Portfolio Management Quize1

For Parkview’s literacy program to grow, students need to reflective on their own learning. Student writing portfolios are a strategy that could help develop metacognitive reading and writing strategies, as well as help them build reading and writing connections. School wide writing has been an area that the school faculty has identified as an area of improvement for standardized tests and common quarterly assessments.

From the the beginning of the year, and my last portfolio assignment, I have improved in many places that have to do with my writing skills. Throughout the year I have been assigned multiple things that have really challenged me to become a much stronger writer. One major thing that really helped me with my writing abilities has been vocabulary and grammar tuesdays because Mr. Perry truly made it a priority to impact us with bettering our skills. There are so many factors that have gone into becoming a more successful writer; however I will continue to make the appropriate adjustments to my future pieces to achieve the best of my intelligence of writing.

The theme of my portfolio is “The Little Writer That Could.” This, of course, is a parody of “The Little Engine That Could.” I chose this theme because of my history as a writer. Up until this year, I have never been confident in myself as a writer. I have always had to constantly tell myself that I would be okay and that I would get better as time went on. I remained at an adequate writing level until recently. I feel so much more confident in myself as a writer now. The theme of that book was that the little engine overcame his problem and fear of not being able to make it over the hill. I view my inability to write as my hill and I am now on my way to the top of it. The fonts I used to make the title are ones I found on the internet. I tried

จากกรณีศึกษา John ต้องทำการตัดสินใจว่า ในพอร์ตการลงทุนที่เขาบริหารจัดการอยู่นั้น ควรซื้อหุ้น PioneerGypsumหรือGlobal Miningในสัดส่วนเท่าไหร่ จึงจะสามารถได้ผลตอบแทนที่สูงบนพื้นฐานความเสี่ยงที่เหมาะสม ซึ่งแต่เดิม John ไม่ได้ทำการกระจายการลงทุน (Diversified) โดยทำการวิเคราะห์จากการคำนวณหา Expected Return, Risk Premium และคำนวณ Standard Deviationเพื่อนำไปคำนวณหา Sharpe Ratio ที่มีอัตราส่วนที่สูงที่สุด ซึ่งอธิบายถึงผลตอบแทนที่ถูกปรับด้วยความเสี่ยง ที่ดีที่สุด

In developing a plan to maximize shareholder wealth, Delta Airlines, Inc. wants to invest the

It’s actually a very simple quantitative stock ranking scheme. It uses return on capital and earnings yield as inputs. Return on capital is the metric that shows whether a business is a good one or not. Earnings yield is the metric that shows whether a company is cheap or not. Greenblatt suggests using these measures to identify good but cheap businesses, and buy them. That’s the secret behind the ‘magic formula’. In “The Little Book That Beats The Market,” Greenblatt calculated hypothetical returns for the 1988-2004 period. The magic formula returned an average 30.8% per year, while the market return was 12.3% and the S&P 500 returned an average 12.4%. So this formula beats the market by 18% per year.

This summary addresses the project selections criteria and high-level process for managing this Tampa, Florida--based company’s proposed Strategic Business Units (SBUs). The most current report indicates this company’s current revenue to be $350 million annually, but the Operations SBU recognizes that more must be done to expand while controlling costs if this company is going to continue to grow. Currently, the company has several projects in the works, but the Operations SBU has recognized the need to establish a solid, company-wide portfolio management process if we are to meet and exceed the company’s vision; to become the cruise ship industry’s worldwide “provider of choice”.

2. Identify two advantages of a private placement of shares as compared with a public issue. (1 mark)

• To control for this, partition the portfolio into two blocks: “Block ND” is Buy

This argument is flawed. In order to know performances of both strategies, both the shift direction and shift size should taken into consideration. First, it is not appropriate to conclude that one strategy can outperform another strategy in the category of active portfolios management strategies even though under the condition that there is a steeping of the yield curve. Performances of different strategies are various, different, even though under one same condition, since the detailed information of each strategy is unknown. Theoretically, performances of two strategies depends on the detailed shift situations (trend and size) of the yield curve. Second, the core method of the barbell strategy is focusing on the exceeding situations. To be more specific, the barbell strategy concerns securities with the longest and the shortest maturities. Meanwhile, the main approach of the ladder strategy is to build a portfolio including securities with approximately equivalent maturities. Third, however, under some situations, ladder strategy will outperform the barbell strategy. To be more precise, once the maturities of these two strategies are same, and if the yield curve will experience a negative steepening trend, the discount rate of the ladder strategy will be lower. Consequently, as the denominator of the ladder strategy is smaller than that of the barbell strategy, the ladder strategy will beat the other one. Fourth, on the other hand, if the maturities of these two

of money can be made from the sale of shares to the public and because

delegated portfolio management as a principal–agent relationship. The main focus of the paper is to review the analytical issues raised by the peculiar nature of the delegated portfolio management relationship within the broader class of principal– agent models. In particular, the paper discusses the performance of linear versus nonlinear compensation contracts in a single-period setting, the possible effects of limited liability of portfolio managers, the role of reputational concerns in a multiperiod framework, and the incentives to noise trading. In

delegated portfolio management as a principal–agent relationship. The main focus of the paper is to review the analytical issues raised by the peculiar nature of the delegated portfolio management relationship within the broader class of principal– agent models. In particular, the paper discusses the performance of linear versus nonlinear compensation contracts in a single-period setting, the possible effects of limited liability of portfolio managers, the role of reputational concerns in a multiperiod framework, and the incentives to noise trading.

Under certain conditions, however, the possibility of unexpected concentration among some industries may exist, especially in the period of irrational exuberance and overestimated valuations. In the 1990s, for example, the upsurge in investing in technology companies resulted in a market bubble. The technology firms concentrated extremely high on the stock index. Accordingly, investors were putting at a high risk for the reason that these overvalued companies were given ownership which was out of proportion by the stocks bought by passive market funds. The aim of passive funds is not to outperform the market or the index, but to follow the tracks of them. As a result, the performance of the index will always be lower than the fund

b) To provide investors a framework and techniques for selecting various instruments available or a portfolio that best meets the overall objectives and constraints of an investor.