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Bionic Turtle
United States
Registrace 18. 12. 2007
Bionic Turtle is your expert resource and global community, specializing in professional certification: FRM, CFA, CFP, ERP, CAIA, Risk School. Visit our website at www.bionicturtle.com for more in-depth FRM materials! Make sure to take a quick second to subscribe to our page so you are notified when we post new videos!
The SML is a general CML (informal FRM tip series)
A forum member asked me this great question; "If the CML plots well-diversified portfolios, and well-diversified portfolios have no idiosyncratic risk, then isn't the CML also a plot of systematic risk (aka, beta)? Put another way, doesn't the CML already map to the SML?" My response is here forum.bionicturtle.com/threads/week-in-financial-education-2021-05-24.23840/post-88829
This mathematically explains why my favorite summary distinction of the difference between the CML and SML is this: the CML plots only (the most) efficient portfolios, but the SML plots all portfolios (including inefficient portfolios). I hope that's interesting!
Subscribe here czcams.com/users/bionicturtle?sub-confirmation=1
to be notified of future tutorials on expert finance and data science, including the Financial Risk Manager (FRM), the Chartered Financial Analyst (CFA), and R Programming!
If you have questions or want to discuss this video further, please visit our support forum (which has over 50,000 members) located at bionicturtle.com/forum
You can also register as a member of our site (for free!) at www.bionicturtle.com/register/
Our email contact is support@bionicturtle.com (I can also be personally reached at davidh@bionicturtle.com)
For other videos in our Financial Risk Manager (FRM) series, visit these playlists:
Texas Instruments BA II+ Calculator
czcams.com/play/PLCBifSfCnx3sjobyTnEyv2N4baxF8-wiS.html
Risk Foundations (FRM Topic 1)
czcams.com/play/PLCBifSfCnx3sm2OmHA1BO41Zcc4ntUwMG.html
Quantitative Analysis (FRM Topic 2)
czcams.com/play/PLCBifSfCnx3sormazeHQr5G9etDITYStF.html
Financial Markets and Products: Intro to Derivatives (FRM Topic 3, Hull Ch 1-7)
czcams.com/play/PLCBifSfCnx3tQuvaS-lG-8ZqUh7NvxRDg.html
Financial Markets and Products: Option Trading Strategies (FRM Topic 3, Hull Ch 10-12)
czcams.com/play/PLCBifSfCnx3s7iycLx2eZQeIUPo_4a8n8.html
FM&P: Intro to Derivatives: Exotic options (FRM Topic 3)
czcams.com/play/PLCBifSfCnx3sfoUGYayuqJRhHA5jCFkGr.html
Valuation and RIsk Models (FRM Topic 4)
czcams.com/play/PLCBifSfCnx3sqbQnW4HkZ3HoScTG0Lluz.html
Coming Soon ....
Market Risk (FRM Topic 5)
Credit Risk (FRM Topic 6)
Operational Risk (FRM Topic 7)
Investment Risk (FRM Topic 8)
Current Issues (FRM Topic 9)
For videos in our Chartered Financial Analyst (CFA) series, visit these playlists:
Chartered Financial Analyst (CFA) Level 1 Volume 1
czcams.com/play/PLCBifSfCnx3uvB-bf5flMe0gRt0fGyvuz.html
[Delete all except one set/line of hashtags]
#bionicturtle #risk #financialriskmanager #FRM #finance #expertfinance
#bionicturtle #finance #charteredfinancialanalyst #CFA #finance #expertfinance
#rstats #rprogramming #statistics
Our videos carefully comply with U.S. copyright law which we take seriously. Any third-party images used in this video honor their specific license agreements. We occasionally purchase images with our account under a royalty-free licence at 123rf.com (see www.123rf.com/license.php); and we also use free and purchased images from our account at canva.com (see about.canva.com/license-agreements/). In particular, the new thumbnails are generated in canva.com. Please contact support@bionicturtle.com or davidh@bionicturtle.com if you have any questions, issues or concerns.
This mathematically explains why my favorite summary distinction of the difference between the CML and SML is this: the CML plots only (the most) efficient portfolios, but the SML plots all portfolios (including inefficient portfolios). I hope that's interesting!
Subscribe here czcams.com/users/bionicturtle?sub-confirmation=1
to be notified of future tutorials on expert finance and data science, including the Financial Risk Manager (FRM), the Chartered Financial Analyst (CFA), and R Programming!
If you have questions or want to discuss this video further, please visit our support forum (which has over 50,000 members) located at bionicturtle.com/forum
You can also register as a member of our site (for free!) at www.bionicturtle.com/register/
Our email contact is support@bionicturtle.com (I can also be personally reached at davidh@bionicturtle.com)
For other videos in our Financial Risk Manager (FRM) series, visit these playlists:
Texas Instruments BA II+ Calculator
czcams.com/play/PLCBifSfCnx3sjobyTnEyv2N4baxF8-wiS.html
Risk Foundations (FRM Topic 1)
czcams.com/play/PLCBifSfCnx3sm2OmHA1BO41Zcc4ntUwMG.html
Quantitative Analysis (FRM Topic 2)
czcams.com/play/PLCBifSfCnx3sormazeHQr5G9etDITYStF.html
Financial Markets and Products: Intro to Derivatives (FRM Topic 3, Hull Ch 1-7)
czcams.com/play/PLCBifSfCnx3tQuvaS-lG-8ZqUh7NvxRDg.html
Financial Markets and Products: Option Trading Strategies (FRM Topic 3, Hull Ch 10-12)
czcams.com/play/PLCBifSfCnx3s7iycLx2eZQeIUPo_4a8n8.html
FM&P: Intro to Derivatives: Exotic options (FRM Topic 3)
czcams.com/play/PLCBifSfCnx3sfoUGYayuqJRhHA5jCFkGr.html
Valuation and RIsk Models (FRM Topic 4)
czcams.com/play/PLCBifSfCnx3sqbQnW4HkZ3HoScTG0Lluz.html
Coming Soon ....
Market Risk (FRM Topic 5)
Credit Risk (FRM Topic 6)
Operational Risk (FRM Topic 7)
Investment Risk (FRM Topic 8)
Current Issues (FRM Topic 9)
For videos in our Chartered Financial Analyst (CFA) series, visit these playlists:
Chartered Financial Analyst (CFA) Level 1 Volume 1
czcams.com/play/PLCBifSfCnx3uvB-bf5flMe0gRt0fGyvuz.html
[Delete all except one set/line of hashtags]
#bionicturtle #risk #financialriskmanager #FRM #finance #expertfinance
#bionicturtle #finance #charteredfinancialanalyst #CFA #finance #expertfinance
#rstats #rprogramming #statistics
Our videos carefully comply with U.S. copyright law which we take seriously. Any third-party images used in this video honor their specific license agreements. We occasionally purchase images with our account under a royalty-free licence at 123rf.com (see www.123rf.com/license.php); and we also use free and purchased images from our account at canva.com (see about.canva.com/license-agreements/). In particular, the new thumbnails are generated in canva.com. Please contact support@bionicturtle.com or davidh@bionicturtle.com if you have any questions, issues or concerns.
zhlédnutí: 5 751
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zhlédnutí 16KPřed 4 lety
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zhlédnutí 11KPřed 4 lety
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zhlédnutí 18KPřed 4 lety
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zhlédnutí 6KPřed 4 lety
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zhlédnutí 24KPřed 4 lety
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zhlédnutí 10KPřed 4 lety
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zhlédnutí 4,5KPřed 4 lety
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zhlédnutí 3,6KPřed 4 lety
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zhlédnutí 1,7KPřed 4 lety
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zhlédnutí 3,4KPřed 4 lety
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zhlédnutí 8KPřed 4 lety
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zhlédnutí 1,7KPřed 4 lety
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zhlédnutí 3,1KPřed 4 lety
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zhlédnutí 945Před 4 lety
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How does the number is discounted to 4.367? Whats the step of the calculation?
Thank You!!
In a chooser option, where T1 would be the buy CALL or buy PUT, does the final value of the option remain the same? $ 10.890?
Excellent video, thanks a lot.. I have one doubt.. Is it possible to neutralize Gamma of a portfolio, using only SPY? In other words, how to calculate total Gamma of a portfolio, like we do with Delta-Beta (weighted Delta or Delta Dollars). Or in case of Gamma is only possible to neutralize individualy per underline position? What about Vega?
What's a calculator? 😅
Wouldn’t it be better for the writer of the options to only start hedging IF the price of the stock bridges the strike price? Because (assuming European style options) as long as the options ends up OTM then the options will expire worthless and all that unnecessary hedging won’t eat away the premium.
why in H27 you didn't do, to actualize, 5.000/((1+libor)^0.5)?
Very Great video. Thanks!
Thank you sooooo much for your help and all the excellently well organized lectures. You’re literally my best F&O TEACHER on CZcams!!!!! Thank you 🙏
Thanks for the wonderful explanation. Could you please Re-share the Excel link as on Dropbox it's deleted.
one of the best explanations!! thank you so much !!!
Super useful before exam!! 🎉 🎉
Nice explanation, as always. How about duration?
save mt life turtle man <3
16 year old video has the most coherent explaination of basis. Thanks!
In what situation would one use a par rate vs spot rate in their analysis or valuation of bonds/fixed-income securities?
This model seems to have a problem with the yield curves of 2024. Interpolation visually seems to be linear. Totally missing the inversion between 20 year and 30 year, and all years between 11 and 20. Good in the early years though.
What's the difference btw the 2 super senior tranches?
Why dont use boostraping for calculating forward rates?
if I have a negative NPV is this better for my US currency or worse : because the only way to get a negative NPV would be if we are paying a higher amount and receiving a lower amount giving me a negative premium. However other sources state that a negative premium/NPV value is in fact better for us as this means your premium as a cost will decrease by that much and therefore save you money. All in all my question is what does a negative NPV value mean good or bad for the US ? thank you
Gr8 Summary .. difficult concept but now getting it
Which version of John Hull's book do you use for this example?
Are all the returns log returns?
thank you so much
IIMB!!!!
the excel u use are immaculate ong
Can I speak to anyone here about all of this like a group chat or discord where we can discuss all of this I really need help pleaze
I really don't get this guys, but I really want to change my families life through investment and trading is there anybody interested in talking to me and or act as a mentor please. I'm desperate, but I can't afford to pay anyone right now. I have learnt to day trade and I am profitable. I just want to continue to sharpen my knowledge and have an edge
what a shame, the excel spreadsheet no longer exists!
Question : what is the diffrence between RIB RW function and the calculation of the Economic capital ? and btw thank you for your amazing videos, you make complex concepts look very easy to understand.
where did you get 250 from?
Too much words. As for me.
Thanks
hi David, is it possible for you to re-upload the excel file? I think it has been deleted from Dropbox since. I would love to know, how you created the portfolio possibilities curve. Thank you!
can someone give me Bionic Turtle's xls file, i click the link but its has been delete
brother looks like 2010 christian horner
u saved my life
Hello: Interesting analysis of the BSM. But you don't mention the details of your Excel sheet. Do you make it available on your website? Without viewing the details of your derivations, as would be available or shown in scientific papers, then it is difficult to see the nature of your analysis. It's perfectly acceptable to have this sheet as an additional paid service, but without seeing it, a trader analyst cannot determine the quality of the analysis.
If I pay the TAXES of the selling price OUT OF POCKET, do I still have to calculate the TAX on the lease payment toward the end of this video ?
🎉DETAILED + CLEARLY EXPLAINED ... THIS IS GOLD !!!! THANK YOU SO MUCH
Thank you so much! I've watched a few of your videos and they've truly helped clarify a few things in my finance class!
For those who concerned about Positive Theta, Deep In-the-money options nowadays suffer from severe IV smile effects (e.g. IV = 50% for At-the-money, IV = 120% for Deep In-the-money) and thus Theta will never be Positive.
Go check Theta formula, the second term +rKeN(-d2) is not capable to compensate the first term if IV increased dramatically for Deep In-the-money options.
When you have a negative Ebit and negative Equity the result is strange how ti correct that?
Shouldn't we also subtract the cost of economic capital from the numerator?
thanks very much helpful 11 years on
Hi - I really liked this video and would like to learn more about greek neutral strategies. I assume that given neutral the profits are made with a positive theta portfolio. I was wondering how I made obtain the spreadsheet you have? I noticed it taken down. Thanks!
Hi I’m final year student in Varsity and completing financial Management. I was hoping know to where can I get these spreadsheets or excels sheets for practical practice
Thank you Sir!
How is the discount curve different from the spot rate curve?
is tht 1184 a random value which we estimated it will be at that point?