Tài liệu Financial Formula Sheet ppt

Financial Formula Sheet
1. Compounding and Discounting
A. Compounding factor (future value of an interest factor r% for
time t):

B. Discount factor (present value of an interest factor r% for
time t):

C. Future annuity factor (future value of an annuity factor for r%
for n periods):

D. Present value annuity factor (present value of an annuity
factor for r% for n periods):

E. Net Present Value (NPV) of a project:

F. Value of the firm:

G. Dividend discount model for the share price (S
0
):

H. Real interest rate:


I. Spot or zero-coupon rates (Z
i
) derived from the par yield
curve:

2. Expected Value

3. Capital Asset Pricing Model (CAPM) and Arbitrage Pricing
Theory (APT)
A. CAPM:

B. Capital structure effect on firm beta ( ):

C. APT:

4. Currency Relationships
A. Interest rate parity:


B. Purchasing power parity:

C. Expectations theory:

D. International Fisher effect:

5. Statistical Measures
A. Mean ( ):

B. Standard deviation ( ):

C. Kurtosis (K):

D. Skewness (S):

E. Covariance (
ab

):

F. Correlation coefficient (ρ
ab
):

6. Portfolio Model
A. Portfolio expected return ρ
p


B. Portfolio risk ρ
p
for 2-asset portfolio:

C. Portfolio risk ρ
p
for m-asset portfolio:

D. Minimum variance portfolio weights for 2-asset portfolio:

7. Credit Assessment Models
A. DuPont Model:

B. Altman's Z-score model (USA):

C. Taffler–Tisshaw's Z-score model (UK):