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Introduction to Quantitative Investing

Learn basics of financial economics and try its real life application using financial data and programming.

3,960 enrolled on this course

  • Duration

    6 weeks
  • Weekly study

    3 hours

Financial markets have become increasingly complex - it’s not easy to know where to start when it comes to investing. In today’s world the demand of accurate data-driven quantitative analysis across the world is steadily rising: it’s become crucial to understand and be able to use statistical and mathematical information accurately and promptly.

This course will teach you the essentials of modern investment theory and help you learn to apply them in real life using financial data and programming.

Understand modern investment theory

On the course you’ll start by learning about key concepts in modern investment theory and quantitative investing like return, risk and portfolio optimisation.

Get used to statistical techniques and practice using programming language R

Once you’ve learnt basic investment concepts we’ll look at applying them using statistics and programming using open source language R will be introduced. You’ll practice by doing assignments every week using actual securities data from Yahoo Finance.

Discover how to construct an investment portfolio

Using your new knowledge of quantitative investing and your ability to analyse investment characteristics using programming, you’ll be able to build your own diversified investment portfolio based on return analysis.

Learn from an expert in the field

Through the course you’ll be taught by an educator who has worked in quantitative finance for more than 15 years in Wall Street global investment banks, before she joined SKKU in 2015. She was Chief Investment Officer at a hedge fund and head of systematic trading groups at global banks such as Citi and J.P. Morgan.

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Skip to 0 minutes and 5 seconds If you have been paying attention to the news, you would likely have noticed that the financial market often stumbled. One headline reveals that market had one of its worst days. Over last 10 years, global financial markets went through many dramatic moments. For examples, Global financial market suffered a lot during 2008 financial crisis. U.S.’s major index S&P 500 printed in red -38.49%. The European sovereign debt crisis started in 2008, with the collapse of Iceland’s banking system, and spread primarily to Greece, Ireland and Portugal during 2009. During last year only, we can find plenty events that influenced global financial markets drastically. Brexit and U.S. presidential election are just couple examples. These all show how dynamic the global financial markets can be.

Skip to 1 minute and 4 seconds Of course, the headlines that affect the market does not always need to be presidential elections and market moves may not be as dramatic as our examples. The headlines can be slower growth in China, falling oil price, geopolitical instability and company bankruptcies. An objective view of the market reminds us that on every trading day in history, there have been compelling cases to be made for both optimism and pessimism. Remember that every single security transaction involves a buyer and a seller, each of whom believes he or she is getting the better end of the deal. These Buyer and seller can be driven by just two emotions - Fear and greed.

Skip to 1 minute and 43 seconds It sounds like over-simplication but these two emotions can have detrimental effect on investors. And under the headline event, it is even harder to deal with fear and greed. How do investors deal with it? The best way is to be disciplined. And quantitative investing is one of best tools to make disciplined investment. Quantitative investing pays attention to the numbers to remove investor’s emotion in investment process. Hi, my name is Youngju Nielsen. I am an assistant professor at Sungkyunkwan University, here in Seoul Korea. Before I joined Sungkyunkwan university in 2015, I practiced quantitative investing over 15 years in Wall street. And now, I share my knowledge and experience with students here at Sungkyunkwan university.

Skip to 2 minutes and 40 seconds To learn about quantitative investing, you need to understand financial economics, statistics and computer programming. Over the next six week, I will help you have the first step to quantitative investing. And don’t worry! It will be a lot easier than it sounds like. You will be very surprised. This course will equip you to perform the most basic steps to quantitative investing. I am sure you will be more interested in the world of quantitative investing and be ready to proceed to more advanced course by the end of six weeks. Thanks for joining us. We look forward to having you with us!

What topics will you cover?

  • Securities analysis
  • Capital allocation
  • Understanding market risk
  • Securities valuation (CAPM, APM)
  • Optimal investment portfolio construction

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Calculate the return and risk of an investment.
  • Evaluate the portfolio return and risk, and understand how covariance affects the overall portfolio risk.
  • Demonstrate the ability to code the optimal portfolio construction process using R.
  • Identify the mean-variance optimal portfolio both conceptually and empirically.
  • Develop a single/multiple factor model and calculate the expected return of an investment.

Who is the course for?

You’ll need to have studied maths to a high school level, but other than that there are no special requirements for this course - you don’t need any experience in programming or investing.

Who will you learn with?

Professor Youngju Nielsen worked 15 years at major finance corporations on Wall Street as a trader/portfolio manager. She now teaches at SKK GSB.

Who developed the course?

Sungkyunkwan University (SKKU)

Sungkyunkwan University, founded in 1398 as the highest national educational institute in the early years of the Joseon Dynasty in Korea, has fostered leaders of Korean society for over 600 years.

  • Established

  • Location

    Seoul, South Korea
  • World ranking

    Top 100Source: QS World University Rankings 2021

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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