À propos de ce cours
4.7
429 notes
93 avis

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.

Dates limites flexibles

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Approx. 29 heures pour terminer

Recommandé : 4 weeks of study, 6-8 hours/week...

Anglais

Sous-titres : Anglais

Compétences que vous acquerrez

StockFinanceInvestment StrategyInvestment

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.

Approx. 29 heures pour terminer

Recommandé : 4 weeks of study, 6-8 hours/week...

Anglais

Sous-titres : Anglais

Programme du cours : ce que vous apprendrez dans ce cours

Semaine
1
2 heures pour terminer

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....
1 vidéo (Total 27 min), 8 lectures, 1 quiz
1 vidéo
8 lectures
About this Course: Ratings and Reviews10 min
Syllabus10 min
Scott's Advice on How to View and Take This Course10 min
Excel Instructions for Installing Solver and Data Analysis10 min
Options for Completing Assignments without Excel10 min
About the Discussion Forums10 min
Social Media10 min
Getting to Know Your Classmates10 min
1 exercice pour s'entraîner
Orientation Quiz10 min
10 heures pour terminer

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). ...
27 vidéos (Total 312 min), 3 lectures, 3 quiz
27 vidéos
Objectives and Assumptions of Classical Finance2 min
Why Discount?11 min
Different Return Measures8 min
Firm Characteristics Relevant for Investments10 min
Zero-Cost Portfolio8 min
Statistical Techniques & Excel6 min
What We've Learned3 min
Historical Returns in the U.S.23 min
Return and Risk: Intro to Portfolios27 min
Objectives and Source of Data for Examples2 min
Asset Allocation with One Risky and One Risk-Free Asset11 min
Asset Allocation with Two Risky Assets27 min
Real-World Example of a Dominated Asset14 min
What We've Learned2 min
ASSIGNMENT 1: Portfolio Choice When Change Correlations10 min
DISCUSSION OF ASSIGNMENT 1: Portfolio Choice When Change Correlations14 min
Objectives5 min
Example 1: Calculating Efficient Portfolios of Risky Assets13 min
Example 2: Calculating Efficient Portfolios of Risky Assets28 min
What We've Learned1 min
Module 1 Review6 min
ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations10 min
DISCUSSION OF ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations14 min
ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios15 min
DISCUSSION OF ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios17 min
Like this course? Learn more with the iMBA! (optional)1 min
3 lectures
Module 1 Overview10 min
Module 1 Readings10 min
Module 1 Spreadsheets10 min
1 exercice pour s'entraîner
Module 1 Quiz24 min
Semaine
2
7 heures pour terminer

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)....
21 vidéos (Total 227 min), 3 lectures, 2 quiz
21 vidéos
Objectives2 min
Final General Portfolio Example and Tangency Portfolio15 min
Two-Fund Separation Theorem and Applications10 min
What We've Learned1 min
Examples of Reducing Portfolio Risk20 min
Objectives48s
Development of the CAPM18 min
The CAPM and BETA21 min
The CAPM and ALPHA5 min
What We've Learned1 min
Objectives50s
Practice Problem & Introduction to Interpreting CAPM Regressions10 min
CAPM Example 1: Coca Cola16 min
CAPM Example 2: Balanced Fund6 min
How to Estimate CAPM and What We've Learned4 min
PREPARING for Evaluation of the Small-Value Stock Investment Strategy, 1927-201434 min
RESULTS from Evaluation of the Small-Value Stock Investment Strategy, 1927-201418 min
Module 2 Review6 min
ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities6 min
DISCUSSION OF ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities14 min
3 lectures
Module 2 Overview10 min
Module 2 Readings10 min
Module 2 Spreadsheets10 min
1 exercice pour s'entraîner
Module 2 Quiz24 min
Semaine
3
7 heures pour terminer

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....
18 vidéos (Total 245 min), 3 lectures, 2 quiz
18 vidéos
Objectives and Uses of CAPM4 min
Testing the CAPM11 min
Defending the CAPM14 min
Market Anomalies: Small-Firm and Value Effects15 min
Interpretation of Market Anomalies9 min
Investigating "Long Value Short Growth" Strategy20 min
What We've Learned2 min
Objectives1 min
Multi-Factor Models16 min
Matching9 min
What We've Learned4 min
Use Domestic or Global Factors?20 min
Return-Risk Model Used by Chief Financial Officers (CFOs)13 min
Market Efficiency35 min
Module 3 Review11 min
ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201411 min
DISCUSSION OF ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201436 min
3 lectures
Module 3 Overview10 min
Module 3 Readings10 min
Module 3 Spreadsheets10 min
1 exercice pour s'entraîner
Module 3 Quiz24 min
Semaine
4
6 heures pour terminer

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....
27 vidéos (Total 310 min), 2 lectures, 1 quiz
27 vidéos
Objectives1 min
Formula for Valuing a Perpetuity12 min
Real-World Examples and Perpetuity Problems21 min
What We've Learned2 min
Objectives3 min
Market Multiples Approach to Valuation9 min
Income Approach to Valuation: Introduction17 min
Income Approach to Valuation: Discount Rate17 min
Income Approach to Valuation: Cash Flows8 min
Income Approach to Valuation: Terminal Value, Price-to-Earnings Ratio, & Discounting of Cash Flows19 min
Fudge Factors to Valuation and What We've Learned6 min
Objectives2 min
Microsoft Example17 min
Betas of Small & Large Firms and Betas Across Industries17 min
What We've Learned4 min
Caution in Projecting Firm Growth Rates31 min
Objectives1 min
Defined-Benefit (DB) Pension Plan Liabilities and Their Valuation16 min
Valuing a Stream of Fixed Liabilities19 min
Investment Policy of Pension Benefit Guaranty Corporation (PBGC)6 min
What We've Learned3 min
Objectives1 min
Valuation of Google at Its Initial Public Offering (IPO): First Attempt14 min
Valuation of Google at Its Initial Public Offering (IPO): Digging Deeper21 min
What We've Learned2 min
Module 4 Review7 min
2 lectures
Module 4 Overview10 min
Module 4 Readings10 min
1 exercice pour s'entraîner
Module 4 Quiz24 min
15 minutes pour terminer

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....
1 vidéo (Total 15 min)
1 vidéo
4.7
93 avisChevron Right

80%

a bénéficié d'un avantage concret dans sa carrière grâce à ce cours

Meilleurs avis

par 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.

par 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!

Enseignant

Avatar

Scott Weisbenner

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

Commencez à travailler pour obtenir votre master

This cours is part of the 100% online Master of Business Administration (iMBA) from Université de l'Illinois à Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

À propos de Université de l'Illinois à 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. ...

À propos de la Spécialisation Gestion financière

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....
Gestion financière

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