TAILIEUCHUNG - Lecture Investments: Principles of portfolio and equity analysis: Chapter 6 - CFA Institute

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. | Chapter 6 Portfolio Risk and Return: Part II Presenter Venue Date The chapter is organized as follows: In Section 2, the consequences of combining a risk-free asset with the market portfolio are discussed and an interpretation of the capital market line is provided. Section 3 decomposes total risk into systematic and nonsystematic risk and discusses the characteristics of and differences between the two kinds of risk. Return-generating models are introduced, including the single-index model, and the calculation of beta is illustrated by using formulas and graphically by using the security characteristic line. In Section 4, the capital asset pricing model (CAPM) and the security market line (SML) are introduced. Applications of the CAPM and the SML are made throughout the reading, including the use of expected return in making capital budgeting decisions, the evaluation of portfolios using the CAPM’s risk-adjusted return as the benchmark, security selection, and the determination of

• Quỹ đầu tư
• Investment analysis
• Principles of portfolio
• Lecture Investments
• Equity analysis
• Portfolio management
• Portfolio risk
• Investment management
• Investment theory
• Investment environment
• Investment companies
• Time value of money
• Characteristics of investment
• Investment portfolio management
• Investment analysis & portfolio management
• Investment background
• Developments in investment theory
• Management of common stocks