Modern Portfolio Theory
By:Jack Clark Francis,Dongcheol Kim
Published on 2013-01-18 by John Wiley & Sons
A through guide covering Modern Portfolio Theory as well as therecent developments surrounding it Modern portfolio theory (MPT), which originated with HarryMarkowitz's seminal paper |Portfolio Selection| in 1952, has stoodthe test of time and continues to be the intellectual foundationfor real-world portfolio management. This book presents acomprehensive picture of MPT in a manner that can be effectivelyused by financial practitioners and understood by students. Modern Portfolio Theory provides a summary of theimportant findings from all of the financial research done sinceMPT was created and presents all the MPT formulas and models usingone consistent set of mathematical symbols. Opening with aninformative introduction to the concepts of probability and utilitytheory, it quickly moves on to discuss Markowitz's seminal work onthe topic with a thorough explanation of the underlyingmathematics. Analyzes portfolios of all sizes and types, shows how theadvanced findings and formulas are derived, and offers a conciseand comprehensive review of MPT literature Addresses logical extensions to Markowitz's work, including theCapital Asset Pricing Model, Arbitrage Pricing Theory, portfolioranking models, and performance attribution Considers stock market developments like decimalization, highfrequency trading, and algorithmic trading, and reveals how theyalign with MPT Companion Website contains Excel spreadsheets that allow you tocompute and graph Markowitz efficient frontiers with riskless andrisky assets If you want to gain a complete understanding of modern portfoliotheory this is the book you need to read.
This Book was ranked at 9 by Google Books for keyword markets and efficiency.
Book ID of Modern Portfolio Theory's Books is NdK0wAkiPg0C, Book which was written byJack Clark Francis,Dongcheol Kimhave ETAG "pJSdvRv1s5M"
Book which was published by John Wiley & Sons since 2013-01-18 have ISBNs, ISBN 13 Code is 9781118417201 and ISBN 10 Code is 1118417208
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Book which have "576 Pages" is Printed at BOOK under CategoryBusiness and Economics
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