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3 Quantitative Finance Society Asset Classes
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Brain Teasers You’ve got a 10 x 10 x 10 cube made up of 1 x
1 x 1 smaller cubes. The outside of the larger cube is completely painted red. On how many of the smaller cubes is there any red paint?
Answer Larger cube is made up of 1000 smaller
cubes. The easiest way to think about this is how many cubes are NOT painted? 8 x 8 x 8 inner cubes are not painted which equals 512 cubes. Therefore, 1000 – 512 = 488 cubes that have some paint.
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Quantitative Finance SocietyQuantitative Finance Society
Asset Classes
Announcements Upcoming Presentations:
Anatomy of a Trade Derivatives
Portfolio Invites Successful candidates will be receiving an
email today about our portfolio meeting tomorrow
Market Update: The Macro View
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Asset ClassesEquitiesFixed IncomeCurrenciesCommoditiesAlternatives
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What determines the price of a security?
Supply & Demand
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Equities What determines the price of a stock?
Everyday movements, news Volume Market Psychology
Multiples (Comparables) Earnings, P/E EV/EBITDA
ETFs www.trefis.com
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Equities Different sectors, different way to value
Healthcare Tech Telecom Financials Consumer Discretionary Consumer Staples Utilities Industrials Energy Materials
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Fixed Income Governments
Rates – GDP, unemployment, inflation Corporates
Credit + Rates Mortgages
Credit + Rates Ratings
Investment Grade, High Yield, Crossovers10
Currencies Directly related to rates Purchasing Power Parity (PPP) Balance of Payments Carry Trade, Interest rate differentials Country-specific trade characteristics
USD, EUR, JPY, GBP, CHF CAD, AUD, NZD, SEK, NOK
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Commodities Gold & Precious Metals Oil, Natural Gas, other Energy Agricultural
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Alternatives Private Equity Venture Capital Hedge Funds Real Estate Collectibles
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Questions?
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