{"product_id":"applied-equity-analysis-and-portfolio-management-online-video-course-isbn-9781118630914","title":"Applied Equity Analysis and Portfolio Management, + Online Video Course","description":"\u003cp\u003e\u003cb\u003eA \"hands-on\" guide to applied equity analysis and portfolio management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom asset allocation to modeling the intrinsic value of a stock, \u003ci\u003eApplied Equity Analysis and Portfolio Management + Online Video Course\u003c\/i\u003e offers readers a solid foundation in the practice of fundamental analysis using the same tools and techniques as professional investors. Filled with real-world illustrations and hands-on applications, Professor Weigand's learning system takes a rigorous, empirical approach to topics such as analyzing the macro-finance environment, sector rotation, financial analysis and valuation, assessing a company's competitive position, and reporting the performance of a stock portfolio.\u003c\/p\u003e \u003cp\u003eUnlike typical books on this subject—which feature chapters to read and exercises to complete—this resource allows readers to actively participate in the learning experience by completing writing exercises and manipulating interactive spreadsheets that illustrate the principles being taught. The learning system also features instructional videos that demonstrate how to use the spreadsheet models and excerpts from the author's blog, which are used to depict additional examples of the analysis process. Along the way, it skillfully outlines an effective approach to creating and interpreting outputs typically associated with a top-down money management shop — including a macroeconomic forecasting newsletter, detailed stock research reports, and a portfolio performance attribution analysis.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers topics including active and passive money management, fundamental analysis and portfolio attribution analysis\u003c\/li\u003e \u003cli\u003eCompanion streaming videos show how to use free online data to create yourown analyses of key economic indicators, individual stocks, and stock portfolios\u003c\/li\u003e \u003cli\u003eA valuable resource for universities who have applied equity analysis and portfolio management courses\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePractical and up-to-date, the book is an excellent resource for those with a need for practical investment expertise.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Perspectives on Active and Passive Money Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTerminology: Investors, Investment Vehicles, Risk, and Return 1\u003c\/p\u003e \u003cp\u003eThe Top-Down Fundamental Analysis Process 3\u003c\/p\u003e \u003cp\u003eThe Record of Professional Money Managers 8\u003c\/p\u003e \u003cp\u003eMarket Efficiency, Behavioral Finance, and Adaptive Expectations 10\u003c\/p\u003e \u003cp\u003eAdditional Perspectives on Investing 18\u003c\/p\u003e \u003cp\u003eProfessional Investment Policy Statements 26\u003c\/p\u003e \u003cp\u003eSummary 30\u003c\/p\u003e \u003cp\u003eQuestions 30\u003c\/p\u003e \u003cp\u003eAnswers to Selected Questions 32\u003c\/p\u003e \u003cp\u003eReferences 33\u003c\/p\u003e \u003cp\u003eNotes 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Analyzing the Macro-Finance Environment 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Analysis: The First Step of a Top-Down Fundamental Process 35\u003c\/p\u003e \u003cp\u003eData Considerations: Nominal and Real-Time Series 41\u003c\/p\u003e \u003cp\u003eNational Income, Corporate Profits, and Job Creation 41\u003c\/p\u003e \u003cp\u003eLeading Economic Indicators 43\u003c\/p\u003e \u003cp\u003eCoincident Economic Indicators 54\u003c\/p\u003e \u003cp\u003eLagging Economic Indicators 58\u003c\/p\u003e \u003cp\u003eSupplemental Economic Indicators 64\u003c\/p\u003e \u003cp\u003eSummary 67\u003c\/p\u003e \u003cp\u003eQuestions 67\u003c\/p\u003e \u003cp\u003eReferences 69\u003c\/p\u003e \u003cp\u003eNotes 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Valuation, Expected Returns, and the Dividend Discount Model 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinance Principle 1: Valuation 71\u003c\/p\u003e \u003cp\u003eFinance Principle 2: Value and Expected Returns 77\u003c\/p\u003e \u003cp\u003eSummary 88\u003c\/p\u003e \u003cp\u003eQuestions and Problems 88\u003c\/p\u003e \u003cp\u003eAnswers to Selected Questions and Problems 93\u003c\/p\u003e \u003cp\u003eReference 96\u003c\/p\u003e \u003cp\u003eNote 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Historical Performance Analysis 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Started 98\u003c\/p\u003e \u003cp\u003eHistorical Stock Returns 100\u003c\/p\u003e \u003cp\u003eGrowth in Revenues, Profits, and Dividends 101\u003c\/p\u003e \u003cp\u003eGross, Operating, and Net Profit Margins 108\u003c\/p\u003e \u003cp\u003eRelative Valuation 111\u003c\/p\u003e \u003cp\u003eLiquidity and Debt 115\u003c\/p\u003e \u003cp\u003eProfitability: ROA and ROE 118\u003c\/p\u003e \u003cp\u003eNOPAT, Total Invested Capital, Free Cash Flow, and ROIC 122\u003c\/p\u003e \u003cp\u003eValue Creation: Cost of Capital, EVA, MVA, and Intrinsic Value 127\u003c\/p\u003e \u003cp\u003eUsing Diffusion Indexes to Summarize Performance Analysis 134\u003c\/p\u003e \u003cp\u003eSummary: Historical Performance Analysis 136\u003c\/p\u003e \u003cp\u003eAppendix: United Technologies’ Financial Statement Highlights, 2009–2012 136\u003c\/p\u003e \u003cp\u003eQuestions 138\u003c\/p\u003e \u003cp\u003eAnswers to Selected Questions 139\u003c\/p\u003e \u003cp\u003eReferences 142\u003c\/p\u003e \u003cp\u003eNotes 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Financial Statement Forecasting, Financial Analysis, and Valuation 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Income Statement Forecast Worksheet 144\u003c\/p\u003e \u003cp\u003eThe Percent-of-Sales Forecasting Method 144\u003c\/p\u003e \u003cp\u003eForecasting MCD’s Income Statement 145\u003c\/p\u003e \u003cp\u003eForecasting MCD’s Balance Sheet 153\u003c\/p\u003e \u003cp\u003ePro Forma Analysis: MCD 159\u003c\/p\u003e \u003cp\u003eIntrinsic Value Modeling 164\u003c\/p\u003e \u003cp\u003eFinancial Fitness and Probability of Bankruptcy Scorecards 170\u003c\/p\u003e \u003cp\u003eSummary 171\u003c\/p\u003e \u003cp\u003eCase Study 5.1: Two Perspectives on Valuation Analysis: The Curious Case of Amazon, Inc. 172\u003c\/p\u003e \u003cp\u003eQuestions 175\u003c\/p\u003e \u003cp\u003eReferences 208\u003c\/p\u003e \u003cp\u003eNotes 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Analyzing Company Strategy and Identifying Catalysts 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSources of Information 212\u003c\/p\u003e \u003cp\u003eUnique Capabilities Lead to Sustainable Competitive Advantage 212\u003c\/p\u003e \u003cp\u003eGetting Started: Analyzing Strategy and Competitive Advantage 216\u003c\/p\u003e \u003cp\u003ePorter’s Five Forces Model 223\u003c\/p\u003e \u003cp\u003eSWOT Analysis 229\u003c\/p\u003e \u003cp\u003eCatalysts 232\u003c\/p\u003e \u003cp\u003eSummary 232\u003c\/p\u003e \u003cp\u003eQuestions 233\u003c\/p\u003e \u003cp\u003eAnswers to Selected Questions 233\u003c\/p\u003e \u003cp\u003eReferences 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Portfolio Risk and Performance Attribution 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFoundations: Risk and Expected Return 236\u003c\/p\u003e \u003cp\u003eStatistical Representations of Macroeconomic and Firm-Specific Risk 240\u003c\/p\u003e \u003cp\u003eExtending the Mean-Variance Framework: Beta 249\u003c\/p\u003e \u003cp\u003ePerformance Attribution: Sector Weights, Dividend Yield, Beta, and Style 255\u003c\/p\u003e \u003cp\u003eMultifactor Models 262\u003c\/p\u003e \u003cp\u003eSummary 266\u003c\/p\u003e \u003cp\u003eQuestions and Problems 267\u003c\/p\u003e \u003cp\u003eAnswers to Selected Questions and Problems 271\u003c\/p\u003e \u003cp\u003eReferences 279\u003c\/p\u003e \u003cp\u003eNotes 279\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix The Time Value of Money and the Basics of Valuation 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBasic Terminology 282\u003c\/p\u003e \u003cp\u003eThe Basic Future Value Tool 282\u003c\/p\u003e \u003cp\u003eThe Basic Present Value Tool 285\u003c\/p\u003e \u003cp\u003ePerpetuities 292\u003c\/p\u003e \u003cp\u003eCalculating Average Annual Compound Rates of Return 293\u003c\/p\u003e \u003cp\u003eIntegrated Problems Featuring Multiple TVM Tools 293\u003c\/p\u003e \u003cp\u003eSolving for the Number of Periods 294\u003c\/p\u003e \u003cp\u003eMore on the EAR-to-APR Conversion 295\u003c\/p\u003e \u003cp\u003eArithmetic versus Geometric Averages 296\u003c\/p\u003e \u003cp\u003eQuestions and Problems 298\u003c\/p\u003e \u003cp\u003eAnswers to Selected Questions and Problems 302\u003c\/p\u003e \u003cp\u003eAbout the Online Video Course 309\u003c\/p\u003e \u003cp\u003eAbout the Author 311\u003c\/p\u003e \u003cp\u003eIndex 313\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eROBERT A. WEIGAND, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e is Professor of Finance and Brenneman Professor of Business Strategy at Washburn University in Topeka, Kansas. Previously, he was a faculty member at Texas A\u0026amp;M University, the University of Colorado, and the University of South Florida. Dr. Weigand is the author of over 40 scholarly articles and book chapters. His research has supported various innovations in the field of asset management, including Russell Investment's CrossVol™ Volatility Indexes. He earned a PhD in financial economics from the University of Arizona in 1993.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for\u003c\/b\u003e \u003cb\u003eApplied Equity Analysis and Portfolio Management\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eProfessor Weigand's book is the clearest description of how to evaluate and pick stocks that I've read. The professional tools he provides are useful, and accompanied by intuitive, commonsense explanations. Whether you want to talk more intelligently with your financial advisor, become one yourself, or just dabble in the stock market, this book will help you achieve your goals. \u003c\/p\u003e\u003cp\u003e—Ken Kroner, Head and Chief Investment Officer of Scientific Active Equity, Blackrock, Inc. \u003c\/p\u003e\u003cp\u003eI have been professionally practicing in the investment management business for 34 years. Many clients have asked my advice for a guide, a book to study that encompasses the essence of solid investment processes. Dr. Weigand's book is that resource: it captures both the art and science of the discipline, while taking today's demanding investment environment into consideration. \u003c\/p\u003e\u003cp\u003e—William Greiner, CIO of Mariner Wealth Advisors and BusinessWeek's 2005 \"Stock Market Strategist of the Year\" \u003c\/p\u003e\u003cp\u003eSimply put, Rob Weigand's \u003ci\u003eApplied Equity Analysis and Portfolio Management\u003c\/i\u003e is a masterful work. His \"learning system\" is a potential game changer for anyone who is serious about investing, including students, investment advisors, financial planners, and experienced investors. He writes with great clarity and provides a complete package to ensure a successful learning experience. Based on my analysis, this book is an unqualified \"buy.\" \u003c\/p\u003e\u003cp\u003e—H. Kent Baker, CFA, University Professor of Finance, Kogod School of Business American University \u003c\/p\u003e\u003cp\u003eI found Dr. Weigand's learning system to be insightful, clear, and directive. His \"learn by doing\" style of teaching has not only captivated and inspired talented students, but has been very instructional for seasoned professional investors as well. \u003c\/p\u003e\u003cp\u003e—Mayo Schmidt, Retired President and CEO, Viterra Corporation\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988750680293,"sku":"NP9781118630914","price":141.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118630914.jpg?v=1761781447","url":"https:\/\/k12savings.com\/products\/applied-equity-analysis-and-portfolio-management-online-video-course-isbn-9781118630914","provider":"K12savings","version":"1.0","type":"link"}