Modern Portfolio Theory and Investment Analysis
Modern Portfolio Theory and Investment Analysis, 9e examines the characteristics and analysis of individual securities, as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management.
The authors present material that captures the state of modern portfolio analysis, general equilibrium theory, and investment analysis in an accessible and intuitive manner.
Table of Contents
PART 1 INTRODUCTION
Chapter 1: Introduction
Chapter 2: Financial Securities
Chapter 3: Financial Markets
PART 2 PORTFOLIO ANALYSIS
Section 1 MEAN VARIANCE PORTFOLIO THEORY
Chapter 4: The Characteristics of the Opportunity Set Under Risk
Chapter 5: Delineating Efficient Portfolios
Chapter 6: Techniques for Calculating the Efficient Frontier
Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS
Chapter 7: The Correlation Structure of Security Returns: The Single-Index Model
Chapter 8: The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques
Chapter 9: Simple Techniques for Determining the Efficient Frontier
Section 3 SELECTING THE OPTIMUM PORTFOLIO
Chapter 10: Estimating Expected Returns
Chapter 11: How to Select Among the Portfolios in the Opportunity Set
Section 4 WIDENING THE SELECTION UNIVERSE
Chapter 12: International Diversification
PART 3 MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS
Chapter 13: The Standard Capital Asset Pricing Model
Chapter 14: Nonstandard Forms of Capital Asset Pricing Models
Chapter 15: Empirical Tests of Equilibrium Models
Chapter 16: The Arbitrage Pricing Model APT - A Multifactor Approach to Explaining Asset Prices
PART 4 SECURITY ANALYSIS AND PORTFOLIO THEORY
Chapter 17: Efficient Markets
Chapter 18: The Valuation Process
Chapter 19: Earnings Estimation
Chapter 20: Behavioral Finance, Investor Decision Making, and Asset Prices
Chapter 21: Interest Rate Theory and the Pricing of Bonds
Chapter 22: The Management of Bond Portfolios
Chapter 23: Option Pricing Theory
Chapter 24: The Valuation and Uses of Financial Futures
PART 5 EVALUATING THE INVESTMENT PROCESS
Chapter 25: Mutual Funds
Chapter 26: Evaluation of Portfolio Performance
Chapter 27: Evaluation of Security Analysis
Chapter 28: Portfolio Management Revisited
Index
PART 1 INTRODUCTION
Chapter 1: Introduction
Chapter 2: Financial Securities
Chapter 3: Financial Markets
PART 2 PORTFOLIO ANALYSIS
Section 1 MEAN VARIANCE PORTFOLIO THEORY
Chapter 4: The Characteristics of the Opportunity Set Under Risk
Chapter 5: Delineating Efficient Portfolios
Chapter 6: Techniques for Calculating the Efficient Frontier
Section 2 SIMPLIFYING THE PORTFOLIO SELECTION PROCESS
Chapter 7: The Correlation Structure of Security Returns: The Single-Index Model
Chapter 8: The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques
Chapter 9: Simple Techniques for Determining the Efficient Frontier
Section 3 SELECTING THE OPTIMUM PORTFOLIO
Chapter 10: Estimating Expected Returns
Chapter 11: How to Select Among the Portfolios in the Opportunity Set
Section 4 WIDENING THE SELECTION UNIVERSE
Chapter 12: International Diversification
PART 3 MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS
Chapter 13: The Standard Capital Asset Pricing Model
Chapter 14: Nonstandard Forms of Capital Asset Pricing Models
Chapter 15: Empirical Tests of Equilibrium Models
Chapter 16: The Arbitrage Pricing Model APT - A Multifactor Approach to Explaining Asset Prices
PART 4 SECURITY ANALYSIS AND PORTFOLIO THEORY
Chapter 17: Efficient Markets
Chapter 18: The Valuation Process
Chapter 19: Earnings Estimation
Chapter 20: Behavioral Finance, Investor Decision Making, and Asset Prices
Chapter 21: Interest Rate Theory and the Pricing of Bonds
Chapter 22: The Management of Bond Portfolios
Chapter 23: Option Pricing Theory
Chapter 24: The Valuation and Uses of Financial Futures
PART 5 EVALUATING THE INVESTMENT PROCESS
Chapter 25: Mutual Funds
Chapter 26: Evaluation of Portfolio Performance
Chapter 27: Evaluation of Security Analysis
Chapter 28: Portfolio Management Revisited
Index
