Chapter 5
Investment Funds, Intermediate
Securities, and Global Equity Markets
Part 3: Global Equity Markets
1
Global Equity Markets
and Exchanges
2
Global Equity Markets
Brokers and dealers operating through organized exchanges, the
OTC market, and ECNs
Chapter 6
Expected Rate of
Return and RiskStock
Part 2:
Regression and
Return-Risk Relations
1
Estimating Parameters:
Regression
2
Estimating Parameters: Regression
The historical averages provide analysts with important
descriptive information about a s
Chapter 6
Expected Rate of
Return and RiskStock
Part 1: Parameters and Averages
1
Return and Risk
2
Return and Risk
Whether it is investments in stocks, bonds, investment
fund shares, or commodities, investors must deal in the
world of uncertainty.
As a
Chapter 9
The Capital Asset Pricing Model
1
Capital Market Theory
The objective of Capital Market Theory is to explain what
determines an investments (portfolios or stocks) equilibrium
return.
The most widely used models for explaining an investments
eq
Chapter 10
The Arbitrage Pricing Theory
1
Arbitrage Pricing Theory
Just as the CAPM can be viewed as an extension of the single-index
model, the arbitrage pricing theory (APT) can be viewed as an
extension of the multi-index model.
The APT differs from
Chapter 7
Portfolio Evaluation
Part 1:
Portfolio Return and Risk
Portfolio Return and Risk with Risk-Free
Security Included
1
Portfolio Evaluation
Portfolio evaluation is analyzing securities
in terms of their characteristics: value,
return, risk, market
Chapter 7
Portfolio Evaluation
Part 2:
Portfolio Ranking
Performance Measures
Bloomberg Portfolio Screens
1
Portfolio Ranking
2
Portfolio Ranking
The return-risk opportunities described by a borrowinglending line are generated by changing the allocations
Chapter 11
The Financial Anatomy of a Company
Fundamental Analysis
Part 1:
Equity Valuation, Leverage, and
Corporate Investments
1
Fundamental Analysis
The two most common approaches to evaluating and selecting stocks are
fundamental analysis and technic
Chapter 8
Portfolio SelectionMarkowitz Model
1
Markowitz Portfolio Selection
In his 1952 seminal article, Harry Markowitz stated
that the objective of portfolio selection is to
determine the allocation of securities in a portfolio
such that it yields the