课程信息
4.6
217 个评分
34 个审阅
专项课程
100% 在线

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

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(小时)

完成时间大约为31 小时

建议:5 weeks...
可选语言

英语(English)

字幕:英语(English)

您将获得的技能

Risk ManagementPortfolio ConstructionRisk AnalysisPortfolio Optimization
专项课程
100% 在线

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

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(小时)

完成时间大约为31 小时

建议:5 weeks...
可选语言

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(小时)
完成时间为 5 小时

Module 1- Introduction & Risk and Return

This module introduces the second course in the Investment and Portfolio Management Specialization. In this module, we discuss one of the main principles of investing: the risk-return trade-off, the idea that in competitive security markets, higher expected returns come only at a price – the need to bear greater risk. We develop statistical measures of risk and expected return and review the historical record on risk-return patterns across various asset classes. ...
Reading
10 个视频 (总计 64 分钟), 11 个阅读材料, 4 个测验
Video10 个视频
Overview – No free lunches! Risk and return trade-off4分钟
Measuring returns: Geometric average returns6分钟
Measuring returns: Arithmetic average returns4分钟
Measuring risk: Volatility of returns8分钟
Alternative measures of risk7分钟
More on measuring risk and risk measures4分钟
Measuring risk and return: Illustration with four stocks8分钟
Historical record on risk-return patterns8分钟
Summary1分钟
Reading11 个阅读材料
Grading Policy10分钟
How to use discussion forums10分钟
Meet & Greet: Get to know your classmates10分钟
Pre-Course Survey10分钟
Lecture handouts: Risk and return: Measuring returns10分钟
Risk and return: Measuring returns Quiz Solutions10分钟
Lecture handouts: Risk and return: Measuring risk10分钟
Risk & Return: Measuring risk Quiz solutions10分钟
Lecture handouts: Risk and return: Historical record10分钟
Investing: Stocks for the long run (optional)10分钟
Module 1: Risk & Return Solutions10分钟
Quiz3 个练习
Risk and return: Measuring returns10分钟
Risk & Return: Measuring risk10分钟
Module 1: Risk & Return20分钟
2
完成时间(小时)
完成时间为 6 小时

Module 2: Portfolio construction and diversification

In this module, we build on the tools from the previous module to develop measure of portfolio risk and return. We define and distinguish between the different sources of risk and discuss the concept of diversification: how and why putting risky assets together in a portfolio eliminates risk that yields a portfolio with less risk than its components. Finally, we review the quantitative tools that help us identify the ‘best’ portfolios with the least risk for a given level of expected return by considering a numerical example using international equity data....
Reading
16 个视频 (总计 83 分钟), 12 个阅读材料, 6 个测验
Video16 个视频
Measuring the expected return of a portfolio8分钟
Let’s review how we measure risk for a single asset4分钟
Finding the volatility of a portfolio return3分钟
Portfolio volatility: Another example2分钟
Measuring the co-movement between securities9分钟
Putting it all together… portfolio risk and diversification7分钟
Diversification and portfolio risk3分钟
Diversification: A graphical illustration with two assets4分钟
Diversification: A graphical illustration with three assets3分钟
Diversification: Systematic risk and idiosyncratic risk7分钟
Diversification: An illustration from international equity markets (US and Japan only)11分钟
Mean-variance frontier and efficient portfolios: International equity investment example (G5 countries)5分钟
Are you diversified adequately?4分钟
Mean-variance portfolio analysis5分钟
Summary1分钟
Reading12 个阅读材料
Lecture handouts: Measuring portfolio expected return0
Measuring expected portfolio return Quiz solutions10分钟
Lecture handouts: Measuring portfolio volatility0
Measuring portfolio volatility Quiz solutions10分钟
Accompanying spreadsheets for "Diversification: An illustration from international equity markets (US and Japan only)"10分钟
A Note on using EXCEL Solver10分钟
Lecture handouts: Diversification and portfolio risk0
Lecture handouts: Mean-variance frontier and efficient portfolios: International equity investment example0
Diversification and portfolio risk Quiz solutions10分钟
Equity investing: Globalization and diversification (optional)10分钟
Lecture handouts: Are you adequately diversified?0
Module 2: Portfolio construction and diversification- Solutions10分钟
Quiz4 个练习
Measuring expected portfolio return16分钟
Measuring portfolio volatility20分钟
Diversification and portfolio risk30分钟
Module 2: Portfolio construction and diversification20分钟
3
完成时间(小时)
完成时间为 2 小时

Module 3: Mean-variance preferences

In this module, we describe how investors make choices. Specifically, we look at how utility functions are used to express preferences. We review measures to describe investors’ attitude towards risk. Finally, we discuss how we can summarize investors’ preferences using a specific utility function: mean-variance preferences. ...
Reading
7 个视频 (总计 47 分钟), 7 个阅读材料, 3 个测验
Video7 个视频
Preferences: Utility functions8分钟
Risk aversion9分钟
Expected utility6分钟
Mean-variance preferences8分钟
Portfolio choice problem with mean-variance preferences: A graphical illustration with equity and bond data10分钟
Summary1分钟
Reading7 个阅读材料
Lecture handouts: Utility and risk aversion0
A note on measuring risk aversion and certainty equivalent10分钟
Utility and Risk aversion Quiz solutions10分钟
Lecture handouts: Mean-variance preferences0
Portfolio choice with mean-variance preferences quiz solutions10分钟
Measure your own risk tolerance10分钟
Module 3: Mean-variance preferences- Solutions10分钟
Quiz3 个练习
Utility and risk aversion10分钟
Portfolio choice with mean-variance preferences16分钟
Module 3: Mean-variance preferences12分钟
4
完成时间(小时)
完成时间为 5 小时

Module 4: Optimal capital allocation and portfolio choice

In this module, you will learn about mean-variance optimization: how to make optimal capital allocation and portfolio choice decisions when investors have mean-variance preferences. This was one of the ground-breaking ideas in finance. We will formally set up the investor’s portfolio choice problem and learn step-by-step how to solve for the optimal allocation and risky portfolio choice given a set of risky securities. You will also have an opportunity to apply these techniques to a numerical example. This module is slightly more technical than the others. Stick with it… you will not regret it!...
Reading
10 个视频 (总计 63 分钟), 12 个阅读材料, 3 个测验
Video10 个视频
Capital allocation line11分钟
Solving for the optimal capital allocation7分钟
Optimal capital allocation example: U.S. equities and Treasuries10分钟
Finding the optimal risky portfolio: Maximizing the Sharpe ratio6分钟
Main insight: The optimal risky portfolio is independent of preferences2分钟
Finding the optimal risk portfolio when you have multiple risky securities10分钟
Investment decision process5分钟
What’s wrong with mean-variance portfolio analysis?4分钟
Summary2分钟
Reading12 个阅读材料
A note on optimal capital allocation10分钟
Accompanying spreadsheets for "Optimal Capital Allocation Example: US Equities and Treasuries"10分钟
Lecture handouts: Mean-variance optimization0
Mean-variance optimization Quiz solutions10分钟
Analytical solution to MVE portfolio (two risky assets)10分钟
A note on finding the mean variance efficient portfolio (Two risky assets)10分钟
Accompanying spreadsheets for "Finding the optimal risky portfolio: Maximizing the Sharpe ratio"10分钟
A note on finding the minimum variance frontier with multiple risky assets10分钟
Accompanying spreadsheet for finding minimum variance frontier with multiple risky assets10分钟
Lecture handouts: Optimal risky portfolio choice0
Lecture handouts0
Optimal capital allocation and portfolio choice- Solutions10分钟
Quiz2 个练习
Mean-variance optimization10分钟
Optimal capital allocation and portfolio choice18分钟
4.6
34 个审阅Chevron Right

热门审阅

创建者 AHDec 17th 2016

I really enjoyed this course. Sometimes it required a lot of discipline to analyse investigate, but at the end I've learn a lot.

创建者 AANov 11th 2018

This is the most informative in depth short course i ever across. Learned a lot!

讲师

Avatar

Arzu Ozoguz

Finance Faculty
Jones Graduate School of Business

关于 Rice University

Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy....

关于 Investment and Portfolio Management 专项课程

In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing. All investors – from the largest wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will begin with an overview of global financial markets and instruments that characterize the investment opportunities available to today’s investor. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies. By the end of your Capstone Project, you will have mastered the analytical tools, quantitative skills, and practical knowledge necessary for long-term investment management success. To see an overview video for this Specialization, click here!...
Investment and Portfolio Management

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