Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Performance Evaluation Of Equity Share Market
Download Performance Evaluation Of Equity Share Market full books in PDF, epub, and Kindle. Read online Performance Evaluation Of Equity Share Market ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author :Dr. G. S. Lodhi Publisher :Horizon Books ( A Division of Ignited Minds Edutech P Ltd) ISBN 13 :9386369524 Total Pages :111 pages Book Rating :4.3/5 (863 download)
Book Synopsis PERFORMANCE EVALUATION OF EQUITY SHARE MARKET by : Dr. G. S. Lodhi
Download or read book PERFORMANCE EVALUATION OF EQUITY SHARE MARKET written by Dr. G. S. Lodhi and published by Horizon Books ( A Division of Ignited Minds Edutech P Ltd). This book was released on 2017-11-01 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book “Performance Evaluation of Equity Share Market” blends the core concepts and theories of Equity Share Market. It covers a wide range of topics such as overview of Equity Shares, Preference shares and their differences, Share Market, Stock Exchange, Online Trading and Financial Instruments etc.
Book Synopsis Equity Markets, Valuation, and Analysis by : H. Kent Baker
Download or read book Equity Markets, Valuation, and Analysis written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2020-08-20 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sharpen your understanding of the financial markets with this incisive volume Equity Markets, Valuation, and Analysis brings together many of the leading practitioner and academic voices in finance to produce a comprehensive and empirical examination of equity markets. Masterfully written and edited by experts in the field, Equity Markets, Valuation, and Analysis introduces the basic concepts and applications that govern the area before moving on to increasingly intricate treatments of sub-fields and market trends. The book includes in-depth coverage of subjects including: · The latest trends and research from across the globe · The controversial issues facing the field of valuation and the future outlook for the field · Empirical evidence and research on equity markets · How investment professionals analyze and manage equity portfolios This book balances its comprehensive discussion of the empirical foundations of equity markets with the perspectives of financial experts. It is ideal for professional investors, financial analysts, and undergraduate and graduate students in finance.
Book Synopsis Stock Analysis in the Twenty-First Century and Beyond by : Thomas E. Berghage
Download or read book Stock Analysis in the Twenty-First Century and Beyond written by Thomas E. Berghage and published by Xlibris Corporation. This book was released on 2014-07-29 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, financial analysts have struggled with the fact that practically all the financial measures used to analyze corporate performance lack predictive power when it comes to forecasting the market performance of the company's stock. Numerous academic studies have documented and reported this lack of predictability. Correlation coefficients close to zero have been reported for the relationship between stock market performance and such critical financial measures as earnings growth, sales growth, price/earnings ratio, return on equity, intrinsic value (models based on discounted cash flow or dividends), and many more. It is this disconnect between traditional financial measures and the performance of stocks in the marketplace that has led to the now-famous efficient market hypothesis, the cornerstone of modern portfolio theory. To accept the idea that the future performance of stocks is unpredictable is to say that nothing a company does will affect the future performance of its stock in the market, and that is absurd. It would be more accurate to say that everything a company does will affect the future performance of its stock in the market. The problem with this statement is that it makes the forecasting of future stock performance so complex that it removes it from the realm of human solution.
Book Synopsis Performance Evaluation of Selected Equity Shares in It Industry, India by : Naveen Kumar
Download or read book Performance Evaluation of Selected Equity Shares in It Industry, India written by Naveen Kumar and published by . This book was released on 2019 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock market is a market where a number of securities are traded such as equity shares, debentures, bonds, insurance products, mutual funds etc. mostly the existing securities are traded in this market. India has one of the oldest stock markets in Asia and this stock exchange is the Bombay Stock Exchange which was established in 1875. It was started under the banner of “The Native Stock and Share Brokers Association”. Equity funds have the objective to provide capital appreciation over a long term. A major portion of their investments is in equities which provide potentially superior returns than other avenues of investment. Equity schemes offer potentially the best possible returns among all mutual fund schemes but carry the highest risk as well. The main objectives of this research work is to evaluation of selected equity shares in IT industry, India.
Book Synopsis Portfolio Performance Measurement and Benchmarking, Chapter 12 - Conditional Performance Evaluation by : Jon A. Christopherson
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.
Book Synopsis Performance Evaluation of Global Equity Managers by : Kevin T. Roshak
Download or read book Performance Evaluation of Global Equity Managers written by Kevin T. Roshak and published by . This book was released on 2009 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: How does a "flat" world affect the global investment landscape? Historically, institutional equity managers have been separated into two groups: US and non-US. Managers with a US mandate typically only invest in stocks domiciled in the US, whereas managers with a non-US mandate only invest in stocks domiciled in other countries. However, there is a relatively new set of managers, known as global equity managers, who invest in both US stocks and non-US stocks. Many institutional investors see promise in global equity strategies for the following reasons: 1) If a money manager has skill, then a mandate with less investment restrictions will give the manager more opportunities for alpha (or risk-adjusted returns), and 2) The globalization of world economies yields increasingly correlated stock markets, making the distinction between US and non-US stocks increasingly arbitrary. The set of global managers is small but growing as plan sponsors look for ways to increase risk-adjusted returns. We obtain data on 3650 US managers, 1745 non-US managers, and 287 global equity managers from Wilshire Compass, a popular database used by one third of the top 50 pension funds. To evaluate each manager's performance we analyze the excess returns using a risk model based on a series of common factors, consistent with the literature on mutual fund performance evaluation. These risk factors account for exposures to the market risk, to value-oriented risks, to small cap-oriented risks, and to momentum-oriented risks. Statistical regression results provide little evidence to support the idea that global equity managers can outperform the market on a risk-adjusted basis. We also analyzed the ability of global managers to time the markets-unlike US or non-US managers, global equity managers can shift their portfolio weights into different regions they think will perform relatively well. We found no evidence of timing ability in our sample of global mangers. Finally, global managers who perform well in one sub-period (when adjusting for risk) do not demonstrate significant skill in subsequent periods. In fact, we find that the best global equity managers tend to reveal even less reliable performance persistence than the best US and non-US managers.
Book Synopsis Equity Markets by : Robert Alan Schwartz
Download or read book Equity Markets written by Robert Alan Schwartz and published by HarperCollins Publishers. This book was released on 1988 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Useful is the Information Ratio to Evaluate the Performance of Portfolio Managers? by : Christoph Schneider
Download or read book How Useful is the Information Ratio to Evaluate the Performance of Portfolio Managers? written by Christoph Schneider and published by GRIN Verlag. This book was released on 2009-07 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2009 in the subject Business economics - Investment and Finance, grade: A (German Grade: 1,0), European Business School - International University Schlo Reichartshausen Oestrich-Winkel (Union Investment Chair of Asset Management), language: English, abstract: The idea of comparing the performance of different risky investments, for example investment funds, on a quantitative basis dates back to the beginnings of the asset management industry and has been an important field of research in finance since then. Performance measures serve as valuable quantitative evidence for the portfolio manager's performance as well as for the evaluation of investment decisions ex post. Based on the idea of the capital asset pricing model proposed by Treynor (1961), Sharpe (1964), and Lintner (1965), Treynor (1965) developed the first quantitative performance measure intended to rate mutual funds, the Treynor Ratio. Since then, a large number of performance measures with very different characteristics have been developed, for example by Sharpe (1966), Jensen (1968), Treynor & Black (1973), Sortino & Price (1994), and Israelsen (2005). In addition to their power of rating investments ex post, their ability to predict future performance has been thoroughly analyzed by Grinblatt & Titman (1992), Brown & Goetzmann (1995), Carhart (1997), and others. Besides academia, the driving force behind the development of more sophisticated performance measures has always been the investors. This is understandable, as "the truly poor managers are afraid, the unlucky managers will be unjustly condemned, and the new managers have no track record. Only the skilled (or lucky) managers are enthusiastic" (Grinold & Kahn, 2000, p. 478). By combining and applying the results of previous research to a new sample of nearly 10,000 mutual funds that invest in different countries and asset classes, this thesis clarifies its central research question: Is the Info
Book Synopsis Equity Valuation and Portfolio Management by : Frank J. Fabozzi
Download or read book Equity Valuation and Portfolio Management written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2011-09-20 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed look at equity valuation and portfolio management Equity valuation is a method of valuing stock prices using fundamental analysis to determine the worth of the business and discover investment opportunities. In Equity Valuation and Portfolio Management Frank J. Fabozzi and Harry M. Markowitz explain the process of equity valuation, provide the necessary mathematical background, and discuss classic and new portfolio strategies for investment managers. Divided into two comprehensive parts, this reliable resource focuses on valuation and portfolio strategies related to equities. Discusses both fundamental and new techniques for valuation and strategies Fabozzi and Markowitz are experts in the fields of investment management and economics Includes end of chapter bullet point summaries, key chapter take-aways, and study questions Filled with in-depth insights and practical advice, Equity Valuation and Portfolio Management will put you in a better position to excel at this challenging endeavor.
Book Synopsis Investment Performance Measurement by : William Bain
Download or read book Investment Performance Measurement written by William Bain and published by Woodhead Publishing. This book was released on 1996-02-28 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is split into four distinct sections to provide a complete account of investment performance measurement. The first section examines the development of the concept of performance measurement with the evolution of benchmarks and the increasing sophistication of performance analysis. The practical implications of performance measurement are tackled in the second section, with particular emphasis on the calculations that can be used to derive a rate of return for a fund and risk is also examined in detail. The third section covers the performance measurement of pension funds over the last 25 years and the lessons that can be learned about the investment performance and measurement process. The final section considers the future prospects for performance measurement and proposes potential future directions for the measurement of investment performance.
Book Synopsis The Equity Risk Premium by : William N. Goetzmann
Download or read book The Equity Risk Premium written by William N. Goetzmann and published by Oxford University Press. This book was released on 2006-11-16 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to create a strong understanding of the empirical basis for the equity risk premium. Through the research and anaylsis of two scholars who are experts in this field, this volume presents the key issues that are paramount to investors, including whether or not to use historical data as a method of equity investing, and can the equity premium reflect changes in fundamental values and cash flows of the market.
Book Synopsis Performance of Private Equity Funds by : Taro Niggemann
Download or read book Performance of Private Equity Funds written by Taro Niggemann and published by GRIN Verlag. This book was released on 2005-09-20 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2005 in the subject Business economics - Investment and Finance, grade: 1.0, Otto Beisheim School of Management Vallendar, course: Doppeldiplomprogramm WHU Koblenz / EM Lyon, language: English, abstract: Private equity is currently replacing hedge funds as the most observed asset class. And while mutual funds experience a decline of assets under management, buyout funds break all records as far as fund raising is concerned. The attractiveness of buyout funds among investors is often attributed to superior returns and to an allegedly lower correlation with other asset classes. However, buyout fund returns also show superior volatility. In addition to that risk factor, investors must face liquidity and transparency risk. It is common agreement that investors are compensated for the elevated risk through a return premium. This and the cited lower correlation prompt more and more investors to add private equity into their portfolios. The wide-spread opinion of superior private equity performance is backed by several studies. But the analysis of these studies reveal that a number of them employ methodologies which are disapproved of by experts on theoretical private equity performance measurement. Furthermore, some have a one-sided notion of financial performance. Benchmarking, risk and correlation data which are crucial for an overall performance assessment often lack. The analysis of a series of technically appropriate, objective studies shows that private equity has historically outperformed public equity with regard to returns, in Europe more than in the United States (US). What remains unsolved is to which extent this return premium rewards the inherent, additional risk of private equity investments. And what is more certain: the prevalent view on correlation seems to be wrong. Empirical evidence and qualitative analysis speak for high correlation between private equity and the major asset classes. The most important driver for individual fund performance appears to be the quality of fund management. Thereby, specialized teams outperform others. Moreover, specialized funds provide investors better opportunity to diversify their private equity portfolio. Fundraising and investment conditions for private equity funds in France and Germany are favorable, but the accomplishment of superior performance will become harder in the future. The rules of the private equity business are changing as operating leverage has replaced financial leverage as the essential value driver.
Book Synopsis Outperform with Expectations-Based Management by : Tom Copeland
Download or read book Outperform with Expectations-Based Management written by Tom Copeland and published by John Wiley & Sons. This book was released on 2011-09-28 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: CEOs and managers live and die by delivering superior performance to shareholders. This is why expectations-based management has been developed. Outperform with Expectations-Based Management (EBM) introduces a revolutionary new performance metric that links performance standards, performance measurement, and the achievement of performance. It's easy to say that if a CEO can get performance measurement right, then performance improvement will follow. But what is the "right" measure of performance, and how do you use it to improve performance? Authors Tom Copeland and Aaron Dolgoff answer these questions and many more, as they show you how to find the measure of performance that has the strongest link to the creation of wealth for the owners of both public and private companies. They answer the puzzle of why growth in earnings is not correlated with shareholder returns and explain the under- and over-investment traps. And they explain how clear communications to investors and managers alike improve value. The bottom line is that share prices go up when companies exceed expectations -- short-term and long-term -- of income statement and balance sheet performance and daily operating value drivers. Gain a complete understanding of EBM and discover how to do this, and much more, while staying competitive in an unforgiving business environment.
Book Synopsis Performance Evaluation of Hedge Funds by : Greg N. Gregoriou
Download or read book Performance Evaluation of Hedge Funds written by Greg N. Gregoriou and published by Beard Books. This book was released on 2003 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains incisive articles dealing with quantitative and qualitative analyses of hedge funds.
Book Synopsis Evaluating the Financial Performance of Pension Funds by : Richard Hinz
Download or read book Evaluating the Financial Performance of Pension Funds written by Richard Hinz and published by World Bank Publications. This book was released on 2010-01-14 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Book Synopsis The Valuation of Shares and the Efficient-markets Theory by : Michael Arthur Firth
Download or read book The Valuation of Shares and the Efficient-markets Theory written by Michael Arthur Firth and published by . This book was released on 1977 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Style Investing by : Richard Bernstein
Download or read book Style Investing written by Richard Bernstein and published by John Wiley & Sons. This book was released on 1995-05-29 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Headed by Bernstein, the quantitative equity and equity derivatives strategies group at Merrill Lynch is noted for their proprietary research on market segmentation and style investing. In this book, he highlights the macroeconomic, microeconomic and expectational factors that can affect equity market segment performance. The first section focuses on the definition and identification of market segments and reviews the major equity market segments that concern today's institutional investors. Part two analyzes the historical result of each segment of style strategy within the context of the economic and expectational framework. Lastly, it describes current issues and problems in equity markets and their implications for pension plan sponsors.
