課程信息
4.6
222 個評分
34 個審閱
專項課程
100% 在線

100% 在線

立即開始,按照自己的計劃學習。
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可靈活調整截止日期

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完成時間(小時)

完成時間大約為31 小時

建議:5 weeks...
可選語言

英語(English)

字幕:英語(English)

您將獲得的技能

Risk ManagementPortfolio ConstructionRisk AnalysisPortfolio Optimization
專項課程
100% 在線

100% 在線

立即開始,按照自己的計劃學習。
可靈活調整截止日期

可靈活調整截止日期

根據您的日程表重置截止日期。
完成時間(小時)

完成時間大約為31 小時

建議:5 weeks...
可選語言

英語(English)

字幕:英語(English)

教學大綱 - 您將從這門課程中學到什麼

1
完成時間(小時)
完成時間為 5 小時

Module 1- Introduction & Risk and Return

This module introduces the second course in the Investment and Portfolio Management Specialization. In this module, we discuss one of the main principles of investing: the risk-return trade-off, the idea that in competitive security markets, higher expected returns come only at a price – the need to bear greater risk. We develop statistical measures of risk and expected return and review the historical record on risk-return patterns across various asset classes. ...
Reading
10 個視頻 (總計 64 分鐘), 11 個閱讀材料, 4 個測驗
Video10 個視頻
Overview – No free lunches! Risk and return trade-off4分鐘
Measuring returns: Geometric average returns6分鐘
Measuring returns: Arithmetic average returns4分鐘
Measuring risk: Volatility of returns8分鐘
Alternative measures of risk7分鐘
More on measuring risk and risk measures4分鐘
Measuring risk and return: Illustration with four stocks8分鐘
Historical record on risk-return patterns8分鐘
Summary1分鐘
Reading11 個閱讀材料
Grading Policy10分鐘
How to use discussion forums10分鐘
Meet & Greet: Get to know your classmates10分鐘
Pre-Course Survey10分鐘
Lecture handouts: Risk and return: Measuring returns10分鐘
Risk and return: Measuring returns Quiz Solutions10分鐘
Lecture handouts: Risk and return: Measuring risk10分鐘
Risk & Return: Measuring risk Quiz solutions10分鐘
Lecture handouts: Risk and return: Historical record10分鐘
Investing: Stocks for the long run (optional)10分鐘
Module 1: Risk & Return Solutions10分鐘
Quiz3 個練習
Risk and return: Measuring returns10分鐘
Risk & Return: Measuring risk10分鐘
Module 1: Risk & Return20分鐘
2
完成時間(小時)
完成時間為 6 小時

Module 2: Portfolio construction and diversification

In this module, we build on the tools from the previous module to develop measure of portfolio risk and return. We define and distinguish between the different sources of risk and discuss the concept of diversification: how and why putting risky assets together in a portfolio eliminates risk that yields a portfolio with less risk than its components. Finally, we review the quantitative tools that help us identify the ‘best’ portfolios with the least risk for a given level of expected return by considering a numerical example using international equity data....
Reading
16 個視頻 (總計 83 分鐘), 12 個閱讀材料, 6 個測驗
Video16 個視頻
Measuring the expected return of a portfolio8分鐘
Let’s review how we measure risk for a single asset4分鐘
Finding the volatility of a portfolio return3分鐘
Portfolio volatility: Another example2分鐘
Measuring the co-movement between securities9分鐘
Putting it all together… portfolio risk and diversification7分鐘
Diversification and portfolio risk3分鐘
Diversification: A graphical illustration with two assets4分鐘
Diversification: A graphical illustration with three assets3分鐘
Diversification: Systematic risk and idiosyncratic risk7分鐘
Diversification: An illustration from international equity markets (US and Japan only)11分鐘
Mean-variance frontier and efficient portfolios: International equity investment example (G5 countries)5分鐘
Are you diversified adequately?4分鐘
Mean-variance portfolio analysis5分鐘
Summary1分鐘
Reading12 個閱讀材料
Lecture handouts: Measuring portfolio expected return
Measuring expected portfolio return Quiz solutions10分鐘
Lecture handouts: Measuring portfolio volatility
Measuring portfolio volatility Quiz solutions10分鐘
Accompanying spreadsheets for "Diversification: An illustration from international equity markets (US and Japan only)"10分鐘
A Note on using EXCEL Solver10分鐘
Lecture handouts: Diversification and portfolio risk
Lecture handouts: Mean-variance frontier and efficient portfolios: International equity investment example
Diversification and portfolio risk Quiz solutions10分鐘
Equity investing: Globalization and diversification (optional)10分鐘
Lecture handouts: Are you adequately diversified?
Module 2: Portfolio construction and diversification- Solutions10分鐘
Quiz4 個練習
Measuring expected portfolio return16分鐘
Measuring portfolio volatility20分鐘
Diversification and portfolio risk30分鐘
Module 2: Portfolio construction and diversification20分鐘
3
完成時間(小時)
完成時間為 2 小時

Module 3: Mean-variance preferences

In this module, we describe how investors make choices. Specifically, we look at how utility functions are used to express preferences. We review measures to describe investors’ attitude towards risk. Finally, we discuss how we can summarize investors’ preferences using a specific utility function: mean-variance preferences. ...
Reading
7 個視頻 (總計 47 分鐘), 7 個閱讀材料, 3 個測驗
Video7 個視頻
Preferences: Utility functions8分鐘
Risk aversion9分鐘
Expected utility6分鐘
Mean-variance preferences8分鐘
Portfolio choice problem with mean-variance preferences: A graphical illustration with equity and bond data10分鐘
Summary1分鐘
Reading7 個閱讀材料
Lecture handouts: Utility and risk aversion
A note on measuring risk aversion and certainty equivalent10分鐘
Utility and Risk aversion Quiz solutions10分鐘
Lecture handouts: Mean-variance preferences
Portfolio choice with mean-variance preferences quiz solutions10分鐘
Measure your own risk tolerance10分鐘
Module 3: Mean-variance preferences- Solutions10分鐘
Quiz3 個練習
Utility and risk aversion10分鐘
Portfolio choice with mean-variance preferences16分鐘
Module 3: Mean-variance preferences12分鐘
4
完成時間(小時)
完成時間為 5 小時

Module 4: Optimal capital allocation and portfolio choice

In this module, you will learn about mean-variance optimization: how to make optimal capital allocation and portfolio choice decisions when investors have mean-variance preferences. This was one of the ground-breaking ideas in finance. We will formally set up the investor’s portfolio choice problem and learn step-by-step how to solve for the optimal allocation and risky portfolio choice given a set of risky securities. You will also have an opportunity to apply these techniques to a numerical example. This module is slightly more technical than the others. Stick with it… you will not regret it!...
Reading
10 個視頻 (總計 63 分鐘), 12 個閱讀材料, 3 個測驗
Video10 個視頻
Capital allocation line11分鐘
Solving for the optimal capital allocation7分鐘
Optimal capital allocation example: U.S. equities and Treasuries10分鐘
Finding the optimal risky portfolio: Maximizing the Sharpe ratio6分鐘
Main insight: The optimal risky portfolio is independent of preferences2分鐘
Finding the optimal risk portfolio when you have multiple risky securities10分鐘
Investment decision process5分鐘
What’s wrong with mean-variance portfolio analysis?4分鐘
Summary2分鐘
Reading12 個閱讀材料
A note on optimal capital allocation10分鐘
Accompanying spreadsheets for "Optimal Capital Allocation Example: US Equities and Treasuries"10分鐘
Lecture handouts: Mean-variance optimization
Mean-variance optimization Quiz solutions10分鐘
Analytical solution to MVE portfolio (two risky assets)10分鐘
A note on finding the mean variance efficient portfolio (Two risky assets)10分鐘
Accompanying spreadsheets for "Finding the optimal risky portfolio: Maximizing the Sharpe ratio"10分鐘
A note on finding the minimum variance frontier with multiple risky assets10分鐘
Accompanying spreadsheet for finding minimum variance frontier with multiple risky assets10分鐘
Lecture handouts: Optimal risky portfolio choice
Lecture handouts
Optimal capital allocation and portfolio choice- Solutions10分鐘
Quiz2 個練習
Mean-variance optimization10分鐘
Optimal capital allocation and portfolio choice18分鐘
4.6
34 個審閱Chevron Right
職業方向

50%

完成這些課程後已開始新的職業生涯
工作福利

50%

通過此課程獲得實實在在的工作福利

熱門審閱

創建者 AHDec 17th 2016

I really enjoyed this course. Sometimes it required a lot of discipline to analyse investigate, but at the end I've learn a lot.

創建者 AANov 11th 2018

This is the most informative in depth short course i ever across. Learned a lot!

講師

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Arzu Ozoguz

Finance Faculty
Jones Graduate School of Business

關於 Rice University

Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy....

關於 Investment and Portfolio Management 專項課程

In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing. All investors – from the largest wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will begin with an overview of global financial markets and instruments that characterize the investment opportunities available to today’s investor. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies. By the end of your Capstone Project, you will have mastered the analytical tools, quantitative skills, and practical knowledge necessary for long-term investment management success. To see an overview video for this Specialization, click here!...
Investment and Portfolio Management

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