Statistics for Finance

This “Statistics for Finance” course introduces the basic mathematical concepts used in financial models.

It explains the different approaches to evaluating how a random value can cluster around the average. The course also looks at how the value of an asset over time can be evaluated using variance and standard deviation.

There is further explanation around how the distribution of the value of an asset over time can be used in analysing the performance.

Finally, it introduces the concept of the value of two or more assets having an influence on each other through correlation. Exercises within the course gives participants the opportunity to apply these techniques.


This “Statistics for Finance” course is for individuals new to the financial markets.

Learning Outcomes

  • At the end of this course participants should understand
  • Measures of central tendency and dispersion
  • Key mathematical distributions used in financial modelling
  • How to calculate correlations

Course Content

  • Measures of Central Tendency
  • Mode and median
  • Arithmetic mean
  • Weighted average and VWAP
  • Geometric mean
  • Measure of Dispersion
  • Variance
  • Standard deviation
  • Exercises: Calculating the standard deviation of single stock returns on stocks with high and low volatilities
  • Distributions
  • Normal distribution
  • Skewed distributions
  • Financial modelling considerations
  • Correlation
  • Correlations between stock returns
  • Exercises: Calculating and plotting the correlations between pairs of stocks


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