This is a summary of links featured on Quantocracy on Saturday, 08/26/2023. To see our most recent links, visit the Quant Mashup. Read on readers!
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Intro to Black-Scholes, implied volatility and hedging [OS Quant]Im a little embarrassed to admit this, I was recently in a quant interview and the interviewer quickly realised that I didnt know the Black-Scholes formula! That was definitely a moment when imposter syndrome became reality. To fix the situation, Ive written up an easy intro to the Black-Scholes model here. I hope this helps you as much as it helped me. Black-Scholes setup The
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How to Launch Your Career as a Risk Quant in 2024? [Quant at Risk]Launching a career as a risk quant requires a well-thought-out strategy that combines a strong educational foundation, technical skills, and an understanding of the evolving landscape of risk management. To embark on this journey, aspiring risk quants should start by building a solid educational background. Pursuing a bachelors or Masters degree in mathematics, statistics, finance, economy,
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Business sentiment and commodity future returns [SR SV]Business sentiment is a key driver of inventory dynamics in global industry and, therefore, a powerful indicator of aggregate demand for industrial commodities. Changes in manufacturing business confidence can be aggregated by industry size across all major economies to give a powerful directional signal of global demand for metals and energy. An empirical analysis based on information states of
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Structured notes: Wall Street fairy tales that should be avoided! [Alpha Architect]As a general rule of thumb, the more complexity that exists in a Wall Street creation, the faster and farther investors should run. David Swensen, Unconventional Success Structured products are packages of synthetic investment instruments specifically designed to appeal to needs that investors perceive are not being met by available securities. They are often packaged as asset allocation tools