Minutes 1/18/2017

·      Attendance: Bianca Yang, Brian Deng, Dylan Azzam, Jim Zhang, Chloe Hsu, Jenia Mozgunov, SK Sharma, Eric Zhao (8)

·      Eric Zhao presented on natural language processing and applications for finance (see below for presentation materials)

Message from Eric Zhao regarding presentation materials: 

Hello everybody,
If you attended this Wednesday's talk on NLP/NLU fundamentals and would like to review the notes or experiment with the demo code yourself, I attached a .zip with the Jupyter notebook from the presentation. If you want to be able to run the demo code yourself, there are a few steps you'd need to take.

1st - Install everything that I list in quantPrez/README
2nd - Install and launch the CoreNLP library (stanfordnlp.github.io/CoreNLP/)
3rd - Run the Jupyter notebook

If you have any questions or you're interested in talking/working on NLU and ML apps, for SIF or otherwise, feel free to shoot me an email at elzhao@caltech.edu.
Eric Zhao

Please download presentation materials here: https://drive.google.com/open?id=0B2uGA398Nl1-OWs3RlJ5NW03V1U

Minutes 1/12/2017

Attendance: Bianca Yang, Dylan Azzam, Ruchi Pandya, Noelle David, Chloe Hsu, Jingjing Jiang, Akshay Srivastava, Jenia Mozgunov, King Jim, Brian Deng (10)

·      Show SIF “Value” Projects (10 Prompts)

·      Show Bylaws and send to every member (updated on 12/22/2016) – highlight edited parts

·      Dylan updated bylaws and amendments

·      PASSED.

·      Value Projects: similar to BEM 107

·      Show SIF “Quant” Projects (5 Prompts)

·      Introduce current portfolio in SigFig ($635,526) underperforming S&P 500 starting from June 2016 (liquidate a lot of cash)

o   Only appreciated +11.11% in value within 1 year

o   Beta: 0.4

o   Trading fees: $311; mutual fund fees: $0; ETF fees: $0; advisor fees: $0; other fees: $2

o   Dividends and yield: 2.5% annual yield

§  $2.8K, $1.8K, $0, $0, $1.5K from Q2 2016 to Q2 2017

o   34 trades

o   29.8% portfolio turnover

o   P/E: 19

o   P/B: 3.7

o   ROA: 12.8%

o   ROE: 29.7%

o   EV/EBITDA: 12.8

·      Dylan lectured about money multiplier and money supply

o   Assets and liabilities table: example Bank of America $10K deposit

o   Cycles for deposits and loans

·      Discussed Snapchat IPO Announcement, will happen in 2017

o   Discussed reasons a company would go IPO