Topic: Financial Mathematics

30e/360 Day Count Convention (Eurobond Basis)

30e/360 Day Count Convention (Eurobond Basis)

In different bond markets and instruments there are different day count conventions for calculating accrued interest. These day count conventions depend on the location, currency, market and type of instrument. A day count convention is a fraction with the numerator...

Role of a Quantitative Modeler

A quantitative modeler is someone who works in finance and uses numerical and quantitative techniques to build complex quantitative models. They are commonly known as quants or quantitative analysts. The typical industries that hire quantitative modelers include...

How to Use the Rule of 72 Formula

In finance, rule of 72 is an important approximation rule that is used to quickly estimate the number of years it will take for an investment double in value at a given interest rate. According to this rule, the interest rate multiplied by the number of years it will...

Correlation and Covariance

Both correlation and covariance are an indicator of the relationship between two variables. They indicate whether the variables are positively or negatively related. The correlation also indicates the degree to which the two variables are related. It’s a...

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