Chevron Left
返回到 Investments I: Fundamentals of Performance Evaluation

Investments I: Fundamentals of Performance Evaluation, University of Illinois at Urbana-Champaign

367 个评分
85 个审阅


In this course, we will discuss fundamental principles of trading off risk and return, portfolio optimization, and security pricing. We will study and use risk-return models such as the Capital Asset Pricing Model (CAPM) and multi-factor models to evaluate the performance of various securities and portfolios. Specifically, we will learn how to interpret and estimate 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). Building upon this framework, market efficiency and its implications for patterns in stock returns and the asset-management industry will be discussed. Finally, the course will conclude by connecting investment finance with corporate finance by examining firm valuation techniques such as the use of market multiples and discounted cash flow analysis. The course emphasizes real-world examples and applications in Excel throughout. This course is the first of two on Investments that I am offering online (“Investments II: Lessons and Applications for Investors” is the second course). The over-arching goals of this course are to build an understanding of the fundamentals of investment finance and provide an ability to implement key asset-pricing models and firm-valuation techniques in real-world situations. Specifically, upon successful completion of this course, you will be able to: • Explain the tradeoffs between risk and return • Form a portfolio of securities and calculate the expected return and standard deviation of that portfolio • Understand the real-world implications of the Separation Theorem of investments • Use the Capital Asset Pricing Model (CAPM) and 3-Factor Model to evaluate the performance of an asset (like stocks) through regression analysis • Estimate and interpret the ALPHA (α) and BETA (β) of a security, two statistics commonly reported on financial websites • Describe what is meant by market efficiency and what it implies for patterns in stock returns and for the asset-management industry • Understand market multiples and income approaches to valuing a firm and its stock, as well as the sensitivity of each approach to assumptions made • Conduct specific examples of a market multiples valuation and a discounted cash flow valuation This course was previously entitled “Financial Evaluation and Strategy: Investments” and was part of a previous specialization entitled "Improving Business and Finances Operations", which is now closed to new learner enrollment. “Financial Evaluation and Strategy: Investments” received an average rating of 4.8 out of 5 based on 199 reviews over the period August 2015 through August 2016. You can view a detailed summary of the ratings and reviews for this course in the Course Overview section. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and


创建者 DH

Nov 12, 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 KL

Dec 07, 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!


80 个审阅

创建者 Keith Kendall Dupersoy

Dec 14, 2018

Great course, I learned a lot of new things

创建者 Manohar Ayyagiri

Dec 03, 2018

I did not like the course. I am a visual learner and learn by reading and seeing. Most of the times important material (like formula, conclusions etc.) were left out from the course material. Formulas are given without explanations of individual components. It means that you have to go back to lectures and listen really hard to understand. Maybe the teachers should have given a text book instead.

I don't understand the concept of peer graded assignments - seems to me an absolute waste of everyones time

创建者 Bo Li

Nov 21, 2018

love the course! professor is very funny and extremely knowledgeful! very educational, learned alot in the class.

创建者 Noah Michael Spitler

Nov 21, 2018

Insightful, informative, and entertaining. I thoroughly enjoyed this course.

创建者 Noah Mundt

Nov 21, 2018

Well done!

创建者 Deepen (DJ) Joshi

Nov 21, 2018

I learned a lot from this course. This course has fundamentally changed the way I understand investments. I hope to apply my knowledge in real world situation.

创建者 Vivek Bhamre

Nov 17, 2018

Excellent course. Thank you for introducing to great world of investments.

创建者 Natalia Milena Gomez Arias

Nov 17, 2018

Really good course

创建者 Mahmoud El-Sayed Abdul-Tawab

Nov 16, 2018

too long.

创建者 Jennifer Nybo-Byrd

Nov 15, 2018

The module videos are unnecessarily long. Though there is a lot to cover, I found the course less structured and on point compared to many other courses I’ve taken. Rather than breaking down a complex topic, I felt more confused during this course. I took key concepts and researched on my own to understand the material. After 5 hours of videos in one module, researching further to try to understand what I should be learning in these videos is frustrating. I recommend the professor consider rerecording this course, edit video lectures to 1/2-time (eliminate irrelevant information) tailor the manner of teaching to a beginner level, stay focused on relevant content and avoid digressing. Also, the obvious plugs for the MBA program are unnecessary - professor always mentions what the enrolled students will be doing in addition... that is not necessary for viewers who are not taking this as part of the program. On a positive note, the professor knows this material and is also very passionate about the topic and does his best to inject humor.