Brain%20Teasers

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Brain Teasers

• Youve got a 10 x 10 x 10 cube made up of 1 x 1 x
  1 smaller cubes. The outside of the larger cube
  is completely painted red. On how many of the
  smaller cubes is there any red paint?

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Answer

• Larger cube is made up of 1000 smaller cubes.
  The easiest way to think about this is how many
  cubes are NOT painted? 8 x 8 x 8 inner cubes are
  not painted which equals 512 cubes. Therefore,
  1000 512 488 cubes that have some paint.

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Quantitative Finance Society

• Asset Classes

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Announcements

• Upcoming Presentations
• Anatomy of a Trade
• Derivatives
• Portfolio Invites
• Successful candidates will be receiving an email
  today about our portfolio meeting tomorrow

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Market Update The Macro View
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Asset Classes

• Equities
• Fixed Income
• Currencies
• Commodities
• Alternatives

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What determines the price of a security?

• Supply Demand

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Equities

• What determines the price of a stock?
• Everyday movements, news
• Volume
• Market Psychology
• Multiples (Comparables)
• Earnings, P/E
• EV/EBITDA
• ETFs
• www.trefis.com

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Equities

• Different sectors, different way to value
• Healthcare
• Tech
• Telecom
• Financials
• Consumer Discretionary
• Consumer Staples
• Utilities
• Industrials
• Energy
• Materials

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Fixed Income

• Governments
• Rates GDP, unemployment, inflation
• Corporates
• Credit Rates
• Mortgages
• Credit Rates
• Ratings
• Investment Grade, High Yield, Crossovers

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Currencies

• Directly related to rates
• Purchasing Power Parity (PPP)
• Balance of Payments
• Carry Trade, Interest rate differentials
• Country-specific trade characteristics
• USD, EUR, JPY, GBP, CHF
• CAD, AUD, NZD, SEK, NOK

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Commodities

• Gold Precious Metals
• Oil, Natural Gas, other Energy
• Agricultural

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Alternatives

• Private Equity
• Venture Capital
• Hedge Funds
• Real Estate
• Collectibles

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Questions?