Security Analysis & Portfolio Management

Introduction to Investment Introduction, Investment vs. Speculation, Investment vs. Gambling, Investment Objectives, Investment Attributes, Investment Process, Security Analysis vs. Portfolio Management, Portfolio Management Process; Meaning and Types of Returns Holding Period Return – Expected Return – Annualized Return – Measurement of Return. Risk – Types of Risk – Measurement of Risk.

Security Analysis and Valuation Fundamental Analysis: Economic, Industry and Company Analysis, Forecasting Earnings, Valuation: DDMs for Valuation of Equities & Valuation on the basis of P/E & EPS. Efficient Market Hypothesis, Different Forms of EMH and their Empirical Tests, Technical Analysis: Charting Tools, Market Indicators, Dow Theory, Elliot Wave Theory, Random Walk Theory, Introduction to Behavioral Finance

Selection/Construction of Securities by applying Theories: Markowitz Model, Constructing an Optimal  Portfolio using, Sharpe’s Single Index Model, Capital Market Theory: Efficient Frontier, CML, SML, Capital Asset Pricing Model, Arbitrage Pricing Theory.

Portfolio Management & Measurement: Portfolio Execution, Portfolio Revision and Performance Evaluation. 

Bonds & Valuation: Bond Prices & Yields, Types of Bonds, Duration of Bonds, Bond Management Strategies, Analysis of Bonds

Practical:

1)       EIC analysis of any selected Industry/ Company.

2)       Application of Valuation on Equity and bonds for its selection

3)       Application of CAPM theory.

4)       Creating a portfolio using Sharpe Portfolio Selection.

5)       Portfolio evaluation Mutual Fund Schemes etc

6)       Movie based learning: Wall street & Rogue Trader, Inside Job, Big Short, Wolf of Wall Street etc.