In this course, you will learn about latest investment strategies and performance evaluation. You will start by learning portfolio performance measures and discuss best practices in portfolio performance evaluation. You will explore different evaluation techniques such as style analysis and attribution analysis and apply them to evaluate different investment strategies. Special emphasis will be given to recent financial market innovations and current investment trends.
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Investment and Portfolio Management SpecializationRice UniversityAbout this Course
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Course 4 of 5 in the
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Approx. 15 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish
Learner Career Outcomes
50%
started a new career after completing these courses
50%
got a tangible career benefit from this course
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 4 of 5 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Approx. 15 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish
Offered by
Rice University
Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy.
Syllabus - What you will learn from this course
4 hours to complete
Performance measurement and benchmarking
In this module, we focus on the central problem of performance measurement: how do you assess the increase in your wealth over a given period and evaluate the risk that was involved? In this module, you will learn how to calculate different return and risk measures and how you use these measures to evaluate a portfolio’s performance relative to a benchmark.
4 hours to complete
9 videos (Total 66 min), 7 readings, 3 quizzes
9 videos
Brief review of measuring returns12m
Measuring dollar-weighted vs. time-weighted returns5m
Computing excess returns over a benchmark11m
Compounding excess returns: Geometric mean excess return8m
Basic measures of risk8m
Measuring bad variation7m
Tracking error and residual risk6m
Summary1m
7 readings
Grading Policy10m
How to use discussion forums10m
Pre-Course Survey10m
Lecture handouts: Comparing two portfolio returns10m
Comparing two portfolio returns- Quiz Solutions10m
Lecture handouts: Revisiting measures of risk10m
Revisiting measures of risk- Quiz Solutions10m
2 practice exercises
Comparing two portfolio returns30m
Revisiting measures of risk30m
5 hours to complete
Active vs. passive investing: Risk-adjusted return measures
In this module, we focus on constructing return-to-risk measures in order to compare investments in terms of their desirability. You are going to learn several different ways to calculate risk-adjusted return measures for an actively managed fund and understand how these measures differ from each other.
5 hours to complete
9 videos (Total 47 min), 8 readings, 2 quizzes
9 videos
Sharpe ratio - Introduction to general notion4m
Constructing the Sharpe ratio6m
Sortino ratio3m
Treynor’s measure2m
Jensen’s alpha13m
Appraisal ratio and information ratio5m
Comparing the risk-adjusted measures6m
Summary1m
8 readings
Accompanying spreadsheet for "Jensen's alpha"10m
Accompanying spreadsheet for "Appraisal ratio and information ratio"10m
“The Sharpe ratio”, by William F. Sharpe10m
The Sharpe ratio and the information ratio10m
Lecture handouts: Risk-adjusted return measures10m
Instructions for practice quiz10m
Solutions10m
Active vs. passive investing: Risk-adjusted return measures - Quiz Solutions10m
2 practice exercises
Risk-adjusted return measures1h
Active vs. passive investing: Risk-adjusted return measures1h 30m
6 hours to complete
Performance evaluation: Style analysis and performance attribution
In this module, you are going to learn to use two analytical tools that are widely used in practice to evaluate what the portfolio performance can be attributed to.
6 hours to complete
7 videos (Total 40 min), 9 readings, 3 quizzes
7 videos
Style analysis7m
Style Analysis - Part II4m
Style analysis: How does it work?7m
Performance attribution7m
Performance attribution: Numerical illustration7m
Summary2m
9 readings
Lecture handouts: Style Analysis10m
Style Analysis: Accompanying Excel spreadsheet10m
Asset allocation: Management style and performance measurement10m
Style Analysis - Quiz solutions10m
Lecture handouts: Performance attribution10m
Total Portfolio Performance Attribution Methodology10m
Performance attribution - Quiz Solutions10m
Performance evaluation: Style analysis and performance attribution- Quiz Solutions10m
End-Of-Course Survey10m
3 practice exercises
Style Analysis1h
Performance attribution1h
Performance evaluation: Style analysis and performance attribution1h 30m
Reviews
TOP REVIEWS FROM INVESTMENT STRATEGIES AND PORTFOLIO ANALYSIS
by BCJul 30, 2017
A really good course that I would certainly recommend. The only thing that let it down was that some of the solutions to the final quiz were incorrect and led to some frustration on the forum!
by MEFeb 14, 2018
Excellent course, unfortunately ruined by the lack of support from mentoring or teaching staff. Also getting a peer review assigned is very difficult, probably due to shortage of students.
by VFDec 16, 2017
I think that this particular course could have a bit deeper dive into the topic, felt more like a general overview compared to previous courses in the specialization.
by FRAug 24, 2020
The techniques learned i this course can be applied in various investment settings. The excel workings really make things easy and applicable
About the Investment and Portfolio Management Specialization
In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing.
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