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第 3 门课程(共 7 门)

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可灵活调整截止日期

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完成时间大约为29 小时

建议:4 weeks of study, 6-8 hours/week...

英语(English)

字幕:英语(English)

您将获得的技能

StockFinanceInvestment StrategyInvestment

第 3 门课程(共 7 门)

开始攻读学位

尝试观看 Illinois iMBA 学位 学位的课程视频、阅读课程以及完成自主学习作业

100% 在线

立即开始,按照自己的计划学习。

可灵活调整截止日期

根据您的日程表重置截止日期。

完成时间大约为29 小时

建议:4 weeks of study, 6-8 hours/week...

英语(English)

字幕:英语(English)

教学大纲 - 您将从这门课程中学到什么

1
完成时间为 2 小时

Course Overview

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. The orientation also helps you obtain the technical skills required for the course.

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1 个视频 (总计 27 分钟), 8 个阅读材料, 1 个测验
1 个视频
8 个阅读材料
About this Course: Ratings and Reviews10分钟
Syllabus10分钟
Scott's Advice on How to View and Take This Course10分钟
Excel Instructions for Installing Solver and Data Analysis10分钟
Options for Completing Assignments without Excel10分钟
About the Discussion Forums10分钟
Social Media10分钟
Getting to Know Your Classmates10分钟
1 个练习
Orientation Quiz10分钟
完成时间为 10 小时

Module 1: Investments Toolkit and Portfolio Formation

In Module 1, we will build the fundamentals of portfolio formation. After providing a brief refresher of basic investment concepts (our toolkit), a summary of historical patterns of stock returns and government securities in the U.S. is provided. We then consider general examples of portfolio choice to highlight the tradeoffs between “risk” and return. We end the module with a discussion of dominated assets and efficient portfolio formation, emphasizing real-world examples and practice in Excel solving for the optimal portfolio given certain constraints (such as the amount of volatility we will accept in our portfolio).

...
27 个视频 (总计 312 分钟), 3 个阅读材料, 3 个测验
27 个视频
Objectives and Assumptions of Classical Finance2分钟
Why Discount?11分钟
Different Return Measures8分钟
Firm Characteristics Relevant for Investments10分钟
Zero-Cost Portfolio8分钟
Statistical Techniques & Excel6分钟
What We've Learned3分钟
Historical Returns in the U.S.23分钟
Return and Risk: Intro to Portfolios27分钟
Objectives and Source of Data for Examples2分钟
Asset Allocation with One Risky and One Risk-Free Asset11分钟
Asset Allocation with Two Risky Assets27分钟
Real-World Example of a Dominated Asset14分钟
What We've Learned2分钟
ASSIGNMENT 1: Portfolio Choice When Change Correlations10分钟
DISCUSSION OF ASSIGNMENT 1: Portfolio Choice When Change Correlations14分钟
Objectives5分钟
Example 1: Calculating Efficient Portfolios of Risky Assets13分钟
Example 2: Calculating Efficient Portfolios of Risky Assets28分钟
What We've Learned1分钟
Module 1 Review6分钟
ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations10分钟
DISCUSSION OF ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations14分钟
ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios15分钟
DISCUSSION OF ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios17分钟
Like this course? Learn more with the iMBA! (optional)1分钟
3 个阅读材料
Module 1 Overview10分钟
Module 1 Readings10分钟
Module 1 Spreadsheets10分钟
1 个练习
Module 1 Quiz24分钟
2
完成时间为 7 小时

Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)

In Module 2, we will develop the financial intuition that led to the Capital Asset Pricing Model (CAPM), starting with the Separation Theorem of Investments. We will understand that in a CAPM setting, only the market-wide risk of an asset is priced – securities with greater sensitivity to the market are required by investors to yield higher returns on average. We will also learn how to interpret regressions that provide us with both a benchmark to use for a security given its risk (determined by its beta), as well as a risk-adjusted measure of the security’s performance (measured by its alpha).

...
21 个视频 (总计 227 分钟), 3 个阅读材料, 2 个测验
21 个视频
Objectives2分钟
Final General Portfolio Example and Tangency Portfolio15分钟
Two-Fund Separation Theorem and Applications10分钟
What We've Learned1分钟
Examples of Reducing Portfolio Risk20分钟
Objectives48
Development of the CAPM18分钟
The CAPM and BETA21分钟
The CAPM and ALPHA5分钟
What We've Learned1分钟
Objectives50
Practice Problem & Introduction to Interpreting CAPM Regressions10分钟
CAPM Example 1: Coca Cola16分钟
CAPM Example 2: Balanced Fund6分钟
How to Estimate CAPM and What We've Learned4分钟
PREPARING for Evaluation of the Small-Value Stock Investment Strategy, 1927-201434分钟
RESULTS from Evaluation of the Small-Value Stock Investment Strategy, 1927-201418分钟
Module 2 Review6分钟
ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities6分钟
DISCUSSION OF ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities14分钟
3 个阅读材料
Module 2 Overview10分钟
Module 2 Readings10分钟
Module 2 Spreadsheets10分钟
1 个练习
Module 2 Quiz24分钟
3
完成时间为 7 小时

Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency

In Module 3, we will discuss different asset-pricing models, the pros and cons of each, and market efficiency. In particular, we will test the effectiveness of the Capital Asset Pricing Model (CAPM) and examine survey data concerning its use by chief financial officers (CFOs) of firms. Predictable patterns in stock returns, such as the size and value effects, will also be examined and the Fama-French 3-Factor Model will be introduced. Market efficiency will be discussed in this module, as well as its implications for the asset-management industry and observed patterns in stock returns.

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18 个视频 (总计 245 分钟), 3 个阅读材料, 2 个测验
18 个视频
Objectives and Uses of CAPM4分钟
Testing the CAPM11分钟
Defending the CAPM14分钟
Market Anomalies: Small-Firm and Value Effects15分钟
Interpretation of Market Anomalies9分钟
Investigating "Long Value Short Growth" Strategy20分钟
What We've Learned2分钟
Objectives1分钟
Multi-Factor Models16分钟
Matching9分钟
What We've Learned4分钟
Use Domestic or Global Factors?20分钟
Return-Risk Model Used by Chief Financial Officers (CFOs)13分钟
Market Efficiency35分钟
Module 3 Review11分钟
ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201411分钟
DISCUSSION OF ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201436分钟
3 个阅读材料
Module 3 Overview10分钟
Module 3 Readings10分钟
Module 3 Spreadsheets10分钟
1 个练习
Module 3 Quiz24分钟
4
完成时间为 6 小时

Module 4: Investment Finance and Corporate Finance: Firm Valuation

In Module 4, we will learn about the two key approaches to valuing a company or stock: market multiples and discounted cash flow. We will learn how to value perpetuities and will discuss how caution should be exercised in terms of projecting both the growth in long-term cash flows and the riskiness of those cash flows – two key components of the perpetuity formula. Finally, to gain experience with the market multiples approach, we will estimate a value of Google at the time of its initial public offering (IPO) back in 2004 using market data on Yahoo! as a comparable firm.

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27 个视频 (总计 310 分钟), 2 个阅读材料, 1 个测验
27 个视频
Objectives1分钟
Formula for Valuing a Perpetuity12分钟
Real-World Examples and Perpetuity Problems21分钟
What We've Learned2分钟
Objectives3分钟
Market Multiples Approach to Valuation9分钟
Income Approach to Valuation: Introduction17分钟
Income Approach to Valuation: Discount Rate17分钟
Income Approach to Valuation: Cash Flows8分钟
Income Approach to Valuation: Terminal Value, Price-to-Earnings Ratio, & Discounting of Cash Flows19分钟
Fudge Factors to Valuation and What We've Learned6分钟
Objectives2分钟
Microsoft Example17分钟
Betas of Small & Large Firms and Betas Across Industries17分钟
What We've Learned4分钟
Caution in Projecting Firm Growth Rates31分钟
Objectives1分钟
Defined-Benefit (DB) Pension Plan Liabilities and Their Valuation16分钟
Valuing a Stream of Fixed Liabilities19分钟
Investment Policy of Pension Benefit Guaranty Corporation (PBGC)6分钟
What We've Learned3分钟
Objectives1分钟
Valuation of Google at Its Initial Public Offering (IPO): First Attempt14分钟
Valuation of Google at Its Initial Public Offering (IPO): Digging Deeper21分钟
What We've Learned2分钟
Module 4 Review7分钟
2 个阅读材料
Module 4 Overview10分钟
Module 4 Readings10分钟
1 个练习
Module 4 Quiz24分钟
完成时间为 15 分钟

Course Conclusion

In this module, we say goodbye to the Investments course as key takeaways from the course are reviewed. A tease is also provided to topics that will be covered in Professor Weisbenner's second course on Investments.

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1 个视频 (总计 15 分钟)
1 个视频
4.7
95 个审阅Chevron Right

80%

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来自Investments I: Fundamentals of Performance Evaluation的热门评论

创建者 DHNov 12th 2016

This was a fantastic course, with a realistically attainable amount of material, and a humble, knowledgable professor whose teaching style makes a normally difficult topic very easy to understand.

创建者 KLDec 7th 2017

Professor Weisbenner is fabulous! He is able to make anyone understand complex investment topics through his delivery and curriculum design. You are missing out not taking Investments from him!

讲师

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Scott Weisbenner

William G. Karnes Professor of Finance
Department of Finance, College of Business

领先获取学位

此 课程 隶属于 伊利诺伊大学香槟分校 提供的 100% 在线 Master of Business Administration (iMBA)。立即开始学习开放课程或专项课程,观看 iMBA 教师的课程并完成自主学习作业。 完成每门课程后,您将获得一个证书,您可以添加到 LinkedIn 和简历中。 如果申请并被录取参加全部课程,您的课程将计入您的学位学习进程。

关于 伊利诺伊大学香槟分校

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

关于 财务管理 专项课程

This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making. The Financial Management Specialization is part of the University of Illinois iMBA Program. Each course in this Specialization also fulfills a portion of the requirements for a University of Illinois course that can earn you college credit. When you complete the Financial Management Specialization, you will: · Have a solid foundation in developing an integrated framework for strategic financial decision-making. · Have a thorough understanding of financial statements and the financial information they provide, and be able to critically evaluate and analyze cash flows statements. · Understand the management and evaluation of portfolios and firm valuation techniques. · Understand how to incorporate risk and uncertainty into investment decisions and understand how companies make financing and investment decisions....
财务管理

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