Bloomberg Tutorial Edited

Introductory Bloomberg Training

• Created by:• Jory J. McCuskey• [email protected]

• Edited by:• Billy Prather

mailto:[email protected]

Tutorial Outline

• Keyboard and Navigation– Getting Started

• Equity Functions• Debt Functions• Option Functions• News Functions• Conclusion

– Data Export

The Keyboard: Overview

• Command Structure– Identifier (Ticker Symbol)– Market Sector (Yellow keys)

• ex. F8 or Equity

– Function (Bloomberg listed code)• ex. FA for Financial Analysis

– Example: DELL equity FA

• Navigation:– MENU

• Returns you to previous page

– PAGE BACK/ PAGE UP• Scrolls through multipage documents

– HELP• Keyword search

The Keyboard: Continued

• Rules of thumb:– Green = Go– Red = Stop– Yellow = Information– All yellow boxes are adjustable inputs

The Keyboard: Continued

Log Into Bloomberg Terminal

Step 1: Press CONN DFLT button on

top right side of keyboard

Step 2: Log in using credentials printed

on keyboard or monitor

Step 1: Press the EQUITY F8 key

then press GO (enter)

The Equities Page

Note: This page is your main resource for all equity related functions

Functions Covered: TK, QSRC, MA

Search Functions: Equities

Equity Search Functions: TK

Where am I? <Equity> TK <GO>

• Overview:

– Quickly search for equities by partial issuer name


Ticker Country CodeCompany Name


Now Try This!Using the TK Equity Search Function

• Instructions:– Think of a U.S. company who’s ticker you

don’t know and use the TK function to find its Equity page

QSRC: Equity Search

1. Select the search you wish to RUN or EDIT

2. Choose from the available options

QSRC: Equity SearchEditing Search Criteria

Customized Equity Search Functions: QSRC

• Overview– Generates a list of equity securities based on a set of criteria you select such as:

• Country, state, exchange, security type, index, industry group and a variety of numerical values such as Gross profit margin

– Quickly screen for opportunities based on fundamental and technical data– To access type: QSRC <GO>

Where am I? <Equity> QSRC <GO>

Customized Equity Search Functions: QSRCInteractive Example


• Overview:

– Create a search that finds all U.S. Investment banks larger than $500Mln



1) Give the search a name (ex: BIGGEST INV-BANKS) (press <GO> to save)

2) Select a search field

Customized Equity Search Functions: QSRCFeatures


1) Type “Market Cap” in the ‘Search All Fields’ box and press <GO>

2) Select option 21) Currency Adj MktCap Last Close

3) Set the minimum for Currency Adj MktCap to $500Mln

4) Select option 19) Industry Groups

Customized Equity Search Functions: QSRCFeatures


1) Select 8) Financial

2) Select 25) Diversified Finan Serv

3) Select 28) Investment Bnkr/Brkr

4) Press <MENU> twice (note: 1 Industry Group has been selected)



1) Click Edit, Search Display

2) Click ‘Select display field’, type Market Cap, select Currency Adj MktCap

3) Type 4 in the orange box next to Currency Adj MktCap

4) Set 1st Sort Column to 4, and 2 for Descending Order, then 1 <GO> to view results



1) Press <PAGE FWD> / <PAGE BACK> to scroll through results

2) Click on a company to view description, price graph, corporate action or news pages

Equity Search Functions: MA

Where am I? <Equity> MA <GO>

• Overview

– Provides coverage on global merger and acquisition activity

– Use standardized deal search or create a customized search

– View M&A legal and financial league tables as well as comprehensive global M&A statistics

– To access type: MA <GO>

Equity Search Functions: MA 1) M&A Search

Where am I? <Equity> MA <GO> , 1 <GO>

• Overview

– Quick Company Search allows you to search by company name or ticker

– Standard Categories allow you to view results from predefined searches

– Custom Search provides customizable search categories so you can define specific criteria for displaying transactions

Equity Search Functions: MAInteractive Example: M&A Custom Search


Equity Search Functions: MA7) M&A League Tables


Equity Search Functions: MA8) M&A Statistics


Now Try This!Using the M&A Search Functions

• Instructions:– Create an M&A Custom search for all U.S. M&A deals:

• In 2003• In the Real Estate Industry• By Goldman Sachs

– Using the M&A League Tables function, compare market share for Real Estate related transactions North America among both financial and legal advisors

– Using the M&A Statistics function, find the average premium paid for Real Estate related M&A transactions in March 04. How does this premium compare with the average premium paid across the world?

Search Functions: UNDWCustom Underwriter Rankings: ex: IPOs

Where am I? <Equity> UNDW <GO>

Search Functions: LEAG

Where am I? LEAG <GO>

Now Try This!Using the LEAG or UNDW Search Functions

• Instructions:– See who leads the League Tables for U.S. High-

yield Debt– Create a custom search for all IPOs in the US– Who leads the league tables for Canadian

Government Debt?

Equity Markets Functions

• Functions to be covered:– WEI: World Equity Markets view– LVI: Largest Volume Increases– WPE: World PE– WEIS: World Equity Ranked Returns– NN: Equity News Search Category– EMI: Equity Market Indicators– IMOV: Index Movers– MOST: Most Active– EMTK: Equity Market Ticker– CSDR: Sovereign Debt Ratings

Where am I? QSRC <GO>

Equity Markets FunctionsWEI: World Equity Markets View

Where am I? <Equity> WEI <GO>

Equity Markets FunctionsLVI: Largest Volume Increases

Where am I? <Equity> LVI <GO>

Equity Markets FunctionsLVI: Largest Volume Increases

Where am I? <Equity> LVI <GO>

Equity Markets FunctionsWPE: World PE

Where am I? <Equity> WPE <GO>

Equity Markets Functions WEIS: World Equity Ranked Returns

Where am I? <Equity> WEIS <GO>







Equity Markets Functions NN: Equity News Search Category

Where am I? <Equity> NN <GO>

Equity Markets Functions NN: Equity News Search Category

Where am I? <Equity> NN <GO> 36 <GO>

Equity Markets Functions EMI: Equity Market Indicators

Where am I? <Equity> EMI <GO>


Where am I? <Equity> EMI <GO> 31 <GO>





Equity Markets FunctionsIMOV


Equity Markets FunctionsMOST


Equity Markets Functions EMTK: Equity Market Ticker

Where am I? <Equity> EMTK <GO>


Where am I? <Equity> EMTK <GO> 11 <GO>


Where am I? <Equity> EMTK <GO> 11 <GO> 11 <GO>

CSDR: Sovereign Debt Ratings

Where am I? CSDR <GO>

CSDR: Sovereign Debt Ratings

Where am I? CSDR <GO> 1 <GO>

Multiple Security Analytics Functions

• Useful functions to explore:– HMS: 4-in-1 Price Graph– MRA: Multiple Regression Analysis– CORR: Correlation Matrix

Price Graphing Functions

• Useful functions to explore:– HP: Historical Price Table– GIP: Intraday Price Graph– GPO: Price & Volume Graph w/ Moving Avg.

Financial Analysis Functions

• Functions covered:– FA: Financial Analysis– DVD: Dividend Summary (not shown)– CF: Company Filings (not shown)


Where am I? <Ticker> <Equity> 9<GO>


Where am I? <Ticker> <Equity> FA<GO>


Where am I? <Ticker> <Equity> FA<GO> 9 <GO>

Valuation, Risk & Return Functions

• Functions covered:– RV: Relative Value– DDM: Dividend Discount Model– WACC: Weighted Average Cost of Capital– BETA: Beta Calculations– COMP: Comparative Return Analysis– EQRP: Equity Risk Premium (CAPM)– CRP: Country Risk Premium

Valuation, Risk & Return FunctionsRV: Relative Value

Where am I? <Ticker> <Equity> RV <GO>

Valuation, Risk & Return FunctionsDDM: Dividend Discount Model

Where am I? <Ticker> <Equity> DDM <GO>

Valuation, Risk & Return FunctionsWACC: Weighted Average Cost of Capital

Where am I? <Ticker> <Equity> WACC <GO>

Valuation, Risk & Return FunctionsBETA: Beta Calculation

Where am I? <Ticker> <Equity> BETA <GO>

• You can change several inputs– Date Range– Frequency

• Make sure you have enough data points– Otherwise your Beta will be inaccurate

• Most professors use Adjusted Beta

Valuation, Risk & Return Functions

BETA: Notes

Valuation, Risk & Return FunctionsCOMP: Comparative Returns

Where am I? <Ticker> <Equity> COMP <GO>

Valuation, Risk & Return FunctionsEQRP: Equity Risk Premium (CAPM)

• Inputs– Expected Market Return– Risk Free Rate

• Rate on current 10-yr Treasury Bonds

– Applied Beta

• Country Premium (CRP)– Market Premium

• Market return – Risk free rate

Valuation, Risk & Return FunctionsEQRP: Equity Risk Premium (CAPM) Notes

Valuation, Risk & Return FunctionsCRP: Country Risk Premium (Market Premium)

Earnings Functions Functions

• Functions covered:– EE: Earnings Estimates– EEG: Earnings Estimate Graph– ERN: Earnings Summary (not shown)

Earnings Functions FunctionsEE: Earnings Estimates

Where am I? <Ticker> <Equity> EE <GO>

• Inputs– Type of Estimate

• Revenue etc.

– Currency– Time Period

• Usually the larger the company the more types of estimates our available

Earnings Functions FunctionsEE: Earnings Estimates Notes

Earnings Functions FunctionsEEG: Earnings Estimate Graph

Where am I? <Ticker> <Equity> EEG <GO>

Other Functions

• Functions covered:– AIRS: Airline Statistics– HDS: Holdings Search– CACS: Corporate Action Calender– CACT: Corporate Action Global– ACDR: Earnings Announcement Calender– RELS: Related Securities

Other FunctionsAIRS: Airline Statistics

– Displays air travel statistics by the U.S. Department of Transportation Information

– Statistics include: On Time Arrivals, Mishandled Baggage Consumer Complaints,and Passenger Traffic

– Value is the number per 100,000 passengers– Sort or view a graph of each statistic over

time

Where am I? AIRS <GO>

Other Functions

AIRS: Airline Statistics

Where am I? AIRS <GO>

Other FunctionsHDS: Holdings Search

Where am I? CMCSK <EQUITY> HDS <GO>

Other FunctionsCACS: Corporate Action Calendar

• Overview– Displays a list of corporate actions taken by a company over a date range– Customize the date type (effective, announcement), action type

(acquisition, dividend, shareholder meeting) and date range

Where am I? <Ticker> <EQUITY> CACS <GO>

Other FunctionsCACT: Corporate Action Global


• Inputs– Date Range– Corporate Action Type

• 4 pages of action types

– Company Name– Country


Other FunctionsACDR: Earnings Announcement Calendar

• Overview– ACDR displays earnings estimates and announcement dates for

companies in a specified country or region– Use to compare actual with estimated earnings

Where am I? <EQUITY> ACDR <GO>

Other FunctionsRELS: Related Securities

• Overview– RELS allows you to quickly find all equity and debt securities

issued by a company as well as brands, subsidiaries, people, news, major physical assets such as power plants or pipelines

Where am I? <Ticker> <EQUITY> RELS <GO>

Debt FunctionsGovernment Securities (F2)

Debt FunctionsGovernment Securities: Lookup (TK)

Debt FunctionsLookup: TK (continued)



Debt FunctionsYield Curve Spread: FMCS

Debt FunctionsYield Curve Spread: FMCS (continued)



Debt FunctionsCorporate Bonds (F3)

Debt FunctionsCorporate Bonds: Lookup TK

Debt FunctionsCorporate Bonds: Lookup TK (continued)



Option FunctionsIntroduction

• Option Functions are under Equity (F8) Market Sector– OMON: Option Monitor– CALL: List of Calls– PUT: List of Puts– Other functions (not shown)

• GP: Price Graph• HP: Historical Price• DES: Description

Option FunctionsOMON: Option Monitor

Click and hold to see menu for a specific option

Option FunctionsCALL: List of Calls

Option FunctionsPUTS: List of Puts

News Functions

• Functions covered:– N Main News Menu

News Functions

Where am I? N <GO>

News Functions: TNI

Where am I? TNI <GO>

News Functions: TNI

Where am I? TNI <GO>

Economic Functions

• Functions (Not Shown):– ECST: Economic Statistics– IBQ: Industry Overview– CBQ: Country Overview

The Help Function

- As a search function- <Keyword> <HELP>

- For instructions and Definitions

- <HELP>

Data Export

• – Print Screen (Action Menu)– Send Screen (Action Menu)

• Screen capture sent to your email

• Excel Download– You can cut and paste non-menu pages

• The data will need to be reformatted• use Ctrl-C (Cut) and Ctrl-V (paste)

– There is no direct Excel Download

Questions?

Documents

Bloomberg Tutorial Edited