返回到 Investments I: Fundamentals of Performance Evaluation
University of Illinois Urbana-Champaign

Investments I: Fundamentals of Performance Evaluation

In this course, we will discuss fundamental principles of trading off risk and return, portfolio optimization, and security pricing. We will study and use risk-return models such as the Capital Asset Pricing Model (CAPM) and multi-factor models to evaluate the performance of various securities and portfolios. Specifically, we will learn how to interpret and estimate 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). Building upon this framework, market efficiency and its implications for patterns in stock returns and the asset-management industry will be discussed. Finally, the course will conclude by connecting investment finance with corporate finance by examining firm valuation techniques such as the use of market multiples and discounted cash flow analysis. The course emphasizes real-world examples and applications in Excel throughout. This course is the first of two on Investments that I am offering online (“Investments II: Lessons and Applications for Investors” is the second course). The over-arching goals of this course are to build an understanding of the fundamentals of investment finance and provide an ability to implement key asset-pricing models and firm-valuation techniques in real-world situations. Specifically, upon successful completion of this course, you will be able to: • Explain the tradeoffs between risk and return • Form a portfolio of securities and calculate the expected return and standard deviation of that portfolio • Understand the real-world implications of the Separation Theorem of investments • Use the Capital Asset Pricing Model (CAPM) and 3-Factor Model to evaluate the performance of an asset (like stocks) through regression analysis • Estimate and interpret the ALPHA (α) and BETA (β) of a security, two statistics commonly reported on financial websites • Describe what is meant by market efficiency and what it implies for patterns in stock returns and for the asset-management industry • Understand market multiples and income approaches to valuing a firm and its stock, as well as the sensitivity of each approach to assumptions made • Conduct specific examples of a market multiples valuation and a discounted cash flow valuation This course was previously entitled “Financial Evaluation and Strategy: Investments” and was part of a previous specialization entitled "Improving Business and Finances Operations", which is now closed to new learner enrollment. “Financial Evaluation and Strategy: Investments” received an average rating of 4.8 out of 5 based on 199 reviews over the period August 2015 through August 2016. You can view a detailed summary of the ratings and reviews for this course in the Course Overview section. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

状态:Performance Analysis
状态:Business Valuation
中级课程小时

精选评论

AT

5.0评论日期:Apr 8, 2020

The concepts are very well explained with practical examples.The real world examples makes us understand the concepts better and gives us a better understanding of implementing them.

SX

5.0评论日期:Nov 9, 2018

One of the best courses across platforms- classroom or online that I have taken. Huge real life value addition. Professor Scott has worked incredibly hard in putting this valuable content.

KL

5.0评论日期:Dec 6, 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!

KS

5.0评论日期:Dec 18, 2018

Amazing! Shed light on so many questions that I didn't even know to ask and corrected a lot of assumptions I had wrong. Loved this class. A must take class.

PT

5.0评论日期:Aug 29, 2017

Great course and professor. Packs a lot of information and did not find any mistakes. Very smooth course overall. Highly recommended.

DH

5.0评论日期:Nov 11, 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.

D

5.0评论日期:Nov 20, 2018

I learned a lot from this course. This course has fundamentally changed the way I understand investments. I hope to apply my knowledge in real world situation.

AS

5.0评论日期:Jun 22, 2019

Excellent course with huge nuggets of theoretical wisdom complemented by practical techniques through Data analysis and solver. A must for every investment enthusiast and manager.

VW

5.0评论日期:Sep 1, 2020

This course is very resourceful and full of useful information that can help me understand accounting and finance information a lot better!

JA

4.0评论日期:Dec 11, 2016

This is a great course, highly recommend it, but make sure you have the bandwidth to climb a steep learning curve if you aren't in the investment world.

VV

5.0评论日期:Mar 4, 2018

All the examples were helpful in providing a lot of real world perspectives and was beneficial to someone who had already done a similar course.

VK

5.0评论日期:Nov 12, 2020

Excellent course. Lot of ground covered by Scott and his detailed explanations make some tougher topics give look more easier. His sense of humor and delivery is really nice

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显示:20/216

Jen B
2.0
评论日期:Nov 15, 2018
Ben Nowak
5.0
评论日期:Mar 28, 2018
Sachin Pratik Xalxo
5.0
评论日期:Nov 10, 2018
Li Zhu
5.0
评论日期:Apr 29, 2018
Dan Hewitt
5.0
评论日期:Nov 12, 2016
Karen Finocchio Lubeck
5.0
评论日期:Dec 7, 2017
Artem Arakcheev
5.0
评论日期:Nov 7, 2019
Junjie Gu
4.0
评论日期:Jun 1, 2020
Luis Fernando Rivera Mendoza
5.0
评论日期:Jun 23, 2020
Alexandre Silwa
5.0
评论日期:May 11, 2021
Jola Danaj
5.0
评论日期:Jul 25, 2017
M L
5.0
评论日期:Aug 31, 2019
Ana Paula Molina
5.0
评论日期:May 17, 2018
Rodrigo Flores
5.0
评论日期:Apr 8, 2017
Jafed Encinas Garcia
5.0
评论日期:Jul 5, 2019
Alexander Hegeman
5.0
评论日期:Jul 4, 2019
Mohamed Mourad
5.0
评论日期:Dec 11, 2016
Raj Bommareddy
5.0
评论日期:Dec 7, 2017
Jacques Prinsloo
5.0
评论日期:May 6, 2017
Deepen (DJ) Joshi
5.0
评论日期:Nov 20, 2018