Portfolio Theory Financial Analyses
Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (3.69 MB, 120 trang )
PortfolioTheory&Financial
Analyses
RobertAlanHill
Downloadfreebooksat
Robert Alan Hill
Portfolio Theory & Financial Analyses
2
Download free eBooks at bookboon.com
Portfolio Theory & Financial Analyses
1st edition
© 2010 Robert Alan Hill & bookboon.com
ISBN 978-87-7681-605-6
3
Download free eBooks at bookboon.com
Portfolio Theory & Financial Analyses
Contents
Contents
1
About the Author
8
Part I: An Introduction
9
An Overview
10
Introduction
10
1.1
he Development of Finance
10
1.2
Eicient Capital Markets
12
1.3
he Role of Mean-Variance Eiciency
14
1.4
he Background to Modern Portfolio heory
17
1.5
Summary and Conclusions
18
1.6
Selected References
20
Part II: he Portfolio Decision
21
Risk and Portfolio Analysis
22
Introduction
22
Mean-Variance Analyses: Markowitz Eiciency
23
2
2.1
www.sylvania.com
We do not reinvent
the wheel we reinvent
light.
Fascinating lighting offers an ininite spectrum of
possibilities: Innovative technologies and new
markets provide both opportunities and challenges.
An environment in which your expertise is in high
demand. Enjoy the supportive working atmosphere
within our global group and beneit from international
career paths. Implement sustainable ideas in close
cooperation with other specialists and contribute to
inluencing our future. Come and join us in reinventing
light every day.
Light is OSRAM
4
Download free eBooks at bookboon.com
Click on the ad to read more
Portfolio Theory & Financial Analyses
Contents
2.2
he Combined Risk of Two Investments
26
2.3
he Correlation between Two Investments
30
2.4
Summary and Conclusions
33
2.5
Selected References
33
3
he Optimum Portfolio
34
Introduction
34
3.1
he Mathematics of Portfolio Risk
34
3.2
Risk Minimisation and the Two-Asset Portfolio
38
3.3
he Minimum Variance of a Two-Asset Portfolio
40
3.4
he Multi-Asset Portfolio
42
3.5
he Optimum Portfolio
45
3.6
Summary and Conclusions
48
3.7
Selected References
51
4
he Market Portfolio
52
Introduction
52
4.1
he Market Portfolio and Tobin’s heorem
53
4.2
he CML and Quantitative Analyses
57
4.3
Systematic and Unsystematic Risk
60
360°
thinking
.
Discover the truth at www.deloitte.ca/careers
5
Download free eBooks at bookboon.com
© Deloitte & Touche LLP and affiliated entities.
Click on the ad to read more
