Book Categories

Description of Modern Portfolio Theory and Investment Analysis

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.

Title Information

ISBN:

9780471428565

Pages:

736 pages

Format:

Hardback

Product Code:

15945

Publisher:

John Wiley & Sons Inc

Published:

20/05/2003

Edition:

6th International edition

Write a review of this book

Customer Reviews from Amazon

Contents of Modern Portfolio Theory and Investment Analysis

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