Deep Dive: CFA® Level I Prep 2026

Link single‑asset stats to the whole basket: compute portfolio expectedreturn, variance, covariance matrix, correlation, and shortfall risk—withstep‑by‑step examples.

Turn uncertainty into pictures: expected value, variance, probability trees,total‑probability rule, and Bayes’ formula for updating forecasts when newdata arrive.

Build your stats toolkit: mean, median, mode, quantiles, variance, standarddeviation, skew, kurtosis—plus an intro to covariance and correlation—so youcan summarise any return distribution with confidence.

The heartbeat of valuation. What we cover: Present vs. future value with any compounding frequency Solving bond YTM & equity growth from TVM equations Spot & forward rate links that kill trick questions fast Finish knowing exactly when to reach for your BA II Plus vs. the exam tables.

Quick Hit: Get crystal‑clear on how return is measured and why interest rates drive asset pricing. In 20 minutes you’ll: Contrast required , discount & opportunity‑cost rates Build a nominal rate from real Rf + inflation + risk premia Master HPR, arithmetic vs. geometric mean & money‑ vs. time‑weighted return No fluff—just the formulas, shortcuts & exam‑day traps you need.