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- 02/07/2024 - Understanding Sklar's Theorem in Layman’s Terms…
- 02/07/2024 - The Indicator Functions in Layman’s Terms…
- 02/07/2024 - The « Observer Effect » in Layman’s Terms…
- 02/07/2024 - The relationship between the relative frequency of defaults and correlation of CDO tranches in Layman’s terms..
- 02/07/2024 - The Difference between Heteroskedasticity and Autocorrelation in Layman’s Terms…
- 02/07/2024 - Deciphering the Hypercube Concept in Copula Functions in Layman’s Terms…
- 01/05/2024 - The Gumbel copula explained in Layman’s Terms
- 11/19/2023 - The Product of a Wiener Process and its Integral in Layman’s terms…
- 11/19/2023 - The Tower Property in Layman’s terms…
- 11/19/2023 - Understanding Conditional Expectations in Simple Terms
- 11/19/2023 - The Conditional Expectation in Layman’s terms…
- 11/14/2023 - Given the stock price process dS(t) = σ dW(t) with initial stock level S(0) and a barrier H such that H > S(0), what is the probability that the barrier is
- 11/14/2023 - Prove that Y(t) = W(t)^2 - t is a martingale using the Ito lemma
- 11/14/2023 - Prove that Y(t) = W(t)^2 - t is a martingale.
- 11/14/2023 - Constant vs Stochastic Volatility
- 11/14/2023 - If the spot rate for the first six months is 5% and for the entire year it’s 10%, what’s the rate from six months to one year?
- 11/14/2023 - The relationship between dt and dX^2 in a Wiener process
- 11/14/2023 - The Nuances of Volga
- 11/14/2023 - Choose the appropriate Compound Options
- 11/14/2023 - Testing your knowledge in stochastic calculus!
- 11/14/2023 - What is the stock price (S) after one time step?
- 11/14/2023 - A random walk under the risk-neutral measure
- 11/14/2023 - The Longstaff-Schwartz algorithm
- 11/14/2023 - Q3: Trading Strategy
- 11/14/2023 - Q2: Stochastic Calculus
- 11/14/2023 - The relationship derived from Ito's Lemma for a stock price following a geometric Brownian motion under risk-neutral measure.
- 11/14/2023 - Analyzing the equivalence between swaptions and swaps in Layman’s terms…
- 11/14/2023 - The caplet explained in Layman’s terms…
- 11/14/2023 - The Subadditivity Principle in Layman’s terms…
- 11/14/2023 - Why N(d2) is the probability that a call option finishes in the money in Layman’s terms…
- 11/13/2023 - Deriving Δ for a Non-Dividend-Paying European Call Option in Layman’s terms…
- 11/13/2023 - Give an estimate for an at-the-money call option on a stock without dividends, with low interest rates and near-term expiration.
- 11/13/2023 - The difference between the Probability Density Function (PDF) and the Cumulative Distribution Function (CDF) in Layman’s terms…
- 11/13/2023 - The d₁ term in Black and Scholes model explained in Layman’s terms…
- 11/13/2023 - Bond convexity in Layman’s terms…
- 11/13/2023 - The role of discretization in Layman’s terms…
- 11/12/2023 - The Hull-White model in Layman’s terms…
- 11/12/2023 - The Merton model in Layman’s terms…
- 11/11/2023 - The Chebyshev's inequality in Layman’s terms…
- 11/11/2023 - Understanding option valuation in high Credit Risk scenarios in Layman’s terms…
- 11/10/2023 - Pricing Convertible Bonds with a Jump-to-Default Model and Hazard Rate in Layman’s terms…
- 11/09/2023 - Semi-positive definite (SPD) matrices in Layman’s terms…
- 11/09/2023 - Connecting Girsanov's Theorem with Quantitative Finance Models HJM, CIR, and Hull-White in Layman’s terms…
- 11/09/2023 - The roles of Eigenvector and Eigenvalue in Layman’s terms…
- 11/09/2023 - Richardson extrapolation in Layman’s terms…
- 11/06/2023 - Chaos theory in Layman’s terms…
- 11/06/2023 - The Fractals applied to Quantitative Finance in Layman’s terms…
- 11/05/2023 - The Put-Call Symmetry (PCS) in Layman’s terms…
- 11/04/2023 - The mean square hedging process for an exotic option in Layman’s terms…
- 11/03/2023 - The difference between correlation and dependence structure in Layman’s terms…
- 11/03/2023 - The Cheyette model's in Layman’s terms…
- 11/01/2023 - The Crank-Nicolson Method in Layman’s terms…
- 11/01/2023 - The Jacobi method in Layman’s terms…
- 11/01/2023 - The Bjerksund-Stensland model in layman’s terms…
- 11/01/2023 - The Kalman Filter in Layman’s terms…
- 11/01/2023 - The Vasicek Model model in layman’s terms…
- 10/22/2023 - The Cox-Ingersoll-Ross (CIR) model in layman’s terms…
- 10/21/2023 - The SABR (Stochastic-Alpha-Beta-Rho) model in layman’s terms…
- 10/21/2023 - The Fractional Brownian motion (fBm) in layman’s terms…
- 10/21/2023 - The Probability Integral Transform (PIT) in Layman’s terms…
- 10/21/2023 - The paradox of Determinism and Randomness in layman’s terms…
- 10/12/2023 - The Poisson Process in layman’s terms…
- 10/10/2023 - The Fourier Transform in layman’s terms…
- 10/09/2023 - The Multiplication Rules in Stochastic Calculus in layman’s terms…
- 10/07/2023 - The term “almost surely” in stochastic calculus explained in layman’s terms…
- 10/06/2023 - The relation between Brownian Motion and Quadratic Variation in layman’s terms…
- 10/06/2023 - The volatility adjustment in Geometric Brownian Motion in layman’s terms…
- 10/05/2023 - The origin of martingale in layman’s terms…
- 10/04/2023 - Bridging Martingale, Markov, and Brownian Motion in layman’s terms…
- 10/03/2023 - The stopping time in layman’s terms…
- 10/03/2023 - The Ocone martingale in layman’s terms…
- 10/03/2023 - Log returns in layman’s terms…
- 10/02/2023 - The power of linear algebra in layman’s terms...
- 10/02/2023 - The Gaussian Process Regression in layman’s terms…
- 10/02/2023 - The difference between numerical and analytical methods in layman’s terms…
- 10/01/2023 - Cointegration in Layman’s Terms…
- 09/30/2023 - Copula for pair trading explained in layman’s terms…
- 09/24/2023 - Calculating portfolio risk using linear algebra in layman’s terms…
- 09/17/2023 - The p-value in layman’s term…
- 09/17/2023 - The reflection principle in layman’s terms…
- 09/16/2023 - Entropy in layman’s terms…
- 09/14/2023 - Why Cov(W_s, W_t) = min{s, t} makes sense in layman’s terms…
- 09/12/2023 - The difference between sigma algebra and a Borel measurable function in layman’s terms…
- 09/12/2023 - The difference between the Riemann and Lebesgue integrals in layman’s terms…
- 09/12/2023 - The sigma-algebra in layman’s terms…
- 09/11/2023 - Fractional Differentiation in Layman’s Terms:
- 09/09/2023 - Interpolations techniques in layman’s terms …
- 09/08/2023 - Why delta is not the probability of an option expiring in the money in layman’s terms…
- 09/08/2023 - The Taylor expansion in layman’s terms…
- 09/01/2023 - From Replicating Portfolios to Numeraires: Bridging Black-Scholes and Interest Rate Options in layman’s terms…
- 08/26/2023 - Numéraire and change of Numéraire in layman’s terms…
- 08/19/2023 - Gamma Neutrality in layman’s terms…
- 08/19/2023 - Greek alphabet
- 08/19/2023 - Price Action Trading: Intuition or Quantitative?
- 08/12/2023 - Pricing a vanilla swap received fixed/ pay floating in layman’s terms…
- 08/05/2023 - The difference between a martingale and a semi martingale in layman’s terms…
- 07/29/2023 - The quadratic variation in layman’s terms…
- 07/22/2023 - Using differentiation to determine future stock prices in layman’s terms….
- 07/15/2023 - Hedging a Down-and-Out European Call Option Using Put-Call Symmetry (PCS) in layman’s terms…
- 07/08/2023 - The Black-Scholes partial differential equation in layman’s terms…
- 07/01/2023 - The Moment Generating Function (MGF) in layman’s terms…
- 06/24/2023 - Integration applied to finance in layman’s terms…
- 06/17/2023 - The bridge between the heat equation and the pricing of exotic options in layman’s terms…
- 06/10/2023 - Why are risk reversal (RR) and butterfly (BF) volatilities used in foreign exchange (FX) markets In layman's terms…
- 06/03/2023 - The Jensen's inequality in layman’s terms…
- 05/27/2023 - Lévy Processes Explained in Layman’s Terms…
- 05/20/2023 - The roles of N(d1) and N(d2) in the Black-Scholes model in layman’s terms…
- 05/13/2023 - Nonlinear optimization applied in the realm of quantitative finance in layman’s terms…
- 05/06/2023 - The absorbing Markov chain, in layman's terms…
- 04/29/2023 - K-Means clustering in layman’s terms…
- 04/22/2023 - Explaining Supervised vs. Unsupervised Machine Learning in Finance in layman's terms...
- 04/15/2023 - The difference between Brownian motion and geometric Brownian motion…
- 04/08/2023 - How the stochastic differential equation explains the evolution of the stock price in layman’s terms…
- 04/01/2023 - Reverse convertibles in layman’s terms…
- 04/01/2023 - Hedging a sold Knock-Out (KO) option with a Risk Reversal (RR) in layman’s terms…
- 03/25/2023 - Understanding the determinant of a matrix in layman’s terms…
- 03/18/2023 - The Newton-Raphson method in layman terms…
- 03/18/2023 - The finite difference method in layman's terms…
- 03/11/2023 - Libor market model in layman’s terms…
- 03/04/2023 - Maths in Motion: The Quant's Guide to Finance…
- 02/25/2023 - Cholesky decomposition in layman’s terms …
- 02/25/2023 - A Holistic Approach to Mastering Quantitative Finance…
- 02/18/2023 - The d1 term in BS formula in layman’s terms…
- 02/11/2023 - How to derive the Black-Scholes PDE in layman’s terms…
- 02/04/2023 - The variance of Brownian motion in layman’s terms…
- 02/01/2023 - The Cubic Spline Interpolation in Layman’s Terms…
- 06/15/2022 - Le biais d’aversion au risque
- 05/20/2022 - C’est quoi l’EBE?
- 05/14/2022 - Quelle différence entre une option d’achat et une option de vente?
- 05/03/2022 - L’intérêt du covered call
- 03/15/2022 - Le VIX ou indice de la peur
- 05/14/2021 - En quoi la détention d'une obligation de société ressemble-t-elle à la vente d'une option de vente ?
- 01/31/2019 - Comprendre le bilan