Academic and Professional Comments on ValueCalc
"ValueCalc has enabled my students to attack valuation and hedging exercises that are much more complex than problems I could have posed in the past; our students are now able to absorb concepts more efficiently." Krishna Ramaswamy,
Edward Hopkins, Jr. Professor of Investment Banking,
The Wharton School, University of Pennsylvania
"I have found ValueCalc to be extremely useful."
Rene M. Stulz,
Everett D. Reese Chair of Banking and Monetary Economics, The Ohio State University
"ValueCalc has been a valuable tool for both research and teaching. Having instant access to such a wide range of analytical and graphical programs allows me to be much more productive than would be the case writing my own code in Visual Basic, C or other programming language. For teaching, ValueCalc lets me do examples on the computer in class and assign more sophisticated homework sets, while decreasing the level of frustration students feel when asked to solve difficult problems. I feel that integrating ValueCalc as part of the curricula provides students with a substantially more realistic education in financial derivatives, and an education that increases the chance of their success in landing and excelling in Wall Street positions." Gregory W. Brown, Assistant Professor of Finance,
The University of North Carolina at Chapel Hill
"ValueCalc is an invaluable (no pun intended) resource for the classroom at all levels, undergraduate, graduate, or executive programs, especially masters in business and finance. It reinforces finance theory by quickly solving any financial problem thrown at it. Nor is it a "black box" since each solution window has a self-contained definition of the asset and a brief explanation of how the asset is valued. A sample default problem provides an intuitive way for indicating, for example, how semi-annual coupon payments are specified, and whether the term structure of interest rates to be entered is semi-annually compounded par bond yields or continuously compounded spot rates.
For classroom use, I particularly rely on the strong foreign exchange capabilities of ValueCalc, especially FX options. In its best use, homework assignments can be tailored to ValueCalc. However, I decided to adopt ValueCalc when it quickly and accurately solved the problems in the textbook I was using for International Finance 630 at the University of Miami. Students can turn in their homework assignments and case studies by printing the solution in ValueCalc. The manual also provides case studies that are solved by ValueCalc.
At the School of Business Administration of the University of Miami, we are fortunate to have several multi-media classrooms which can display ValueCalc overhead. It is easily viewed in a classroom of 50 students because of its clean display and judicious use of color. When reviewing a homework assignment or case study, I ask students from the classroom to come to the front to solve the problem with ValueCalc displaying overhead, then to explain the solution and entertain "what if" questions that might modify the result. This gives them a great deal of self-confidence and motivates them. In my executive education course (International Finance 630 at the Siemens Corporation), I bring a laptop that connects by cable to a Proxima which projects overhead in the training room. The executives and managers particularly enjoy the "hands-on" approach of ValueCalc, and quickly become adept at its use." Michael Connolly, Chairman, Department of Economics, University of Miami
"ValueCalc represents a major advance in software for modeling interest rate and foreign exchange risk for the portfolio investor. There's nothing comparable at its price point." Jeff Hooke, Senior Investment Executive, The World Bank
"ValueCalc offers the best capability for classroom work with interest-rate and exotic derivatives of any software in the student price range. It's a professional/commercial-style package for the academic market. I am very impressed with FinSoft's continuous effort to add new valuation and risk management features in order to stay abreast of new products and techniques." James V. Jordan, Professor of Finance, School of Business and Public Management, The George Washington University
"ValueCalc is very intuitive, powerful and affordable. It has been of great assistance in our energy risk management consulting business." Dr. Edward N. Krapels, President, ESAI
"ValueCalc offers an impressive array of analytical screens and Excel add-in functions which many finance professionals will find very useful." Robert R. Levine, Vice President and Treasurer, Sallie Mae
"ValueCalc offers a powerful set of analytical and graphing functions." Miles Livingston, Professor of Finance, School of Business, University of Florida
"ValueCalc's easy-to-use software, graphics, and simulation programs allow state of the art valuation and credit risk analysis. Combined with clear technical notes and case studies it will find application in a wide range of courses. ValueCalc is an exceptional value." Robert Mackay, Professor of Finance; Director, Futures and Options Center, Virginia Tech
"ValueCalc makes complex calculations regarding derivative instruments accessible even to casual students. It greatly expands the range of examples and problems instructors can successfully employ in a variety of courses." Steven Manaster, Professor of Finance, director futures and Options Center, Virginia Tech
"ValueCalc makes complex calculations regarding derivative instruments accessible even to casual students. It greatly expands the range of examples and problems instructors can successfully employ in a variety of courses." Steven Manaster, Professor of Finance, Associate Dean, Eccles School of Business, University of Utah.
"ValueCalc provides an independent method of checking security valuations produced by our Financial Risk Management Department. It has been of great value to Internal Audit in meeting its oversight role." David Martens, CPA, Director of Internal Audit, Federal Home Loan Bank of San Francisco
"In the modern world of finance, a full understanding of various financial products and processes is a requirement. ValueCalc provides students with the necessary introduction to important financial engineering concepts. I believe that it will become a 'recognized' tool in investment analysis and education." Thomas Schneeweis, Professor of Finance, Director-Center for International Security & Derivative Markets, University of Massachusetts
"ValueCalc offers a very long list of computational functions for the study of derivative instruments and debt. I especially appreciate the ability to analyze interest rate options. The package is quite easy to use and the cost is much less than commercial packages I have seen. Every finance professor researching and teaching in the areas of derivatives and debt instruments should consider purchase of ValueCalc." Duane Stock, Professor of Finance, College of Business, University of Oklahoma