# Find Financial Fraud with Benford’s Law

Discover how a peculiar concept called Benford’s Law helps detect accounting and business fraud, and get an Excel spreadsheet to help with your financial sleuthing.

# Pick Winning Stocks with the Piotroski F-Score

Investing in the stock market is risky, but you can tilt the odds in your favour with a strategy based on the F-Score.

# The Omega Risk Measure

Traditional investment performance benchmarks quantify how much investors could potentially lose, given the variance (or downside-variance) of the portfolio. These include the Sharpe Ratio and the Sortino Ratio, which generally favor investments with a lower downside risk.

# The Complete Guide to Option Pricing Formulas

Espen Gaarder Haug is an option pricing god. He’s passionate about derivatives, and in this book he’s documented almost every single option developed in the last 30 years.

# Documentary: Impact of Black-Scholes Formula

A few months ago I wrote an article on the Black-Scholes formula and its effect on the direction of the financial markets over the last thirty years. I’ve just stumbled on an interesting documentary. It  explores the historical development of…

# Downside Deviation as a Risk Measure

This article provides an Excel spreadsheet to calculate downside deviation (including VBA and a matrix formula). It also discusses why downside deviation is a better risk measure than the standard deviation.

# Investment Peformance Benchmarks

Investors have a dazzling array of mutual funds to pick from.  How can investors decide which fund to invest in?

# Black-Scholes – a paper house

The 1987 stock market crash had its roots in the misplaced faith the finance industry had in the Black-Scholes framework for option pricing.

# Opening my first Canadian Bank Account

So I’m a recent immigrant in Canada, having landed here from the UK.  Specifically I moved to Waterloo, Ontario, to work for a software company that had offered me a job. On my first full day in Canada, I opened…

# Forex, Bollinger Bands, and Excel

If you’re a regular traveller, you’ll know that changing money from one currency to another can be a constantly changing battleground. Foreign exchange rates (or Forex), change all the time, and what can seem like a good rate can disappear…