Markets, Trading and Technology

Registro delle lezioni

Anno accademico 2023/2024
Docente Stefano Marmi, Fabrizio Lillo

Lecture

  • 16 Apr 2024 (2h 00m)

    Stefano Marmi - Corso (attività didattica) - In presenza

    introduction. Financial markets. Stocks, bonds, bills, inflation. Historical returns. Volatility. Forwards and future contracts. Credit ratings. Yields and yield curve.

  • 18 Apr 2024 (2h 00m)

    Stefano Marmi - Corso (attività didattica) - In presenza

    lezione in presenza trasmessa su Teams. Principles of valuation. Balance sheets, statements of cash flows. Earnings. Accrual accounting. Discounted cash flow. Free cash flow. Multiples (liquidity, efficiency. profitability). Du Pont analysis.

  • 03 Maggio 2024 (2h 00m)

    Stefano Marmi - Corso (attività didattica) - In presenza

    Options and options trading: spreads, strangles, butterflies, strips, straps. Directional strategies. Vix futures. Contango and backwardation.

  • 09 Maggio 2024 (2h 00m)

    Stefano Marmi - Corso (attività didattica) - In presenza

    efficient market hypothesis: weak, semi-strong, strong. Active vs passive investing. Behavioral finance and investors' biases. Technical analysis. Trend following. Size and value effects.

  • 10 Maggio 2024 (2h 00m)

    Stefano Marmi - Corso (attività didattica) - In presenza

    Factor models, loadings. Smart beta. Fama French factor models: construction and properties. Hedge funds strategies