Share Description
In this course, you will learn :
- About financial markets and intermediaries, trading positions, placement and processing of orders, primary vs secondary markets, and the characteristics of a well-functioning market..
- How to calculate the price return and total return of an index, how indexes are constructed and managed, use of market indexes, and the various types of indexes..
- The definitions of market efficiency, the efficient market hypothesis, what are market anomalies and examples of them, and be introduced to behavioural finance..
- The risk and return characteristics for equities, the differences between public vs private equity, and the relationship between cost of equity and investors' required rate of return..
- The approaches to industry classification, competitive analysis of an industry, Porter's Five Forces, and the be introduced to company analysis..
- The 3 major categories of valuation model. Present value models, in particular, the Gordon Growth Model. Multiplier models using P/E ratio and EV/EBITDA, and asset-based modes..
Syllabus :
1. Market Organisation and Structure
- Functions of the Financial System
- Assets Contracts and Markets
- Financial Intermediaries
- Positions and Leverage
- Order Instruction
- Primary Markets
- Secondary Markets
- Well-Functioning Financial Systems
- Market Regulation
2. Security Market Indexes
- Index Definition and Calculations of Value and Returns
- Index Construction and Management
- Uses of Market Indexes
- Types of Equity Indexes
- Types of Fixed Income Indexes
- Alternative Investments Indexes
- Comparing Types of Security Market Indexes
3. Market Efficiency
- The Concept of Market Efficiency
- Efficient Market Hypothesis
- Market Anomalies
- Behavioural Finance
4. Overview of Equity Securities
- Types of Equity Investments
- Private versus Public Equity Securities
- Investing in Non-Domestic Equity Securities
- Risk and Return Characteristics of Equity Securities
- Equity Securities and Company Value
5. Introduction to Industry and Company Analysis
- Uses of Industry Analysis
- Industry Classification Systems
- Industry Analysis - An Overview
- Industry Analysis - Porter's Five Forces
- Industry Analysis - Barriers to Entry
- Industry Analysis - Industry Concentration
- Industry Analysis - Industry Capacity and Market Share Stability
- Industry Analysis - Industry Life Cycle and Price Competition
- Industry Analysis - External Influences on Growth, Profitability and Risk
- Industry Analysis - Sample Industry Strategic Analysis
- Company Analysis
- Test Your Understanding
6. Equity Valuation
- Major Categories of Equity Valuation Models
- All About Dividends
- Present Value Models - Dividend Discount Models
- Present Value Models - Gordon Growth Model
- Multiplier Models – Price Multiple Model
- Multiplier Models – Enterprise Value Model
- Asset-based Valuation Models
