Security Analysis & Portfolio Management

Por: Swayam . en: , ,

Week 1:Concept of Investment, Investment Objectives and Constraints, Investment Classification. Financial Markets & Instruments, their role & classification. Regulation of Securities Markets, Primary & Secondary Markets, Trading, Clearing and Settlement procedures, Market Indices. Week 2:Concept & Measures of Risk and Return, Portfolio Risk & Return, Reduction of Risk through Diversification. Week 3:Concept of Intrinsic Valuation, Cash Flow based Equity Stock Valuation Models. Value Added & Asset based valuation. Use of Multiples & Relative Value. Week 4:Fundamental Analysis for Determination of Inputs to Equity Valuation, Cash Flow & Profitability Forecasting, EIC Framework, Economic Forecasting Methods, Industry Analysis, Industry Life Cycle, Structural Analysis.
Week 5:Company Analysis, Publicly accessible Corporate Information, Tools of Financial Statement Analysis. Week 6:Financial Statement Analysis including Impact of Changes in Accounting Policies, Depreciation Methods, Revaluation of Fixed Assets, Foreign Exchange Transactions, Amortization of Preliminary and Preoperative Expenses, R&D Expenditure, Valuation of Inventory, Treatment of Leases etc.
Week 7:Measures of Bond Returns, YTM & Holding Period Yields, Bond Valuation, Spot & Forward Interest Rates, Term Structure & Yield Curves, Interest Rate Sensitivities, Duration & Elasticities. Key Rates & Bucket Rates. Week 8:Efficient Market Hypothesis, Technical Analysis: Dow Theory, Types of Charts, Price Patterns, Trend Lines, Trend Channels, Support and Resistance Levels, Relative Strength Analysis, Moving Averages, Breadth of the Market, Volume, Momentum. Week 9:Portfolio optimization in the mean variance framework: two security case, various combinations of risky & risk-free assets, implications of the results, concept of efficient frontier. Concept of Utility & Indifference Curves, Optimal Portfolio Selection. Week 10:The multi-security case of portfolio optimization, Tracing of the full efficient frontier with/without the existence of risk-free asset.
Week 11:Single Index & Capital Asset Pricing Model, Systematic and Unsystematic Risk, Beta of a Portfolio, CML & SML, Arbitrage Pricing Theory, Comparison of CAPM and APT, Applications of APT. Week 12:Active & Passive Portfolio Management, Portfolio Revision of Equity Portfolios, Measuring and Evaluating Portfolio Performance, Measures of Return on Active Portfolios, Buying the Index Approach. Fixed Income Portfolio Management. Active vs Passive Strategies, Portfolio Management Using Derivatives.