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Excel has a set of pre-defined functions to perform various operations as desired. So, it is very easy to get to grips with a pre-defined function to execute any mathematical, statistical or logical operation. But there are certain circumstances where you need to deal with a custom or re-usable function in Excel.
You might have Gmail or Yahoo accounts for sending and receiving emails. But, Excel offers the option to send emails directly from Excel itself. Suppose, you are busy with some Excel application and want to send an email to your manager or team member attaching the same Excel document you are working on. You can complete it in seconds without opening your Yahoo or Gmail inbox.
Geocoding creates coordinates for a physical location on a map. In this Excel tutorial, you will learn what a geocode is and how to use geocode with 3D Maps.
We can use geocoding along with address details to map data within Excel. Once Excel recognises the address details and applies a geocode, Excel maps this allowing users to see a geographic representation of the data.
The aggregate function is a very useful function in Excel that can perform almost twenty different tasks with ease. It is a function that will return an aggregation in either a database or list. It has the ability to ignore certain areas that the user has chosen.
A bullet chart is a great data visualization tool that can be used to compare the performance of a metric. For example, if you want to compare the sales of two years or to compare the total sales to a target, you can use bullet charts.
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. Before choosing a particular stock for your portfolio, you can check the beta of that particular stock 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: