Patrick Boyle

Patrick Boyle
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Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets.To contact Patrick go to the website http://onfinance.orgDISCLAIMER:This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.Links:Amazon Author Page: https://amzn.to/3bTeqedPatreon: https://www.patreon.com/PatrickBoyleOnFinanceWebsite: https://www.onfinance.org/Instagram: https://www.instagram.com/patrickeboyle/BlueSky: https://bsky.app/profile/pboyle.bsky.social

  1. 26 min ago

    More than 30 stocks might be removed from the SandP 500 | Index Adds and Deletes | Passive Investing

    Passive investment indexes in times of market volatility have become a subplot of the recent drama in markets, following wild moves in the oil market. It’s looking like things could kick off in stocks, too, as index overseers consider ejecting underperforming companies.In indexes like the S&P 500, dozens of companies are at risk of deletion, after shares dove in March. While index compilers are guided by rules, they must also use their judgment in assessing the market right now: how much of the recent plunge will turn out to be permanent?The S&P committee is going to have to decide how long to wait before ejecting impaired companies, The S&P 500 may be the world’s most-followed passive index, but the recent market volatility is going to force its constructors into some very active choices.More than 30 firms might be removed from the S&P 500.The S&P500 has staged a remarkable recovery since March, a rebound whose strength is largely due to its weighting in technology and health-care stocks. Less noticed by investors is the impact of almost fifty company removals over the last three years. These deletions were mostly of retail, industrial and energy companies, sectors that have happened to struggle the most in 2020.A basket of the companies deleted from the S&P 500 over the past three years (for reasons other than acquisitions) is down 47% this year, almost five times more than the broad markets 2020 decline. Just five of the deleted firms have shown positive returns year to date. Bed Bath & Beyond and Macy’s, two large retailers are down around 70%.Many of these companies were in some form of trouble before 2020, justifying their removal. But the fact that they belong to the industries that have struggled the most this year has been fortunate for anyone with passive index exposure to the market.Changes in index members are made as needed and can be made at any time, according to S&P Dow Jones Indices. Human judgment is part of the process, the committee aims to minimize turnover and doesn’t view crossing below thresholds governing, market capitalization, as a reason alone to eject a stock.The criteria for addition to an index are not the same as those for continued membership according to the S&P U.S. Indices Methodology rule book available on the Standard & Poors website. “An index constituent that appears to violate criteria for addition to that index is not necessarily going to be deleted unless its impairment is judged to be more permanent.Removal of 30 companies would exceed the annual average over the last thirty years and be one of the busiest years on record. Even passive investments have active elements, a fact on display last month when an oil ETF reshuffled the mix of its futures in order to protect itself from blowing up. A company must have a market-cap of at least $8.2 billion for S&P 500 consideration. Liquidity must also be sufficient, and the sum of total earnings over the past four quarters must be positive, along with profits in the most recent quarter.Market-cap guidelines for the S&P500 were raised to $8.2 billion on Feb. 20, 2019, about a fifth of companies in the index no longer meet that standard today.The index committee is probably hesitant to add more technology firms to a benchmark that’s already very concentrated in that sector. The Information Technology sector makes up 26% of the index, the highest share since the dot-com boom.Buy Patricks' Books Here: https://amzn.to/3dSPftJVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePassive investing, index adds and deletes, vanguard index fund. Learn more about your ad choices. Visit megaphone.fm/adchoices

    More than 30 stocks might be removed from the SandP 500 | Index Adds and Deletes | Passive Investing

  2. 46 min ago

    Is Apple A Threat to Banks?

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    Is Apple A Threat to Banks?

  3. 55 min ago

    Japan Spent 60 Billion Dollars Defending The Yen!

    Get a free 14-day trial of Odoo’s all-in-one business solution and see how it can make your life easier! Check it out at https://www.odoo.com/r/YQWOver a four-day period Japan is suspected to have carried out two interventions to support the yen at an estimated cost of $59 billion dollars.The first intervention came after the yen fell below 160 to the dollar for the first time in 34 years. The second intervention came a few days later after Jerome Powell announced that a rate hike was unlikely to be the Fed’s next interest-rate move.The simplest explanation for the declining yen is that it is entirely driven by Japanese interest rates being low relative to other developed markets. People take their money out of the yen which is yielding 0 and put it in dollar denominated bonds to earn 5% - leading to a decline in the yen, but my friend Manoj Pradhan at Talking Heads Macro argues that this is a lazy oversimplification and that the Yen and Japanese markets are possibly the most interesting story in macroeconomics today.Manoj Pradhan on Twitter: https://x.com/ManojPradhanTHMPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Japan Spent 60 Billion Dollars Defending The Yen!

  4. 1 hr ago

    Tech Bros Inventing Things That Already Exist

    Ad: 🔒Remove your personal information from the web at https://joindeleteme.com/BOYLE and use code BOYLE for 20% off 🙌 DeleteMe international Plans: https://international.joindeleteme.comIt seems like every day the tech industry comes out with a "brilliant new idea” that turns out to be merely a reinvention of a mundane product that already existed. Tech bros keep reinventing the bus, but they have also taken to reinventing the tea pot, the toothbrush, the lunchbreak and the public park. In today's video we look at the tech products that either already existed or should never have existed.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleAmazon Affiliate LinksHydrate Spark: https://amzn.to/4dXX0hiSoylent: https://amzn.to/3ThRyxpA Juicer – which might be good: https://amzn.to/3XmLiWmA Bluetooth Tea Pot: https://amzn.to/3ZtlYRcDoug Evans – Sprouts: https://amzn.to/3XjXMy7A Tent: https://amzn.to/3TmrIZmAI Powered Toothbrush: https://amzn.to/3B2KtuvAffordable GPU for Handbag Making: https://amzn.to/4edxiFpRocket: https://amzn.to/3MDADBPVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Tech Bros Inventing Things That Already Exist

  5. 1 hr ago

    Should Government Officials Trade?

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    Should Government Officials Trade?

  6. 1 hr ago

    What are the problems with VaR? | Risk Management | Finance

    In todays video we will learn about some of the problems in Value at Risk.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleIn todays video we will learn about some problems with Value at Risk (VaR) Calculations.One of the first issues with VaR is that there is no standard protocol for the statistics used to determine asset, portfolio or firm-wide risk. For example, statistics calculated using a period of low volatility may understate the potential for risk events to occur and the magnitude of those events. Risk may be further understated using normal distribution probabilities, which rarely account for extreme events.The assessment of potential loss represents the lowest amount of risk in a range of outcomes. For example, a VaR determination of 95% with 20% asset risk represents an expectation of losing at least 20% one of every 20 days on average. In this calculation, a loss of 50% still validates the risk assessment.The financial crisis of 2008 exposed these problems as the relatively benign VaR calculations ended up understating the risk posed by portfolios of subprime mortgages. Risk magnitude was also underestimated, which resulted in extreme leverage ratios within subprime portfolios. As a result, the underestimations left institutions unable to cover billions of dollars in losses as subprime mortgage values collapsed.Watch the video for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

    What are the problems with VaR? | Risk Management | Finance

  7. 2 hr ago

    Probability in Finance - Statistics For The Trading Floor - Quantitative Methods

    Today we discuss probability in finance and why it is important for investors to have a good understanding of probability theory. Probability theory is widely applicable in all areas of finance. Probability allows financial professionals to calculate things like expected value and to price derivatives. The expected value of an investment is simply the probabilities of the various outcomes multiplied by the various payoffs in the different scenarios. Probability is used everywhere from valuing a simple equity investment, to pricing exotic derivatives. The insurance industry is almost entirely built upon probability calculations, and an important component of credit is the probability a loan will be repaid.In Patrick Boyles' book “Statistics For The Trading Floor” (available at this link https://amzn.to/3fcQrIK) he works through all of the important probability calculations and how quantitative methods can be applied in stock market analysis.In the video Patrick mentions professional poker player Annie Duke and her book Thinking in Bets, available at this link. https://amzn.to/33bnt9FPatricks' Books:Statistics for Traders: https://amzn.to/3eerLA0Financial Derivatives: https://amzn.to/3kwsPSrCorporate Finance: https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatreon Page: https://www.patreon.com/PatrickBoyleOnFinance Learn more about your ad choices. Visit megaphone.fm/adchoices

    Probability in Finance - Statistics For The Trading Floor - Quantitative Methods

  8. 2 hr ago

    Would a BRICS Common Currency Work?

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    Would a BRICS Common Currency Work?
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About

Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets.To contact Patrick go to the website http://onfinance.orgDISCLAIMER:This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.Links:Amazon Author Page: https://amzn.to/3bTeqedPatreon: https://www.patreon.com/PatrickBoyleOnFinanceWebsite: https://www.onfinance.org/Instagram: https://www.instagram.com/patrickeboyle/BlueSky: https://bsky.app/profile/pboyle.bsky.social

Information

  • Creator
    Patrick Boyle
  • Years Active
    2026
  • Episodes
    279
  • Rating
    Clean

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