Python for Finance Cookbook

Over 80 powerful recipes for effective financial data analysis, 2nd Edition

Eryk Lewinson

• Publisher: Packt Publishing
• Year: 2022
• ISBN:
  9781803238838
• Edition: 2
• Topic: Computer Science
• Subtopic: Data Modelling & Design
• Index: Computer Science

Use modern Python libraries such as pandas, NumPy, and scikit-learn and popular machine learning and deep learning methods to solve financial modeling problemsPurchase of the print or Kindle book includes a free eBook in the PDF formatKey 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 strategiesBook DescriptionPython 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 NeuralProphetWho this book is forThis 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.