Investment Analysis & Portfolio Management - Core Finance
4.5 (1,303 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
7,076 students enrolled

Investment Analysis & Portfolio Management - Core Finance

Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel® & Google Sheets
4.5 (1,303 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
7,076 students enrolled
Last updated 6/2020
English
English [Auto]
Current price: $125.99 Original price: $179.99 Discount: 30% off
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30-Day Money-Back Guarantee
This course includes
  • 6 hours on-demand video
  • 12 articles
  • 69 downloadable resources
  • 1 Practice Test
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • Calculate stock returns manually as well as on Excel and Google Sheets, using real world data obtained from free sources.
  • Estimate the Expected Returns of Stocks using the Mean Method, State Contingent Weighted Probabilities, as well as Asset Pricing Models.
  • Calculate the total risk, market risk, and firm specific risk of stocks from scratch, and explore how the different risks interact.
  • Understand why the math works, and why equations work the way they do - even if your math is weak and if math freaks you out.
  • Witness the power of diversification and how the risk of your portfolio can be lower than the individual assets that make up the portfolio!
  • Measure your investment portfolio's performance by calculating portfolio returns and risks.
  • Optimise your portfolios by maximising your returns while minimising your risk.
Requirements
  • No prior knowledge required. We start from the very basics. And build you to an Investment Analysis & Portfolio Management Guru.
  • It's okay if math freaks you out. Seriously. Every single equation is explained one variable at a time. We rip it apart to its core, and show you how simple it really is.
  • Knowledge of basic statistical analysis is useful but NOT essential.
  • You'll need a calculator, access to Microsoft Excel® OR a Google account (Google Sheets).
Description

Say hello to Financial Analysis done right. You'll master sophisticated investment analysis and portfolio management techniques that are rigorously grounded in academic and practitioner literature.

Explore and master powerful relationships between stock prices, returns, and risk. Quantify and measure your investment risk, from scratch.

Discover what your financial advisor should be doing to manage your portfolio - to manage your investments.

Do all of this, and a whole lot more... manually, as well as on Excel® and Google Sheets, working with real world data.

There’s no prior knowledge required. We’ll start you from the very basics, and build you to a financial analysis PRO thanks to:

5 SECTIONS TO MASTERY (plus, all future updates included).

Introduction: Understanding Investment Security Relationships & Estimating Returns

  • Understanding powerful relationships between risk, return, and price.

  • Intuitively explore the baseline fundamental law of Financial Analysis - The Law of One Price.

  • Calculating stock returns for dividend and non-dividend paying stocks, manually.

  • Downloading and working with real world data, and estimating stock returns on Excel® / Google Sheets.

Estimating Expected Returns

  • Estimating expected returns using the average (mean) method.

  • Estimating expected returns using 'state contingent weighted probabilities'.

  • Estimating expected returns using Asset Pricing Models including the Capital Asset Pricing Model (CAPM).

  • You'll learn each approach theoretically AND practically, ensuring you fully understand why the formulas work the way they do, and that you're able to download relevant data and conduct the initial financial analysis by computing expected returns for any stock you want.

Understanding and Measuring Risk and Relationships

  • Estimating the total risk of a stock.

  • Estimating the market risk of a stock.

  • As a by-product of learning to measure the market risk, you'll also learn how to quantity the relationships between securities - something that will be a focal theme of portfolio management and investment / financial analysis.

  • As with the expected returns, you'll learn to measure risk manually as well as on Excel® / Google Sheets. Thanks to a solid understanding of why the equations work the way they do, you'll see how Google Sheets can get things wrong, and what you can do to make sure you conduct financial analysis without incorrect / inaccurate estimates.

Measuring Portfolio Risk and Return

  • Estimating the return of a 2 asset and multi-asset portfolio.

  • Measuring the risk of a 2 asset and multi-asset portfolio.

  • Discover the 3 factors that influence / impact portfolio risk - 1 of which is more important than the other two combined!

Exploring Diversification & Optimisation

  • Risk reduction by diversification.

  • Exploring Optimal Diversification - Number of Securities to Hold

  • Optimising portfolio weights to achieve a target expected return.

  • Minimising your portfolio risk (mathematically) using robust financial analysis techniques.


DESIGNED FOR DISTINCTION

We've used the same tried and tested, proven to work teaching techniques that've helped our clients ace their exams and become chartered certified accountants, get hired by the most renowned investment banks in the world, and indeed, manage their own portfolios. Here's how we'll help you master financial analysis and turn you into an Investment Analysis & Portfolio Management PRO:

A Solid Foundation

You’ll gain a solid foundation of the core fundamentals that drive the entire investment analysis and portfolio management process. These fundamentals are the essence of financial analysis done right.

Example Walkthroughs

Every major concept is taught with example question walkthroughs, so you can literally see how we analyse investments and conduct rigorous financial analysis, one step at a time.

Loads of Practice Questions

Apply what you learn immediately with 150+ practice questions, all with impeccably detailed solutions.

Cheat Sheets & Resources

Mathematical proofs, one page cheat sheets, workable Excel® & Google Sheet spreadsheets – all included.


Say goodbye to information overload.

Engage with carefully thought out, clutter-free, and engaging study materials that focus on the 20% finance fundamentals that drive 80% of the results.

Easily follow through complex financial analysis concepts with great visuals that don’t overdo it.

Explore byte-sized lectures that don’t cut corners – so you receive the right amount of information which will hold you in good stead wherever you go, whatever you move on to do.


Watch your confidence grow.

Apply what you learn immediately in example question walkthroughs and progressively challenging quizzes with impeccably detailed solutions.

Engage with over 150 questions ranging from simple true and false ones to more complex problems that take you outside your comfort zone.

Questions are relevant for Ivy League / Russell Group University students studying any core Finance / Financial Analysis course, as well as professionals studying for the ICAEW CFAB, ACA, ACCA, and CFA qualifications.

All questions designed in-house, by Russell Group Distinction Tutors.


Finally understand why  the math works.

Learn why we divide some variables by something, and multiply other variables by something else. Get past the painful approach of memorising countless equations. Not only will we rip apart each equation one variable at a time, we’ll also give you mathematical proofs that show the equation’s logic one step at a time. Save yourself time and effort by understanding why the equation works the way it does. Then go out and create your own equations, and redefine the way you conduct your own financial analysis.


______________________________________________________________________________________________________________________

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- Abdulaziz, BA (Hons), International Management


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Fervent provides an exceptional service, the whole process from start to finish was very hands on and supportive – during my final year I needed tuition for a governance paper, essentially I was hoping they would do all the work for me but in the long run I got so much more than I bargained for ….they changed my entire thought process and maintained a complete professional reserve. Working with me every step of the way, I was encouraged to think critically in achieving my objective and inspired to dig deep. As a result I produced a 2000 word essay (which I had them proof read as well) worthy of a distinction. Thank you for all the help and most importantly thank you for believing in me.

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My tutor is specialized not only in the teaching of Accounting and Finance but also very familiar with the relevant knowledge in the subjects such as Marketing and Management. This is why I trust this person at an initial point along with his kind, friendly and very patient characteristics (e.g. I’m always encouraged by my tutor during the session with him, often to hear: if you really want it and then you can do it and will make it with no doubts).

“Skilled worker ushers in the gate, leads a pious life depending on individual.” This is a Chinese old saying which I can still remember vividly because it was what my tutor had told me in my  with him and made me believe an excellent learning outcome and a constructive learning process requires the hardworking from both of us. The record shows we did it. This is another reason I like Fervent as in the session with my tutor you see his hardworking as for the preparation for each session and in making the sessions distinctive from cliché-ridden teaching-and-listening classes by exploring the best way and the most suitable set of teaching methods to provide the student with the best value for money.

Jiajian BA (Hons), Business and Management



Who this course is for:
  • ACA, ACCA, CFA®, other Professional students
  • Ivy League / Russell Group University students
  • Finance Managers keen on applying conceptual techniques including portfolio design.
  • Investors wanting to work with techniques that are rigorously grounded in academic and practitioner literature.
  • Analysts, and aspiring Investment Bankers wanting to gain a solid foundation in investment analysis.
  • Anyone who wants to learn investment analysis and portfolio management!
Course content
Expand all 38 lectures 06:18:35
+ Special Announcement
1 lecture 01:38
Coronavirus [Special Announcement]
01:38
+ Understanding Price, Risk, and Return Relationships & Calculating Returns
5 lectures 50:06

Learn about incredibly powerful relationships between Price, Risk, and Return. These relationships will guide our entire Investment Analysis and Portfolio Management process.

Preview 15:48
Price, Risk, and Return - Definitions & Relationships [Quiz]
10 questions

Often considered "complicated" and counterintuitive, understanding shorting is pivotal to any sort of financial analysis. In this video, you'll see exactly what it is and how it works; and most importantly, how dangerous it can be.

What is Shorting?
09:44
What is Shorting? [Quiz]
5 questions

You'll learn how to calculate stock returns from scratch (manually).

Preview 13:03
Calculating Stock Returns [Quiz]
10 questions

Build on your knowledge of calculating stock returns by working with real world financial data. You'll learn how to calculate returns on Excel® and Google Sheets.

Calculating Stock Returns II (Applied)
11:03
The objective of this assignment is to help you get comfortable with downloading financial datasets and conduct some basic computations, in this case, calculating returns.
Calculating Stock Returns II (Applied) [Assignment]
2 questions
Variable Notations & Descriptions Cheat Sheet
00:28
+ Estimating Expected Returns
5 lectures 01:17:45

Investing decisions are based on future expectations. Learn how to estimate 'Expected Returns', starting with the the easiest method.

Expected Returns using Average (Mean) Method
19:12
Expected Returns using Average (Mean) Method [Quiz]
5 questions
The objective of this assignment is to further strengthen your ability of dealing with real world data. You'll apply your knowledge of calculating returns and expected returns using data for Apple Inc. (AAPL).
Expected Returns using Average (Mean) Method [Assignment]
1 question

Learn how to estimate Expected Returns when the economy could be in a recession, boom, or other 'state'.

Expected Returns using State Contingent Weighted Probabilities
15:22
Expected Returns using State Contingent Weighted Probabilities [Quiz]
5 questions
This assignment will help you get confident with using real world data and estimating state contingent weighted probabilities.
Expected Returns using State Contingent Weighted Probabilities [Assignment]
2 questions

Overcome the limitations of the mean method and state contingent based methods by learning how to estimate expected returns using state of the art, industry relevant Asset Pricing Models.

Expected Returns using Asset Pricing Models I
17:11
Expected Returns using Asset Pricing Models I [Quiz]
10 questions

Apply your theoretical knowledge by estimating the expected return of a stock using real world data and the Capital Asset Pricing Model ("CAPM").

Expected Returns using Asset Pricing Models I (Applied)
10:19
Expected Returns using Asset Pricing Models I (Applied) [Quiz]
10 questions

Explore more robust Asset Pricing Models including the Fama-French 3 factor model, Carhart 4 factor model, and Fama-French 5 factor model, in addition to looking at other factors that influence returns.

Expected Returns using Asset Pricing Models II
15:41
Expected Returns using Asset Pricing Models II [Quiz]
10 questions
+ Understanding and Measuring Risk & Relationships
5 lectures 01:07:20

Investments are risky. But how do we measure risk? We'll start from scratch, so you understand the logic and rationale behind the measure.

Estimating The Total Risk of a Stock I
20:36
Estimating The Total Risk of a Stock I [Quiz]
10 questions

Apply your knowledge of measuring total risk by calculating the risk of a stock using real world data.

Estimating The Total Risk of a Stock II - Applied
15:25
This assignment will help you gain confidence with measuring the total risk of a stock, working with real world data.
Estimating The Total Risk of a Stock II - Applied [Assignment]
2 questions

Learn how to measure the market risk of a stock - the risk that no one can eliminate, no matter what. As a by-product of this, you'll also learn how to quantify the relationships between securities - something that will become imperative when we learn to manage portfolios.

Estimating The Market Risk of a Stock I
13:46
Estimating The Market Risk of a Stock I [Quiz]
10 questions

Work with real world data and measure the market risk of a stock from scratch, as well as using functions on Excel® and Google Sheets. Plus, see how spreadsheets can get it wrong sometimes, and why knowing what formulas are doing is imperative for great investment analysis and portfolio management.

Estimating The Market Risk of a Stock II - Applied
16:07
In this assignment, you'll apply your knowledge of estimating the market risk of a stock by working with some real world data.
Estimating The Market Risk of a Stock II - Applied [Assignment]
4 questions
Estimating Firm Specific Risk
01:26
+ Measuring Portfolio Returns and Risk
5 lectures 01:02:15
IMPORTANT: Changes to Keyboard Shortcuts
00:19

Learn how to calculate portfolio returns from scratch, starting with a simple 2 asset case and then moving on to the multi-asset case. And of course, you'll see precisely why the equation works the way it does.

Estimating Portfolio Returns
18:19
Estimating Portfolio Returns [Quiz]
10 questions

Analysing our de-facto equation for risk - the standard deviation - will result in seeing something incredibly interesting indeed. You'll see exactly how (and why) the risk of a portfolio is impacted by 3 factors.

Estimating Portfolio Risk I (2 Assets)
16:50
Estimating Portfolio Risk I (2 Assets) [Quiz]
5 questions

As with the 2 asset case, the risk of a multi-asset portfolio is impacted by 3 factors. Solving for the equation algebraically however, is inefficient. See how we optimise and use matrix math to make our lives easier.

Estimating Portfolio Risk II (Multiple Assets)
11:43
Estimating Portfolio Risk II (Multiple Assets) [Quiz]
5 questions

Explore real world applications of the estimation of portfolio risk, as we walk you through calculating the risk of a 10 asset portfolio using data from Google Sheets, working on Excel.

Estimating Portfolio Risk II (Multiple Assets) - Applied
15:04
The objective of this assignment is to help you get master risk computations in k asset portfolios.
Estimating Portfolio Risk [Assignment]
2 questions
+ Mastery Check & Setup for the Next Phase
4 lectures 07:46

You've come a long way so far! It's time for a bit of a breather, and time to reflect. Keep an eye out for a hint we may or may not give you during this video!

Take a breather!
04:07
Insights by Fervent [Special Feature]
01:24
Test Guidelines [READ BEFORE YOU START THE TEST]
01:26

This test is designed to help you test your knowledge and skills in the context of the concepts we've covered so far.

After this test, we'll be exploring some relatively more advanced and complex concepts. That is why it's important for you to take this test, and do well in it.

Please ensure you've read the 'Test Guidelines' before you take the test.

You'll need to score 50% to pass the test, and can consider yourself to be of Distinction Level if you score 80% or more.

A Test Towards Mastery
30 questions
Installing Solver
00:48
+ Exploring The Effects of Diversification & Optimisation
6 lectures 01:30:17
Reducing Portfolio Risk by Diversification
15:49
Reducing Portfolio Risk by Diversification [Quiz]
5 questions
Optimal Diversification - Number of Securities to Hold
11:51
Optimal Diversification - Number of Securities to Hold [Quiz]
5 questions

Explore how you can optimise your portfolio weights to achieve a target expected return.

Optimising Weights To Achieve A Target Return I
16:40
Optimising Portfolio Weights to Achieve a Target Return I [Quiz]
5 questions

Build on your knowledge and apply Excel's® Solver tool to optimise weights of a multi-asset portfolio to achieve a target expected return.

Optimising Weights To Achieve A Target Return II - Applied
10:55
Optimising Weights To Achieve A Target Return II - Applied [Quiz]
5 questions

Discover how you can not only control - but actually minimise your portfolio risk, from scratch.

Minimising Portfolio Risk - 2 Assets
20:14
Minimising Portfolio Risk - 2 Assets [Quiz]
5 questions

Work with real world data while you learn how to minimise the risk of a multi-asset portfolio!

Minimising Portfolio Risk - Multiple Assets, Applied
14:48
Minimising Portfolio Risk - Multiple Assets [Quiz]
5 questions
Please note: Assignment 6 (Estimating Portfolio Risk) is a pre-requisite to this assignment. This assignment gives you the opportunity to apply your knowledge to optimise your portfolio weights to achieve a specific objective.
Optimising Portfolio Weights [Assignment]
4 questions
+ BONUS: Continue Your Journey On Mastering Finance
3 lectures 15:57
Interesting Questions Asked (IQAs)
14:13
What would you like to learn next?
00:41
Bonus: Explore Our Other Courses
01:03