Investment Analysis and Portfolio Management

  1. Portfolio Theory
    1. Modern Portfolio Theory
      1. Principles of Diversification
        1. Risk Reduction Benefits
          1. Correlation Effects
            1. Optimal Number of Securities
            2. Measuring Portfolio Risk and Return
              1. Portfolio Expected Return
                1. Portfolio Variance
                  1. Portfolio Standard Deviation
                    1. Two-Asset Portfolios
                      1. Multi-Asset Portfolios
                      2. The Covariance and Correlation of Returns
                        1. Covariance Calculation
                          1. Correlation Coefficient
                            1. Correlation Matrix
                            2. The Efficient Frontier
                              1. Construction of Efficient Frontier
                                1. Minimum Variance Portfolio
                                  1. Maximum Return Portfolio
                                  2. The Optimal Portfolio
                                    1. Risk-Free Asset Introduction
                                      1. Capital Allocation Line
                                        1. Optimal Risky Portfolio
                                          1. Separation Theorem
                                        2. The Capital Asset Pricing Model
                                          1. Assumptions of CAPM
                                            1. Homogeneous Expectations
                                              1. Single Period Model
                                                1. Risk-Free Borrowing and Lending
                                                2. The Capital Market Line
                                                  1. Market Portfolio
                                                    1. Efficient Portfolios
                                                    2. The Security Market Line
                                                      1. Individual Security Pricing
                                                        1. Required Return Calculation
                                                        2. Beta as a Measure of Systematic Risk
                                                          1. Beta Calculation
                                                            1. Beta Interpretation
                                                              1. Portfolio Beta
                                                              2. Limitations of CAPM
                                                                1. Unrealistic Assumptions
                                                                  1. Empirical Evidence
                                                                    1. Alternative Models
                                                                  2. Arbitrage Pricing Theory
                                                                    1. Factor Models
                                                                      1. Single-Factor Models
                                                                        1. Multi-Factor Models
                                                                          1. Factor Selection
                                                                          2. APT Assumptions
                                                                            1. Comparison with CAPM
                                                                              1. Applications of APT
                                                                                1. Factor Portfolios
                                                                                  1. Risk Attribution

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                                                                              5. Technical Analysis

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                                                                              7. The Portfolio Management Process