Об этом курсе

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Прибл. 13 часа на выполнение

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Субтитры: Английский

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Summary StatisticsFinancial ModelingDiversification (Finance)Investment

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Прибл. 13 часа на выполнение

Предполагаемая нагрузка: 4 hours/week...


Субтитры: Английский

Программа курса: что вы изучите

1 ч. на завершение

Getting Started

Welcome! This opening module was designed to give you an overview of the Business and Financial Modeling Capstone, in which you will be working with historical financial data to calculate individual returns and summary statistics on those returns. The project has multiple steps, which are outlined below in the "Project Prompt", and culminates in a recommendation for portfolio allocation that you will prepare a presentation on. You will draw on elements from all courses to complete this project, and you can use your final presentation as a work sample to improve your current job or even find a new one. Before moving on, complete the "Project Scope Quiz." The work you do this week enables you to understand the steps needed to successfully complete your final project....
3 материалов для самостоятельного изучения, 1 тест
3 материала для самостоятельного изучения
Project Description - Read me first!10мин
Project Prompt10мин
Historical Stock Data10мин
1 практическое упражнение
Project Scope Quiz10мин
3 ч. на завершение

Steps 1 and 2: Yahoo Finance

In this module, which correlates to Steps 1 and 2 in the Project Prompt, you'll be working with a historical data set to calculate performance data and to provide summary statistics on that data. These calculations will allow you to practice using Spreadsheets for financial calculations, and provides the foundational skills and numbers for the next steps of the project. First, you'll use the set to calculate daily returns on a set of securities. You'll then use your Spreadsheet skills to calculate summary statistics. You'll be given the opportunity to test your knowledge with a sample return to see if your calculations are correct. And you may want to refresh your recollection of the content from the Specialization with the lectures included here. The work you complete this week allows you to form the basis for comparing stock performance, which you will use in creating the investment portfolio for your final project as well as the comparison to the performance of a single stock....
6 видео ((всего 101 мин.)), 4 материалов для самостоятельного изучения, 2 тестов
6 видео
How Models are Used in Practice (Fundamentals of Quantitative Modeling)10мин
Mathematical Functions (Fundamentals of Quantitative Modeling)20мин
Navigating a Spreadsheet and Crafting Formulas (Introduction to Spreadsheets)19мин
How To Build an Optimization Model: Hudson Readers Ad Campaign (Modeling Risk and Realities)13мин
Data and Visualization: Graphical Representation (Modeling Risk and Realities)22мин
4 материала для самостоятельного изучения
More on Close Price versus Adjusted Close Price10мин
More on the Sharpe Ratio10мин
Sample Returns Spreadsheet (AAPL)10мин
PDFs of Refresher Video Slides10мин
2 практического упражнения
Daily Returns Quiz20мин
Summary Statistics Quiz20мин
3 ч. на завершение

Step 3: Creating an optimal risky portfolio on the efficient frontier

In this module, you'll go beyond calculating simple returns to tackle the more advanced task of finding the minimum variance and "optimal risk portfolio" weights for a portfolio of selected securities (note, the "optimal risky portfolio" is also known as an "optimal portfolio" or "tangent portfolio"). You'll follow the tasks in Step 3 in the Project Prompt and use the resources below to calculate the portfolio weights for two securities that results in the portfolio with the minimum variance; then, you'll calculate the "optimal risky portfolio" on the efficient frontier for these same two securities, then for all 10 stocks in the pool. You'll be quizzed on your calculations and other insights that emerge from this exercise. The work you complete this week gives you practice in creating an optimal risky portfolio, which is a key component of your final project. Note: There are a number of resources available on the internet providing step-by-step instructions on how to use Excel to create an "optimal risky portfolio" on the efficient frontier given a certain set of available assets. We encourage you to attempt to use the skills you gained during the Specialization to work through these steps independently; you are, however, permitted to utilize third-party resources if you find it necessary. We've included some lectures from the underlying Specialization courses concerning Solver, optimization, and other relevant topics. ...
7 видео ((всего 116 мин.)), 5 материалов для самостоятельного изучения, 1 тест
7 видео
Present and Future Value (Fundamentals of Quantitative Modeling)15мин
Optimization (Fundamentals of Quantitative Modeling)13мин
Linear Programming (incl. Solver) (Introduction to Spreadsheets)9мин
Optimizing with Solver, and Alternative Data Inputs (Modeling Risk and Realities)26мин
Adding Risk: Managing Investments at Epsilon Delta Capital (Modeling Risk and Realities)18мин
Using Scenarios for Optimizing Under High Uncertainty, Sensitivity Analysis and Efficient Frontier (Modeling Risk and Realities)15мин
5 материала для самостоятельного изучения
Videos Explaining the Efficient Frontier and Optimal Risky Portfolio10мин
More on Portfolio Variance10мин
More on the Efficient Frontier10мин
More on Short Selling10мин
PDFs of Refresher Video Slides10мин
1 практическое упражнение
The Minimum Variance and Optimal Risky Portfolio20мин
1 ч. на завершение

Step 4: Optional exercise using CAPM tables

The Capital Asset Pricing Model, or CAPM, is another tool used by investors to weigh the risks and rewards of potential investments. In this optional module covering Step 4 in the Project Prompt, you can use CAPM as a vehicle to further strengthen your financial modeling skills, including using regression concepts. You may revisit the Specialization lectures below touching on regression. To test whether you've grasped the concepts in the CAPM model, this module includes a short quiz. This assessment is formative, meaning your score will not count towards your final grade. The work you do this week may inform how you build the mixed asset portfolio of your final project, but it is not necessary to complete the final project....
3 видео ((всего 30 мин.)), 3 материалов для самостоятельного изучения, 1 тест
3 видео
Use of Regression Models (Fundamentals of Quantitative Modeling)15мин
Correlation and Regression (Introduction to Spreadsheets)7мин
3 материала для самостоятельного изучения
Video on the Capital Asset Pricing Model (CAPM)10мин
More on the Capital Asset Pricing Model10мин
PDFs of Refresher Video Slides10мин
1 практическое упражнение
Capital Asset Pricing Model10мин
3 ч. на завершение

Step 5: Creating Your Asset Allocation & Final Presentation

In this final module you are asked to move beyond a stock-only portfolio to one utilizing more diversified assets and to prepare a short presentation summarizing your findings. As explained in Step 5 of the Project Prompt, you have $5 million to invest in the Vanguard Total Bond Market Index Fund (ticker: VBTLX) and Vanguard 500 Index (ticker: VFIAX) investment vehicles. There are two assessments in this module. First, you'll complete a short quiz on the characteristics of your optimal risky portfolio. Then, in the peer review component of this Capstone, you are tasked with preparing a short presentation that (i) explores how your portfolio of mixed asset class of funds compares to a single security (AAPL) and (ii) uses that comparison to discuss the importance of portfolio diversification....
1 материал для самостоятельного изучения, 2 тестов
1 материал для самостоятельного изучения
VBTLX and VFIAX Monthly Returns10мин
1 практическое упражнение
Working with a Diversified Portfolio10мин
Рецензии: 47Chevron Right


начал новую карьеру, пройдя эти курсы


получил значимые преимущества в карьере благодаря этому курсу


стал больше зарабатывать или получил повышение

Лучшие рецензии

автор: AVNov 2nd 2017

Good course that helps understand different considerations to take into account when creating models. Well laid out Capstone project to help understand portfolio diversification and Optimal Portfolio.

автор: RTSep 26th 2016

Really a great set of courses to understand and apply models to many different scenarios. I was able to use the skills I learned right away in my profession. Would definitely recommend.



Richard Lambert

Professor of Accounting
Accounting- Wharton School

Robert W. Holthausen


Don Huesman

Managing Director, Wharton Online
Innovation Group- Wharton School

Richard Waterman

Professor of Statistics
Statistics-Wharton School

О Пенсильванский университет

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

О специализации ''Финансовое и бизнес-моделирование'

Wharton's Business and Financial Modeling Specialization is designed to help you make informed business and financial decisions. These foundational courses will introduce you to spreadsheet models, modeling techniques, and common applications for investment analysis, company valuation, forecasting, and more. When you complete the Specialization, you'll be ready to use your own data to describe realities, build scenarios, and predict performance....
Финансовое и бизнес-моделирование

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