Corporate Fin Mgt NDLM.PDF

This temporary realignment of portfolio beta and duration in response to changing market values or to our view of the market is ...

Change over to bonds or to money market instruments can change the duration of the portfolio and change our exposure to interes ...

must buy equities to bring the ratio up to 60%. The width of the band clearly determines the extent of trading that takes place. ...

At present, the technique of portfolio insurance is not, therefore, available to Indian investors who will, for some time to com ...

Type A Investor: No Market Timing and No Stock-picking Skills If the investor does not believe that he has any special skills in ...

Type C Investor: Only Market-timing Skills The type C investor holds a well-diversified portfolio but switches actively between ...

The second approach requires greater skill and effort, but it provides the route to higher returns. It allows the investor to ch ...

Material for Group D Evaluation of Portfolio Performance (Source: Book on Port Folio Management by Professors. S.K.Barua, V.Ragh ...

We can try to evaluate the performance of the portfolio as a whole during the period without examining the performance of indiv ...

difficulty is that risk is best defined at the portfolio level not at the security level. We know that a large part of the riski ...

Solution Rs. lakhs Portfolio Value as on 31.12.1991 28.50 Portfolio value as on 01.01.1991 25.00 Appreciation in value 3.50 Add ...

Treynor measures are quite similar in these respects; they, however, differ in their definition of risk. Treynor defines risk as ...

As stated earlier, Sharpe argued that the appropriate measure of risk is not the systematic risk (beta) but the total risk (stan ...

Example 3 Mr. P of Example 2 finds that the standard deviation of returns on his portfolio is 41.3% while that of the market as ...

Why do the Sharpe and Treynor measure give opposite results in the case of Mr. P? The reason is that P’s portfolio has a disprop ...

Example 4 From fig 1 and the data in Example 2 compute the Jensen measure of P’s performance. Solution In Fig. 1 we see that por ...

The Fama measure of net selectivity is then found by subtracting this return from the actual return on the portfolio: 70.60 – 74 ...

warranting a return of 12.00 + 32.95 = 44.95% marginally higher than the market’s 41.40. but the actual return earned by P of 70 ...

LEARNING UNIT - V PORTFOLIO MANAGEMENT [Reading Material] Administrative Training Institute Lalithamahal Road, Mysore - 570 011 ...

Learning Unit - 5 Reading Material Introduction : To a common man, there is little difference between investing in shares and ga ...