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Applied Finance in R

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Learn Path Description

Grow your financial skills in R and learn how to manipulate data and make better data-driven decisions. You’ll begin this track by learning how to evaluate portfolios and value stocks using present value approaches, free cash flow, and equity and dividend discount models. Next, you’ll explore life insurance products and learn the basics of financial trading. Through interactive coding exercises, you’ll use powerful libraries, including quantmod, QRM, xts, zoo, and quantstrat, to examine and manage credit risk. You’ll then apply what you’ve learned to answer questions commonly faced by financial firms, such as how to value a fixed interest rate bond and estimate a bond's yield. Along the way, you’ll also create GARCH models and get hands-on with real data from the US Treasury, daily Microsoft returns, and S&P 500 data. Start this track to advance your R financial skills.

Skills You Will Gain

Courses In This Learning Path

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Total Duration

5 hours

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Level

Intermediate

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Learn Type

Certifications

Quantitative Risk Management in R

Quantitative Risk Management (QRM), is the process of creating models to evaluate the risks associated financial portfolios. This is a critical task in the asset management and banking industries as well as the insurance industry. You must first gather information about the underlying risk factors that can impact portfolio value. Next, analyze their behavior. This course will show you how to use risk factor return sequences and analyze the empirical properties or "stylized fact" of these data. It will also teach you how calculate value-at-risk.

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Total Duration

4 hours

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Level

Intermediate

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Learn Type

Certifications

Equity Valuation in R

How do we determine if a stock's value is too high/low? It is important to know the stock's price and value. The price of the stock can be found by searching different public sources like Yahoo Finance or Google Finance. It is harder to determine the stock's value. Every investor must determine the stock's value. This course will help you understand how to value stocks using present value approaches like dividend discount and free cashflow models. You will also learn about valuation multiples. This course will allow you to create your own valuation models.

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Total Duration

4 hours

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Level

Intermediate

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Learn Type

Certifications

Life Insurance Products Valuation in R

To plan your financial future, it is essential to be familiar with the basics of life insurance products. This covers everything, from taking out a loan to design your retirement plan, to seeking financial protection in the event of your death. This course will help you understand the time value of money. This course will also teach you how to use human death data to calculate demographic markers such as life expectancy. By combining the basics of cash flow valuation with the calculation of survival and death probabilities in R, you will be able create life insurance products. These include life annuities which provide income upon survival as well as life insurance products that pay a benefit upon death.

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Total Duration

4 hours

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Level

Intermediate

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Learn Type

Certifications

Bond Valuation and Analysis in R

This course will show you how to use R in order to create a model that can be used to assess a fixed-interest bond and estimate its yield. This course will also teach you how to protect your bond portfolios from changes in interest rates.

Why value bonds Bonds are issued by corporations and governments and pay interest according to a schedule. They are the most widely used type of fixed-income securities. Unlike stocks, the US fixed income market has 1.5x more transactions than the US stock market. However, bonds and other fixed income instruments trade very little, which is why they are so popular. The price of a bond is not always a good indicator of its worth. When analysing and valuing bonds, analytical techniques are necessary.

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Total Duration

5 hours

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Level

Intermediate

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Learn Type

Certifications

Financial Trading in R

This course will cover the basics of financial trading. This course will teach you how to interpret your results both from a statistical and visual perspective.

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Total Duration

4 hours

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Level

Intermediate

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Learn Type

Certifications

Credit Risk Modeling in R

This course will teach you how to model credit risks using logistic regression and decision trees in R.

The role of banks is crucial in assessing credit risk for company and personal loans. The probability of a debtor defaulting is a key component in determining credit risk. Although you will learn many other models in this course, the only two that will be used for credit scoring are logistic regression and decision trees. These models will be discussed in the context of how banks evaluate them.

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Total Duration

4 hours

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Level

Intermediate

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Learn Type

Certifications

GARCH Models in R

Are you curious about the heartbeat of financial markets? Do you want to know when a market goes down? This course will help you balance risk and reward in financial decisions. The course gradually moves from the GARCH(1) standard model to more advanced volatility model that includes a leverage effect and GARCH in–mean specification. It also uses the skewed student t distribution for asset returns modeling. Portfolio optimization, rolling sampling evaluation, value-at-risk forecasting and study of dynamic covariances all have applications to stock and exchange rates return models.

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