Scientific Investment Analysis

Scientific Investment Analysis

Scientific Investment Analysis

Scientific Investment Analysis

Synopsis

A state-of-the art treatment offering scientific procedures that require no special scientific expertise, Murphy's unusual new book provides a unified framework for the evaluation of investment assets and strategies--a particularly useful way to conduct security analysis, portfolio management, and trading, and for other general investment applications. Murphy covers practical methods for credit analysis and demonstrates ways to value equities using a pro forma model that integrates forecasting with the detailed use of financial statements and footnotes. He also explains international portfolio management within the context of a changed trading, tax, and regulatory environment. This is an important resource for investment analysts, researchers, advisers, and brokers, and an excellent text for students in certain advanced university courses.

Excerpt

This book provides a comprehensive analysis of investments. Although all the material is soundly grounded in scientific theory, the book strongly emphasizes applied methods for evaluating investments. As a result, this book is very useful for investment professionals as a reference book. It can also be utilized as a review guide for analysts seeking to update or refresh their skills. In addition, it can serve as an excellent supplement to existing texts for upper-level undergraduate and graduate investment courses. Moreover, for the very best students, the book is an excellent stand-alone investments text for undergraduate and graduate courses at all levels.

Software is available for purchase, so that readers/students may apply the stateof-the-art investment analysis learned from the book to value a wide variety of complex securities (such as callable bonds, CMOs, convertibles, equities, real estate investments, and options) and to construct an entire portfolio that evaluates and maximizes the probability of meeting investors' cash flow needs. With the software comes a User's Guide that includes documentation for the software, an introduction for beginning students), supporting financial statements and data, many practice problems for each chapter (over 300 problems total, including many CFA test questions and case problems), and a very detailed and useful glossary (about 50 pages long). The software and accompanying User's Guide may be purchased from Eavcom Computers (5314 Deland Road, Flushing, MI 48433; 810-659-3895). An Instructor's Manual (including about 100 very challenging multiple-choice questions, as well as numerous short-answer and case problems) is also available for professors who adopt the software for their classes. More information on the software package is available at http://www.scianalysis.com, or one can contact . . .

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