Modern Portfolio Theory and Investment Analysis

Klappentext Modern Portfolio Theory and Investment Analysis, 9e examines the characteristics and analysis of individual securities, as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management.The authors present material that captures the state of modern portfolio analysis, general equilibrium theory, and investment analysis in an accessible and intuitive manner. Zusammenfassung Modern Portfolio Theory and Investment Analysis! 9e examines the characteristics and analysis of individual securities! as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management.The authors present material that captures the state of modern portfolio analysis! general equilibrium theory! and investment analysis in an accessible and intuitive manner. Inhaltsverzeichnis Table of Contents PART 1 INTRODUCTION Chapter 1: Introduction Chapter 2: Financial Securities Chapter 3: Financial Markets PART 2 PORTFOLIO ANALYSIS Section 1 MEAN VARIANCE PORTFOLIO THEORY Chapter 4: The Characteristics of the Opportunity Set Under Risk Chapter 5: Delineating Efficient Portfolios Chapter 6: Techniques for Calculating the Efficient Frontier Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS Chapter 7: The Correlation Structure of Security Returns: The Single-Index Model Chapter 8: The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques Chapter 9: Simple Techniques for Determining the Efficient Frontier Section 3 SELECTING THE OPTIMUM PORTFOLIO Chapter 10: Estimating Expected Returns Chapter 11: How to Select Among the Portfolios in the Opportunity Set Section 4 WIDENING THE SELECTION UNIVERSE Chapter 12: International Diversification PART 3 MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS Chapter 13: The Standard Capital Asset Pricing Model Chapter 14: Nonstandard Forms of Capital Asset Pricing Models Chapter 15: Empirical Tests of Equilibrium Models Chapter 16: The Arbitrage Pricing Model APT - A Multifactor Approach to Explaining Asset Prices PART 4 SECURITY ANALYSIS AND PORTFOLIO THEORY Chapter 17: Efficient Markets Chapter 18: The Valuation Process Chapter 19: Earnings Estimation Chapter 20: Behavioral Finance, Investor Decision Making, and Asset Prices Chapter 21: Interest Rate Theory and the Pricing of Bonds Chapter 22: The Management of Bond Portfolios Chapter 23: Option Pricing Theory Chapter 24: The Valuation and Uses of Financial Futures PART 5 EVALUATING THE INVESTMENT PROCESS Chapter 25: Mutual Funds Chapter 26: Evaluation of Portfolio Performance Chapter 27: Evaluation of Security Analysis Chapter 28: Portfolio Management Revisited Index ...

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Table of Contents

PART 1 INTRODUCTION

Chapter 1: Introduction

Chapter 2: Financial Securities

Chapter 3: Financial Markets

PART 2 PORTFOLIO ANALYSIS

Section 1 MEAN VARIANCE PORTFOLIO THEORY

Chapter 4: The Characteristics of the Opportunity Set Under Risk

Chapter 5: Delineating Efficient Portfolios

Chapter 6: Techniques for Calculating the Efficient Frontier

Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS

Chapter 7: The Correlation Structure of Security Returns: The Single-Index Model

Chapter 8: The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques

Chapter 9: Simple Techniques for Determining the Efficient Frontier

Section 3 SELECTING THE OPTIMUM PORTFOLIO

Chapter 10: Estimating Expected Returns

Chapter 11: How to Select Among the Portfolios in the Opportunity Set

Section 4 WIDENING THE SELECTION UNIVERSE

Chapter 12: International Diversification

PART 3 MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS

Chapter 13: The Standard Capital Asset Pricing Model

Chapter 14: Nonstandard Forms of Capital Asset Pricing Models

Chapter 15: Empirical Tests of Equilibrium Models

Chapter 16: The Arbitrage Pricing Model APT - A Multifactor Approach to Explaining Asset Prices

PART 4 SECURITY ANALYSIS AND PORTFOLIO THEORY

Chapter 17: Efficient Markets

Chapter 18: The Valuation Process

Chapter 19: Earnings Estimation

Chapter 20: Behavioral Finance, Investor Decision Making, and Asset Prices

Chapter 21: Interest Rate Theory and the Pricing of Bonds

Chapter 22: The Management of Bond Portfolios

Chapter 23: Option Pricing Theory

Chapter 24: The Valuation and Uses of Financial Futures

PART 5 EVALUATING THE INVESTMENT PROCESS

Chapter 25: Mutual Funds

Chapter 26: Evaluation of Portfolio Performance

Chapter 27: Evaluation of Security Analysis

Chapter 28: Portfolio Management Revisited

Index