Edwin J. Elton / Martin J. Gruber / Stephen J. Brown / William N. Goetzmann
Modern Portfolio Theory and Investment Analysis
By Edwin J. Elton, Martin J. Gruber, Stephen Brown et al.
Edwin J. Elton / Martin J. Gruber / Stephen J. Brown / William N. Goetzmann
Modern Portfolio Theory and Investment Analysis
By Edwin J. Elton, Martin J. Gruber, Stephen Brown et al.
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This book covers the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. Stressing the economic intuition behind the subject matter, this classic text pres-ents advanced concepts of investment analysis and portfolio management.It can be used for courses in both portfolio theory and in investment analysis that have an emphasis on portfolio the-ory. It can also be used in a course in investments where both portfolio analysis and security analysis are discussed.The authors' goal has been to make all the…mehr
This book covers the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. Stressing the economic intuition behind the subject matter, this classic text pres-ents advanced concepts of investment analysis and portfolio management.It can be used for courses in both portfolio theory and in investment analysis that have an emphasis on portfolio the-ory. It can also be used in a course in investments where both portfolio analysis and security analysis are discussed.The authors' goal has been to make all the material in this text accessible to students of portfolio analysis and invest-ment management, both at the undergraduate and graduate levels while maintaining the rigor through the use of ap-pendices which can be used in conjunction with the text.
Produktdetails
- Produktdetails
- Verlag: Wiley & Sons
- 7th ed.
- Seitenzahl: 728
- Englisch
- Abmessung: 260mm
- Gewicht: 1562g
- ISBN-13: 9780470050828
- ISBN-10: 0470050829
- Artikelnr.: 21300076
- Verlag: Wiley & Sons
- 7th ed.
- Seitenzahl: 728
- Englisch
- Abmessung: 260mm
- Gewicht: 1562g
- ISBN-13: 9780470050828
- ISBN-10: 0470050829
- Artikelnr.: 21300076
Although his name is unfamiliar to most managers, Stephen Brown is the Antichrist of marketing academia. He is disdainful of customer-centric approaches to marketing and, as a consequence, has clashed publicly with numerous luminaries. Professor of Marketing Research at the University of Ulster, Stephen has held visiting positions at Northwestern University, the University of California and the University of Utah, among others. He has written or co-edited 13 books, including Marketing Apocalypse, Postmodern Marketing and Romancing the Market. His papers have been published in Harvard Business Review, Journal of Marketing, Journal of Advertising, Business Horizons and many more, winning various awards along the way.
PART 1: INTRODUCTION.
Introduction.
Financial Securities.
Financial Markets.
PART 2: PORTFOLIO ANALYSIS.
Section 1: Mean Variance Portfolio Theory.
The Characteristics of the Opportunity Set Under Risk.
Delineating Efficient Portfolios.
Techniques for Calculating the Efficient Frontier.
Section 2: Simplifying the Portfolio Selection Process.
The Correlation Structure of Security Returns: The Single-Index Model.
The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques.
Simple Techniques for Determining the Efficient Frontier.
Section 3: Selecting the Optimum Portfolio.
Utility Analysis.
Other Portfolio Selection Models.
Section 4: Widening the Selection Universe.
International Diversification.
PART 3: MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS.
The Standard Capital Asset Pricing Model.
Nonstandard Forms of Capital Asset Pricing Models.
Empirical Tests of Equilibrium Models.
The Arbitrage Pricing Model Apt--A New Approach to Explaining Asset Prices.
PART 4: SECURITY ANALYSIS AND PORTFOLIO THEORY.
Efficient Markets.
The Valuation Process.
Earnings Estimation.
Interest Rate Theory and the Pricing of Bonds.
The Management of Bond Portfolios.
Option Pricing Theory.
The Valuation and Uses of Financial Futures.
PART 5: EVALUATING THE INVESTMENT PROCESS.
Evaluation of Portfolio Performance.
Evaluation of Security Analysis.
Portfolio Management Revisited.
Index.
Introduction.
Financial Securities.
Financial Markets.
PART 2: PORTFOLIO ANALYSIS.
Section 1: Mean Variance Portfolio Theory.
The Characteristics of the Opportunity Set Under Risk.
Delineating Efficient Portfolios.
Techniques for Calculating the Efficient Frontier.
Section 2: Simplifying the Portfolio Selection Process.
The Correlation Structure of Security Returns: The Single-Index Model.
The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques.
Simple Techniques for Determining the Efficient Frontier.
Section 3: Selecting the Optimum Portfolio.
Utility Analysis.
Other Portfolio Selection Models.
Section 4: Widening the Selection Universe.
International Diversification.
PART 3: MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS.
The Standard Capital Asset Pricing Model.
Nonstandard Forms of Capital Asset Pricing Models.
Empirical Tests of Equilibrium Models.
The Arbitrage Pricing Model Apt--A New Approach to Explaining Asset Prices.
PART 4: SECURITY ANALYSIS AND PORTFOLIO THEORY.
Efficient Markets.
The Valuation Process.
Earnings Estimation.
Interest Rate Theory and the Pricing of Bonds.
The Management of Bond Portfolios.
Option Pricing Theory.
The Valuation and Uses of Financial Futures.
PART 5: EVALUATING THE INVESTMENT PROCESS.
Evaluation of Portfolio Performance.
Evaluation of Security Analysis.
Portfolio Management Revisited.
Index.
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
PART 1: INTRODUCTION.
Introduction.
Financial Securities.
Financial Markets.
PART 2: PORTFOLIO ANALYSIS.
Section 1: Mean Variance Portfolio Theory.
The Characteristics of the Opportunity Set Under Risk.
Delineating Efficient Portfolios.
Techniques for Calculating the Efficient Frontier.
Section 2: Simplifying the Portfolio Selection Process.
The Correlation Structure of Security Returns: The Single-Index Model.
The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques.
Simple Techniques for Determining the Efficient Frontier.
Section 3: Selecting the Optimum Portfolio.
Utility Analysis.
Other Portfolio Selection Models.
Section 4: Widening the Selection Universe.
International Diversification.
PART 3: MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS.
The Standard Capital Asset Pricing Model.
Nonstandard Forms of Capital Asset Pricing Models.
Empirical Tests of Equilibrium Models.
The Arbitrage Pricing Model Apt--A New Approach to Explaining Asset Prices.
PART 4: SECURITY ANALYSIS AND PORTFOLIO THEORY.
Efficient Markets.
The Valuation Process.
Earnings Estimation.
Interest Rate Theory and the Pricing of Bonds.
The Management of Bond Portfolios.
Option Pricing Theory.
The Valuation and Uses of Financial Futures.
PART 5: EVALUATING THE INVESTMENT PROCESS.
Evaluation of Portfolio Performance.
Evaluation of Security Analysis.
Portfolio Management Revisited.
Index.
Introduction.
Financial Securities.
Financial Markets.
PART 2: PORTFOLIO ANALYSIS.
Section 1: Mean Variance Portfolio Theory.
The Characteristics of the Opportunity Set Under Risk.
Delineating Efficient Portfolios.
Techniques for Calculating the Efficient Frontier.
Section 2: Simplifying the Portfolio Selection Process.
The Correlation Structure of Security Returns: The Single-Index Model.
The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques.
Simple Techniques for Determining the Efficient Frontier.
Section 3: Selecting the Optimum Portfolio.
Utility Analysis.
Other Portfolio Selection Models.
Section 4: Widening the Selection Universe.
International Diversification.
PART 3: MODELS OF EQUILIBRIUM IN THE CAPITAL MARKETS.
The Standard Capital Asset Pricing Model.
Nonstandard Forms of Capital Asset Pricing Models.
Empirical Tests of Equilibrium Models.
The Arbitrage Pricing Model Apt--A New Approach to Explaining Asset Prices.
PART 4: SECURITY ANALYSIS AND PORTFOLIO THEORY.
Efficient Markets.
The Valuation Process.
Earnings Estimation.
Interest Rate Theory and the Pricing of Bonds.
The Management of Bond Portfolios.
Option Pricing Theory.
The Valuation and Uses of Financial Futures.
PART 5: EVALUATING THE INVESTMENT PROCESS.
Evaluation of Portfolio Performance.
Evaluation of Security Analysis.
Portfolio Management Revisited.
Index.
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