Getting started with… Bloomberg - Masarykova univerzitamrezac/Bloomberg/bloomberg-guide.pdf · Getting started with… Bloomberg D‐CAF Office, Aarhus University 3 1. Introduction

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Gettingstartedwith…

Bloomberg

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ContentVersionandFeedback .................................................................................................................................... 2

1. Introduction............................................................................................................................................ 3

2. GettingAccess ........................................................................................................................................ 3

3. DataSearch ............................................................................................................................................ 4

4. DataExtraction ....................................................................................................................................... 7

5. Examples ................................................................................................................................................ 8

S&P500............................................................................................................................................................... 9

USGDPGrowth ................................................................................................................................................. 11

VersionandFeedbackThis guide is basedonThe latest Version of Bloomberg on February 3 2011. The guidewas last updatedonFebruary122011.

Any feedback is greatly appreciated and can be sent to dbsupport@econ.au.dk. For further questions or

support, feel free to visit the D‐CAF office at the School of Economics andManagement, Aarhus University(room312,building1323).

TheBloombergterminalscanbeaccessedonthecomputersintheGlasscageonthe2ndfloorofbuilding1327.

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1. IntroductionThefollowingguidewilldescribethecorefeaturesofBloombergandshouldproveusefulasasteppingstonetogettingstartedwiththeBloombergdatabase.

Bloombergisaveryusefuldatabaseformanypurposes,inparticularforgatheringrealtimetimeseriesdataasBloomberg isa financialservicesystemthatprovides24‐hourscurrentandaccuratefinancial,economic,and

governmentinformation,coveringallmarketsectorsworldwide.Italsofeaturesanalytics,companyfinancials,currentnewsreports,statisticsandhistoricalmarketdataapproximatelythirtyyearsback.

The purpose of this guide is to give a basic introduction to Bloomberg, including the custom Bloombergkeyboard,thebasicprinciplesofdatasearchandhowtoextractdatausingtheExcel‐Add.

For intermediary and advanced users, no in‐depth documentation of Bloomberg exists due to Bloomberg

policy,butforbeginnersthefollowingadditionalcouldprovehelpful:

• Princeton :Bloomberg:GetStartedo ThismanualofBloombergwillserveasasupplementothisandwillhelpyouunderstandhow

informationisorganizedintheBloombergsystem,particularlykeyboardandmenustructure.

http://firestone.princeton.edu/econlib/blp/docs/Bloomberggetstarted.pdf• Princeton :GuidetoTickers

o ThismanualgivesaveryspecificdescriptionofhowtoidentifyTickersinBloomberg.

http://firestone.princeton.edu/econlib/blp/docs/Bloomberggetstarted.pdf• Stanford :DatabaseGuide

o Thisguide is intendedtoprovideabrief introductiontotheBloombergsystem. Includingthe

custom Bloomberg Keyboard as well as the basic function keys. This guide is a little moreadvancesthantheabove.

• Leigh :BloombergBasicManual

o ThismanualgoesthroughthegeneralsetupofBloombergincludingahistoricalintroduction.o Themainadvantageothismanualisaindepthdescriptionofhowtoanalyzedifferentwithin

differentcategories.

o http://firestone.princeton.edu/econlib/blp/docs/bloombergmanuallehighuniversity.pdf

2. GettingAccessOpentheBloombergterminalbytheicononthedesktops.FourScreenswillappearbydefault.

Tologinyouwillhavetopushthered<PauseBreak>keyandthentypeinusernameandpasswordandpressthegreen<GO>keyas itappearsbelow.Togetusernameandpassword,pleasecontact theD‐CAFoffice in

room312,building1323orbyemaildbsupport@econ.au.dk

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TheKeyboardlooksdifferentfromanordinaryonethemaindifferencesarethethreecolorsofthekeys

Yellow:Theserefertospecificmarkets,e.g.commodities,equity,etc.

Green: Theseareactionkeysandallowyoutomovethroughoutthesystem.

Red: Thisonekeyisusedtologinand–outandresetascreen.

3. DataSearchInBloomberganydataisidentifiesbyTickerswhichareuniquereferences.ThedatasearchinBloombergisthusmerelyaquestionoffindingtherightticker,butasthetickersonlyhavealittledegreeafsystematicsthiscanbealittletricky.

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Themostreliablewayoffindingthetickeristopresstheyellowkeyinlinewiththedatayouareinterestedin

e.g.Equity,then<GO>.Thisresultinageneraloverviewofequityfunctions.Under1)FindingEquitiesonewillfindTKTickerLookup.EitherclickthisorpressTK<GO>thenyouwillbeaskedtoenterPartialIssuerNamewhich is simply the name of the equity in question <GO>. Now a list of different datatypes will appear,

includinghitnumber.

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Anotherpossibilityisusingthe<HELP>key.Thiscanbedoneinthreeways:

I. YoucanmakeyourPartialIssuerNamefollowedby<HELP>.Thisisalessaccuratewayofdoingtheabove,andforveryspecificsearches,thismightnotgivethewantedresult.

II. Alternativelyyoucanstartbypressing<HELP>andthensortofclickingyourwaythrough.

III. Atlastitisapossibilitytopress<HELP><HELP>.Bydoingthisyouwillbeputthroughtoaonline24‐hour customer support representative. This shouldonly bedone inVERYurgent situations,whichisneverduringadatasearch.

Thelastandmostrandomsearchoptionistotypeinthee.g.companynameinthesearchbarandhopeforthe

best.Thiswillonlyworkincaseofaverygeneraldataseries.

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4. DataExtractionThewaytoextractthedatafromBloombergwhentheTickerisknownisinExcelbytheBloombergAdd‐in.The

Add‐inisapowerfultoolthatdeliversthedatadirectlyintoaspreadsheetforcustomanalysisandcalculations.TheExcelAdd‐infunctionalityisavailableinExcelfromtheBloombergmenuitemonthetopmenubar.

IfyoudonotseetheBloomberginthetopmenubarinExcel,installitbythefollowingsteps:

1. ClickStart>AllPrograms>Bloomberg>InstallExcelAdd‐in.2. Inthepop‐upwindowclickInstall.

3. ReopenExcel.ThentheBloombergtabshouldappearinthetopmenu.

The Wizards in the Bloomberg menu provide a guided process to draw data from Bloomberg into aspreadsheet.ThemostcommonlyusedareImportDataandFundamentalsAnanlysis.

• ImportDataWizardo Thisenablesyoutoretrieveanynumberofindividualseries.Ifyouclicktheiconinthetoolbar

youarepresentedwiththefouroptionsofdatatypes

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o WhenthewizardasksforasearchtexttheningeneraloneshouldsearchforPX_LAST,whichwillmostoftengivethecorrectvalueofanyseriesevenifitisnotactuallyaprice.

o It isalwaysagood idea tovalidate thedatabyusingHP (HistoricalPrices) in theBloomberg

program.

• FundamentalsAnalysisWizard

o Thiswizardenablesyou to retrieveBloomberg fundamentalsanalysispre‐defined templates,suchasBalanceSheets,CashFlowsetc.

Note:Thefirstdatacell inthespreadsheetwillcontainacommandfunction,whichwilldefinetherequestedseries.Ifthiscommandischangedorupdatesthenthedatawillupdateaccordingly.

5. ExamplesInthissectiontwoexampleswillhopefullyproveusefulingettingstartedwithgettingbasicdata.FirstwewilltakealookatthedailydataontheS&P500indexandthereafteratquarterlydataontheUnitedStatesGDPgrowth.

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S&P500

Asit isdescribedaboveitshouldbestraightforwardtoidentifythetickeroftheS&P500indexasSPXIndexThistickerwillleadyoutothefollowingoverviewoffunctions

To Extract the daily data for the index you have to choose theHistorical End of Daywizard in Excel underImportData.

InthisExamplewewouldliketogetthedailybidpriceandtheclosingpriceoftheindexonedayago.Thisstep

bystepprocedurewouldlooklikethis

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<Finish>

Thiswayyouwillgettherequesteddatainthefollowingform

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USGDPGrowthInthisexampleitisnotasstraightforwardtoidentifytheTicker.Tofindthetickerofanyeconomicseriesitis

veryusefultousethefunctionWECOthatisaneconomiccalendarwithpublicationsofmacrodataformostoftheworld.

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As it isdata for theUnitedStatesweare looking for, type21<GO>to finda listofeconomicreleasesofUS

data.

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FromhereitshouldbepossibletoidentifytheEventGDPQoQ(Annulalized)astherelevantdata.Ifyouclick

thiseventyouwillbedirectedtoapagewithanoverviewofthedataincludingtheTickerGDPCQOQ.

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Nowyoucanget thedata inExcelas in thecaseof theS&P500 index, i.e. through the ImportDataWizardchoosingHistoricalEndofDay.Below this isdepicted stepby step.Note that ingeneralwhensearching foreconomicdataoneshouldchoosePX_LASTinthedatafield.

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<Finish>.Thiswillresultinthefollowingspreadsheet

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