Equity Valuation and Portfolio Management

  • 10h 54m
  • Frank J. Fabozzi, Harry M. Markowitz (eds)
  • John Wiley & Sons (US)
  • 2011

A detailed look at equity valuation and portfolio management

Equity valuation is a method of valuing stock prices using fundamental analysis to determine the worth of the business and discover investment opportunities.

In Equity Valuation and Portfolio Management Frank J. Fabozzi and Harry M. Markowitz explain the process of equity valuation, provide the necessary mathematical background, and discuss classic and new portfolio strategies for investment managers. Divided into two comprehensive parts, this reliable resource focuses on valuation and portfolio strategies related to equities.

  • Discusses both fundamental and new techniques for valuation and strategies
  • Fabozzi and Markowitz are experts in the fields of investment management and economics
  • Includes end of chapter bullet point summaries, key chapter take-aways, and study questions

Filled with in-depth insights and practical advice, Equity Valuation and Portfolio Management will put you in a better position to excel at this challenging endeavor.

About the Editors

Frank J. Fabozzi, PhD, CFA, is Professor of Finance at EDHEC Business School and a member of the EDHEC-Risk Institute. Prior to joining EDHEC in August 2011, he held various professorial positions in finance at the Yale School of Management from 1994 to 2011 and was a visiting professor of finance and accounting at the MIT Sloan School of Management from 1986 to 1992. He is also Editor of the Journal of Portfolio Management.

Harry M. Markowitz, PhD, is a consultant in the area of finance. In 1990, he was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his groundbreaking work in portfolio theory. In 1989, he received the John von Neumann Theory Prize of the Institute for Operations Research and the Management Sciences for his work in portfolio theory and other applications of mathematics and computers to business practice.

In this Book

  • An Introduction to Quantitative Equity Investing
  • Equity Analysis Using Traditional and Value-Based Metrics
  • A Franchise Factor Approach to Modeling P/E Orbits
  • Relative Valuation Methods for Equity Analysis
  • Valuation over the Cycle and the Distribution of Returns[*]
  • An Architecture for Equity Portfolio Management
  • Equity Analysis in a Complex Market
  • Survey Studies of the Use of Quantitative Equity Management
  • Implementable Quantitative Equity Research[*]
  • Tracking Error and Common Stock Portfolio Management
  • Factor-Based Equity Portfolio Construction and Analysis
  • Cross-Sectional Factor-Based Models and Trading Strategies
  • Multifactor Equity Risk Models and Their Applications
  • Dynamic Factor Approaches to Equity Portfolio Management
  • A Factor Competition Approach to Stock Selection
  • Avoiding Unintended Country Bets in Global Equity Portfolios[*]
  • Modeling Market Impact Costs
  • Equity Portfolio Selection in Practice
  • Portfolio Construction and Extreme Risk
  • Working with High-Frequency Data
  • Statistical Arbitrage
  • Answers
  • About the Web Site