A Practitioner’s Guide to Financial Market Analysis

Author

Ken Nyholm

Published

May 22, 2026

Preface

This book is a work in progress, aimed at providing a coherent and integrated treatment of financial econometrics and investment analysis within the context of modern fixed-income and multi-asset markets. My plan is to eventually cover the following topics - and possibly more as the project evolves.

Planned Topics

  • Background tools and techniques
  • No arbitrage, no dominance, and no kidding
  • Defined benefit pensions
  • Dynamic behaviour of yields
  • Information embedded in the yield curve
  • Generating return distributions
  • Portfolio optimisation
  • Returns and risks
  • Return decomposition
  • Evaluating trading strategies

The overarching goal is to bridge theory and practice, and the style and structure will follow that of Nyholm (2021), combining theoretical concepts with practical examples, data-driven illustrations, and empirical applications.