What is the MINIFS Function? The MINIFS Function is categorized under Excel Statistical functions. It will return the smallest numeric value that meets one or more criteria in a given range of values. In financial analysis, the MINIFS function can be used to extract a minimum numeric value. For example, we can get the minimum…
How to Calculate AVERAGE in Excel? The AVERAGE Function is categorized under Excel Statistical functions. It will return the average value of a given series of numbers in Excel. The function is used to calculate the arithmetic mean of a given set of arguments in Excel. This guide will show you, step-by-step, how to calculate…
Inverse Normal Cumulative Distribution The NORM.S.INV Function is categorized under Excel Statistical functions. It will calculate the inverse normal cumulative distribution for a given probability value. Introduced in MS Excel 2010, the NORM.S.INV function is an updated version of the NORMSINV function. As a financial analyst, the NORM.S.INV is useful in stock market analysis. We…
What is the CELL Function? The CELL Function is an Excel Information function that will extract information about a cell’s location, contents, or formatting. The CELL function takes two arguments, one that determines the type of information to be extracted and the other that is which cell it will be checking. As a financial analyst,…
How to Calculate Standard Normal Distribution The NORM.S.DIST Function is categorized under Excel Statistical functions. It will calculate the Standard Normal Distribution function for a given value. The NORM.S.DIST function can be used to determine the probability that a random variable that is standard normally distributed would be less than 0.5. In financial analysis, NORM.S.DIST…
What is Vega? Vega falls under the series of sensitivity measures called the Greeks. Vega is not a Greek letter; however, it is denoted by the Greek letter nu (ν). The Greeks are measures used to assess derivatives and are often referred to as risk measures, hedge parameters, or risk sensitivities. Vega measures an option’s…
Lognormal Distribution Excel Function The Lognormal Distribution Excel Function is categorized under Excel Statistical functions. It will calculate the cumulative lognormal distribution function at a given value of x. We can use the function to analyze data that‘s been logarithmically transformed. A variable x is log-normally distributed if its natural logarithm is normally distributed. In terms of…
What is the GAUSS Function? The GAUSS Function is categorized under Excel Statistical functions. It will return the probability that a member of a standard normal population will be between the mean and a specified number of standard deviations from the mean. In other words, GAUSS gives us a way to solve a specific case…
Sum of Squared Deviations in Excel The DEVSQ Function is categorized under Excel Statistical functions. It will calculate the sum of the squared deviations from the sample mean. The function, for example, can be used to find the variation in temperatures, blood pressure readings, etc. As a financial analyst, DEVSQ is useful in understanding the…
What is the STDEVPA Function? The STDEVPA Function is categorized under Excel Statistical functions. It will calculate the standard deviation that is based on the entire population given as arguments. The function will ignore logical values and text. As a financial analyst, the STDEVPA function can be used, for example, to calculate deviations in revenue….
