Security Analysis, Portfolio Management, and Financial Derivatives
eBook - ePub

Security Analysis, Portfolio Management, and Financial Derivatives

  1. 1,192 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Security Analysis, Portfolio Management, and Financial Derivatives

About this book

Security Analysis, Portfolio Management, and Financial Derivatives integrates the many topics of modern investment analysis. It provides a balanced presentation of theories, institutions, markets, academic research, and practical applications, and presents both basic concepts and advanced principles. Topic coverage is especially broad: in analyzing securities, the authors look at stocks and bonds, options, futures, foreign exchange, and international securities. The discussion of financial derivatives includes detailed analyses of options, futures, option pricing models, and hedging strategies. A unique chapter on market indices teaches students the basics of index information, calculation, and usage and illustrates the important roles that these indices play in model formation, performance evaluation, investment strategy, and hedging techniques. Complete sections on program trading, portfolio insurance, duration and bond immunization, performance measurements, and the timing of stock selection provide real-world applications of investment theory. In addition, special topics, including equity risk premia, simultaneous-equation approach for security valuation, and Itô's calculus, are also included for advanced students and researchers.

Contents:

    • Introduction
  • Information and Security Valuation:
    • Accounting Information and Regression Analysis
    • Common Stock: Return, Growth, and Risk
    • Introduction to Valuation Theories
    • Bond Valuation and Analysis
    • The Uses and Calculation of Market Indexes
  • Portfolio Theory and Asset Pricing:
    • Sources of Risk and Their Determination
    • Risk-Aversion, Capital Asset Allocation, and Markowitz Portfolio-Selection Model
    • Capital Asset Pricing Model and Beta Forecasting
    • Index Models for Portfolio Selection
    • Performance-Measure Approaches for Selecting Optimum Portfolios
    • The Efficient-Market Hypothesis and Security Valuation
    • Arbitrage Pricing Theory and Intertemporal Capital Asset Pricing Model
  • Futures and Option:
    • Futures Valuation and Hedging
    • Commodity Futures, Financial Futures, and Stock-Index Futures
    • Options and Option Strategies
    • Option Pricing Theory and Firm Valuation
    • Decision Tree and Microsoft Excel Approach for Option Pricing Model
    • Normal, Log-Normal Distribution, and Option Pricing Model
    • Comparative Static Analysis of the Option Pricing Models
  • Applied Portfolio Management:
    • Security Analysis and Mutual Fund Performance
    • International Diversification and Asset Pricing
    • Bond Portfolios: Management and Strategy
    • Portfolio Insurance and Synthetic Options
  • Special Topics:
    • Capturing Equity Risk Premia
    • Simultaneous Equation Models for Security Valuation
    • Itô's Calculus: Derivation of the Black–Scholes Option Pricing Model


Readership: Advanced undergraduate students/graduate students, academics with interest in investment analysis.

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Yes, you can access Security Analysis, Portfolio Management, and Financial Derivatives by Cheng-Few Lee, Joseph Finnerty, John Lee, Alice C Lee, Donald Wort in PDF and/or ePUB format, as well as other popular books in Business & Foreign Exchange. We have over one million books available in our catalogue for you to explore.

Information

Publisher
WSPC
Year
2012
Print ISBN
9789814343565
eBook ISBN
9789814458900
Topic
Business
Subtopic
Foreign Exchange
Index
Business

Table of contents

  1. Cover
  2. Halftitle
  3. Title
  4. Copyright
  5. Preface
  6. Preface for Security Analysis and Portfolio Management
  7. Contents in Brief
  8. Contents
  9. 1. Introduction
  10. Part I Information and Security Valuation
  11. 2. Accounting Information and Regression Analysis
  12. 3. Common Stock: Return, Growth, and Risk
  13. 4. Introduction to Valuation Theories
  14. 5. Bond Valuation and Analysis
  15. 6. The Uses and Calculation of Market Indexes
  16. Part II Portfolio Theory and Asset Pricing
  17. 7. Sources of Risks and Their Determination
  18. 8. Risk-Aversion, Capital Asset Allocation, and Markowitz Portfolio-Selection Model
  19. 9. Capital Asset Pricing Model and Beta Forecasting
  20. 10. Index Models for Portfolio Selection
  21. 11. Performance-Measure Approaches for Selecting Optimum Portfolios
  22. 12. The Efficient-Market Hypothesis and Security Valuation
  23. 13. Arbitrage Pricing Theory and Intertemporal Capital Asset Pricing Model
  24. Part III Futures and Option
  25. 14. Futures Valuation and Hedging
  26. 15. Commodity Futures, Financial Futures, and Stock-Index Futures
  27. 16. Options and Option Strategies
  28. 17. Option Pricing Theory and Firm Valuation
  29. 18. Decision Tree and Microsoft Excel Approach for Option Pricing Model
  30. 19. Normal, Log-Normal Distribution, and Option Pricing Model
  31. 20. Comparative Static Analysis of the Option Pricing Models
  32. Part IV Applied Portfolio Management
  33. 21. Security Analysis and Mutual Fund Performance
  34. 22. International Diversification and Asset Pricing
  35. 23. Bond Portfolios: Management and Strategy
  36. 24. Portfolio Insurance and Synthetic Options
  37. Part V Special Topics
  38. 25. Capturing Equity Risk Premia
  39. 26. Simultaneous Equation Models for Security Valuation
  40. 27. Itô’s Calculus: Derivation of the Black-Scholes Option Pricing Model
  41. Appendix Tables
  42. Acknowledgments
  43. Author Index
  44. Subject Index