PORFOLIO MANAGEMENTThe second edition of this concise and compact text recognises the significance of portfolio management as an essential skill rather than just a theoretical base for investors in today's world. It is a comprehensive, well-organised text on various aspects of portfolio management such as analysis, selection, revision and evaluation of portfolios of securities for deriving maximum benefit from one's investments. The book also discusses in detail the basic methods of security analysis such as fundamental analysis and technical analysis, shares and bond valuation, efficient market theory, and the capital asset pricing model. NEW TO THE SECOND EDITION Provides numerous new examples that illustrate mathematical aspects of the theory. Gives enough exercises at the end of each chapter to test the student's understanding of the subject.This book, with many student friendly features, would be best suited for students of commerce and management. It would be equally useful to postgraduate students pursuing courses in financial control (MFC), chartered accountancy (CA), cost and work accountancy (CWA), and chartered financial analysis (CFA). It would also prove to be an asset to the professionals in the investment field. |
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Common terms and phrases
activity affecting analysis annual approach assets assumed average becomes beta bond calculated called capital cash cent changes coefficient considered correlation cost coupon covariance depends determine discount dividend earn economy efficient equation estimated evaluation example expected return face factors five forecast formula fundamental analysis future given growth Hence higher holding period increase indicates individual securities industry intrinsic value investment investor known lower market index market interest rate market price maturity measure move movements mutual funds performance period plans points portfolio management portfolio revision possible present value profitability Proportion provides purchase rate of return ratio received referred regarding represents return and risk risk free risky selection sell share share price single Solution stage standard deviation stock prices studies systematic risk tests theory valuation variability variance yield zero