Financial Analysis, Modelling & Forecasting training course will focus on the financial analysis and modeling skills that the modern finance professionals need to manage the risks and uncertainties in today’s challenging world, providing high-quality business support to the organization’s key decision-makers.

This course is a complete introduction to practical quantitative risk management, with a focus on market risk.  Derived from years spent training practitioners in risk management techniques, it brings together the three key disciplines of finance, statistics, and modeling (programming), to provide a thorough grounding in risk management techniques.

It then goes on to present volatility forecasting with both univariate and multivariate methods, discussing the various techniques used by industry, with a particular focus on the GARCH family of models. The evaluation of the quality of forecasts is discussed in detail.

Next, the main concepts in risk and models to forecast risk are discussed, especially volatility, value-at-risk and expected shortfall. The focus is both on risk in primary assets such as stocks and foreign exchange, but also calculations of risk in bonds and options, with analytical methods such as delta-normal VaR and duration-normal VaR and Monte Carlo simulation.

Then we are move on to the evaluation of risk models with methods like backtesting, followed by a discussion on stress testing.

The course concludes by focussing on the forecasting of risk in huge and uncommon events with extreme value theory and considering the underlying assumptions behind almost every risk model in practical use – that risk is exogenous –   and what happens when those assumptions are violated.

You might be interested in other Financial Courses as a next step.