Equity models

Xem 1-20 trên 85 kết quả Equity models
  • When asked why they tackled Mount Everest, climbers typically reply “Because it was there”. Our motivation for writing Advanced Modelling in Finance is for exactly the opposite reason. There were then, and still are now, almost no books that give due prominence to and explanation of the use of VBA functions within Excel. There is an almost similar lack of books that capture the true vibrant spirit of numerical methods in finance.

    pdf278p thuymonguyen88 07-05-2013 86 32   Download

  • The topics discussed in this chapter are equity markets and stock valuation. After completing this unit, you should be able to: Understand how share prices depend on future dividends and dividend growth, be able to compute share prices using the dividend growth model, understand how share markets work, understand how share prices are quoted.

    ppt27p tangtuy04 16-03-2016 7 3   Download

  • The model used–an extension of the log-linear dividend-price ratio model of Campbell and Shiller (1988, 1989)–facilitates a straightforward test of these alternatives in a linear regression with the log price-earnings ratio as dependent variable. The regression results suggest that the correlation between the price-earnings ratio and expected inflation is the result of both effects; that is, an increase in expected inflation reduces equity prices because it is associated with both lower expected real earnings growth and higher required real returns.

    pdf0p bocapchetnguoi 06-12-2012 28 2   Download

  • This volume has a simple aim: to provide researchers and analysts with a step-bystep practical guide to the measurement of a variety of aspects of health equity. Each chapter includes worked examples and computer code. We hope that these guides, and the easy-to-implement computer routines contained in them, will stimulate yet more analysis in the fi eld of health equity, especially in developing countries.

    pdf234p oobye123456 10-05-2013 22 2   Download

  • Chapter 1 provides the introduction to the rest of the text. This chapter discuss the terms and framework necessary to understand the more complex subjects that appear later in the book. The focus in this chapter and the rest of the text is on equity valuation. Chapter 1 will also discuss the various definitions of value, the valuation process, the application of valuation models, and the roles and responsibilities of analysts.

    ppt24p allbymyself_10 02-03-2016 6 2   Download

  • This chapter discusses the various forms of return encountered in investment management. Among the return types discussed are required returns, which will be used later in the text for equity valuation. The required return is what the investor expects to earn on an investment, given the investment’s risk. To determine the required return, we will use several different models, such as the capital asset pricing model (CAPM).

    ppt31p allbymyself_10 02-03-2016 7 2   Download

  • In this chapter, we assume that the appropriate measure of future equity cash flows is dividends. We will use dividend discount models (DDMs) and the discount rates discussed in Chapter 2 to determine the common stock value. The topics discussed in this chapter are: An overview of present value models, the general form of the DDM, the Gordon growth model, multistage dividend discount models, and the determinants of dividend growth rates.

    ppt46p allbymyself_10 02-03-2016 4 2   Download

  • Chapter 6 - Portfolio risk and return (Part II). The topics discussed in this chapter are: Portfolio risk and return, optimal risky portfolio and the capital market line (CML), return-generating models and the market model, systematic and non-systematic risk, capital asset pricing model (CAPM) and the security market line (SML), performance measures, arbitrage pricing theory (APT) and factor models.

    ppt35p allbymyself_10 02-03-2016 21 1   Download

  • Chapter 9 - Introduction to industry and company analysis. The topics discussed in this chapter are: 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.

    ppt29p allbymyself_10 02-03-2016 13 1   Download

  • Chapter 10 - Equity valuation: Concepts and basic tools. This lecture introduces equity valuation models used to estimate the intrinsic value (synonym: fundamental value) of a security; intrinsic value is based on an analysis of investment fundamentals and characteristics.

    ppt28p allbymyself_10 02-03-2016 18 1   Download

  • Essentials of Investments: Chapter 13 - Equity Valuation presents about Fundamental Analysis, Models of Equity Valuation, Valuation by Comparables, Limitations of Book Value, Intrinsic Value vs. Market Price.

    pdf38p maiyeumaiyeu22 12-12-2016 3 1   Download

  • (BQ) Part 1 book "The handbook of equity style management" has contents: Style analysis - asset allocation and performance evaluation; the many elements of equity style - Quantitative management of core, growth, and value strategies; models of equity style information; style analysis - A ten year retrospective and commentary;....and other contents.

    pdf274p bautroibinhyen21 14-03-2017 2 1   Download

  • This chapter describes the valuation models that stock market analysts use to uncover mispriced securities. The models presented are those used by fundamental analysts, those analysts who use information concerning the current and prospective profitability of a company to assess its fair market value.

    ppt22p nomoney2 10-02-2017 0 0   Download

  • (BQ) Part 2 book "The handbook of equity style management" has contents: The persistence of equity style performance - evidence from mutual fund data; how the technology bubble of 1999–2000 disrupted equity style investing; multistyle equity investment models, multistyle equity investment models,...and other contents.

    pdf238p bautroibinhyen21 14-03-2017 0 0   Download

  • (BQ) Part 2 book "The mathematics of financial modeling and investment management" has contents: Fat tails, scaling, and stable laws; arbitrage pricing - finite state models, capital asset pricing model, equity portfolio management; multifactor models and common trends for common stocks,...and other contents.

    pdf428p bautroibinhyen21 14-03-2017 0 0   Download

  • The CAPM rattled investment professionals in the 1960s and its commanding importance still reverberates today." --Dow Jones Asset Management. Nearly 30 years ago, PORTFOLIO THEORY AND CAPITAL MARKETS laid the groundwork for such investment standards as modern portfolio theory, derivatives pricing and investment, and equity index funds, among others.

    pdf102p vigro23 29-08-2012 55 23   Download

  • This book presents and develops major numerical methods currently used for solving problems arising in quantitative finance. Our presentation splits into two parts. Part I is methodological, and offers a comprehensive toolkit on numerical methods and algorithms. This includes Monte Carlo simulation, numerical schemes for partial differential equations, stochastic optimization in discrete time, copula functions, transform-based methods and quadrature techniques. Part II is practical, and features a number of self-contained cases.

    pdf618p thuymonguyen88 07-05-2013 37 19   Download

  • Every student of finance or applied economics learns the lessons of Franco Modigliani and Merton Miller. Their landmark paper, published in 1958, laid out the basic underpinnings of modern finance and these two distinguished academics were both subsequently awarded the Nobel Prize in Economics. Simply stated, companies create value when they generate returns that exceed their costs. More specifically, the returns of successful companies will exceed the risk-adjusted cost of the capital used to run the business.

    pdf439p baobinh1311 25-09-2012 26 18   Download

  • The past three decades have brought sweeping changes to the i eld of transportation. In the United States and other developed nations, deregulation and greater reliance on markets and the private sector has helped to reconi gure the transport industries. The rise of intermodal goods movements and global commerce has produced efi ciencies of operation and a greater interdependence among transport modes.

    pdf658p hyperion75 15-01-2013 40 15   Download

  • I will be putting my entire second edition online, while the book goes through the printing process – it will be available at the end of the year. This may seem like a bit of a free lunch, and I guess it is. I hope, though, that you can do me a favor as you go through the manuscript. If you find any mistakes – mathematical or grammatical – could you please let me know? It would help me ensure that the typos do not find their way into the final version.

    pdf0p vigro23 24-08-2012 40 11   Download


Đồng bộ tài khoản