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33 Cards in this Set
- Front
- Back
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effective annual rate |
(1 + i/m)^m - 1 |
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future value |
PV * (1+r)^n |
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PV |
FV / (1+r)^n |
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PV annuity due |
PV ordinary * (1+r) |
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FV annuity due |
FV ordinary * (1+r) |
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PV perpetuity |
periodic payment / periodic interest rate |
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NPV |
CF1/(1+r) + ... CFN/(1+r)^n - initial investment |
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bond equivalent yield |
2*semiannual yield |
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bank discount yield |
% discount face * 360/days |
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HPY |
(P1+D1) / P0 - 1 |
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EAY |
(1+HPY)^360/t - 1 |
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EAR |
(1+r)^n - 1 |
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money market yield |
HPY * 360/t |
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geometric mean return |
((1+R1)+...(1+Rn))^1/n - 1 |
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weighted mean |
sum of WiXi |
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CV |
st dev / mean |
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sharpe ratio |
(Rp - RFR) / stdev |
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correlation |
Cov/(stdev1*stdev2) |
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Variance of a two stock portfolio |
W1^2*stdev1^2 + W2^2*stdev2^2 - 2W1W2Cov |
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z score |
(observation - population mean) / stdev |
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confidence interval |
mean +/- z score * (stdev / n^1/2) |
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continuously compounded return |
ln (end/beginning) |
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holding period return |
end/beginning - 1 |
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holding period return from CCR |
e^CCR - 1 |
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sampling error of sample mean |
sample mean - portfolio mean |
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normal distribution with known variance and less than 30 observations |
z stat |
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normal distribution with known variance and more than 30 observations |
z stat |
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normal distribution with unknown variance and less than 30 observations |
t stat |
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normal distribution with unknown variance and more than 30 observations |
t stat |
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nonnormal distribution with known variance and less than 30 observations |
N/A |
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nonnormal distribution with known variance and more than 30 observations |
z stat |
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nonnormal distribution with unknown variance and less than 30 observations |
N/A |
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nonnormal distribution with unknown variance and more than 30 observations |
t stat |
