Qlik Sense Financial Functions

Last updated on Nov 15 2021
Deepak Gupta

Table of Contents

Qlik Sense Financial Functions

BlackAndSchole() function

The Black and schole function evaluates parameters utilized in the function consistent with the Black and Schole formula which is so formulated that it calculates the variation in financial instruments like stocks, over a particular period of your time . The result’s calculated using six variables which are the strike, time left, underlying price, volatility, risk-free rate, and type. This function returns a numeric value.

The syntax of BlackAndSchole Function:

1. BlackAndSchole(strike , time_left , underlying_price , vol , risk_free_rate , type)

The parameters or variables are described below, and that they are beat the context of stock prices. Also, certain things must be kept in mind that’s the values of the strike, time_left, and underlying_price must be greater than zero and therefore the values of vol and risk_free_rate must be either but zero or greater than zero.

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• strike – it’s the longer term price of the stock.
• time_left – it’s the amount of your time periods remaining available validity.
• underlying_price – it’s the present value of the stock.
• vol – this is often for Volatility of the stock price expressed as a percentage in decimal form, per period of time .
• risk_free_rate – Is represents the risk-free rate expressed as a percentage in decimal form, per period of time .
• call_or_put – There are two sort of options that you simply can choose between . the primary is ‘c’, ‘call’ or any non-zero numeric value for call options and second is ‘p’, ‘put’ or 0 for put options.

For example,

1. BlackAndSchole(130, 4, 68.5, 0.4, 0.04, ‘call’)

Returns the worth 11.245 which is that the price for the choice given to shop for a share. If we translate this formula, we’ll determine that the present price of that share is 68.5 and it’ll increase to 130 in 4 years’ time. The volatility is at 40% per annum and therefore the risk-free rate of interest is taken as 4%.

ii. FV() Function in Qlik Sense

The FV stands for future value and this function returns the longer term value of an investment supported payments made as monthly installments, for a hard and fast period of your time , on a hard and fast rate of interest.

The syntax of Qlik Sense FV Function:

1. FV(rate, nper, pmt [ ,pv [ , type ] ])

Where the speed is that the rate of interest per period.

nper is that the total number of installments or payment periods fixed annually.

pmt is that the amount due for an installment for every payment period. This value always a negative number because the cash is debited.

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pv is that the present value is that the total or sum of the quantity that’s yet to be paid. If you are doing not mention this within the expression, then the worth is taken as 0.

Type is sort of payment cycle i.e. 0 is employed if the payments are to be made at the top of the month or 1 if the payments are made at the beginning of the month. By default, it’s assail 0.

For example,

1. FV(0.005,36,-20)

Returns $786.72, because the code given above asks for the longer term value or total invested money when 36 monthly installments are to be made worth $20 for an item purchased. the speed of interest is 6% once a year . The payments are due at the top of each month.

iii. nPer() function

This function returns the amount of months or payments fixed to pay a decided amount annually.

The syntax of Qlik Sense nPer Function:

1. nPer(rate, pmt, pv [ ,fv [ , type ] ])

Where rate is that the rate of interest on the entire amount.

pmt is that the is that the payment made in each period or monthly (if so). the cash that’s given is usually represented as a negative value.

pv is that the present value is that the total amount which is yet to be paid. This value is about to 0 by default.
fv is that the future value i.e. the cash balance left after the last payment has been made. The fv is about to be at 0 by default, you’ll change it accordingly.

type is about to be 0 if the payments are to be at the top of the month or 1 if they’re to be made at the beginning of the month.

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For example,

1. nPer(0.005,-20,0,800)

This expression will return the worth 36.56 because the number of periods for payments that are required for the quantity to equal $800 after the payment of the last bill. The instalment for every month is $20 at the rate of interest of 6% once a year .

iv. Pmt() function

This function returns the quantity of cash to be paid in each instalment for a hard and fast number of period(nPer). This function always returns a negative value as money here is been given and not received.

The syntax of Qlik Sense pmt Function:

1. Pmt(rate, nper, pv [ ,fv [ , type ] ])

Where, rate is that the rate of interest on the entire amount.

nper is that the total number of periods fixed to pay the entire amount in.

pv is that the present value is that the total amount which is yet to be paid. This value is about to 0 by default.
fv is that the future value i.e. the cash balance left after the last payment has been made. The fv is about to be at 0 by default, you’ll change it accordingly.

type is about to be 0 if the payments are to be at the top of the month or 1 if they’re to be made at the beginning of the month.

For instance,

1. nPer(0.005,36,0,790)

This expression will return -20, which is that the amount to be paid because the instalment of every period for 36 months. the entire amount must be, $790 and therefore the rate of interest is 6%.

v. PV() function

This function returns this value of the investment, i.e. the quantity which remains be paid to form the entire payment.

Have a glance at Qlik Sense Treemap visualization

The syntax of Qlik Sense PV Function:

1. PV(rate, nper, pmt [ ,fv [ , type ] ])

Where, rate is that the rate of interest on the entire amount.

nper is that the total number of periods fixed to pay the entire amount in.

pmt is that the is that the payment made in each period or monthly (if so). the cash that’s given is usually represented as a negative value.

fv is that the future value i.e. the cash balance left after the last payment has been made. The fv is about to be at 0 by default, you’ll change it accordingly.

type is about to be 0 if the payments are to be at the top of the month or 1 if they’re to be made at the beginning of the month.

For example,

1. PV(0.07/12,12*5,-100,0,0)

Returns $5,050.20 because the present value of debt left once you need to pay $100 at the top of every month during a period of 5 years, with the speed of interest being 7%.

vi. Rate() function

The rate() function returns the speed of interest upon which an amount of payment is set to be paid during a fixed amount of your time . The format for this function is fixed as a worth having two decimal points and an interesting sign.

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The syntax of Qlik Sense Rate Function:

1. Rate(nper, pmt , pv [ ,fv [ , type ] ])

Where, nper is that the total number of periods fixed to pay the entire amount in.

pmt is that the is that the payment made in each period or monthly (if so). the cash that’s given is usually represented as a negative value.

pv is that the present value is that the total amount which is yet to be paid. This value is about to 0 by default.

fv is that the future value i.e. the cash balance left after the last payment has been made. The fv is about to be at 0 by default, you’ll change it accordingly.

type is about to be 0 if the payments are to be at the top of the month or 1 if they’re to be made at the beginning of the month.

For example,

1. Rate(60,-300,10000)

This expression will return 2.00% because the rate of interest of a 5-year loan of $10,000 having monthly installments worth $300.

So, this brings us to the end of blog. This Tecklearn ‘Qlik Sense Financial Functions’ blog helps you with commonly asked questions if you are looking out for a job in Qlik Sense BI. If you wish to learn Qlik Sense and build a career in Business Intelligence domain, then check out our interactive, Qlik Sense Certification Training, that comes with 24*7 support to guide you throughout your learning period. Please find the link for course details:

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