Master equity research and quant trading the sell-side way
From Indonesian annual reports to DCF and bank valuation, then to Python signals and honest backtests. 31 practical lessons, each with a file you can use right away.
Built like real research, not like a lecture
Every lesson ends with a working file. No theory to memorize, just models you'll actually reuse.
Indonesian case studies
IDX annual reports, local number formats, and issues that matter in local research like CASA and LDR.
One concept per lesson
About 21 minutes per video, easy to finish between meetings.
A working file every lesson
15 Excel templates and Python scripts you can use on day one.
Models you can audit
Cell color conventions, input-calc-output structure, and balance checks in every model.
A sequenced curriculum
Two focused tracks: fundamental equity research and systematic quant trading.
From model to decision
Every course ends with a fair value range and an argument you can defend.
Two tracks, from fundamentals to systems
Take them in order or start with the one you need. Each module ends with a file you keep.
Equity Research
Value a company the way a sell-side desk does.
- 01Reading the annual report
- 02Three-statement model
- 03Forecasting revenue, capex, working capital
- 04DCF and WACC
- 05Peer multiples
- 06Bank valuation: P/BV vs ROE
Quant Trading
Build, test, and size systematic strategies in Python.
- 01Clean price data in Python
- 02Momentum and mean-reversion signals
- 03Backtesting without look-ahead bias
- 04Strategy optimization and walk-forward
- 05Portfolio optimization
- 06Position sizing and risk
Two tracks, one clear path
Equity Research for valuing companies, Quant Trading for building systematic strategies.
Equity Research
The full sell-side workflow for Indonesian listed companies: read the financials, build a balanced model, value the stock, and write the call.
Quant Trading
Pandas for market data, factor signals, a backtesting engine with realistic costs, and the risk metrics that separate real edges from luck.
About 1.1 hours of video a week
What you get that others don't
| Random free videos | Global courses | Donchian Masterclass | |
|---|---|---|---|
| Sequenced curriculum | |||
| IDX company case studies | Partial | ||
| Template for every lesson | Partial | ||
| Bank valuation (P/BV vs ROE) | Partial | ||
| Available in Bahasa Indonesia |

Learn from the analyst who uses these models every day.
Abida Massi, FMVA® is an equity analyst and quant strategist, and the founder of Donchian Capital. Every lesson is taken from live work: the valuation models behind research notes, and the backtests behind systems that trade 24/7.
“I teach the models I would defend in front of a fund manager, not the ones that only look good on a slide.”Abida Massi, FMVA®






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Every course, template, and update. Cancel anytime.
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- Excel template for every lesson
- Content updates at no extra cost
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- Full 12 months of access
- Priority Q&A on every module
- Certificate of completion
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- Access forever, including new courses
- Monthly live session with the instructor
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