Acerca de este Curso
4.8
360 calificaciones
84 revisiones
Programa Especializado
100 % en línea

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.
Fechas límite flexibles

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.
Horas para completar

Aprox. 29 horas para completar

Sugerido: 4 weeks of study, 6-8 hours/week...
Idiomas disponibles

Inglés (English)

Subtítulos: Inglés (English)

Habilidades que obtendrás

StockFinanceInvestment StrategyInvestment
Programa Especializado
100 % en línea

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.
Fechas límite flexibles

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.
Horas para completar

Aprox. 29 horas para completar

Sugerido: 4 weeks of study, 6-8 hours/week...
Idiomas disponibles

Inglés (English)

Subtítulos: Inglés (English)

Programa - Qué aprenderás en este curso

Semana
1
Horas para completar
2 horas para completar

Course Overview

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. The orientation also helps you obtain the technical skills required for the course....
Reading
1 video (Total 27 minutos), 8 readings, 1 quiz
Video1 video
Reading8 lecturas
About this Course: Ratings and Reviews10m
Syllabus10m
Scott's Advice on How to View and Take This Course10m
Excel Instructions for Installing Solver and Data Analysis10m
Options for Completing Assignments without Excel10m
About the Discussion Forums10m
Social Media10m
Getting to Know Your Classmates10m
Quiz1 ejercicio de práctica
Orientation Quiz10m
Horas para completar
10 horas para completar

Module 1: Investments Toolkit and Portfolio Formation

In Module 1, we will build the fundamentals of portfolio formation. After providing a brief refresher of basic investment concepts (our toolkit), a summary of historical patterns of stock returns and government securities in the U.S. is provided. We then consider general examples of portfolio choice to highlight the tradeoffs between “risk” and return. We end the module with a discussion of dominated assets and efficient portfolio formation, emphasizing real-world examples and practice in Excel solving for the optimal portfolio given certain constraints (such as the amount of volatility we will accept in our portfolio). ...
Reading
27 videos (Total 312 minutos), 3 readings, 3 quizzes
Video27 videos
Objectives and Assumptions of Classical Finance2m
Why Discount?11m
Different Return Measures8m
Firm Characteristics Relevant for Investments10m
Zero-Cost Portfolio8m
Statistical Techniques & Excel6m
What We've Learned3m
Historical Returns in the U.S.23m
Return and Risk: Intro to Portfolios27m
Objectives and Source of Data for Examples2m
Asset Allocation with One Risky and One Risk-Free Asset11m
Asset Allocation with Two Risky Assets27m
Real-World Example of a Dominated Asset14m
What We've Learned2m
ASSIGNMENT 1: Portfolio Choice When Change Correlations10m
DISCUSSION OF ASSIGNMENT 1: Portfolio Choice When Change Correlations14m
Objectives5m
Example 1: Calculating Efficient Portfolios of Risky Assets13m
Example 2: Calculating Efficient Portfolios of Risky Assets28m
What We've Learned1m
Module 1 Review6m
ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations10m
DISCUSSION OF ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations14m
ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios15m
DISCUSSION OF ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios17m
Like this course? Learn more with the iMBA! (optional)1m
Reading3 lecturas
Module 1 Overview10m
Module 1 Readings10m
Module 1 Spreadsheets10m
Quiz1 ejercicio de práctica
Module 1 Quiz24m
Semana
2
Horas para completar
7 horas para completar

Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)

In Module 2, we will develop the financial intuition that led to the Capital Asset Pricing Model (CAPM), starting with the Separation Theorem of Investments. We will understand that in a CAPM setting, only the market-wide risk of an asset is priced – securities with greater sensitivity to the market are required by investors to yield higher returns on average. We will also learn how to interpret regressions that provide us with both a benchmark to use for a security given its risk (determined by its beta), as well as a risk-adjusted measure of the security’s performance (measured by its alpha)....
Reading
21 videos (Total 227 minutos), 3 readings, 2 quizzes
Video21 videos
Objectives2m
Final General Portfolio Example and Tangency Portfolio15m
Two-Fund Separation Theorem and Applications10m
What We've Learned1m
Examples of Reducing Portfolio Risk20m
Objectivesm
Development of the CAPM18m
The CAPM and BETA21m
The CAPM and ALPHA5m
What We've Learned1m
Objectivesm
Practice Problem & Introduction to Interpreting CAPM Regressions10m
CAPM Example 1: Coca Cola16m
CAPM Example 2: Balanced Fund6m
How to Estimate CAPM and What We've Learned4m
PREPARING for Evaluation of the Small-Value Stock Investment Strategy, 1927-201434m
RESULTS from Evaluation of the Small-Value Stock Investment Strategy, 1927-201418m
Module 2 Review6m
ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities6m
DISCUSSION OF ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities14m
Reading3 lecturas
Module 2 Overview10m
Module 2 Readings10m
Module 2 Spreadsheets10m
Quiz1 ejercicio de práctica
Module 2 Quiz24m
Semana
3
Horas para completar
7 horas para completar

Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency

In Module 3, we will discuss different asset-pricing models, the pros and cons of each, and market efficiency. In particular, we will test the effectiveness of the Capital Asset Pricing Model (CAPM) and examine survey data concerning its use by chief financial officers (CFOs) of firms. Predictable patterns in stock returns, such as the size and value effects, will also be examined and the Fama-French 3-Factor Model will be introduced. Market efficiency will be discussed in this module, as well as its implications for the asset-management industry and observed patterns in stock returns....
Reading
18 videos (Total 245 minutos), 3 readings, 2 quizzes
Video18 videos
Objectives and Uses of CAPM4m
Testing the CAPM11m
Defending the CAPM14m
Market Anomalies: Small-Firm and Value Effects15m
Interpretation of Market Anomalies9m
Investigating "Long Value Short Growth" Strategy20m
What We've Learned2m
Objectives1m
Multi-Factor Models16m
Matching9m
What We've Learned4m
Use Domestic or Global Factors?20m
Return-Risk Model Used by Chief Financial Officers (CFOs)13m
Market Efficiency35m
Module 3 Review11m
ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201411m
DISCUSSION OF ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201436m
Reading3 lecturas
Module 3 Overview10m
Module 3 Readings10m
Module 3 Spreadsheets10m
Quiz1 ejercicio de práctica
Module 3 Quiz24m
Semana
4
Horas para completar
6 horas para completar

Module 4: Investment Finance and Corporate Finance: Firm Valuation

In Module 4, we will learn about the two key approaches to valuing a company or stock: market multiples and discounted cash flow. We will learn how to value perpetuities and will discuss how caution should be exercised in terms of projecting both the growth in long-term cash flows and the riskiness of those cash flows – two key components of the perpetuity formula. Finally, to gain experience with the market multiples approach, we will estimate a value of Google at the time of its initial public offering (IPO) back in 2004 using market data on Yahoo! as a comparable firm....
Reading
27 videos (Total 310 minutos), 2 readings, 1 quiz
Video27 videos
Objectives1m
Formula for Valuing a Perpetuity12m
Real-World Examples and Perpetuity Problems21m
What We've Learned2m
Objectives3m
Market Multiples Approach to Valuation9m
Income Approach to Valuation: Introduction17m
Income Approach to Valuation: Discount Rate17m
Income Approach to Valuation: Cash Flows8m
Income Approach to Valuation: Terminal Value, Price-to-Earnings Ratio, & Discounting of Cash Flows19m
Fudge Factors to Valuation and What We've Learned6m
Objectives2m
Microsoft Example17m
Betas of Small & Large Firms and Betas Across Industries17m
What We've Learned4m
Caution in Projecting Firm Growth Rates31m
Objectives1m
Defined-Benefit (DB) Pension Plan Liabilities and Their Valuation16m
Valuing a Stream of Fixed Liabilities19m
Investment Policy of Pension Benefit Guaranty Corporation (PBGC)6m
What We've Learned3m
Objectives1m
Valuation of Google at Its Initial Public Offering (IPO): First Attempt14m
Valuation of Google at Its Initial Public Offering (IPO): Digging Deeper21m
What We've Learned2m
Module 4 Review7m
Reading2 lecturas
Module 4 Overview10m
Module 4 Readings10m
Quiz1 ejercicio de práctica
Module 4 Quiz24m
Horas para completar
15 minutos para completar

Course Conclusion

In this module, we say goodbye to the Investments course as key takeaways from the course are reviewed. A tease is also provided to topics that will be covered in Professor Weisbenner's second course on Investments....
Reading
1 video (Total 15 minutos)
Video1 video
4.8
84 revisionesChevron Right

Principales revisiones

por DHNov 12th 2016

This was a fantastic course, with a realistically attainable amount of material, and a humble, knowledgable professor whose teaching style makes a normally difficult topic very easy to understand.

por KLDec 7th 2017

Professor Weisbenner is fabulous! He is able to make anyone understand complex investment topics through his delivery and curriculum design. You are missing out not taking Investments from him!

Instructor

Avatar

Scott Weisbenner

William G. Karnes Professor of Finance
Department of Finance, College of Business
Graduation Cap

Comienza a trabajar para obtener tu maestría

Este curso es parte del Master of Business Administration (iMBA) completamente en línea de University of Illinois at Urbana-Champaign. Si eres aceptado en el programa completo, tus cursos cuentan para tu título.

Acerca de University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

Acerca del programa especializado Financial Management

This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making. The Financial Management Specialization is part of the University of Illinois iMBA Program. Each course in this Specialization also fulfills a portion of the requirements for a University of Illinois course that can earn you college credit. When you complete the Financial Management Specialization, you will: · Have a solid foundation in developing an integrated framework for strategic financial decision-making. · Have a thorough understanding of financial statements and the financial information they provide, and be able to critically evaluate and analyze cash flows statements. · Understand the management and evaluation of portfolios and firm valuation techniques. · Understand how to incorporate risk and uncertainty into investment decisions and understand how companies make financing and investment decisions....
Financial Management

Preguntas Frecuentes

  • Una vez que te inscribes para obtener un Certificado, tendrás acceso a todos los videos, cuestionarios y tareas de programación (si corresponde). Las tareas calificadas por compañeros solo pueden enviarse y revisarse una vez que haya comenzado tu sesión. Si eliges explorar el curso sin comprarlo, es posible que no puedas acceder a determinadas tareas.

  • Cuando te inscribes en un curso, obtienes acceso a todos los cursos que forman parte del Programa especializado y te darán un Certificado cuando completes el trabajo. Se añadirá tu Certificado electrónico a la página Logros. Desde allí, puedes imprimir tu Certificado o añadirlo a tu perfil de LinkedIn. Si solo quieres leer y visualizar el contenido del curso, puedes auditar el curso sin costo.

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