Thư viện tài liệu, ebook tổng hợp lớn nhất Việt Nam

Whenever we make TVM calculations, the period of time associated with the frequency of cash flows must match the compounding frequency for our discounting or compounding rate. To address any differences, Make any necessary adjustment to convert the stated annual rate to the appropriate periodic rate  Stated rate/Compounding frequency = Periodic r...

29 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 594 | Lượt tải: 2

Principles, applications, and assumptions of technical analysis Construction and interpretation of charts Trend, support, and resistance lines, and change in polarity Common technical analysis patterns, indicators, and cycles Elliott Wave Theory Intermarket analysis

35 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 614 | Lượt tải: 2

Campbell and Shiller’s (1998, 2005) 10-year Moving Average Price/Earnings [P/10-year MA(E)] has become a popular measure of market valuation: Numerator of P/10-year MA(E) is the real S&P 500 price index. Denominator is the moving average of the preceding 10 years of real reported earnings. Stock index and earnings are adjusted for inflation usi...

28 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 601 | Lượt tải: 2

Overvalued, fairly valued, or undervalued securities Major categories of equity valuation models Present value models: dividend discount models and free cash flow models Multiplier models: price ratios and enterprise value ratios Asset-based valuation Advantages and disadvantages of equity valuation models

28 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 585 | Lượt tải: 1

Uses of industry analysis Industry classification systems Establishing a peer group Strategic analysis: Porter’s five forces Industry and product life cycles Demographic, governmental, social, and technological influences Company analysis Cost and differentiation strategies Spreadsheet modeling

29 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 541 | Lượt tải: 1

Types of equity securities Importance and relative performance of equity securities Ownership characteristics and voting rights Investing in nondomestic equities Risk and return characteristics Market value and book value Cost of equity, (accounting) return on equity, and investor’s required return

26 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 628 | Lượt tải: 2

Gascon has a good knowledge of financial matters and is confident that equity markets will deliver positive returns over the longer term. In the risk tolerance questionnaire, Gascon strongly disagrees with the statements that “making money in stocks and bonds is based on luck” and that “in terms of investing, safety is more important than returns....

32 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 737 | Lượt tải: 1

Mr. Miles decides to set aside a small part of his wealth for investment in a portfolio that has greater risk than his previous investments because he anticipates that the overall market will generate attractive returns in the future. He assumes that he can borrow money at 5% and achieve the same return on the S&P 500 as before: an expected return ...

35 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 642 | Lượt tải: 2

Assume that as a U.S. investor, you decide to hold a portfolio with 80 percent invested in the S&P 500 U.S. stock index and the remaining 20 percent in the MSCI Emerging Markets index. The expected return is 9.93 percent for the S&P 500 and 18.20 percent for the Emerging Markets index. The risk (standard deviation) is 16.21 percent for the S&P 500 ...

35 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 588 | Lượt tải: 1

Portfolio approach to investing Investment management clients: types, characteristics, and needs Steps in the portfolio management process Pooled investments

31 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 596 | Lượt tải: 2