INTRODUCTION TO INVESTMENT MANAGEMENT

SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT/ PREVIOUS PAPER

KINDS OF INVESTMENTS PART 1

BOND YIELD

EFFICIENT MARKET THEORY

 

• EFFICIENT MARKET THEORY
• SECURITY ANALYSIS AND PORTFOLIO MGMT/FUNDAMENTAL OF INVESTMENT
• DR. SHASHI AGGARWAL

 

• MEANING
• SHARE PRICES FLUCTUATIONS ARE RANDOM AND DO NOT FOLLOW ANY REGULAR PATTERN.
• DEVELOPED BY EUGENE FAMA IN 1960.
• BASIC CONCEPTS:-

FUNDAMENTAL ANALYSIS

 

•    FUNDAMENTAL ANALYSIS 
FUNDAMENTAL OF INVESTMENT
SAPM
DR. SHASHI AGGARWAL

•    MEANING OF FUNDAMENTAL ANALYSIS

1.       FUNDAMENTAL ANALSYIS ATTEMPT TO MEASURE A SECURITY ‘S INTRINSIC VALUE BY EXAMINING RELATED ECONOMIC AND FINANCIAL FACTORS WHICH CAN BE BOTH QUANLITATIVE AND QUANTITAITVE IN NATURE.

2.      

FUNDAMENTAL ANALYSIS IS PRIMARILY CONCERNED WITH DETERMINING THE INTRINSIC VALUE OR THE VALUE OF THE SECURITY. THE INTRINSIC VALUE IS THEN COMPARED WITH THE SECURITY’S CURRENT MARKET PRICE TO DTERMINE THE WHETHER THE STOCK IS UNDER PRICED OR OVER PRICES. A FUNDAMENTAL ANALYSTS CALCULATES A RANGE OF INTRINSIC VALUES RATHER THAN A SINGLE VALUE.

 

•    INTRINSIC VALUE

•    NARROW VIEW: INVESTMENT VALUE AND INVESTMENT VALUE OF SECURITY IS THE PRESENT VALUE OF ALL FUTURE CASH PAYMENTS TO BE MADE ON THE SECURITY. CASH PAYMENT MAY BE IN ANY FORM E.G DIVIDEND.INTEREST,REPAYMENT OF THE PRINCIPAL AMOUNT,LIQUIDATION PROCESS

CAPITAL ASSET PRICING MODEL ( CAPM) IN HINDI

RISK AND RETURN CONCEPTS AND ANALYSIS 1

FUNDAMENTAL ANALYSIS 2 ( INDUSTRY AND COMPANY ANALYSIS)

FUNDAMENTAL ANALYSIS --ECONOMIC ANALYSIS,INDUSTRY ANALYSIS AND COMPANY ANALYSIS

•    FUNDAMENTAL ANALYSIS
ECONOMIC ANALYSIS,INDUSTRY ANALYSIS AND COMPANY ANALYSIS
FUNDAMENTAL OF INVESTMENT
SAPM
MEANING

DIFFERENCE BETWEEN INVESTMENT AND SPECULATION AND GAMBLING

DIFFERENCE BETWEEN REAL AND FINANCIAL ASSETS FUNDAMENTAL OF INVESTMENT

FUNDAMENTAL ANALYSIS 1 ECONOMIC ANALYSIS

QUICK REVISION OF SHORT QUESTIONS OF FUNDAMENTAL OF INVESTMENT

NATURE AND SCOPE OF INVESTMENT MANAGEMENT FUNDAMENTAL OF INVESTMENT