PROGRAMS

Fundamental Equity Research

    • What is fundamental analysis?

      Why is fundamental analysis relevant for investing?

    • Efficient Market Hypothesis (EMH).
    • Arguments against EMH.
    • Steps in Fundamental Analysis.

    • Macro Economy Analysis.

    • Micro Economy Analysis.

    • Market Forces- Demand & Supply

    • Industry Reports & Analysis

    • Economic Cycle

      Concept of Time value of Money

    • Interest Rates and Discount Factors.
    • Opportunity Cost.
    • Risk-free Rate.
    • Equity Risk Premium.
    • The Concept Beta.
    • Risk Adjusted Return (Sharpe Ratio).

      Elementary Statistical Concepts

    • Mean.
    • Geometric Mean.
    • Return and Risk.
    • Standard Deviation of Return.
    • Co-efficient of variation Covariance.
    • Correlation Coefficient.
    • Normal Distribution.
    • Relationship between Return and Risk.
    • Return and Risk of a portfolio.
    • Company Analysis.

      Understanding Financial Statements.

    • Balance Sheet.
    • Profit and Loss Account.
    • Comparative Financial Statements.
    • Common Size Statements.
    • Ratio Analysis.
    • Discounted Cash Flow (DCF) Model.

    • Dividend Discount Model (DDM).

    • CAPM – Capital Asset pricing Model.

    • Trading Psychology.

    • Report Writing.