{"product_id":"stock-market-math-9781501515811","title":"Stock Market Math","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eStock Market Math shows you how to calculate return, leverage, risk, fundamental and technical analysis problems, price, volume, momentum and moving averages, including over 125 formulas and Excel programs for each, enabling readers to simply plug formulas into a spread sheet.  This book is the definitive reference for all investors and traders. It introduces the many formulas and legends every investor needs, and explains their application through examples and narrative discussions providing the Excel spreadsheet programs for each. Readers can find instant answers to every calculation required to pick the best trades for your portfolio, quantify risk, evaluate leverage, and utilize the best technical indicators.  Michael C. Thomsett is a market expert, author, speaker and coach. His many books include Mathematics of Options, Real Estate Investor''s Pocket Calculator, and A Technical Approach to Trend Analysis. In Stock Market Math, the author advances the science of risk management an\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter 1: Rates of Return on Investment: What Goes In, What Comes Out  1     Judging the Outcome – What Did You Expect?  2     The Basic Equation: Return on Cash Invested  4     Calculating Option Trading Returns  10     Taxes and Investment Return  13     Conclusion  17     Chapter 2: Returns on Capital: Putting Cash to Work  19     Calculating Returns from the Corporate View  19     Calculating Average Net Worth  22     Net Worth Versus Total Capitalization  24     Preferred Stock as Hybrid Capitalization  27     The Importance of “Use of Capital”  31     Conclusion  33     Chapter 3: Leverage and Risk Analysis: Maximizing Other People’s Money  35     Calculating the Cost of Money  35     Annualized Return  38     Leverage-Based Risk—the P\/E Ratio as a Way to Quantify  40     Using Options as a Form of Leverage  44     Conclusion  48     Chapter 4: Long-Term Trends: Patience Rewarded  49     A Realistic View: Long-Term Returns and Annual Rates  50     Total Net Annualized Return  53     Carryover Losses and Net Return  56     Realistic Expectations: Inflation and Taxes  58     Compound Return Calculations  60     Other Cash Flow Trends  63     Return Formulas  65     Useful Return Shortcuts  70     Estimating the Value of Deposits over Time  72     Conclusion  76     Chapter 5: Core Earnings and Net Worth Adjustments: Making the Numbers     Real  77     The Problem with Today’s Accounting Rules  78     Flaws in the GAAP System – a Passive Approach to Reporting  80     Examples of Material Expenses  82         Balance Sheet Problems – Inaccurate Valuation  84     Recalculating the Key Ratios  85     Recalculating Net Worth  89     Finding Core Earnings – Comparative Analysis  92     Conclusion  93     Chapter 6: Fundamentals: Balance Sheet Tests You Need to Know  95     The Nature of Fundamental Analysis  96     Basics of the Balance Sheet  98     Working Capital Tests  101     Accounts Receivable Tests  105     Inventory Tests  108     Long-Term Asset Tests  110     Capitalization  112     Tangible and Total Book Value  116     Chapter 7: Fundamentals: Operating Statement Tests You Need to Know  121     The Basics of the Operating Statement  123     Revenue Trends  128     Earnings Trends  129     Revenue Compared to Direct Costs and Expenses  131     Conclusion  138     Chapter 8: Market Trend Calculations  139     Index Weighting  139     Breadth of the Market  143     Short Interest Ratio  146     New Highs and New Lows  148     Put\/Call Ratio  151     Mutual Fund Ratios  152     Chapter 9: Price Indicators  159     The Basics of Technical Analysis  159     The Random Walk Hypothesis and the Efficient Market Theory  162     Basic Price Calculations  165     Chart Patterns and Interpretations  167     Technical Tests of Market Sentiment  171     Breadth of Trading  171     Chapter 10: Volume Indicators  175     Change in Volume  176     On Balance Volume (OBV)  178          Accumulation\/Distribution (A\/D)  180     Money Flow Index (MFI)  183     Large Block Ratio  186     Conclusion  187     Chapter 11: Momentum Oscillators and Moving Averages  189     Overview, Momentum Oscillators  189     Relative Strength Index (RSI)  192     Moving Average Convergence Divergence (MACD)  195     Stochastic Oscillator  197     Moving Averages  199     Bollinger Bands (BB)  201     Conclusion  204     Chapter 12: Combined Testing: Merging Price and Financial Tests  205     Effective Use of Combined Analysis  206     Valid Versus Invalid Forms of Testing  208     Identifying Important Combined Tests  209     Additional Price-Based Combined Tests  211     The Oddities of Hybrid Analysis  215     Appendix A Stock Market Formulas: Summarizing the Essentials  219     Appendix B: Excel Program Entries: Automating the Formulas  247     Index  267","brand":"De Gruyter","offers":[{"title":"Default Title","offer_id":48885907915095,"sku":"9781501515811","price":28.98,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/bookcurl.com\/products\/stock-market-math-9781501515811","provider":"Book Curl","version":"1.0","type":"link"}