Excel Skills Simplified: Tutorials That Actually Work
A bullet chart is a great data visualization tool for Excel that can be used to compare the performance of a metric. For example, if you want to compare the sales figures of two years or to compare the total sales to a target amount, you can use bullet charts to visualize the data.
People who invest in bonds are always anxious to know the current yield, the yield to maturity and the yield to call of the bonds they purchased. Using Excel, you can develop a bond yield calculator easily with the help of a number of formulas. You just need to enter the inputs like face value, coupon rate, years to maturity etc and Excel will calculate the bond yield and display it for you.
Excel offers a large number of built-in functions that you can use to perform many different tasks easily and quickly. But at least once, you might have felt that the built-in functions provided by Excel are not enough for you to perform some complicated task.
In such cases, you will have to write your own functions, and this is done using VBA. VBA stands for Visual Basic for Applications. Moreover, whenever you have to use a block of code repeatedly, it is advisable to create a function so that you can reuse the code easily.
If you are an investor who invests in stock, then you might be knowing how important is monitoring the stock prices. You might have to make wise and quick decisions based on the stock prices. There are a number of financial websites like Yahoo Finance, Forbes etc that you can view to monitor stock prices.
The happy news is that you can even use Microsoft Excel to monitor the performance of your investments. You can set up your Excel in such a way that all the details you need for the stocks of your interest can be viewed and updated easily and quickly.
Stock beta is a measurement of the risk of a particular stock relative to the risk of the entire stock market, and learning how to calculate beta of a stock in Excel is an essential skill for investors. Before choosing a particular stock for your portfolio, you can use this stock beta calculation in Excel to decide how risky it is.
Though beta is not the only factor to consider before investing in a stock, you can make a wise decision by considering beta as well.
The z-score, also known as the standard score, is a measurement used in statistics. It is the measurement of the number of standard deviations that a specific number is above or below a mean. The formula to calculating the z-score is:
z = (x – μ) / σ
where:
Radar charts, also known as spider charts, web charts or star charts, are used to evaluate multiple alternatives based on multiple criteria. You need to use a radar chart when you have to display multivariate data in the form of a chart that has three or more axis.
For example, you can use a radar chart to analyze the strengths and weaknesses of a number of supply chain strategies or to compare multiple projects graphically. Given below is a simple radar chart with 5 axes on a scale of 0 to 10.
If you have written any competitive exams, you might be familiar with the term percentile. Most of today’s competitive entrance exams publish the results of the applicants based on percentiles. You might be familiar with the term percent. But, it is not the same as percentile.
Do not confuse these terms. As we all know, percentage is a number defined as a fraction of 100. So, if a person says that he scored 60% marks in his GMAT exam, then it means that if total score is 100, he scored 60 marks.
Obviously, if the total score is 50, the person has got 30 marks in the exam.
Excel is equipped with a variety of built-in functions that make calculations simple and efficient. While common functions like AVERAGE, SUM, and SQRT are frequently used, finding the nth root of a number requires a bit of mathematical manipulation since Excel doesn’t have a direct nth root function. Here’s how you can calculate the nth root, including the square root, cube root, and other roots.
What-If Analysis in Excel allows you to explore how changing input values affect calculated outcomes, essentially working in reverse of standard formulas. Instead of using known inputs to determine an output, What-If Analysis helps you find the input required to achieve a desired output.
This technique is applicable to various scenarios, such as budget planning, investment analysis, and retirement savings projections, with Goal Seek being a prominent tool within this suite.