Outline of finance
The following outline is provided as an overview of and topical guide to finance:
[]Finance - addresses the ways in which individuals and organizations raise and allocate monetary resources over time, taking into account the risks entailed in their projects.
Overview
The word finance may incorporate any of the following:- The study of money and other assets
- The management and control of those assets
- Profiling and managing project risks
Fundamental financial concepts
- Finance
- * Arbitrage
- * Capital
- * Capital asset pricing model
- * Cash flow
- * Cash flow matching
- * Debt
- ** Default
- ** Consumer debt
- ** Debt consolidation
- ** Debt settlement
- ** Credit counseling
- ** Bankruptcy
- ** Debt diet
- ** Debt-snowball method
- ** Debt of developing countries
- * Discounted cash flow
- * Financial capital
- ** Funding
- * Financial modeling
- * Entrepreneur
- ** Entrepreneurship
- * Fixed income analysis
- * Gap financing
- * Global financial system
- * Hedge
- ** Basis risk
- * Interest rate
- ** Risk-free interest rate
- ** Term structure of interest rates
- * Short rate model
- **Vasicek model
- **Cox–Ingersoll–Ross model
- **Hull–White model
- **Chen model
- **Black–Derman–Toy model
- * Interest
- ** Effective interest rate
- ** Nominal interest rate
- ** Interest rate basis
- ** Fisher equation
- ** Crowding out
- ** Annual percentage rate
- ** Interest coverage ratio
- * Investment
- ** Foreign direct investment
- ** Gold as an investment
- ** Over-investing
- * Leverage
- * Long
- * Liquidity
- * Margin
- * Mark to market
- * Market Impact
- * Medium of exchange
- * Microcredit
- * Money
- ** Money creation
- ** Currency
- ** Coin
- ** Banknote
- ** Counterfeit
- ** History of money
- ** Monetary reform
- * Portfolio
- **Modern portfolio theory
- **Mutual fund separation theorem
- **Post-modern portfolio theory
- * Reference rate
- ** Reset
- * Return
- ** Absolute return
- ** Investment performance
- ** Relative return
- * Risk
- ** Financial risk
- ** Risk management
- *** Financial risk management
- *** Uncompensated risk
- ** Risk measure
- *** Coherent risk measure
- *** Deviation risk measure
- *** Distortion risk measure
- *** Spectral risk measure
- *** Value at risk
- **** Expected shortfall
- **** Entropic value at risk
- * Scenario analysis
- * Short
- * Speculation
- ** Day trading
- * Position trader
- * Spread trade
- * Standard of deferred payment
- * Store of value
- * Time horizon
- * Time value of money
- ** Discounting
- ** Present value
- ** Future value
- ** Net present value
- ** Internal rate of return
- **Modified internal rate of return
- ** Annuity
- ** Perpetuity
- * Unit of account
- * Volatility
- * Yield
- * Yield curve
History
- History of banking
- History of insurance
- Tulip mania, 1620s/1630s
- South Sea Bubble & Mississippi Company, 1710s; see also Stock market bubble
- Vix pervenit 1745, on usury and other dishonest profit
- Panic of 1837
- Railway Mania, 1840s
- Erie War, 1860s
- Long Depression, 1873–1896
- Post-World War I hyperinflation; see Hyperinflation and Inflation in the Weimar Republic
- Wall Street Crash of 1929
- Great Depression 1930s
- Bretton Woods Accord 1944
- 1973 oil crisis
- 1979 energy crisis
- Savings and Loan Crisis 1980s
- Black Monday 1987
- Asian financial crisis 1990s
- Dot-com bubble 1995-2001
- Stock market downturn of 2002
- United States housing bubble
- Financial crisis of 2007–08, followed by the Great Recession
Finance terms by field
Accounting (financial record keeping)
- Auditing
- Accounting software
- Book keeping
- FASB
- Financial accountancy
- * Financial statements
- ** Balance sheet
- ** Cash flow statement
- ** Income statement
- Management accounting
- Philosophy of Accounting
- Working capital
Banking
- Anonymous banking
- Automatic teller machine
- Deposit
- Deposit creation multiplier
- Ethical banking
- International Bank Account Number
- Islamic banking
- Loan
- * Pre-qualification
- * Pre-approval
- * Subprime
- Withdrawal
Corporate finance
- Balance sheet analysis
- * Financial ratio
- Business plan
- Capital budgeting
- * Investment policy
- ** Business valuation
- ** Stock valuation
- ** Fundamental analysis
- ** Real options
- ** Valuation topics
- ** Fisher separation theorem
- * Sources of financing
- ** Capital structure
- ** Cost of capital
- ** Weighted average cost of capital
- ** Modigliani–Miller theorem
- ** Hamada's equation
- * Dividend policy
- **Dividend
- ** Dividend tax
- ** Dividend yield
- **Modigliani–Miller theorem
- Corporate action
- Financial management
- *Managerial finance
- *Management accounting
- Mergers and acquisitions
- * leveraged buyout
- * takeover
- * corporate raid
- * Contingent value rights
- Real options
- Working capital management
- *Working capital
- **Current assets
- **Current liabilities
- *Return on investment
- **Return on capital
- **Return on assets
- **Return on equity
- *loan covenant
- *cash conversion cycle
- *Cash management
- *Inventory optimization
- **Supply chain management
- **Just In Time
- **Economic order quantity
- **Economic production quantity
- *Credit
- *Credit scoring
- *Default risk
- *Discounts and allowances
- *Factoring
Investment management
- Active management
- Efficient market hypothesis
- Portfolio
- Modern portfolio theory
- * Capital asset pricing model
- Arbitrage pricing theory
- Passive management
- * Index fund
- Activist shareholder
- Mutual fund
- * Open-end fund
- * Closed-end fund
- * List of mutual-fund families
- Financial engineering
- * Long-Term Capital Management
- Hedge fund
- Hedge
Personal finance
- 529 plan
- ABLE account
- Asset allocation
- * Asset location
- Budget
- Coverdell Education Savings Account
- Credit and debt
- * Credit card
- * Debt consolidation
- * Mortgage loan
- ** Continuous-repayment mortgage
- Debit card
- Direct deposit
- Employment contract
- * Commission
- * Employee stock option
- * Employee or fringe benefit
- * Health insurance
- * Paycheck
- * Salary
- * Wage
- Financial literacy
- Insurance
- Predatory lending
- Retirement plan
- * Australia – Superannuation in Australia
- * Canada
- ** Registered retirement savings plan
- ** Tax-free savings account
- * Japan – Nippon individual savings account
- * New Zealand – KiwiSaver
- * United Kingdom
- ** Individual savings account
- ** Self-invested personal pension
- * United States
- ** 401
- ** 401
- ** 403
- ** 457 plan
- ** Keogh plan
- ** Individual retirement account
- *** Roth IRA
- *** Traditional IRA
- *** SEP IRA
- *** SIMPLE IRA
- * Pension
- Simple living
- Social security
- Tax advantage
- Wealth
- Comparison of accounting software
- Personal financial management
- Investment club
- Collective investment scheme
Public finance
- Central bank
- Federal Reserve
- Fractional-reserve banking
- * Deposit creation multiplier
- Tax
- * Capital gains tax
- * Estate tax
- * Gift tax
- * Income tax
- * Inheritance tax
- * Payroll tax
- * Property tax
- * Sales tax
- * Transfer tax
- * Tax advantage
- * Tax, tariff and trade
- * Tax amortization benefit
- Crowding out
- Industrial policy
- Agricultural policy
- Currency union
- Monetary reform
Insurance
- Actuarial science
- Annuities
- Catastrophe modeling
- Earthquake loss
- Extended coverage
- Insurable interest
- Insurable risk
- Insurance
- * Health insurance
- ** Disability insurance
- ** Injury cover
- ** Flexible spending account
- ** Health savings account
- ** Long term care insurance
- ** Medical savings account
- * Life insurance
- ** Life insurance tax shelter
- ** Permanent life insurance
- ** Term life insurance
- ** Universal life insurance
- ** Variable universal life insurance
- ** Whole life insurance
- * Property insurance
- ** Auto insurance
- ** Boiler insurance
- ** Business interruption insurance
- ** Condo insurance
- ** Earthquake insurance
- ** Home insurance
- ** Title insurance
- ** Pet insurance
- ** Renters' insurance
- * Casualty insurance
- ** Fidelity bond
- ** Liability insurance
- ** Political risk insurance
- ** Surety bond
- ** Terrorism insurance
- * Credit insurance
- ** Trade credit insurance
- ** Payment protection insurance
- ** Credit derivative
- * Mid-term adjustment
- * Reinsurance
- * Self insurance
- * Travel insurance
- * Niche insurance
- Insurance contract
- Loss payee clause
- Risk Retention Group
Economics and finance
- Economic growth
- Financial economics
- Mathematical economics
- Managerial economics
- Utility theory
Mathematics and finance
Time value of money
- Present value
- Future value
- Discounting
- Net present value
- Internal rate of return
- Annuity
- Perpetuity
Financial mathematics
Mathematical tools
- Probability
- *Probability distribution
- **Binomial distribution
- **Log-normal distribution
- **Poisson distribution
- Stochastic calculus
- *Brownian motion
- **Geometric Brownian motion
- *Cameron–Martin theorem
- *Feynman-Kac formula
- *Girsanov's theorem
- *Itô's lemma
- *Martingale representation theorem
- *Radon–Nikodym derivative
- *Stochastic differential equations
- *Stochastic process
- **Jump process
- **Lévy process
- **Markov process
- **Ornstein–Uhlenbeck process
- **Wiener process
- Monte Carlo methods
- *Low-discrepancy sequence
- *Monte Carlo integration
- *Quasi-Monte Carlo method
- *Random number generation
- Partial differential equations
- *Finite difference method
- *Heat equation
- *Numerical partial differential equations
- **Crank–Nicolson method
- **Finite difference method: Numerical analysis
- Volatility
- *ARCH model
- *GARCH model
- *Stochastic volatility
- *Stochastic volatility jump
Derivatives pricing
- Brownian model of financial markets
- Martingale pricing
- Rational pricing assumptions
- *Risk-neutral measure
- *Arbitrage-free pricing
- Forward contract
- *Forward contract pricing
- Futures
- *Futures contract pricing
- Options
- * Black–Scholes formula
- ** Approximations for American options
- ***Barone-Adesi and Whaley
- ***Bjerksund and Stensland
- ***Black's approximation
- ***Optimal stopping
- ***Roll–Geske–Whaley
- * Black model
- * Binomial options model
- * Finite difference methods for option pricing
- *
- * The Greeks
- * Lattice model
- * Margrabe's formula
- * Monte Carlo methods for option pricing
- **Monte Carlo methods in finance
- **Quasi-Monte Carlo methods in finance
- **Least Square Monte Carlo for American options
- * Trinomial tree
- * Volatility
- ** Implied volatility
- ** Historical volatility
- ** Volatility smile
- ** Stochastic volatility
- *** Constant elasticity of variance model
- *** Heston model
- *** SABR volatility model
- ** Local volatility
- ***Implied binomial tree
- ***Implied trinomial tree
- ***Edgeworth binomial tree
- Swaps
- *Swap valuation
- **
- **
- **
- **
- ***Multi-curve framework
- **
- Interest rate derivatives
- *Black model
- **caps and floors
- **swaptions
- **Bond options
- *Short-rate models
- **Rendleman–Bartter model
- **Vasicek model
- **Ho–Lee model
- **Hull–White model
- **Cox–Ingersoll–Ross model
- **Black–Karasinski model
- **Black–Derman–Toy model
- **Kalotay–Williams–Fabozzi model
- **Longstaff–Schwartz model
- **Chen model
- *Forward rate-based models
- **LIBOR market model
- **Heath–Jarrow–Morton Model
- Valuation adjustments
- *Credit valuation adjustment
- *XVA
Constraint finance
- Environmental finance
- Feminist economics
- Green economics
- Islamic economics
- Uneconomic growth
- Value of Earth
- Value of life
Financial markets
Market and instruments
- Capital markets
- Securities
- Financial markets
- Primary market
- Initial public offering
- Aftermarket
- Free market
- Bull market
- Bear market
- Bear market rally
- Market maker
- Dow Jones Industrial Average
- Nasdaq
- List of stock exchanges
- List of stock market indices
- List of corporations by market capitalization
- Value Line Composite Index
Equity market
- Stock market
- Stock
- Common stock
- Preferred stock
- Treasury stock
- Equity investment
- Index investing
- Private Equity
- Financial reports and statements
- Fundamental analysis
- Dividend
- Dividend yield
- Stock split
Equity valuation
- Dow theory
- Elliott wave principle
- Economic value added
- Fibonacci retracement
- Gordon model
- Growth stock
- Mergers and acquisitions
- Leveraged buyout
- Takeover
- Corporate raid
- PE ratio
- Market capitalization
- Income per share
- Stock valuation
- Technical analysis
- Chart patterns
- V-trend
- Paper valuation
Investment theory
- Behavioral finance
- Dead cat bounce
- Efficient market hypothesis
- Market microstructure
- Stock market crash
- Stock market bubble
- January effect
- Mark Twain effect
- Quantitative behavioral finance
- Quantitative analysis
- Statistical arbitrage
Bond market
- Bond
- Zero-coupon bond
- Junk bonds
- Convertible bond
- Accrual bond
- Municipal bond
- Sovereign bond
- Bond valuation
- * Yield to maturity
- * Bond duration
- * Bond convexity
- Fixed income
Money market
- Repurchase agreement
- International Money Market
- Currency
- Exchange rate
- International currency codes
- Table of historical exchange rates
Commodity market
- Commodity
- * Asset
- * Commodity Futures Trading Commission
- * Day trading
- * Drawdowns
- * Forfaiting
- * Fundamental analysis
- * Futures contract
- * Fungibility
- * Gold as an investment
- * Hedging
- * Jesse Lauriston Livermore
- * List of traded commodities
- * Ownership equity
- * Position trader
- * Risk
- * Seasonal traders
- * Seasonal spread trading
- * Slippage
- * Speculation
- * Spread trade
- * Technical analysis
- ** Breakout
- ** Bear market
- ** Bottom
- ** Bull market
- ** MACD
- ** Moving average
- ** Open Interest
- ** Parabolic SAR
- ** Point and figure charts
- ** Resistance
- ** RSI
- ** Stochastic oscillator
- ** Stop loss
- ** Support
- ** Top
- * Trade
- * Trend
Derivatives market
- Derivative
- Underlying instrument
Forward markets and contracts
- Forward contract
Futures markets and contracts
- Backwardation
- Contango
- Futures contract
- * Financial future
- **Currency future
- **Interest rate future
- **Single-stock futures
- **Stock market index future
- Futures exchange
Option markets and contracts
- Options
- * Stock option
- ** Box spread
- ** Call option
- ** Put option
- ** Strike price
- ** Put–call parity
- ** The Greeks
- ** Black–Scholes formula
- ** Black model
- ** Binomial options model
- ** Implied volatility
- ** Option time value
- **Moneyness
- ***At-the-money
- ***In-the-money
- ***Out-of-the-money
- ** Straddle
- ** Option style
- *** Vanilla option
- *** Exotic option
- *** Binary option
- *** European option
- **** Interest rate floor
- **** Interest rate cap
- *** Bermudan option
- *** American option
- *** Quanto option
- *** Asian option
- ** Employee stock option
- * Warrants
- * Foreign exchange option
- * Interest rate options
- * Bond options
- * Real options
- * Options on futures
Swap markets and contracts
- Swap
- * Interest rate swap
- * Basis swap
- * Asset swap
- * Forex swap
- * Stock swap
- * Equity swaps
- * Currency swap
- * Variance swap
Derivative markets by underlyings
Equity derivatives
- Contract for difference
- Exchange-traded fund
- *Closed-end fund
- *Inverse exchange-traded fund
- Equity options
- Equity swap
- Real estate investment trust
- Warrants
- *Covered warrant
Interest rate derivatives
- LIBOR
- Forward rate agreement
- Interest rate swap
- Interest rate cap
- Exotic interest rate option
- Bond option
- Interest rate future
- Money market instruments
- Range accrual Swaps/Notes/Bonds
- In-arrears Swap
- Constant maturity swap or Constant Treasury Swap derivatives
- Interest rate Swaption
- Bermudan swaptions
- Cross currency swaptions
- Power Reverse Dual Currency note
- Target redemption note
- CMS steepener
- Snowball
- Inverse floater
- Strips of Collateralized mortgage obligation
- Ratchet caps and floors
Credit derivatives
- Credit default swap
- Collateralized debt obligation
- Credit default option
- Total return swap
- Securitization
- * Strip financing
Foreign exchange derivative
- Foreign exchange option
- Currency future
- Forex swap
- Foreign exchange hedge
- Binary option: Foreign exchange
Financial regulation
- Corporate governance
- Financial regulation
- * Bank regulation
- ** Banking license
- License
Designations and accreditation
- Certified Financial Planner
- Chartered Financial Analyst
- * CFA Institute
- Chartered Alternative Investment Analyst
- Professional risk manager
- Chartered Financial Consultant
- Canadian Securities Institute
- Independent financial adviser
- * Chartered Insurance Institute
- Financial risk manager
- Chartered Market Technician
- Certified Financial Technician
Litigation
- Liabilities Subject to Compromise
Fraud
- Forex scam
- Insider trading
- Legal origins theory
- Petition mill
- Ponzi scheme
Industry bodies
- International Swaps and Derivatives Association
- National Association of Securities Dealers
Regulatory bodies
International
- Bank for International Settlements
- International Organization of Securities Commissions
- Security Commission
- Basel Committee on Banking Supervision
- Basel Accords – Basel I, Basel II, Basel III
- International Association of Insurance Supervisors
- International Accounting Standards Board
European Union
- European Securities Committee
- Committee of European Securities Regulators
Regulatory bodies by country
United Kingdom
- Financial Conduct Authority
- Prudential Regulation Authority
United States
- Commodity Futures Trading Commission
- Federal Reserve
- Federal Trade Commission
- Municipal Securities Rulemaking Board
- Office of the Comptroller of the Currency
- Securities and Exchange Commission
United States legislation
- Glass–Steagall Act
- Gramm–Leach–Bliley Act
- Sarbanes–Oxley Act
- Securities Act of 1933
- Securities Exchange Act of 1934
- Investment Advisers Act of 1940
- USA PATRIOT Act
Actuarial topics
- Actuarial topics
Asset types
- Real Estate
- Securities
- Commodities
- Futures
- Cash
Raising capital
- Debt
- Factors
- Securities
- * Initial public offering
Valuation
Underlying theory
- Value
- Valuation and specifically #Valuation overview
- "The Theory of Investment Value"
- Valuation risk
- Real versus nominal value
- Real prices and ideal prices
- Fair value
- *Fair value accounting
- Intrinsic value
- Market price
- Value in use
- Fairness opinion
- Asset pricing
- *Equilibrium price
- **market efficiency
- **economic equilibrium
- **rational expectations
- *Arbitrage-free price
- **
- **
Context
- Bonds
- * Bond valuation
- *
- *
- Equity valuation
- * #Equity valuation above
- * Fundamental analysis
- * Stock valuation
- * Business valuation
- *
- *
- * Capital budgeting and
- *
- * The Theory of Investment Value
- Real estate valuation
- *Real estate appraisal
- *Real estate economics
Discounted cash flow valuation
- Bond valuation
- *Modelling
- **
- **
- **
- *Results
- **Clean price
- **Dirty price
- **Yield to maturity
- **Coupon yield
- **Current yield
- **Duration
- **Convexity
- *Cash flows
- **Principal
- **Coupon
- **Fixed rate bond
- **Floating rate note
- **Zero-coupon bond
- **Accrual bond
- **sinking fund provisions
- *Considerations
- **covenants and indentures
- **secured / unsecured debt
- **senior / subordinated debt
- **embedded options
- ***Pull to par
- ***
- ***effective duration
- ***effective convexity
- Real estate valuation
- *
- *Income approach
- **Net Operating Income
- **
- **German income approach
- Equity valuation
- *Results
- ** Net present value
- ** Adjusted present value
- ** Equivalent Annual Cost
- ** Payback period
- ** Discounted payback period
- ** Internal rate of return
- ** Modified Internal Rate of Return
- ** Return on investment
- ** Profitability index
- * Considerations
- ** Minimum acceptable rate of return
- ** Margin of safety
- ** Enterprise value
- ** Sum-of-the-parts analysis
- ** Minority discount
- ** Control premium
- ** Accretion/dilution analysis
- ** Certainty equivalent
- ** Haircut
- *Specific models and approaches
- ** Dividend discount model
- ** Gordon growth model
- ** Market value added / Economic value added
- ** Residual Income Valuation
- ** First Chicago Method
- ** rNPV
- ** Fed model
- ** Chepakovich valuation model
- ** Sum of perpetuities method
- ** Benjamin Graham formula
- ** LBO valuation model
- ** Goldman Sachs asset management factor model
- *Modelling
- ** Cash flow
- *** Cash flow forecasting
- *** Cash flow statement
- *** Operating cash flow
- *** EBIDTA
- ****
- *** NOPAT
- *** Free cash flow
- **** Free cash flow to firm
- **** Free cash flow to equity
- *** Dividends
- *** Cash is king
- ** Required return
- ***Cost of capital
- ***Weighted average cost of capital
- ***Cost of equity
- ***Cost of debt
- ***Capital Asset Pricing Model
- ****
- ***Arbitrage pricing theory
- ***
- ***T-model
- ****cash-flow T-model
- ** Terminal value
- ***Forecast period
- ***long term growth rate
- ****
- ****
- **Forecasted financial statements
- ***Financial forecast
- ***
- ***
- ***Revenue
- ****Revenue model
- ****
- ****
- ****Net sales
- ***Costs
- ****Profit margin
- *****Gross margin
- *****Net margin
- *****Cost of goods sold
- ****Operating expenses
- *****Operating ratio
- ****Cost driver
- ****Fixed cost
- ****Variable cost
- ****Overhead cost
- ****Value chain
- ****activity based costing
- ****common-size analysis
- ****Profit model
- ***Capital
- ****Capital structure
- ****common-size analysis
- ****Equity
- *****Shareholders' equity
- *****Book value
- *****Retained earnings
- ****Financial capital
- *****Long term asset / Fixed asset
- ******Fixed-asset turnover
- *****Long-term liabilities
- ******Debt-to-equity ratio
- ******Debt-to-capital ratio
- ****Working capital
- *****Current asset
- *****Current liability
- *****Inventory turnover / Days in inventory, Cost of goods sold
- *****Debtor & Creditor days
- *****Days sales outstanding / Days payable outstanding
Relative valuation
- Bonds
- *
- * Yield spread
- ** I-spread
- ** Option-adjusted spread
- ** Z-spread
- ** Asset swap spread
- * Credit spread
- **Bond credit rating
- **Altman Z-score
- **Ohlson O-score
- **Book value
- **Debt-to-equity ratio
- **Debt-to-capital ratio
- **Current ratio
- **Quick ratio
- **Debt ratio
- Real estate
- * Capitalization rate
- * Gross rent multiplier
- * Sales comparison approach
- **
- Equity
- * Financial ratio
- * Market-based valuation
- * Comparable company analysis
- * Dividend yield
- ** Yield gap
- * Return on equity
- ** DuPont analysis
- * PE ratio
- **PEG ratio
- **Cyclically adjusted price-to-earnings ratio
- * P/B ratio
- * Price to cash based earnings
- * Price to Sales
- * EV/EBITDA
- * EV/Sales
- * Stock image
- * Valuation using the Market Penetration Model
- * Graham number
- * Tobin's q
Contingent claim valuation
- Valuation techniques
- *general
- **Valuation of options
- **
- **#Derivatives pricing above
- *as typically employed
- **Real options valuation
- **
- **
- **
- **Monte Carlo methods in finance
- Applications
- *Corporate investments and projects
- **Real options
- **
- **Contingent value rights
- **
- *Balance sheet assets and liabilities
- **warrants and other convertible securities
- **securities with embedded options such as callable bonds
- **employee stock options
- **structured finance investments
- **special purpose entities
Other approaches
- "Fundamentals"-based
- *T-model
- *Residual income valuation
- *Clean surplus accounting
- *Net asset value method
- *Excess earnings method
Portfolio theory
General concepts
- Portfolio
- Portfolio manager
- Investment management
- *Active management
- *Passive management
- **Index fund
- *Core & Satellite
- *Smart beta
- *Expense ratio
- *Investment style
- ** Value investing
- ** Contrarian investing
- ** Growth investing
- ** Index investing
- ** Magic formula investing
- ** Momentum investing
- ** Quality investing
- ** Style investing
- ** Factor investing
- *Investment strategy
- **Benchmark-driven investment strategy
- **Liability-driven investment strategy
- Investor profile
- Rate of return on a portfolio / Investment performance
- Risk return ratio
- *Risk–return spectrum
- Risk factor
- Portfolio optimization
- Diversification
- Asset classes
- *Exter's Pyramid
- Asset allocation
- *Tactical asset allocation
- **Global tactical asset allocation
- *Strategic asset allocation
- *Dynamic asset allocation
- Sector rotation
- Correlation & covariance
- *Covariance matrix
- *Correlation matrix
- Risk-free interest rate
- Leverage
- Utility function
- Intertemporal portfolio choice
- Portfolio insurance
- *Constant proportion portfolio insurance
Modern portfolio theory
- Portfolio optimization
- *Risk return ratio
- *Risk–return spectrum
- *Economic efficiency
- **Efficient-market hypothesis
- **Random walk hypothesis
- *Utility maximization problem
- *Markowitz model
- *Merton's portfolio problem
- *Kelly criterion
- *Roy's safety-first criterion
- Theory and results
- *Equilibrium price
- *Market price
- *Systematic risk
- **Risk factor
- *Idiosyncratic risk / Specific risk
- *Mean-variance analysis
- *Efficient frontier
- *Feasible set
- *Mutual fund separation theorem
- **Separation property
- *Tangent portfolio
- *Market portfolio
- *Beta
- **Fama–MacBeth regression
- **Hamada's equation
- **
- *Capital allocation line
- *Capital market line
- *Security characteristic line
- *Capital asset pricing model
- **Single-index model
- *Security market line
- *Roll's critique
- Related measures
- *Alpha
- *Sharpe ratio
- *Treynor ratio
- *Jensen's alpha
- Optimization models
- *Markowitz model
- *Treynor–Black model
- Equilibrium pricing models
- *Capital asset pricing model
- *Consumption-based capital asset pricing model
- *Intertemporal CAPM
- *Single-index model
- *Multiple factor models
- **Fama–French three-factor model
- **Carhart four-factor model
- **Arbitrage pricing theory
Post-modern portfolio theory
- Approaches
- *Behavioral portfolio theory
- *Stochastic portfolio theory
- *Maslowian portfolio theory
- *Dedicated portfolio theory
- Optimization considerations
- *Pareto efficiency
- *Bayesian efficiency
- *Multiple-criteria decision analysis
- *Multi-objective optimization
- *Stochastic dominance
- **Second-order Stochastic dominance
- **Marginal conditional stochastic dominance
- *Downside risk
- *Risk parity
- *Tail risk parity
- *Volatility skewness
- *Semivariance
- *Expected shortfall, average value at risk, expected tail loss )
- *Tail value at risk
- *Statistical dispersion
- *Discounted maximum loss
- *Indifference price
- Measures
- *Dual-beta
- **Downside beta
- **Upside beta
- *Upside potential ratio
- *Upside risk
- *Downside risk
- *Sortino ratio
- *Omega ratio
- *Bias ratio
- *Information ratio
- **Active return
- **Active risk
- *Deviation risk measure
- *Distortion risk measure
- *Spectral risk measure
- Optimization models
- *Black–Litterman model
- *Universal portfolio algorithm
Performance measurement
- Performance attribution
- *Market timing
- *Stock selection
- Fixed-income attribution
- Benchmark
- Lipper average
- Returns-based style analysis
- Rate of return on a portfolio
- Holding period return
- Tracking error
- Alpha
- Beta
- Simple Dietz method
- Modified Dietz method
- Modigliani risk-adjusted performance
- Upside potential ratio
- Maximum Downside Exposure
- Maximum drawdown
- *Sterling ratio
- Sharpe ratio
- Treynor ratio
- Jensen's alpha
- Bias ratio
- V2 ratio
- Calmar ratio
Mathematical techniques
- Quadratic programming
- *Critical line method
- Nonlinear programming
- Mixed integer programming
- Stochastic programming
- Copula
- Principal component analysis
- Deterministic global optimization
- Genetic algorithm
- Machine learning
Financial software tools
- Straight Through Processing Software
- Technical Analysis Software
- Fundamental Analysis Software
- Algorithmic trading
- Electronic trading platform
- List of numerical analysis software
- Comparison of numerical analysis software
Financial institutions
- Bank
- * List of banks
- ** List of banks in the Arab World
- ** List of banks in Africa
- ** List of banks in the Americas
- ** List of banks in Asia
- ** List of banks in Europe
- ** List of banks in Oceania
- ** List of international banking institutions
- * Advising bank
- * Central bank
- ** List of central banks
- * Commercial bank
- * Community development bank
- * Cooperative bank
- * Custodian bank
- * Depository bank
- * Ethical bank
- * Investment bank
- * Islamic banking
- * Merchant bank
- * Microcredit
- * Mutual savings bank
- * National bank
- * Offshore bank
- * Private bank
- * Savings bank
- * Swiss bank
- * Bank holding company
- Building society
- Broker
- * Broker-dealer
- * Brokerage firm
- * Commodity broker
- * Insurance broker
- * Prime brokerage
- * Retail broker
- * Stockbroker
- Clearing house
- Commercial lender
- Community development financial institution
- Credit rating agency
- Credit union
- Diversified financial
- Edge Act Corporation
- Export Credit Agencies
- Financial adviser
- Financial intermediary
- Financial planner
- Futures exchange
- * List of futures exchanges
- Government sponsored enterprise
- Hard money lender
- Independent financial adviser
- Industrial loan company
- Insurance company
- Investment adviser
- Investment company
- Investment trust
- Large and Complex Financial Institutions
- Mutual fund
- Non-banking financial company
- Savings and loan association
- Stock exchange
- * List of stock exchanges
- Trust company
Education
- For the typical finance career path and corresponding education requirements see:
- *Financial analyst generally, and esp. #Qualification, discussing various investment, banking, and corporate roles
- *Quantitative analysis and #Education, specifically re roles in quantitative finance
- Business education lists undergraduate degrees in business, commerce, accounting and economics - "finance" may be taken as a major in most of these, whereas "quantitative finance" is invariably postgraduate, following a math-focused Bachelors; the most common degrees for investment, banking, and corporate roles are:
- *Bachelor of Business Administration
- *Bachelor of Commerce
- *Bachelor of Accountancy
- *Bachelor of Economics
- At the postgraduate level, the MBA and MCom, as well the MSM, similarly offer training in finance generally; at this level there are also the following specifically focused masters degrees - see Master of Finance #Comparison with other qualifications for their focus and inter-relation:
- *Master of Applied Finance
- *Master of Computational Finance
- *Master of Finance
- *Master of Financial Economics
- *Master of Financial Engineering
- *Master of Financial Mathematics
- *Master of Mathematical Finance
- *Master of Quantitative Finance
- *Master of Science in Finance
- Doctoral-training in finance is usually a requirement for academia, but not relevant to industry
- *quants often enter the profession with PhDs in disciplines such as physics, mathematics, engineering, and computer science, and learn finance "on the job”
- *as an academic field, finance theory is studied and developed within the disciplines of management, economics, accountancy and applied mathematics.
- There are various Professional Certifications in financial services relating to specialized roles ; the best known :
- *Association of Corporate Treasurers
- *Certificate in Quantitative Finance
- *Certified Financial Planner
- *Certified International Investment Analyst
- *Certified Treasury Professional
- *Chartered Alternative Investment Analyst
- *Chartered Financial Analyst
- *Financial Risk Manager
- *Professional Risk Manager
- See also qualifications in related fields:
- *Accounting #Education and qualifications
- *Economics education
- *Actuarial credentialing and exams
- *Management #Training
- *Business education
Related lists
- Index of accounting articles
- Outline of business management
- Outline of marketing
- Outline of economics
- Outline of production
- List of international trade topics
- List of business law topics
- List of business theorists
- Actuarial topics