Python for Finance Cookbook: Over 80 powerful recipes for effective financial data analysis, 2nd Edition

Use modern Python libraries such as pandas, NumPy, and scikit-learn and popular machine learning and deep learning methods to solve financial modeling problems

Purchase of the print or Kindle book includes a free eBook in the PDF format

Key Features

Explore unique recipes for financial data processing and analysis with Python

Apply classical and machine learning approaches to financial time series analysis

Calculate various technical analysis indicators and backtest trading strategies

Book Description

Python is one of the most popular programming languages in the financial industry, with a huge collection of accompanying libraries. In this new edition of the Python for Finance Cookbook, you will explore classical quantitative finance approaches to data modeling, such as GARCH, CAPM, factor models, as well as modern machine learning and deep learning solutions.

You will use popular Python libraries that, in a few lines of code, provide the means to quickly process, analyze, and draw conclusions from financial data. In this new edition, more emphasis was put on exploratory data analysis to help you visualize and better understand financial data. While doing so, you will also learn how to use Streamlit to create elegant, interactive web applications to present the results of technical analyses.

Using the recipes in this book, you will become proficient in financial data analysis, be it for personal or professional projects. You will also understand which potential issues to expect with such analyses and, more importantly, how to overcome them.

What you will learn

Preprocess, analyze, and visualize financial data

Explore time series modeling with statistical (exponential smoothing, ARIMA) and machine learning models

Uncover advanced time series forecasting algorithms such as Meta's Prophet

Use Monte Carlo simulations for derivatives valuation and risk assessment

Explore volatility modeling using univariate and multivariate GARCH models

Investigate various approaches to asset allocation

Learn how to approach ML-projects using an example of default prediction

Explore modern deep learning models such as Google's TabNet, Amazon's DeepAR and NeuralProphet

Who this book is for

This book is intended for financial analysts, data analysts and scientists, and Python developers with a familiarity with financial concepts. You'll learn how to correctly use advanced approaches for analysis, avoid potential pitfalls and common mistakes, and reach correct conclusions for a broad range of finance problems.

Working knowledge of the Python programming language (particularly libraries such as pandas and NumPy) is necessary.

Table of Contents

Acquiring Financial Data

Data Preprocessing

Visualizing Financial Time Series

Exploring Financial Time Series Data

Technical Analysis and Building Interactive Dashboards

Time Series Analysis and Forecasting

Machine Learning-Based Approaches to Time Series Forecasting

Multi-Factor Models

Modelling Volatility with GARCH Class Models

Monte Carlo Simulations in Finance

Asset Allocation

Backtesting Trading Strategies

Applied Machine Learning: Identifying Credit Default

Advanced Concepts for Machine Learning Projects

Deep Learning in Finance 

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