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> How do you reconcile HPR in continous compounding approach "e^(r*t)" and normal
one "(1+r)^t"
> Pyramid: Data > Insights > View > Selection > Allocation > Optimization
5 Apr
> Beta
> Risk is the stupid trade that should have never happened, Michael Burry
> Maximize your Alpha deviation
> HW Assignment: Prepare a one-pager report on Baseline Alpha / Beta
12 Apr
> Value Investing (premise is investors Over-react); Buy and Hold; Buy at a low
point; Time Horizon
> Limited set of Securities worth Investing, if its generating return let it be
> HW: Price to Earnings & Price to Book; where they come from
> Growth Based Investing: Like Demographics
> Momentum Investing: One follows the other; Ability to go in and out easily;
> TRG History of 4-years
> Technical Investing Style: Price Signals
19 May
Duration is defined as the time it takes on average to recieve the cash flows out
of a bond investment
Convexity
7 July
Information needed for Bonds
1. Duration
2. Convexity
3. Trading Volume
4. Volatility
5. Capital Charge
6. Mismatch
7. Outlook
1. Market
2. Credit
3.
14 July
MUFAP - PKRV
Kelly's Criteria
Bullet, Barbel, Ladder
Duration Gap
Maturity Gap
Asset Liability Management
What happens when interest rate go up by 1%?
28 July
1. Maximize Return
2. Max. Return/Risk
3. Minimise Risk
4. Max./Min.
5. Max. Excess Rate > Alpha
6. Min. Alpha Dev. >
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7. Capital conservation point > Capital Loss
8. Skewness
9. Multi-Period Portfolio Optimization > Kelly