Let’s say you have a client who wants to construct a stock portfolio, and she chose the following stocks: Apple (AAPL) Boeing Airlines (BA) Netflix (NFLX) Tesla (TSLA) Your client has stated that the objective of maximizing the Sharpe ratio of her portfolio. Her...
I was inspired to write this piece after teaching a reading in the CFA Level 3 syllabus for the June 2020 exam. In Reading 28 on Overview of Private Wealth Management, it touched on a term called “Capital Sufficiency Analysis” (or Capital Needs Analysis),...
Sometime back, my student asked me for help in building a calculator in Excel for pricing options using the Black-Scholes (or what they call as Black-Scholes-Merton) model. So, I thought of doing this tutorial to show how anyone with Excel can build their own BSM...
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