, from multinationals to SMEs, the Guide offers in-depth briefings on the technical aspects of investment and business start-ups such as: Grants and incentivesUKTI support servicesCompany formationFinancial reportingBusiness taxationCommercial lawIntellectual propertyImmigrationEmployment lawPension and benefitsMergers, acquisitions and joint venturesKey industry sector opportunities
  • AHLHK
    • £31.99
    • RRP £39.99
    • Save £8.00Save 20%
    Historically tested long-term strategies that always outperform the market "O'Shaughnessy's conclusion that some strategies do produce consistently strong results while others underperform could shake up the investment business." --Barron's "What Works on Wall Street is indisputably a major contribution to empirical research on the behavior of common stocks in the United States...Conceivably, the influence of What Works on Wall Street will prove immense." --The Financial Analysts' Journal "O'Shaughnessy's latest, What Works on Wall Street, is a serious inquiry into the investment strategies that stand up under long-term scrutiny and is refreshing research for every investor." --Stocks and Commodities Recent history has witnessed one of the worst stock market beatings ever. As a result, abysmal returns are being called "the new normal," financial "experts" are ringing the death knell of buy-and-hold, and investors' faith in equities has hit an all-time low. You have two choices. You can abandon the stock market based on what is happening today. Or you can invest today based on what will happen in the future. Containing all new data, What Works on Wall Street, Fourth Edition, is the only investing guide that lets you see today's market in its proper context-- as part of the historical ebb and flow of the stock market. And when you see the data, you'll see there is no argument: Stocks work. Now in its second decade of helping investors succeed with stocks, What Works on Wall Street continues to provide the most effective investing strategies, presenting incontrovertible data on what works and what doesn't. Updated with current statistics and brand-new features, What Works on Wall Street offers data on almost 90 years of market performance, including: Stocks ranked by market capitalization Price-to-earnings ratios EBITDA to enterprise value Price-to-cash flow, -sales, and -book ratios Dividend, buyback, and shareholder yields One-year earnings-per-share percentage changes Providing you with unparalleled insights into stock performance going back to 1926, What Works on Wall Street is a refreshingly calming, objective view of a subject that is usually wrapped in drama, hyperbole, and opinions that are plain wrong. This comprehensive guide provides the objective facts and winning strategies you need; all you have to do is make the decision to ignore the so-called market experts and rely on the long-proven approach that has made What Works on Wall Street an investing classic.
  • BKXJN
    • £31.99
    • RRP £39.99
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    Investors recognize that technology is a powerful tool for obtaining and interpreting financial data that could give them the one thing everyone on Wall Street wants: an edge. Yet, many don't realize that you don't need to be a programmer to access behind-the-scenes financial information from Bloomberg, IHS Markit, or other systems found at most banks and investment firms. This practical guide teaches analysts a useful subset of Excel skills that will enable them to access and interpret financial information-without any prior programming experience. This book will show analysts, step-by-step, how to quickly produce professional reports that combine their views with Bloomberg or Markit data including historical financials, comparative analysis, and relative value. For portfolio managers, this book demonstrates how to create professional summary reports that contain a high-level view of a portfolio's performance, growth, risk-adjusted return, and composition. If you are a programmer, this book also contains a parallel path that covers the same topics using C#. Topics include: Access additional data that isn't visible on Bloomberg screens Create tables containing corporate data that makes it possible to compare multiple companies, bonds, or loans side-by- side Build one-page analytic ("Tear Sheet") reports for individual companies that incorporates important financials, custom notes, relative value comparison of the company to its peers, and price trends with research analyst targets Build two-page portfolio summary report that contains a high-level view of the portfolio's performance, growth, risk-adjusted return, and composition Explore daily prices and facility information for most of the tradable corporate bond and loan market Determine the relationship between two securities (or index) using correlation and regression Compare each security's performance to a cohort made of up of securities with similar risk and return characteristics Measure portfolio risk-adjusted return by calculating variance, standard deviation, and Sharpe ratio Use Markit data to identify meaningful trends in prices, new issue spreads, and refinancings
  • BSWHB
    • £30.39
    • RRP £37.99
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    The best data in the business, updated for 2019 Stock Trader's Almanac 2019 provides the cleanest historical data in the business to give traders and investors an advantage in the market. The 2019 edition is consistent with decades of the Stock Trader's Almanac showing you the cycles, trends, and patterns you need to know in order to invest with minimum risk and maximum profit. Updated with the latest numbers, this indispensable guide is organized in a calendar format to provide monthly and daily reminders, including upcoming opportunities to grab and dangers to avoid. Proprietary strategies include the Hirsch Organization's Best Six Months Switching Strategy, the January Barometer, and the Four-Year Presidential Election/Stock Market Cycle, arming you with the tools savvy investors use to achieve their market goals. Trusted by Barron's, The Wall Street Journal, the New York Times, and other respected market authorities, this indispensable guide has helped generations of investors make smart market moves. This new edition provides the same level of invaluable guidance, with the latest data straight from the vault. Access the most trusted historical market data available Identify patterns and trends you won't find anywhere else Get advance notice about upcoming risks and opportunities Bring accuracy to your forecasting and confidence to your investing Analytical tools are essential to successful investing, but they're only as useful as the data is accurate. Even the most beautifully designed model cannot forecast accurately based on incomplete, misleading, or inaccurate numbers; data quality is the bedrock of your entire investing strategy, and when it comes to data, cleanliness is next to profitability. Get the edge this year with the best data in the business, plus a wealth of valuable strategies in the Stock Trader's Almanac 2019.
  • BTODC
    • £30.39
    • RRP £37.99
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    The essential resource for navigating the growing direct loan market Private Debt: Opportunities in Corporate Direct Lending provides investors with a single, comprehensive resource for understanding this asset class amidst an environment of tremendous growth. Traditionally a niche asset class pre-crisis, corporate direct lending has become an increasingly important allocation for institutional investors--assets managed by Business Development Company structures, which represent 25% of the asset class, have experienced over 600% growth since 2008 to become a $91 billion market. Middle market direct lending has traditionally been relegated to commercial banks, but onerous Dodd-Frank regulation has opened the opportunity for private asset managers to replace banks as corporate lenders; as direct loans have thus far escaped the low rates that decimate yield, this asset class has become an increasingly attractive option for institutional and retail investors. This book dissects direct loans as a class, providing the critical background information needed in order to work effectively with these assets. Understand direct lending as an asset class, and the different types of loans available Examine the opportunities, potential risks, and historical yield Delve into various loan investment vehicles, including the Business Development Company structure Learn how to structure a direct loan portfolio, and where it fits within your total portfolio The rapid rise of direct lending left a knowledge gap surrounding these nontraditional assets, leaving many investors ill-equipped to take full advantage of ever-increasing growth. This book provides a uniquely comprehensive guide to corporate direct lending, acting as both crash course and desk reference to facilitate smart investment decision making.