Over the course of the pandemic, many businesses have been either significantly set back or forced to close down. However, for Bernard Arnault, owner of Louis Vuitton, Fendi, Christian Dior, and Givenchy, it is a completely different story. Ever since the start of the pandemic, Arnault’s net worth has been in a steep upward trend. …
Bernard Arnault – Becoming the Richest During the Most Unlikely Time Read More »
Index funds are one of the most powerful stocks to buy. Contrast to average stocks which represent a single company and can be very volatile, index funds represent many groups of companies together and have generally smooth trends because of it. These smooth trends are due to the fact that even if one company within …
During the 21st century, a revolutionary new cryptocurrency was created – Bitcoin. Bitcoin is a digital currency created by Satoshi Nakamoto in 2009 with the intent of creating a payment method that did not have to rely on third party confirmation. In addition to this, Bitcoin was also a response to the Great Financial Crisis …
Backtesting is a powerful tool that can be used to help facilitate future decisions based off of past information. According to an article on Medium, “Backtesting is the process of applying a trading strategy, predictive model, or analytical model to historical data to evaluate its accuracy and performance.” Put simply, backtesting is an analyzation method …
Backtesting Paired with Machine Learning in Stocks Read More »
Recently, GameStop’s stocks increased by 800%, going from around $4 up to $350. This is because of many people from Reddit buying the stock at the same time, forcing the people at Wall Street who short sell stocks similarly to GameStop’s to have to buy many stocks to close out their position. This is known …
Stocks have been around for many years, and there are many useful methods people have used to make it easier to read and comprehend those graphs. One of these methods are to Japanese candlestick to measure whether the stocks will either rise or plummet, and many people use this popular method.Japanese candlesticks are a way …
Over the past few years, machine learning in finance has become more prominent because of recent advances in available computing power. Because of this, leading banks and financial services are starting to develop AI technology in order to give them an edge in competition. The AI will streamline their processes by doing things such as …
The definition of financial engineering is the “use of mathematical techniques to solve financial problems.” Financial engineering draws on the skills from fields of computer science, statistics, economics, and applied mathematics in order to solve financial problems and to create new financial products. Financial engineering is being used to create new investment tools and products …