Tài liệu, ebook Khối Ngành Kinh Tế

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: 450 | Lượt tải: 0

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: 500 | Lượt tải: 1

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: 612 | Lượt tải: 0

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: 538 | Lượt tải: 1

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: 480 | Lượt tải: 0

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: 490 | Lượt tải: 1

Is the expected return for stocks equal to zero in an efficient market? Which hypothesis is being tested if a researcher examines stock price performance following earnings announcements? Which hypothesis is being tested if a researcher examines stock price performance based on a 50-day and 200-day moving average of prices? Why might a stock’s p...

32 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 472 | Lượt tải: 0

Example: Calculation of Index Values over Multiple Time Periods For an index with an inception value set to 1,000 and price returns of 5 percent and 3 percent for Periods 1 and 2 respectively, the values of the price return index would be calculated as follows:

31 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 504 | Lượt tải: 0

Long positions Assets or contracts are owned Position benefits from price appreciation Short positions Assets not owned are sold or contracts are sold Position benefits from a decrease in price

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CÁC CƠ SỞ CỦA NGÂN SÁCH VỐN Các mô hình ngân sách vốn khác: Tỷ lệ chiết khấu được tính toán dựa vào chi phí sử vốn bình quân gia quyền (WACC: weighted average cost of capital) Đơn giản và dễ áp dụng Chỉ thích hợp khi cơ cấu tài chính (vốn chủ sở hữu, vốn vay) và mức độ rủi ro của các DA là giống nhau.

30 trang | Chia sẻ: thuychi20 | Ngày: 06/04/2020 | Lượt xem: 560 | Lượt tải: 0