Bloomberg Tutorial Edited

Introductory Bloomberg Training
• Created by:
• Jory J. McCuskey
• jjmccuskey@hotmail.com
• Edited by:
• Billy Prather
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
The Keyboard: Continued
• 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
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
The Equities Page
Step 1: Press the EQUITY F8 key
then press GO (enter)
Note: This page is your main resource for all equity related functions
Search Functions: Equities
Functions Covered: TK, QSRC, MA

Equity Search Functions: TK
• Overview:
– Quickly search for equities by partial issuer name
Where am I? <Equity> TK <GO>

Company Name Ticker Country Code

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 Search
Editing 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>

Interactive Example
• Overview:
– Create a search that finds all U.S. Investment banks larger than $500Mln

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

Features
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

Features
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)

Interactive Example
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

Interactive Example
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
• 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>
Where am I? <Equity> MA <GO>

1) M&A Search
• 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
Where am I? <Equity> MA <GO> , 1 <GO>

Interactive Example: M&A Custom Search

7) M&A League Tables

8) 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: UNDW
Custom 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>

WEI: World Equity Markets View
Where am I? <Equity> WEI <GO>

LVI: Largest Volume Increases
Where am I? <Equity> LVI <GO>

LVI: Largest Volume Increases
Where am I? <Equity> LVI <GO>

WPE: World PE
Where am I? <Equity> WPE <GO>

WEIS: World Equity Ranked Returns
Where am I? <Equity> WEIS <GO>




NN: Equity News Search Category
Where am I? <Equity> NN <GO>

NN: Equity News Search Category
Where am I? <Equity> NN <GO> 36 <GO>

EMI: Equity Market Indicators
Where am I? <Equity> EMI <GO>

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



IMOV

MOST

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
– 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
RV: Relative Value
Where am I? <Ticker> <Equity> RV <GO>

DDM: Dividend Discount Model
Where am I? <Ticker> <Equity> DDM <GO>

WACC: Weighted Average Cost of Capital
Where am I? <Ticker> <Equity> WACC <GO>

BETA: Beta Calculation
Where am I? <Ticker> <Equity> BETA <GO>

BETA: Notes
• 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
COMP: Comparative Returns
Where am I? <Ticker> <Equity> COMP <GO>

EQRP: Equity Risk Premium (CAPM)
EQRP: Equity Risk Premium (CAPM) Notes
• 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
CRP: Country Risk Premium (Market Premium)
Earnings Functions Functions
– EE: Earnings Estimates
– EEG: Earnings Estimate Graph
– ERN: Earnings Summary (not shown)
EE: Earnings Estimates
Where am I? <Ticker> <Equity> EE <GO>

EE: Earnings Estimates Notes
• Inputs
– Type of Estimate
• Revenue etc.
– Currency
– Time Period
• Usually the larger the company the more
types of estimates our available
EEG: Earnings Estimate Graph
Where am I? <Ticker> <Equity> EEG <GO>

Other Functions
– AIRS: Airline Statistics
– HDS: Holdings Search
– CACS: Corporate Action Calender
– CACT: Corporate Action Global
– ACDR: Earnings Announcement Calender
– RELS: Related Securities
Other Functions
AIRS: 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 Functions
HDS: Holdings Search
Where am I? CMCSK <EQUITY> HDS <GO>

Other Functions
CACS: 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 Functions
CACT: Corporate Action Global
Other Functions
Other Functions
• Inputs
– Date Range
– Corporate Action Type
• 4 pages of action types
– Company Name
– Country
Other Functions
ACDR: 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 Functions
RELS: 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 Functions
Government Securities (F2)
Debt Functions
Government Securities: Lookup (TK)
Debt Functions
Lookup: TK (continued)
Debt Functions
Debt Functions
Debt Functions
Yield Curve Spread: FMCS
Debt Functions
Yield Curve Spread: FMCS (continued)
Debt Functions
Debt Functions
Debt Functions
Corporate Bonds (F3)
Debt Functions
Corporate Bonds: Lookup TK
Debt Functions
Corporate Bonds: Lookup TK (continued)
Debt Functions
Debt Functions
Option Functions
Introduction
• 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 Functions
OMON: Option Monitor
Click and hold to see menu for a specific option

Option Functions
CALL: List of Calls
Option Functions
PUTS: List of Puts
News Functions
– 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?

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Introductory Bloomberg Training

• Keyboard and Navigation

Step 1: Press CONN DFLT button on

top right side of keyboard

Step 2: Log in using credentials printed

Step 1: Press the EQUITY F8 key

then press GO (enter)

Functions Covered: TK, QSRC, MA

– Quickly search for equities by partial issuer name

Where am I? <Equity> TK <GO>

Company Name Ticker Country Code

1. Select the search you wish to RUN or EDIT

2. Choose from the available options

Where am I? <Equity> QSRC <GO>

Where am I? <Equity> QSRC <GO>

2) Select a search field

Where am I? <Equity> QSRC <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

Where am I? <Equity> QSRC <GO>

2) Select 25) Diversified Finan Serv

3) Select 28) Investment Bnkr/Brkr

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

Where am I? <Equity> QSRC <GO>

1) Click Edit, Search Display

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

Where am I? <Equity> QSRC <GO>

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

Where am I? <Equity> QSRC <GO>

– Provides coverage on global merger and acquisition activity

– Use standardized deal search or create a customized search

– To access type: MA <GO>

Where am I? <Equity> MA <GO>

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

– Standard Categories allow you to view results from predefined searches

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

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

Where am I? <Equity> MA <GO> , 7 <GO>

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

Where am I? <Equity> UNDW <GO>

Where am I? LEAG <GO>

Where am I? QSRC <GO>

Where am I? <Equity> WEI <GO>

Where am I? <Equity> LVI <GO>

Where am I? <Equity> LVI <GO>

Where am I? <Equity> WPE <GO>

Where am I? <Equity> WEIS <GO>

Where am I? <Equity> WEIS <GO>

Where am I? <Equity> WEIS <GO>

Where am I? <Equity> WEIS <GO>

Where am I? <Equity> NN <GO>

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

Where am I? <Equity> EMI <GO>

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

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

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

Where am I? QSRC <GO>

Where am I? QSRC <GO>

Where am I? <Equity> EMTK <GO>

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

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

Where am I? CSDR <GO>

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