This is an easy-to-use introduction to security analysis, providing the tools to understanding how and why a portfolio investment strategy works. The text covers the basics of fundamental analysis, valuation, portfolio management theory, fixed-income analysis, and understanding financial statements. Its fundamental approach focuses on practical mechanics. The material begins at a basic level but also provides analytical sections for the more sophisticated reader and includes examples, case studies, and illustrations - plus workbook-style problems set at the ends of chapters.
A PRACTICAL, COMPREHENSIVE INTRODUCTION TO
Getting Started in Security Analysis This accessible new guide covers everything you need to fully grasp the fundamentals of security analysis. Getting Started in Security Analysis focuses on the practical mechanics of such vital topics as fundamental and technical analysis, valuation, portfolio theory, and fixed income analysis. Along with dozens of examples and case studies, you′ll also find special workbook sections that enable you to put your new skills to work. You will find complete details on:
- Accounting balance sheets, income statements, merger and acquisition principles
- Economics the business cycle and investment timing, international trade valuations, and the basics of macroeconomics
- Portfolio management investment policy statement, asset allocation, portfolio construction
- Quantitative analysis time value of money, internal rate of return, standard deviation, variance, correlation
- Credit analysis asset utilization/efficiency ratios, credit ratings, fixed income securities