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Applied equity analysis and portfolio management : tools to analyze and manage your stock portfolio

Author: Robert A Weigand
Publisher: Hoboken, New Jersey : Wiley, [2014]
Series: Wiley finance series.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
A "hands-on" guide to applied equity analysis and portfolio management. From asset allocation to modeling the intrinsic value of a stock, Applied Equity Analysis and Portfolio Management + Online Video Course offers readers a solid foundation in the practice of fundamental analysis using the same tools and techniques as professional investors. Filled with real-world illustrations and hands-on applications, Professor  Read more...
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Details

Document Type: Book
All Authors / Contributors: Robert A Weigand
ISBN: 9781118630914 1118630912
OCLC Number: 864788691
Notes: Includes access to online video course.
Description: xv, 318 pages : illustrations ; 26 cm.
Contents: Preface ix Acknowledgments xv Chapter 1 Perspectives on Active and Passive Money Management 1 Terminology: Investors, Investment Vehicles, Risk, and Return 1 The Top-Down Fundamental Analysis Process 3 The Record of Professional Money Managers 8 Market Efficiency, Behavioral Finance, and Adaptive Expectations 10 Additional Perspectives on Investing 18 Professional Investment Policy Statements 26 Summary 30 Questions 30 Answers to Selected Questions 32 References 33 Notes 34 Chapter 2 Analyzing the Macro-Finance Environment 35 Economic Analysis: The First Step of a Top-Down Fundamental Process 35 Data Considerations: Nominal and Real-Time Series 41 National Income, Corporate Profits, and Job Creation 41 Leading Economic Indicators 43 Coincident Economic Indicators 54 Lagging Economic Indicators 58 Supplemental Economic Indicators 64 Summary 67 Questions 67 References 69 Notes 69 Chapter 3 Valuation, Expected Returns, and the Dividend Discount Model 71 Finance Principle 1: Valuation 71 Finance Principle 2: Value and Expected Returns 77 Summary 88 Questions and Problems 88 Answers to Selected Questions and Problems 93 Reference 96 Note 96 Chapter 4 Historical Performance Analysis 97 Getting Started 98 Historical Stock Returns 100 Growth in Revenues, Profits, and Dividends 101 Gross, Operating, and Net Profit Margins 108 Relative Valuation 111 Liquidity and Debt 115 Profitability: ROA and ROE 118 NOPAT, Total Invested Capital, Free Cash Flow, and ROIC 122 Value Creation: Cost of Capital, EVA, MVA, and Intrinsic Value 127 Using Diffusion Indexes to Summarize Performance Analysis 134 Summary: Historical Performance Analysis 136 Appendix: United Technologies' Financial Statement Highlights, 2009--2012 136 Questions 138 Answers to Selected Questions 139 References 142 Notes 142 Chapter 5 Financial Statement Forecasting, Financial Analysis, and Valuation 143 The Income Statement Forecast Worksheet 144 The Percent-of-Sales Forecasting Method 144 Forecasting MCD's Income Statement 145 Forecasting MCD's Balance Sheet 153 Pro Forma Analysis: MCD 159 Intrinsic Value Modeling 164 Financial Fitness and Probability of Bankruptcy Scorecards 170 Summary 171 Case Study 5.1: Two Perspectives on Valuation Analysis: The Curious Case of Amazon, Inc. 172 Questions 175 References 208 Notes 208 Chapter 6 Analyzing Company Strategy and Identifying Catalysts 209 Sources of Information 212 Unique Capabilities Lead to Sustainable Competitive Advantage 212 Getting Started: Analyzing Strategy and Competitive Advantage 216 Porter's Five Forces Model 223 SWOT Analysis 229 Catalysts 232 Summary 232 Questions 233 Answers to Selected Questions 233 References 234 Chapter 7 Portfolio Risk and Performance Attribution 235 Foundations: Risk and Expected Return 236 Statistical Representations of Macroeconomic and Firm-Specific Risk 240 Extending the Mean-Variance Framework: Beta 249 Performance Attribution: Sector Weights, Dividend Yield, Beta, and Style 255 Multifactor Models 262 Summary 266 Questions and Problems 267 Answers to Selected Questions and Problems 271 References 279 Notes 279 Appendix The Time Value of Money and the Basics of Valuation 281 Basic Terminology 282 The Basic Future Value Tool 282 The Basic Present Value Tool 285 Perpetuities 292 Calculating Average Annual Compound Rates of Return 293 Integrated Problems Featuring Multiple TVM Tools 293 Solving for the Number of Periods 294 More on the EAR-to-APR Conversion 295 Arithmetic versus Geometric Averages 296 Questions and Problems 298 Answers to Selected Questions and Problems 302 About the Online Video Course 309 About the Author 311 Index 313
Series Title: Wiley finance series.
Responsibility: Robert A. Weigand, PhD.

Abstract:

A "hands-on" guide to applied equity analysis and portfolio management From asset allocation to modeling the intrinsic value of a stock, Applied Equity Analysis and Portfolio Management + Online  Read more...
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