Acerca de este Curso
4.6
217 calificaciones
34 revisiones
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. 31 horas para completar

Sugerido: 5 weeks...
Idiomas disponibles

Inglés (English)

Subtítulos: Inglés (English)

Habilidades que obtendrás

Risk ManagementPortfolio ConstructionRisk AnalysisPortfolio Optimization
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. 31 horas para completar

Sugerido: 5 weeks...
Idiomas disponibles

Inglés (English)

Subtítulos: Inglés (English)

Programa - Qué aprenderás en este curso

Semana
1
Horas para completar
5 horas para completar

Module 1- Introduction & Risk and Return

This module introduces the second course in the Investment and Portfolio Management Specialization. In this module, we discuss one of the main principles of investing: the risk-return trade-off, the idea that in competitive security markets, higher expected returns come only at a price – the need to bear greater risk. We develop statistical measures of risk and expected return and review the historical record on risk-return patterns across various asset classes. ...
Reading
10 videos (Total 64 minutos), 11 readings, 4 quizzes
Video10 videos
Overview – No free lunches! Risk and return trade-off4m
Measuring returns: Geometric average returns6m
Measuring returns: Arithmetic average returns4m
Measuring risk: Volatility of returns8m
Alternative measures of risk7m
More on measuring risk and risk measures4m
Measuring risk and return: Illustration with four stocks8m
Historical record on risk-return patterns8m
Summary1m
Reading11 lecturas
Grading Policy10m
How to use discussion forums10m
Meet & Greet: Get to know your classmates10m
Pre-Course Survey10m
Lecture handouts: Risk and return: Measuring returns10m
Risk and return: Measuring returns Quiz Solutions10m
Lecture handouts: Risk and return: Measuring risk10m
Risk & Return: Measuring risk Quiz solutions10m
Lecture handouts: Risk and return: Historical record10m
Investing: Stocks for the long run (optional)10m
Module 1: Risk & Return Solutions10m
Quiz3 ejercicios de práctica
Risk and return: Measuring returns10m
Risk & Return: Measuring risk10m
Module 1: Risk & Return20m
Semana
2
Horas para completar
6 horas para completar

Module 2: Portfolio construction and diversification

In this module, we build on the tools from the previous module to develop measure of portfolio risk and return. We define and distinguish between the different sources of risk and discuss the concept of diversification: how and why putting risky assets together in a portfolio eliminates risk that yields a portfolio with less risk than its components. Finally, we review the quantitative tools that help us identify the ‘best’ portfolios with the least risk for a given level of expected return by considering a numerical example using international equity data....
Reading
16 videos (Total 83 minutos), 12 readings, 6 quizzes
Video16 videos
Measuring the expected return of a portfolio8m
Let’s review how we measure risk for a single asset4m
Finding the volatility of a portfolio return3m
Portfolio volatility: Another example2m
Measuring the co-movement between securities9m
Putting it all together… portfolio risk and diversification7m
Diversification and portfolio risk3m
Diversification: A graphical illustration with two assets4m
Diversification: A graphical illustration with three assets3m
Diversification: Systematic risk and idiosyncratic risk7m
Diversification: An illustration from international equity markets (US and Japan only)11m
Mean-variance frontier and efficient portfolios: International equity investment example (G5 countries)5m
Are you diversified adequately?4m
Mean-variance portfolio analysis5m
Summary1m
Reading12 lecturas
Lecture handouts: Measuring portfolio expected return
Measuring expected portfolio return Quiz solutions10m
Lecture handouts: Measuring portfolio volatility
Measuring portfolio volatility Quiz solutions10m
Accompanying spreadsheets for "Diversification: An illustration from international equity markets (US and Japan only)"10m
A Note on using EXCEL Solver10m
Lecture handouts: Diversification and portfolio risk
Lecture handouts: Mean-variance frontier and efficient portfolios: International equity investment example
Diversification and portfolio risk Quiz solutions10m
Equity investing: Globalization and diversification (optional)10m
Lecture handouts: Are you adequately diversified?
Module 2: Portfolio construction and diversification- Solutions10m
Quiz4 ejercicios de práctica
Measuring expected portfolio return16m
Measuring portfolio volatility20m
Diversification and portfolio risk30m
Module 2: Portfolio construction and diversification20m
Semana
3
Horas para completar
2 horas para completar

Module 3: Mean-variance preferences

In this module, we describe how investors make choices. Specifically, we look at how utility functions are used to express preferences. We review measures to describe investors’ attitude towards risk. Finally, we discuss how we can summarize investors’ preferences using a specific utility function: mean-variance preferences. ...
Reading
7 videos (Total 47 minutos), 7 readings, 3 quizzes
Video7 videos
Preferences: Utility functions8m
Risk aversion9m
Expected utility6m
Mean-variance preferences8m
Portfolio choice problem with mean-variance preferences: A graphical illustration with equity and bond data10m
Summary1m
Reading7 lecturas
Lecture handouts: Utility and risk aversion
A note on measuring risk aversion and certainty equivalent10m
Utility and Risk aversion Quiz solutions10m
Lecture handouts: Mean-variance preferences
Portfolio choice with mean-variance preferences quiz solutions10m
Measure your own risk tolerance10m
Module 3: Mean-variance preferences- Solutions10m
Quiz3 ejercicios de práctica
Utility and risk aversion10m
Portfolio choice with mean-variance preferences16m
Module 3: Mean-variance preferences12m
Semana
4
Horas para completar
5 horas para completar

Module 4: Optimal capital allocation and portfolio choice

In this module, you will learn about mean-variance optimization: how to make optimal capital allocation and portfolio choice decisions when investors have mean-variance preferences. This was one of the ground-breaking ideas in finance. We will formally set up the investor’s portfolio choice problem and learn step-by-step how to solve for the optimal allocation and risky portfolio choice given a set of risky securities. You will also have an opportunity to apply these techniques to a numerical example. This module is slightly more technical than the others. Stick with it… you will not regret it!...
Reading
10 videos (Total 63 minutos), 12 readings, 3 quizzes
Video10 videos
Capital allocation line11m
Solving for the optimal capital allocation7m
Optimal capital allocation example: U.S. equities and Treasuries10m
Finding the optimal risky portfolio: Maximizing the Sharpe ratio6m
Main insight: The optimal risky portfolio is independent of preferences2m
Finding the optimal risk portfolio when you have multiple risky securities10m
Investment decision process5m
What’s wrong with mean-variance portfolio analysis?4m
Summary2m
Reading12 lecturas
A note on optimal capital allocation10m
Accompanying spreadsheets for "Optimal Capital Allocation Example: US Equities and Treasuries"10m
Lecture handouts: Mean-variance optimization
Mean-variance optimization Quiz solutions10m
Analytical solution to MVE portfolio (two risky assets)10m
A note on finding the mean variance efficient portfolio (Two risky assets)10m
Accompanying spreadsheets for "Finding the optimal risky portfolio: Maximizing the Sharpe ratio"10m
A note on finding the minimum variance frontier with multiple risky assets10m
Accompanying spreadsheet for finding minimum variance frontier with multiple risky assets10m
Lecture handouts: Optimal risky portfolio choice
Lecture handouts
Optimal capital allocation and portfolio choice- Solutions10m
Quiz2 ejercicios de práctica
Mean-variance optimization10m
Optimal capital allocation and portfolio choice18m
4.6
34 revisionesChevron Right

Principales revisiones

por AHDec 17th 2016

I really enjoyed this course. Sometimes it required a lot of discipline to analyse investigate, but at the end I've learn a lot.

por AANov 11th 2018

This is the most informative in depth short course i ever across. Learned a lot!

Instructor

Avatar

Arzu Ozoguz

Finance Faculty
Jones Graduate School of Business

Acerca de Rice University

Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy....

Acerca del programa especializado Investment and Portfolio Management

In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing. All investors – from the largest wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will begin with an overview of global financial markets and instruments that characterize the investment opportunities available to today’s investor. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies. By the end of your Capstone Project, you will have mastered the analytical tools, quantitative skills, and practical knowledge necessary for long-term investment management success. To see an overview video for this Specialization, click here!...
Investment and Portfolio 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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