TAILIEUCHUNG - Lecture Investments: Principles of portfolio and equity analysis: Chapter 11 - CFA Institute

Chapter 11 - Equity market valuation. This chapter illustrates the application of economic forecasts to the valuation of equity markets. Although many factors interact to determine whether equity prices are currently rising or falling, economic fundamentals will ultimately dictate secular equity market price trends. | Chapter 11 Equity Market Valuation Presenter Venue Date This chapter illustrates the application of economic forecasts to the valuation of equity markets. Although many factors interact to determine whether equity prices are currently rising or falling, economic fundamentals will ultimately dictate secular equity market price trends. Section 2 uses GDP forecasts for a developing country, China, to develop inputs for a discounted cash flow valuation of that country’s equity market. Section 3 contrasts the top-down and bottom-up valuation approaches. Section 4 explains and critiques popular earnings- and asset-based models to relative equity market valuation. Section 5 summarizes the reading. DISCLAIMER: Candidates should understand that this presentation is NOT a substitute for a thorough understanding of the CFA Program curriculum. This presentation is also NOT necessarily a reflection of all the knowledge and skills needed for candidates to successfully complete questions regarding

• Quỹ đầu tư
• Investment analysis
• Principles of portfolio
• Lecture Investments
• Equity analysis
• Portfolio management
• 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