Equities Lab for the Classroom
Increase student comprehension, decrease your workload.With applications in investments and corporate finance, Equities Lab allows students to easily and quickly conduct theory-driven analyses using real world data. Instantaneously obtain all companies in an industry matching given criteria (leverage, market beta, profitability, etc.) or do a deep data-driven dive into a company. Equities Lab allows you to create homework for your class which is autograded and then stored in a table that easily exports to excel to allow easy importing into your university grade book.
Complete up-to-date accounting data from Morningstar
Built-in homework and grading module
Model financial soundness anomalies
Survivorship bias free backtest
There is a short data lag of about three days after a company’s SEC filings. This allows data to settle and eliminate future prediction from models.
Equities Lab has designed a suite functionalities specifically for the use in education. These features allow you to spend less time grading and reporting scores, and more time actually teaching students and performing research.
Within Equities Lab you’ll be able to create any number of activities, set minimum requirements, due dates, and track student completion.
When it comes time to place student grades into the gradebook, you can easily export all grades into excel which can typically be uploaded into your online book. Never lose a student assignment, and track the progress of your students easily and efficiently.
Finding oddities within the market tends to take time. With using EL you can isolate companies based on any criteria to use as examples for your students.
In three seconds, I can find 38 examples of why a high Beneish score can negatively affect companies in the long term. Allow your students a way truly understand why they are learning these skills.
Analyzing the Soundness of AAPL
To illustrate our survivorship bias free environment, we can look for companies who did not have a close of greater than 0 as of January 1, 2015.
These positions, taken on October, 20, 2014 have each been delisted. To verify that our backtest isn’t affected by survivorship bias, we are looking for a flat spot during 2015. The chart will eventually pick up new investments as there are a number of IPO’s that happened after 2015.
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