Understanding Equity Valuation and Market Cycles
About the Course
‘Stock picking is more of an art than science’. Even if I am convinced of investing in equity, what to buy and when to buy are the complex questions I need to deal with. There are large number of qualitative factors that I need to understand before I rely on quantitative factors.
Course Content
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The fundamental analysis has been recognized as the base for stock valuation. Performance of a stock depends upon the performance of the underlying company.
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What should one look at while analyzing a company? Topline, bottom-line or both? What are the other important parameters to judge the performance of company? Margins, ROCE?
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What is EPS? P/E ratios?
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How do you judge the quality of management and other non-financial factors?
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Markets move in cycles. The question of ‘when’ to buy is as important as ‘what’ to buy.
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Understanding long-term market cycles; trendline, support and resistance. How do you make your investment decisions through cycles of troughs and peaks?