Syllabus
BA4001: Security Analysis and Portfolio Management
Unit I: Investment Setting                                                           Â
Financial and Economic Meaning of Investment – Characteristics and Objectives of Investment – Investment Process -Types of Investment – Investment Alternatives – Choice and Evaluation – Risk and Return Concepts – Valuation of Bonds and Stock.
Unit II: Fundamental Analysis                                                       Â
Economic Analysis – Economic Forecasting and Stock Investment Decisions – Forecasting Techniques. Industry Analysis: Industry Classification, Industry Life Cycle – Company Analysis Measuring Earnings – Forecasting Earnings – Applied Valuation Techniques – Graham and Dodds Investor Ratios.
Unit III: Technical Analysis                                                          Â
Fundamental Analysis Vs Technical Analysis – Dow theory – Charting Methods – Chart Patterns Trend – Trend Reversals – Market Indicators – Moving Average – Exponential Moving Average Oscillators – RSI – ROC – MACD.
Efficient Market Theory – Forms of Market Efficiency -Weak, Semi-Strong, Strong Form – Empirical Tests of Market Efficiency – its Application.
Unit IV: Portfolio Construction and Selection                                           Â
Portfolio Analysis – Reduction of Portfolio Risk Through Diversification – Portfolio Risk – Portfolio Selection – Feasible Set of Portfolios – Efficient Set – Markowitz Model – Single Index Model – Construction of Optimum Portfolio – Multi-Index Model.
Unit V:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Capital Asset Pricing Model – Lending and Borrowing – CML – SML – Pricing with CAPM – Arbitrage Pricing Theory – Portfolio Evaluation – Sharpe’s Index Treynor’s Index, Jensen’s Index – Mutual Funds – Portfolio Revision.