投资实验室套件。在浏览器中打开。

估值

债券与股票估值——每次资产配置评估的核心工具。

股票估值

股利贴现模型(Gordon、多阶段)、P/E 倍数、FCF/DCF。

债券定价与 YTM

DCF 债券定价、到期收益率、久期、凸性。配实时曲线。

投资组合构建

从双资产权重到多资产 Markowitz 优化。

有效前沿

多资产 Markowitz 均值-方差优化,含切线组合。

权重与相关性滑块;观察 σ 如何变化。

风险偏好问卷,然后给出推荐配置及 10 年回测。

资产定价模型

CAPM、SML、alpha——均衡定价理论的经典内容。

CAPM 计算器

实时 β 回归,通过 Capital Asset Pricing Model 计算预期回报。

证券市场线

绘制 SML;通过 Jensen 的 α 识别低估与高估资产。

Sharpe / Treynor / Jensen

业绩衡量

风险调整后回报与市场有效性检验。

并排计算所有主流风险调整回报比率。

市场有效性检验器

针对 EMH 的自相关、游程、方差比检验。

7 LABS3.0H TOTAL• BEGINNER

03 — 路径

贯穿目录的精选路径。

由浅入深。

03 / CURRICULUM

Start with a learning path.

5 PATHS · 24 STOPS

Annotated tool sequences for self-study or classroom use. Each path links the Labs in pedagogical order with short context for each step.

PATH/BEGINNER

Investment Management 101

The canonical Investment Management curriculum, taught through hands-on tools instead of dense textbook chapters. Risk and return, diversification, optimal portfolios, equilibrium pricing, and risk-adjusted performance evaluation — in one connected journey.

3 LABS1.3H TOTAL• INTERMEDIATE

Fixed Income Essentials

Bond pricing, yield to maturity, modified duration, convexity — and how to use them to size interest-rate risk. The practitioner pieces that come up daily on a rates desk.

5 LABS2.3H TOTAL• INTERMEDIATE

Equity Valuation Practitioner

Five different ways to value a stock, when to use each, and how to triangulate them into a defensible price target. Practical workflow used at every long-only fund.

3 LABS1.5H TOTAL• INTERMEDIATE

Behavioral Finance & Market Efficiency

Test the Efficient Market Hypothesis directly. Run autocorrelation, runs, and variance-ratio tests on real data. Decompose risk through a behavioral lens: which anomalies are real signal, and which are just survivorship?

6 LABS3.0H TOTAL• ADVANCED

PATH/ADVANCED

Quant Portfolio Construction

Heavy-math version of Investment Management 101. Same tools, but you're building optimizers, sizing factor bets, and stress-testing the Markowitz framework against real-world frictions (estimation error, regime change, transaction costs).

04 — 对比

对比 Bloomberg 与 Portfolio Visualizer。

并排呈现。坦诚直接。

04 / COMPARISON

How does this compare to the alternatives?

13 CAPABILITIES · 3 PLATFORMS

We're not Bloomberg. They have things we don't — real-time depth, fixed-income analytics that go four levels deeper, an institution-grade execution stack. We win on cost, country flexibility, mobile, and open data. Pick the right tool for the job.

Capability	Bloomberg Terminal $28K / yr / seat	Portfolio Visualizer Free · $35–$75/mo	Blockcircle Labs Free · always
Cost	$28,000/yr	Free tier limited	Free
Account required	Subscription	Account for full features	None
Real-time market depth (Level 2)			Delayed only
Fixed-income analytics (curves, OAS)	Industry leader		DCF, YTM, duration
CAPM live β regression
Markowitz Efficient Frontier
Asset Allocation Wizard
Country-flexible defaults (17 markets)		US-centric	17 countries
Indonesian rates / IDX coverage
Mobile-friendly UI	Desktop terminal		Responsive
Open public data sources
URL-based shareable state
Citation-ready output for academia

Bloomberg Terminal and Portfolio Visualizer are independent products. Capability summaries are based on publicly published feature lists — consult their documentation for authoritative sources.

05 — 实时

今日 Labs。

每分钟更新。

05 / ACTIVITY

Live across the lab floor.

REAL-TIME · ANONYMIZED

TODAY

247

labs run in the last 24h

LIFETIME

Thousands

calculations performed

问题,已解答。

还有疑问?请联系 basel@blockcircle.com

06 / FAQ

Questions, answered.

8 ITEMS

Yes. Every Lab works without an account. We make money on premium signal and execution products elsewhere on Blockcircle — Alpha Hunter Suite, Autopilot, Asset Outperformer. The Labs stay free because they double as outreach for the broader platform.

Equity prices stream live with a typical 15-minute delay. Crypto prices stream over a live WebSocket. Risk-free rates come from FREDfor the US, and from each country's central bank for the other 17 markets. Each Lab's "How It Works" modal documents the exact source for that tool. For institutional-grade latency, you want a paid market-data feed — these tools are educational and research-grade.

Yes. Each Lab's "How It Works" modal includes a citation format you can paste straight into a paper or thesis. We track which formula version we implemented (e.g. CAPM with the Fama-French risk-free choice, the textbook two-stage DDM, etc.) so the citation is reproducible. If you need a more formal data statement for your committee, email basel@blockcircle.com.

Not unless you sign in. The Labs use URL-based state — every input you change updates the page's query string, so you can copy the URL and share or bookmark a specific calculation without an account. If you do sign in, your last 50 calculations show up under Account → Lab history.

Bank Indonesia's 7-day reverse-repo rate (BI 7DRR) doesn't have a free public API the way the Fed's FRED service does. We update the value quarterly when BI publishes a change. Each country page shows a small "Last refreshed YYYY-MM-DD"indicator so you can tell at a glance whether the rate is fresh. For everything else (live equity prices, live crypto prices, US FRED rates) the data is live to within minutes.

Bloomberg has things we don't — real-time Level 2 depth, fixed-income analytics that go four levels deeper, FX dealer-curve builders, an industrial execution stack. We're free, work on mobile, support 17 country presets out of the box, and use open data sources. See the full comparison table above. Pick the right tool for the job — many Bloomberg users use these Labs for the country presets and shareable URLs.

Yes. Every Lab is fully responsive — the layouts collapse to a single column under 768px wide, charts re-size to the viewport, and inputs use mobile-friendly numeric keypads. The country selector pins to the top of the hero so you can switch markets without scrolling.

For now, share the URL — every Lab works as a standalone page and the URL captures the state. We're working on an ?embed=1 mode that hides the global header for clean iframe embeds. Email basel@blockcircle.com if you want early access.

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BLOCKCIRCLE/投资实验室/12 个工具 · 5 个类别/免费 · 因国家定制

投资实验室套件。在浏览器中打开。

浏览实验室学习路径

02 — 目录

12 个工具。
五个类别。

每个工具免费。
每个输入可编辑。

风险与回报

量化权衡——预期回报、方差、以及资产间的协同变动。

风险与回报统计

由概率或历史数据计算 E(r)、σ²、σ、Sharpe、偏度、峰度。

估值

债券与股票估值——每次资产配置评估的核心工具。

股票估值

股利贴现模型(Gordon、多阶段)、P/E 倍数、FCF/DCF。

债券定价与 YTM

DCF 债券定价、到期收益率、久期、凸性。配实时曲线。

投资组合构建

从双资产权重到多资产 Markowitz 优化。

有效前沿

多资产 Markowitz 均值-方差优化,含切线组合。

权重与相关性滑块;观察 σ 如何变化。

风险偏好问卷,然后给出推荐配置及 10 年回测。

资产定价模型

CAPM、SML、alpha——均衡定价理论的经典内容。

CAPM 计算器

实时 β 回归,通过 Capital Asset Pricing Model 计算预期回报。

证券市场线

绘制 SML;通过 Jensen 的 α 识别低估与高估资产。

Sharpe / Treynor / Jensen

业绩衡量

风险调整后回报与市场有效性检验。

并排计算所有主流风险调整回报比率。

市场有效性检验器

针对 EMH 的自相关、游程、方差比检验。

7 LABS3.0H TOTAL• BEGINNER

03 — 路径

贯穿目录的精选路径。

由浅入深。

03 / CURRICULUM

Start with a learning path.

5 PATHS · 24 STOPS

Annotated tool sequences for self-study or classroom use. Each path links the Labs in pedagogical order with short context for each step.

PATH/BEGINNER

Investment Management 101

3 LABS1.3H TOTAL• INTERMEDIATE

Fixed Income Essentials

Bond pricing, yield to maturity, modified duration, convexity — and how to use them to size interest-rate risk. The practitioner pieces that come up daily on a rates desk.

5 LABS2.3H TOTAL• INTERMEDIATE

Equity Valuation Practitioner

Five different ways to value a stock, when to use each, and how to triangulate them into a defensible price target. Practical workflow used at every long-only fund.

3 LABS1.5H TOTAL• INTERMEDIATE

Behavioral Finance & Market Efficiency

6 LABS3.0H TOTAL• ADVANCED

PATH/ADVANCED

Quant Portfolio Construction