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Author :
Publisher :
ISBN 13 :
Total Pages : 115 pages
Book Rating : 4.:/5 (915 download)
Download or read book Evaluation of Investment Opportunities with Emphasis on Risk and Return written by and published by . This book was released on 2005 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J.C. Hull
Publisher : Elsevier
ISBN 13 : 1483296296
Total Pages : 192 pages
Book Rating : 4.4/5 (832 download)
Download or read book The Evaluation of Risk in Business Investment written by J.C. Hull and published by Elsevier. This book was released on 2014-06-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides finance specialists in industry and students of management with a comprehensive set of practical procedures for evaluating the total risk in the major capital investment decisions facing a business. It discusses in detail how companies can make effective use of sensitivity analyses, risk simulations and other techniques, and deals in depth with important issues, such as: How should the results of a sensitivity analysis be interpreted?; How can adequate subjective probability distributions be obtained? How can dependencies between variables be dealt with in a practical way?; The emphasis throughout is on 'how to do it' and the reader needs only a slight knowledge of statistics. A particularly important feature of the book is the FORTRAN subroutines in Appendices A and B which the author prepared for calculating risk evaluations
Author : Charles P. Jones
Publisher : John Wiley & Sons
ISBN 13 : 9788126512645
Total Pages : 674 pages
Book Rating : 4.5/5 (126 download)
Download or read book Investments: Analysis And Management, 9Th Ed written by Charles P. Jones and published by John Wiley & Sons. This book was released on 2007-06-14 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bestseller teaches readers not only how to identify successful investment opportunities, but how to anticipate and deal with investment problems and controversies. Jones carefully and gradually develops key concepts, while covering all the necessary background material. The book also helps the reader learn how to access and evaluate investment information and analyze investment opportunities, leading to good decisions when investing.· Understanding Investments · Investment Alternatives · Indirect Investing · Securities Markets · How Securities Are Traded · The Returns And Risks From Investing · Portfolio Theory · Portfolio Selection · Asset Pricing Models · Common Stock Valuation · Common Stocks: Analysis And Strategy · Market Efficiency · Economy/Market Analysis · Sector/Industry Analysis · Company Analysis · Technical Analysis · Bond Yields And Prices · Bonds: Analysis And Strategy · Options · Futures · Portfolio Management · Evaluation Of Investment Performance
Author : Chris f Agar
Publisher : Elsevier
ISBN 13 : 0080476384
Total Pages : 444 pages
Book Rating : 4.0/5 (84 download)
Download or read book Capital Investment & Financing written by Chris f Agar and published by Elsevier. This book was released on 2005-05-06 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: The requirement to maximise value for shareholders is at the core of any corporate investment or financing decision. The intrinsic value of proposed investments should be assessed before deciding how much capital to allocate; the benefits and risks associated with each available source of finance should be considered when capital is being raised; and capital, and any associated financial risks, should be managed in a way that continues to maximise value. At every stage, an analysis should be carried out to ensure the decision is optimal for shareholders and other capital providers.This book provides practical guidance on the application of financial evaluation techniques and methods (mainly covered in Appendices), as well as comprehensive coverage of traditional corporate finance topics, discussed in the context of capital investment, raising and management and financial risk management (using derivatives). Models, formulae and other quantitative techniques are illustrated in over 100 examples (using only basic mathematics). Topics discussed include the following:* business appraisal using financial ratios* corporate valuation (mainly discounted cash flow and real options)*investment appraisal techniques* acquisition structuring and evaluation* the nature of loans and loan agreements* features and pricing of bonds (straight and convertible)* leasing (including leveraged leasing)* equity raising (Initial Public Offerings)* long and short term capital management* basic pricing of derivatives (forwards, futures, options, swaps)* interest rate and currency risk management using derivativesCapital Investment & Financing provides a comprehensive, in-depth coverage of concepts, methods and techniques involved when evaluating acquisitions and other investments, assessing financing opportunities, and managing capital. The core chapters provide practical guidance on key corporate finance topics; the Appendices contain more quantitative material, focusing on pricing techniques. Examples are used throughout, and an integrated case study (fictional) in the final Appendix uses many of the techniques discussed.*Discusses all key areas of corporate investing and financing, focusing on key financial issues *Concise, thorough and technical, it enables to reader to acquire knowledge effectively *Can be used in everyday analysis and decision making
Author : Patrick Boyle
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 1547401214
Total Pages : 298 pages
Book Rating : 4.5/5 (474 download)
Download or read book Trading and Pricing Financial Derivatives written by Patrick Boyle and published by Walter de Gruyter GmbH & Co KG. This book was released on 2018-12-17 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trading and Pricing Financial Derivatives is an introduction to the world of futures, options, and swaps. Investors who are interested in deepening their knowledge of derivatives of all kinds will find this book to be an invaluable resource. The book is also useful in a very applied course on derivative trading. The authors delve into the history of options pricing; simple strategies of options trading; binomial tree valuation; Black-Scholes option valuation; option sensitivities; risk management and interest rate swaps in this immensely informative yet easy to comprehend work. Using their vast working experience in the financial markets at international investment banks and hedge funds since the late 1990s and teaching derivatives and investment courses at the Master's level, Patrick Boyle and Jesse McDougall put forth their knowledge and expertise in clearly explained concepts. This book does not presuppose advanced mathematical knowledge, though it is presented for completeness for those that may benefit from it, and is designed for a general audience, suitable for beginners through to those with intermediate knowledge of the subject.
Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
ISBN 13 : 1119238145
Total Pages : 579 pages
Book Rating : 4.1/5 (192 download)
Download or read book Portfolio Construction and Analytics written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2016-03-23 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed, multi-disciplinary approach to investment analytics Portfolio Construction and Analytics provides an up-to-date understanding of the analytic investment process for students and professionals alike. With complete and detailed coverage of portfolio analytics and modeling methods, this book is unique in its multi-disciplinary approach. Investment analytics involves the input of a variety of areas, and this guide provides the perspective of data management, modeling, software resources, and investment strategy to give you a truly comprehensive understanding of how today's firms approach the process. Real-world examples provide insight into analytics performed with vendor software, and references to analytics performed with open source software will prove useful to both students and practitioners. Portfolio analytics refers to all of the methods used to screen, model, track, and evaluate investments. Big data, regulatory change, and increasing risk is forcing a need for a more coherent approach to all aspects of investment analytics, and this book provides the strong foundation and critical skills you need. Master the fundamental modeling concepts and widely used analytics Learn the latest trends in risk metrics, modeling, and investment strategies Get up to speed on the vendor and open-source software most commonly used Gain a multi-angle perspective on portfolio analytics at today's firms Identifying investment opportunities, keeping portfolios aligned with investment objectives, and monitoring risk and performance are all major functions of an investment firm that relies heavily on analytics output. This reliance will only increase in the face of market changes and increased regulatory pressure, and practitioners need a deep understanding of the latest methods and models used to build a robust investment strategy. Portfolio Construction and Analytics is an invaluable resource for portfolio management in any capacity.
Author : Johann Gross
Publisher : GRIN Verlag
ISBN 13 : 3656749337
Total Pages : 30 pages
Book Rating : 4.6/5 (567 download)
Download or read book Opportunities and Risks of Closed-End Funds for Private and Corporate Investors written by Johann Gross and published by GRIN Verlag. This book was released on 2014-09-24 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Business economics - Investment and Finance, grade: 1,3, University of applied sciences, Nürnberg (IOM), course: International Investment & Controlling, language: English, abstract: Capital markets provide many investment opportunities, but CEFs offer the possibility of high returns and attractive alternative investments. The fund subjects can vary and so many categories have been established during the last decades. Today, investments in real estates, ships, renewable energy, planes, and other divisions are open for private and corporate investors. The main challenge for the investor is to understand the product, which is essential for an investment decision. The conception and operative stage of a fund is complex and sophisticated why many investors keep distance to these type of investments. The previous market development has shown that there are many risks and opportunities given which have to be considered. An evaluation of these aspects is cru-cial to the investment success and should be clearly observed. The legislator has stan-dardized the information system of CEFs to offer the possibility of well-arranged in-formation which is intelligible to all. Summing up, an investor has to identify the main risks and opportunities of a CEF investment and then to evaluate the possible return consistent with his portfolio strategy.
Author : Sheridan Titman
Publisher : Pearson Education India
ISBN 13 : 9788131725832
Total Pages : 592 pages
Book Rating : 4.7/5 (258 download)
Download or read book Valuation: Analyzing Global Investment Opportunities written by Sheridan Titman and published by Pearson Education India. This book was released on 2011 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ingrid Vancas
Publisher : Diplomica Verlag
ISBN 13 : 3836685930
Total Pages : 103 pages
Book Rating : 4.8/5 (366 download)
Download or read book Due Diligence and Risk Assessment of an Alternative Investment Fund written by Ingrid Vancas and published by Diplomica Verlag. This book was released on 2010-04 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the book is to provide practical guidance for the investor when compiling due diligence and deciding on an investment or against it. The focus of the book lays on the risk assessment and due diligence. It captures fund's internal and external risks and the investment style specific risks. The aim is to provide sound guidance to the alternative investment fund selection. The UCITS 3 directive widens investment tools for the traditional asset managers by allowing short selling of securities and diminishing the gap between the traditional and the alternative asset management industry and attracting traditional managers to the alternative investment universe. The author concentrates on three categories: Relative Value and Market Neutral, Event Driven and Opportunistic alternative investment funds. Whilst the industry is generally categorized into certain fund types it has to be stated that every fund is different and will have different risk attributes. Within the specific categories major risks will be the same, as the exposure towards the specific underlying will be similar. Still every single fund has to be examined on its own in detail, as it will have the specific alpha generating competitive advantage. Thus the author suggests a pre-selection of the potential fund manager or the management team by analysing the team and the fund's performance first. The analysis goes through the quantitative figures and the qualities of the management team. Detailed knowledge about the strategies and its fit into the portfolio is worthless unless the investor is able to select the performing manager. Without that skill the probability of ending up with an underperforming alternative investment fund or a blow-up is huge. The analysis of the management team qualities shows behaviour patterns helping to detect management teams, which are tending towards moral hazard. Secondly, the alternative investment fund style specific risks are examined. The author gives an overview
Author : H. Kent Baker
Publisher : John Wiley & Sons
ISBN 13 : 0470569506
Total Pages : 533 pages
Book Rating : 4.4/5 (75 download)
Download or read book Capital Budgeting Valuation written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2011-06-28 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential guide to valuation techniques and financial analysis With the collapse of the economy and financial systems, many institutions are reevaluating what they are willing to spend money on. Project valuation is key to both cost effectiveness measures and shareholder value. The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the book emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth. Offers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy Provides coverage of international topics based on the premise that managers should view business from a global perspective Emphasizes the importance of using real options Comprised of contributed chapters from both experienced professionals and academics, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.
Author : Sheridan Titman
Publisher : Addison Wesley Longman
ISBN 13 : 9780321336095
Total Pages : 556 pages
Book Rating : 4.3/5 (36 download)
Download or read book Valuation written by Sheridan Titman and published by Addison Wesley Longman. This book was released on 2008 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Valuation: The Art and Science of Making Corporate Investment Decisions" is the first textbook to offer an integrated approach to both project and enterprise valuation. The text goes beyond standard DCF analysis by including additional valuation methods commonly used in practice, such as comparables, simulations, and real options. Overview of Evaluation. Project Analysis Using Discounted Cash Flow (DCF): Forecasting and Valuing Cash Flows; Project Risk Analysis. Cost of Capital: Estimating a Firm's Cost of Capital; Estimating Required Rates of Return for Projects. Enterprise Valuation: Relative Valuation Using Market Comparables; Enterprise Valuation; Valuation in a Private Equity Setting; Earnings Dilution, Incentive Compensation, and Project Selection. Futures, Options, and the Valuation of Real Investments: Using Futures and Contractual Options to Value Real Investments; Managerial Flexibility and Project Valuation: Real Options; Strategic Options: Evaluating Strategic Opportunities. For all readers interested in project and enterprise valuation.
Author : Ana Cristina Fernandes
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (129 download)
Download or read book Evaluation of Investment Strategies with Options written by Ana Cristina Fernandes and published by . This book was released on 2002 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial literature has revealed that option strategies originate asymmetric return distributions, providing new investment opportunities, particularly in the control and reduction of risk. On the other hand, given the inadequacy of the measures based upon mean and variance, we highlight the work of Leland (1999), which proposes a modification of the traditional risk measure (beta) of the Capital Asset Pricing Model (CAPM) to incorporate other moments of the return distributions. In this context, we applied this methodology on six dynamic hedging strategies with options on the FTSE 100 Index (covered calls at-, in- and out-of-the-money and protective puts at-, in- and out-of-the-money), in the sense of evaluating its performance. The results indicate that the new risk measure is statistically more significant than the traditional beta of CAPM, for that the information supplied by the measure of the performance (modified alpha) seems to be more reliable. However, the values of modified alphas reveal that these dynamic strategies result in excess returns close to zero (as theoretically expected), suggesting that the market price of these options appears to be in equilibrium, i.e., the options seem to be correctly priced.
Author : Dale F. Gray
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (219 download)
Download or read book Accounting for Risk and Return in Evaluation Energy Investment Options in Developing written by Dale F. Gray and published by . This book was released on 1982 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Harry M. Markowitz
Publisher : McGraw Hill Professional
ISBN 13 : 0071817948
Total Pages : 270 pages
Book Rating : 4.0/5 (718 download)
Download or read book Risk-Return Analysis: The Theory and Practice of Rational Investing (Volume One) written by Harry M. Markowitz and published by McGraw Hill Professional. This book was released on 2013-09-06 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nobel Prize-winning Father of Modern Portfolio Theory re-introduces his theories for the current world of investing Legendary economist Harry M. Markowitz provides the insight and methods you need to build a portfolio that generates strong returns for the long run In Risk-Return Analysis, Markowitz corrects common misunderstandings about Modern Portfolio Theory (MPT) to help advanced financial practitioners dramatically improve their decision making. In this first volume of a groundbreaking four-part series sure to draw the attention of anyone interested in MPT, Markowitz provides the criteria necessary for judging among risk-measures; surveys a half-century of literature (nearly all of which has been ignored by textbooks) on the applicability of MPT; and presents an empirical study of which functions of mean and some risk-measure is best for those who seek to maximize return in the long run. Harry M. Markowitz is a Nobel Laureate and the father of Modern Portfolio Theory.
Author : Richard A. Brealey
Publisher : MIT Press (MA)
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.3/5 (97 download)
Download or read book An Introduction to Risk and Return from Common Stocks written by Richard A. Brealey and published by MIT Press (MA). This book was released on 1969 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jon A. Christopherson
Publisher : McGraw Hill Professional
ISBN 13 : 0071733183
Total Pages : 14 pages
Book Rating : 4.0/5 (717 download)
Download or read book Portfolio Performance Measurement and Benchmarking, Chapter 12 - Conditional Performance Evaluation written by Jon A. Christopherson and published by McGraw Hill Professional. This book was released on 2009-05-15 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a chapter from Portfolio Performance Measurement and Benchmarking, which will help you create a system you can use to accurately measure your performance. The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. In this book you will discover a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.
Author : Sheridan Titman
Publisher : Addison Wesley Publishing Company
ISBN 13 :
Total Pages : 602 pages
Book Rating : 4.3/5 ( download)
Download or read book Valuation written by Sheridan Titman and published by Addison Wesley Publishing Company. This book was released on 2008 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Valuation: The Art and Science of Corporate Investment Decisions is the first textbook to offer an integrated approach to both project and enterprise valuation. The text goes beyond standard DCF analysis by including additional valuation methods commonly used in practice, such as comparables, simulations (including Crystal Ball®), and real options. In addition, discussions are considered against the backdrop of other quantitative and qualitative corporate issues that affect valuation, including: Organizational structure and incentives: The text examines how the corporate decision-making process as well as the incentive system can positively or negatively affect valuation. Strategic analysis and real options: Real options are presented as a tool to complement executive intuition and provide a more disciplined evaluation process that focuses on creating value. Risk management and hedging: Risks associated with interest rate fluctuations, variable foreign exchange rates, and fluctuating commodity prices can create hedging and risk management opportunities that affect value. Financing: The ability to secure attractive financing terms is an important source of value, and readers should understand how financing opportunities influence the value of an investment opportunity. Irrational behavior: The text examines how limitations in cognitive abilities and biases in assessing abilities of key players can affect valuation.
