Python for Finance
Python for Finance is the crossing point where programming in Python blends with financial theory. Together, they give you the know-how to apply that theory into practice and real-life scenarios. In a world where individuals and companies are aiming to become more and more autonomous, your ability to combine programming skills with financial data will allow you to create independent analyses. And that competency will give you an edge over your competitors or in your personal investments. To prepare you for these multi-faceted challenges, this course provides the relevant topics in financial theory and their hands-on application in Python.
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In this course, we assume that you have already gone through our Introduction to Python course. However, you can add more layers to what you have learnt there. In this section, we will add more Python programming skills to your arsenal, explaining OOP, importing modules, in particular - the pandas-datareader module, as it allows us to download financial data and more.
Calculating and Comparing Rates of Return in Python
As an investor, you would like to be able to compare the performance of the stocks in your portfolio. One of the most important measures that will allow you to do that is the rate of return of the stock. This section will explain the relevant theory in detail and will provide you with the tools to do that yourself using Python.
Measuring Investment Risk
Achieving a high rate of return of your stocks doesn’t come at no cost. Every investment is associated with a certain level of risk, and an investor must be well aware of it before putting their money in a certain basket. This section will teach you how to understand and measure such risk using Python.
Using Regressions for Financial Analysis
Understanding rates of return and risk is not all there is about finance. Working with regression analysis is a must, and you will see that Python only helps you to be quicker and more precise when doing such estimations.
Markowitz Portfolio Optimization
One of the main pillars of modern finance is the Markowitz Portfolio Theory. It relates to building a portfolio optimization model, which is quite a complex task mathematically. However, you can see once more how Python can make such a challenge manageable, so long as we stick to theory and are careful at each step while coding.
The Capital Asset Pricing Model
As good or bad your portfolio may be, it is not self-sufficient. It is always part of a bigger picture – the market. That’s why you’d always want to compare the performance of your portfolio to the market. The Capital Asset Pricing Model (CAPM), the Beta of a stock, the Sharpe ratio and other measures will come in handy… and will be applied to real data with Python!
Multivariate Regression Analysis
While in Section 4 we deal with simple regression analysis, here we will take this technique to the next level. As you can guess, multivariate regression analysis is more advanced, but is also more interesting, as it allows you to deal with more complex financial problems.
Monte Carlo Simulations as a Decision-Making Tool
You can’t consider yourself a full-fledged investor if you don’t know how to use Monte Carlo Simulations. All tools you’ve learnt so far in the course will be essential to your ability to embrace the advantages of this technique for visualizing the potential outcomes of financial operations and improving your estimation of the risk associated with them.
This course is part of Module 4 of the 365 Data Science Program. The complete training consists of four modules, each building upon your knowledge from the previous one. Module 4 is focused on developing a specialized, industry-relevant skill set, and students are encouraged to complete Modules 1, 2, and 3 before they start this part of the training. Here, you will learn how to perform Credit Risk Modeling for banks, Customer Analytics for retail or other commercial companies, and Time Series Analysis for finance and stock data.See All Modules
Why Choose the 365 Data Science Program?
Real-life project and data. Solve them on your own computer as you would in the office.
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The course is in-depth and is delivered at a steady pace with eye catching visuals. The instructors go through all the basics really well. They try not to over-simplify the material, you get a good sense аof how deep Data Science is in the course. Great job!!!
This course is amazing! After watching the video carefully and doing all the exercises, I am even capable of having discussions with Machine learning major Master’s students! High standard course with reasonable pricing.
Very clear and in-depth explanation of data science and how all the inter-related concepts apply in real life business environment. Absolutely great for beginners! Best data science course I have come across so far!
I would highly recommend the course to any beginner who wants to venture into the world of Data Science. The concepts are very well explained and there is an emphasis on practical application which really helps create a better understanding of the concepts.