diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index e30980b3..64d639f8 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.0
+current_version = 0.5.0
 commit = True
 tag = True
 tag_name = {new_version}
diff --git a/docs/source/changelog.rst b/docs/source/changelog.rst
index a7696784..03a81379 100644
--- a/docs/source/changelog.rst
+++ b/docs/source/changelog.rst
@@ -12,12 +12,13 @@ Changelog
 ..
     For Help: https://releases.readthedocs.io/en/latest/index.html
 
-* :bug:`52` Fixed issue with too many function calls in web analytics.
+* :release:`0.5.0 <2021-04-15>`
+* :bug:`52 major` Fixed issue with too many function calls in web analytics.
 * :feature:`48` ML Approach Pairs Selection Module made more flexible - clustering and selection steps are now separate.
 * :support:`48` ML Approach Pairs Selection Module documentation updated.
 * :feature:`48` Hedge Ratio Estimation Module added with OLS, TLS, and Minimum HL Methods.
 * :support:`48` Hedge Ratio Estimation Module documentation.
-* :bug:`48` Fixed bug in ML Approach Pairs Selector hedge ratio calculation (previously had included intercept).
+* :bug:`48 major` Fixed bug in ML Approach Pairs Selector hedge ratio calculation (previously had included intercept).
 * :feature:`45` Pearson Strategy added to the Distance Approach Module.
 * :support:`45` Pearson Strategy documentation.
 * :feature:`46` Optimal Convergence Model added to the Stochastic Control Approach Module.
diff --git a/docs/source/conf.py b/docs/source/conf.py
index 57c6f33e..b489c78c 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -22,7 +22,7 @@
 author = 'Hudson & Thames Quantitative Research'
 
 # The full version, including alpha/beta/rc tags
-release = '0.4.0'
+release = '0.5.0'
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/docs/source/getting_started/installation.rst b/docs/source/getting_started/installation.rst
index 9722564e..8e01a8f1 100644
--- a/docs/source/getting_started/installation.rst
+++ b/docs/source/getting_started/installation.rst
@@ -81,7 +81,7 @@ Ubuntu Linux
 
    .. code-block::
 
-      pip install git+https://1fed2947109cfffdd6aaf615ea84a82be897c4b9@github.com/hudson-and-thames/arbitragelab.git@0.4.0
+      pip install git+https://1fed2947109cfffdd6aaf615ea84a82be897c4b9@github.com/hudson-and-thames/arbitragelab.git@0.5.0
 
 8. (Optional) **Only if you want to use the ML Approach Module**, install the TensorFlow and Keras packages.
    Note that you should have pip version "pip==20.1.1" to do this. Supported TensorFlow and Keras versions
@@ -190,7 +190,7 @@ Mac OS X
 
    .. code-block::
 
-      pip install git+https://1fed2947109cfffdd6aaf615ea84a82be897c4b9@github.com/hudson-and-thames/arbitragelab.git@0.4.0
+      pip install git+https://1fed2947109cfffdd6aaf615ea84a82be897c4b9@github.com/hudson-and-thames/arbitragelab.git@0.5.0
 
 9. (Optional) **Only if you want to use the ML Approach Module**, install the TensorFlow and Keras packages.
    Note that you should have pip version "pip==20.1.1" to do this. Supported TensorFlow and Keras versions
@@ -283,7 +283,7 @@ Windows
 
    .. code-block::
 
-      pip install git+https://1fed2947109cfffdd6aaf615ea84a82be897c4b9@github.com/hudson-and-thames/arbitragelab.git@0.4.0
+      pip install git+https://1fed2947109cfffdd6aaf615ea84a82be897c4b9@github.com/hudson-and-thames/arbitragelab.git@0.5.0
 
 8. (Optional) **Only if you want to use the ML Approach Module**, install the TensorFlow and Keras packages.
    Note that you should have pip version "pip==20.1.1" to do this. Supported TensorFlow and Keras versions
diff --git a/setup.cfg b/setup.cfg
index 7a5c510c..e0a49995 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = arbitragelab
-version = 0.4.0
+version = 0.5.0
 author = Hudson and Thames Quantitative Research
 author_email = research@hudsonthames.org
 licence = All Rights Reserved