Decoding Alpha: Where Data Science Meets Wall Street.
The risk-free rate is a foundational element of investing. It’s the theoretical rate of return you can get investing in something that is guaranteed and has no risk. It’s a reference point in investing as it makes sense to understand …
Let’s develop a simple trading strategy using two simple moving averages now that we’ve installed Zipline. This simple strategy is called a dual moving average strategy. The best way to explain dual moving average (DMA) strategy is with an example. …
Zipline is an algorithmic trading library built in Python. It was used in production by Quantopian which is a hosted platform for building and researching trading strategies. Zipline is an excellent system for trading system research and development. In this article, …
Now that we understand Python, NumPy, and Pandas, allowing us to arrange the rows and columns of our tables in just the right order, we need to make sense of the data. The best way to do this is through …
If you’re interested in finance and don’t mind programming, learning this trio will open you up to a whole new world, including but not limited to, automated trading, backtest analysis, factor investing, portfolio optimization, and more. I think of the …
The value of a business is equal to the amount of cash you can take out of it for the rest of its life, discounted to the present. Learning how to value a company is just like riding a bike. …
Before you can value a company, you have to understand the numbers. This guide is an attempt to be the resource I wish I had when first starting to read financial statements. This mini-course is not designed to be a …
There’s a lot that goes into valuing a company. I’ve valued fast-growing companies in my previous articles. Astute readers may have noticed I discounted the company’s cash flows, but I didn’t explain the method behind the madness. With Micron, I’m …
Founded in 2000, Floor & Decor Holdings is a high-growth, differentiated, multi-channel specialty retailer of hard surface flooring and related accessories. According to their website, they offer the industry’s broadest in-stock assortment of tile, wood, laminate, and natural stone flooring along with …
Zendesk is a fast-growing software-as-a-service (SaaS) business that has made a name for itself with small businesses looking for customer support software. I think the market has high hopes for Zendesk yet has still underestimated its “long-tail” potential. It follows …