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Let me explain
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Добавлен 6 июл 2022
Hi, welcome to the 'Let me explain' RUclips channel. My name is Wojciech Lyjak and I am a CFA charterholder, a chartered accountant and financial tutor with over 15 years of full-time teaching experience.
'Let me explain' brings you regular explainer videos covering the CFA Curriculum. The CFA Level 1 2024 playlists are updated weekly with the aim of covering the entire syllabus in the time until the November 2024 sitting. Please note that a large portion of the content is available to channel Members only.
Please visit: www.letmeexplain.eu/
for a detailed schedule of upcoming video uploads as well as a listing of existing videos and topic area coverage.
'Let me explain' brings you regular explainer videos covering the CFA Curriculum. The CFA Level 1 2024 playlists are updated weekly with the aim of covering the entire syllabus in the time until the November 2024 sitting. Please note that a large portion of the content is available to channel Members only.
Please visit: www.letmeexplain.eu/
for a detailed schedule of upcoming video uploads as well as a listing of existing videos and topic area coverage.
Estimating the parameters of the simple linear regression - SLR (for the CFA Level 1 exam)
Estimating the parameters of the simple linear regression - SLR (for the CFA Level 1 exam) provides a qlakthrough example of computing the regression intercept and slope coefficients on the Texas Instruments BA II Plus calculator as well as on paper. We also discuss the intercept properties and differences between cross-sectional and time-series regression.
This video explores topics covered in Lesson 2, Learning Module 10 of the Quantitative Methods section of the 2024 CFA Level 1 Curriculum.
This video explores topics covered in Lesson 2, Learning Module 10 of the Quantitative Methods section of the 2024 CFA Level 1 Curriculum.
Просмотров: 296
Видео
Tests of a single variance (for the CFA Level 1 exam)
Просмотров 32521 час назад
Tests of a single variance (for the CFA Level 1 exam) provides a walkthrough example of the chi-squared distribution being applied in hypothesis testing. This video explores topics covered in Lesson 3, Learning Module 8 of the Quantitative Methods section of the 2024 CFA Level 1 Curriculum.
Hypothesis testing overview (for the CFA Level 1 exam)
Просмотров 700День назад
Hypothesis testing overview (for the CFA Level 1 exam) discusses: - the steps involved in performing a hypothesis test, - the properties of the Student's t-distribution, as well as - Type I and Type II errors This video explores topics covered in Lesson 2, Learning Module 8 of the Quantitative Methods section of the 2024 CFA Level 1 Curriculum.
RMBS (for the CFA Level 1 exam)
Просмотров 554День назад
RMBS (for the CFA Level 1 exam) discusses the logic and mechanics of Residential Mortgage-Backed Securities with particular focus on: - mortgage pass-through securities, and - CMO (Collateralised Morthage Obligations). We discuss several CMO variants, including: - sequential-pay CMO, - Z-tranches (accural tranches) - PO (Principal-Only) and IO (Interest-Only) tranches, - floating-rate tranches,...
Financial ratios in corporate credit analysis (for the CFA Level 1 exam)
Просмотров 703День назад
Financial ratios in corporate credit analysis (for the CFA Level 1 exam) examines the three most common groups of financial ratios used in corporate credit analysis: - profitability ratios, - coverage ratios, and - leverage ratios. This video explores topics covered in Lesson 3, Learning Module 16 of the Fixed Income section of the 2024 CFA Level 1 Curriculum.
Investment horizon and interest rate risk (for the CFA Level 1 exam)
Просмотров 51314 дней назад
Investment horizon and interest rate risk (for the CFA Level 1 exam) analyses the implications for reinvestment and price risk of holding a bond for an investment horizon equal to its Macualay duration. We also discuss what happens when the investment horizon is shorter or longer. This video explores topics covered in Lesson 3, Learning Module 10 of the Fixed Income section of the 2024 CFA Leve...
Periodicity and annualised yields (for the CFA Level 1 exam)
Просмотров 49214 дней назад
Periodicity and annualised yields (for the CFA Level 1 exam) discusses: - the significance of the periodicity assumtion for computing the annual Yield to Maturity, - the computation of the YTM for zero coupon and strip bonds, - the conversion between annual yields calculated under different periodicity assumptions. This video explores topics covered in Lesson 2, Learning Module 7 of the Fixed I...
Credit rating agencies and credit ratings (for the CFA Level 1 exam)
Просмотров 48521 день назад
Credit rating agencies and credit ratings (for the CFA Level 1 exam) discusses: - the role of credit rating agencies and the analytical process which they apply, - the issues present in credit ratings. This video explores topics covered in Lesson 3, Learning Module 14 of the Fixed Income section of the 2024 CFA Level 1 Curriculum.
ABS structures to address credit risk (for the CFA Level 1 exam)
Просмотров 462Месяц назад
ABS structures to address credit risk (for the CFA Level 1 exam) discusses internal and external credit enhancements, including overcollateralization, excess spread and credit tranching (subordination). This video explores topics covered in Lesson 3, Learning Module 18 of the Fixed Income section of the 2024 CFA Level 1 Curriculum.
Sovereign debt issuance and trading (for the CFA Level 1 exam)
Просмотров 697Месяц назад
Sovereign debt issuance and trading (for the CFA Level 1 exam) discusses: - the placing of competitive and non-competitive bids at public auctions for sovereign debt, - single- and multiple-price auction formats, - the role of primary dealers, as well as - secondary markte trading in government debt securities. This video explores topics covered in Lesson 3, Learning Module 5 of the Fixed Incom...
Repurchase agreements (repo) basics (for the CFA Level 1 exam)
Просмотров 1,2 тыс.Месяц назад
Repurchase agreements (repo) basics (for the CFA Level 1 exam) explores the mechanics of repo transations, including: - the actions of the cash borrower and cash lender, - the use of collateral, - the computation of repurchase price, - the significance of initial margin and haircuts, - the computation of variation margin. This video explores topics covered in Lesson 3, Learning Module 4 of the ...
Primary and secondary fixed income markets (for the CFA Level 1 exam)
Просмотров 1,1 тыс.Месяц назад
Primary and secondary fixed income markets (for the CFA Level 1 exam) explores: - the rationale for debut issuers, - repeat issuers, - the role of underwriters, - the factors affecting liquidity in secondary bond markets, and - trading in distressed debt. This video explores topics covered in Lesson 4, Learning Module 3 of the Fixed Income section of the 2024 CFA Level 1 Curriculum.
Sampling methods (for the CFA Level 1 exam)
Просмотров 1,3 тыс.2 месяца назад
Sampling methods (for the CFA Level 1 exam) explores the concepts behind probability and non-probability sampling, most notably: - stratified random sampling, - cluster sampling, and - non-probability sampling. This video explores topics covered in Lesson 2, Learning Module 7 of the Quantitative Methods section of the 2024 CFA Level 1 Curriculum.
Factors affecting option value (for the CFA Level 1 exam)
Просмотров 6512 месяца назад
Factors affecting option value (for the CFA Level 1 exam) discusses the impact of the following factors on the value of call and put options: - value of the underlying, - exercise price, - time to expiration, - the level of interest rates, - underlying volatility, - income and costs related to owning the underlying. This video explores topics covered in Lesson 8, Learning Module 8 of the Deriva...
Nash equilibrium and collusion (for the CFA Level 1 exam)
Просмотров 6262 месяца назад
Nash equilibrium and collusion (for the CFA Level 1 exam) explores: - how to find the Nash equilibrium in an exam-style question, - the conditions which favour producer/supplier collusion, - the Stackelberg model, - long-term output and price in oligopoly markts. This video explores topics covered in Lesson 5, Learning Module 1 of the Economics section of the 2024 CFA Level 1 Curriculum.
Profit maximization (for the CFA Level 1 exam)
Просмотров 3,6 тыс.4 месяца назад
Profit maximization (for the CFA Level 1 exam)
Cognitive errors - belief perseverence biases (for the CFA Level 1 exam)
Просмотров 1,7 тыс.4 месяца назад
Cognitive errors - belief perseverence biases (for the CFA Level 1 exam)
Alternative investments features and methods (for the CFA Level 1 exam)
Просмотров 2,4 тыс.4 месяца назад
Alternative investments features and methods (for the CFA Level 1 exam)
Derivative features (for the CFA Level 1 exam)
Просмотров 4,2 тыс.5 месяцев назад
Derivative features (for the CFA Level 1 exam)
Ordinary and preferred shares (for the CFA Level 1 exam)
Просмотров 1,2 тыс.5 месяцев назад
Ordinary and preferred shares (for the CFA Level 1 exam)
Basic EPS (for the CFA Level 1 exam)
Просмотров 2,8 тыс.5 месяцев назад
Basic EPS (for the CFA Level 1 exam)
Rates of return - holding period return, arithmetic and geometric mean (for the CFA Level 1 exam)
Просмотров 5 тыс.5 месяцев назад
Rates of return - holding period return, arithmetic and geometric mean (for the CFA Level 1 exam)
Determinants of interest rates (for the CFA Level 1 exam)
Просмотров 10 тыс.5 месяцев назад
Determinants of interest rates (for the CFA Level 1 exam)
Organizational forms and corporate issuer features (for the CFA Level 1 exam)
Просмотров 1,8 тыс.5 месяцев назад
Organizational forms and corporate issuer features (for the CFA Level 1 exam)
Coupon rate, payment frequency and yield measures (for the @CFA Level 1 exam)
Просмотров 2,9 тыс.5 месяцев назад
Coupon rate, payment frequency and yield measures (for the @CFA Level 1 exam)
Fixed income instrument features (for the CFA Level 1 exam)
Просмотров 8 тыс.6 месяцев назад
Fixed income instrument features (for the CFA Level 1 exam)
Portfolio variance for a two-asset portfolio (for the @CFA Level 1 exam)
Просмотров 5 тыс.Год назад
Portfolio variance for a two-asset portfolio (for the @CFA Level 1 exam)
Welcome to the ‘Let me explain' Youtube channel
Просмотров 3,9 тыс.Год назад
Welcome to the ‘Let me explain' RUclips channel
Covariance and correlation from a joint probability function (for the @CFA Level 1 returns)
Просмотров 4,3 тыс.Год назад
Covariance and correlation from a joint probability function (for the @CFA Level 1 returns)
If we put them all together, what is the difference between stated rate, effective rate, required rate of return, discount rate, WACC (cost% capital) Which terms can be used interchangeably? And which topics will it touch on for us to keep in mind
Hi, they can all appear interchangeably to be honest. The name typically depends on topic area. These terms appear in quantitative methods, fixed income, equity investments, portfolio mgmt and corporate issuers.
How do I become a member.
Please look for the Join button when viewing on a computer
Do i have to format the calculater whenever i turn it on?
No
Thank u Sir ❤
Hey How do I become a member of the channel? Couldn’t find any details on the community page
Look for the Join button when viewing in a computer
Thanks for the great videos, is this something we have to know called gordon model ? Assuming a constant rate of growth in dividends, we can estimate an equity share's: A) dividend yield as the sum of its required rate of return and its growth rate. B) growth rate as the sum of its dividend yield and its required rate of return. C) required rate of return as the sum of its dividend yield and growth rate.
also something called : implied forward rates
You are welcome :) Yes, the Gordon Model is tackled in the initial videos in this playlist: ruclips.net/p/PLzsMtRJ44d8yg5Om7mb1CRXqr0xJEW8Uh
Yes, this is covered here: ruclips.net/video/lJu86I7jdS4/видео.html
Hi, How do I find the rest of the Time value of Money videos as structured by the CFA? It includes "TVM in fixed income and equity", "Implied Return and Growth," and "Cash flow additivity." Your website said this TVM topic is found in other topic area. Could you list out specifically where I can find them? thank you and your channel has helped me alot.
Hi, there are no specific videos as such to cover these topics. My point is, that if you watch the Fixed Income plalist which includes bond valuation concepts or the Equity videos on the Gordon growth model, like this one: ruclips.net/video/A-CMXZuwYAc/видео.html, you will understand these concepts.
I search for your channel on chrome using my laptop but it doesn’t show join button .. how to join for members only video?
Please check if your country is on this list: support.google.com/youtube/answer/6307365?hl=en Unfortunately, channel memberships are not available in all countries (RUclips policy)😔
Sir, In single price bid uncompetitive gets the bond based on one price determined by competitive bidders. But in multiple price bid everyone pays for the price quoted by them in that case uncompetitive bidders get bond at what price? Please tell the number from the example used it would be easy to understand.
In a multiple price auction, I cannot say what the price is for the uncompetitive bidders. It will probably depend on the specific rules set by the individual government. I don’t know what that price was in this example😔
No worries sir got it!
I think you are going through same the videos as I am working through the material haha!
How come your content isn't more famous and doesn't have more views? Thank you for this brilliant and professional content.
Thanks, please help spread the word😉
What would be the conclusion to make (based on this specific question) on the performance of the 3 portfolios since based on Jensen's alpha, Portfolio Z yields the highest return but based on M^2 and Treynor Ratio, Portfolio Y yields the highest return. Which one, Y or Z would yield the higher return? Appreciate your thoughts on this!
The portfolio returns are a given. What Jensen's alpha is showing you is how much extra return you get from a portfolio in excess of what it should generate under the CAPM model, i.e. by how much the portfolio overperforms for its level of systematic risk.
Great video as usual!
how to join membership pls?
Please look for the Join button when viewing from a computer
thanks so much. I like your content better than Mark Meldrums.
Thanks 🙏
Agree!
Thanks for this video! Still find it hard to wrap my head around the whole Hypothesis Testing but definitely helpful. If you don't mind, can you please share the file you've worked on? Thanks!
Thanks, unfortunately I do not save the note which I write during the video
Is there a way to solve this faster on the calculator using the data function
yes, but you would need to enter the X and Y data a certain number of times. For example: the first set of data - 3 time, the second set of data - 5 times, the third set of data - 2 times.
Small doubt: We have to sell 20 units on 4th December so only 50 units that are purchased on 1st December remain so how have you assigned a cost of $53 to all units of ending inventory? Shouldn't it be 50 units of the 1st December purchase and 10 units from the 13th December purchase? That way none of the answers are matching though!
I know, and this is something I say in the video - LIFO is not supposed to be realistic. It's just a simplicfication and you have to adopt the approach presented irrespective of whether it was physically possible or not ;)
i find it hard to be understood :(
this is a very challenging topic. Fortunately, you are only expected to have an appreciation of what is going on rather than conducting the full test from start to finish.
Thank you very very much 😀🥰. I highly - strictly recommend this channel.
Thank you!
How to get membership?
Please look for the Join button on a computer (it typically does not show on a phone).