advances in Investment Analysis and Portfolio Management phần 8 ppt

... why. a) Increase in investments; b) Increase in savings level; c) Decrease in export; d) Decrease in import; e) Increase in government spending; f) Increase in Taxes. 6. Distinguish between ... price is 95 LT? Investment Analysis and Portfolio Management 124 regret and the seeking of pride can affect investors’ wealth in two ways: first, investors are p...

Ngày tải lên: 14/08/2014, 22:20

... Investment Analysis and Portfolio Management 7 1. Investment environment and investment management process Mini-contents 1.1. Investing versus financing 1.2. Direct versus indirect investment ... reasonable. Holding period for investing in financial assets vary in very wide interval and depends on the investor’s goals and investment strategy. Invest...

Ngày tải lên: 14/08/2014, 22:20

... useful instrument for investment analysis and decision making in reality. As can be seen in Fig.3.5, Equation in formula 3.4 represents the straight line having an intercept of R f and slope ... averse. Investment Analysis and Portfolio Management 57 Unsystematic risk is unique to an individual asset (business risk, financial risk, other risks, related to...

Ngày tải lên: 14/08/2014, 22:20

... the intrinsic value of stock is valuated at the same range as in the market and its current market price shows the intrinsic value. Investment Analysis and Portfolio Management 94 5. Investment ... clients – individual investors the list of blue chip stock as high quality ones in their understanding, based on the analysis of information about the firm. Investm...

Ngày tải lên: 14/08/2014, 22:20

... negative influence to the interest rates (from the investors in bonds position - decrease in interest rates): • Decrease in investments; • Increase in savings level; • Decrease in export; • Increase ... in interest rates): • Increase in investments; • Decrease in savings level; • Increase in export; • Decrease in import; • Increase in government spending; • De...

Ngày tải lên: 14/08/2014, 22:20

... Investment Analysis and Portfolio Management 29 • Investment • Investment environment • Investment vehicles • Investment management process • Investment policy • Investment ... assets in which to invest and determining the proportions of these financial assets in the investment portfolio. Formation of diversified investment portfolio is the ne...

Ngày tải lên: 14/08/2014, 22:20

... B r A Investment Analysis and Portfolio Management 36 Variance and the standard deviation are similar measures of risk and can be used for the same purposes in investment analysis; ... point where characteristic line passes through the vertical axis. The interpretation of the intercept from the investor’s point of view is that it shows Investment Analysis...

Ngày tải lên: 14/08/2014, 22:20

... b) 100% invest in stock B; c) 50% in stock A and 50% in stock B; d) 20% invest in stock A and 80 % in stock B e) 60% invest in stock A and 40% in stock B. 9. The following investment portfolios ... Ratio. Investment Analysis and Portfolio Management 71 4. Investment in Stocks Mini-contents 4.1. Stock as specific investment. 4.2. Stock analy...

Ngày tải lên: 14/08/2014, 22:20

... Investment Analysis and Portfolio Management 142 Hedging portfolios of shares using index options. Large investors usually manage varied portfolios of shares so, rather than hedging individual ... to take more risk. The investors are more likely to purchase higher-risk stocks after locking in gain by selling stocks at a profit. Investment Analysis and Portfolio...

Ngày tải lên: 14/08/2014, 22:20

... 20,00 Investment Analysis and Portfolio Management 159 9. What changes in investor’s circumstances cause the rebalancing of the investment portfolio? Explain why. 10. Why is portfolio ... made by investors? 8. What is the point of investment portfolio rebalancing? Investment Analysis and Portfolio Management 156 Jensen’s Alpha = (ř p – ř f ) – β...

Ngày tải lên: 14/08/2014, 22:20