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Mastering Python for Finance

Mastering Python for Finance

By : James Ma Weiming
2.8 (9)
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Mastering Python for Finance

Mastering Python for Finance

2.8 (9)
By: James Ma Weiming

Overview of this book

The second edition of Mastering Python for Finance will guide you through carrying out complex financial calculations practiced in the industry of finance by using next-generation methodologies. You will master the Python ecosystem by leveraging publicly available tools to successfully perform research studies and modeling, and learn to manage risks with the help of advanced examples. You will start by setting up your Jupyter notebook to implement the tasks throughout the book. You will learn to make efficient and powerful data-driven financial decisions using popular libraries such as TensorFlow, Keras, Numpy, SciPy, and scikit-learn. You will also learn how to build financial applications by mastering concepts such as stocks, options, interest rates and their derivatives, and risk analytics using computational methods. With these foundations, you will learn to apply statistical analysis to time series data, and understand how time series data is useful for implementing an event-driven backtesting system and for working with high-frequency data in building an algorithmic trading platform. Finally, you will explore machine learning and deep learning techniques that are applied in finance. By the end of this book, you will be able to apply Python to different paradigms in the financial industry and perform efficient data analysis.
Table of Contents (16 chapters)
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1
Section 1: Getting Started with Python
3
Section 2: Financial Concepts
9
Section 3: A Hands-On Approach

Plotting a time series chart

A simple and effective technique for analyzing time series data is by visualizing it on a graph, from which we can infer certain assumptions. This section will guide you through the process of downloading a dataset of stock prices from Quandl and plotting it on a price and volume graph. We will also cover plotting candlestick charts, which will give us more information than line charts.

Retrieving datasets from Quandl

Fetching data from Quandl into Python is fairly straightforward. Suppose we are interested in ABN Amro Group from the Euronext Stock Exchange. The ticker symbol in Quandl is EURONEXT/ABN. In a Jupyter notebook cell, run the following command:

In [ ]:
import quandl

# Replace...

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