Written on 28 September 2011.
Equity valuation is a method of valuing stock prices using fundamental analysis to determine the worth of the business and discover investment opportunities.
In the book, these two renowned experts in the fields of investment management and economics discuss both fundamental and new techniques for valuation and strategies, providing in-depth insights and practical advice. They explain the process of equity valuation, provide the necessary mathematical background, and discuss classic and new portfolio strategies for investment managers. Divided into two comprehensive parts, the publication focuses on valuation and portfolio strategies related to equities.
Professor Frank J. Fabozzi co-authored 9 of the 21 chapters in the publication, of which two with fellow EDHEC faculty member Sergio Focardi, on the topics of:
Equity Analysis Using Traditional and Value-Based MetricsRelative Valuation Methods for Equity AnalysisSurvey Studies of the Use of Quantitative Equity Management (with Sergio Focardi)Implementable Quantitative Equity Research (with Sergio Focardi)Tracking Error and Common Stock Portfolio ManagementFactor-Based Equity Portfolio Construction and AnalysisCross-Sectional Factor-Based Models and Trading StrategiesModeling Market Impact CostsEquity Portfolio Selection in PracticeProfessor Fabozzi, PhD, CFA, CPA, one of the most respected figures in the academic community in finance worldwide and author and editor of over 100 reference textbooks in finance, joined EDHEC-Risk Institute in August 2011 where he is working on the development of EDHEC-Risk Institute North America with Professor Lionel Martellini, Scientific Director of EDHEC-Risk Institute. Professor Fabozzi will also supervise dissertations of candidates to the EDHEC-Risk Institute PhD in Finance, a programme open to finance practitioners.
He has been the editor of the Journal of Portfolio Management since 1986 and came to EDHEC from his position as Professor in the Practice of Finance and Becton Fellow at Yale University's School of Management. Prior to joining the Yale faculty in 1994, he was a Visiting Professor of Finance at the Sloan School of Management at MIT. Professor Fabozzi sits on the board of directors of the BlackRock family of closed-end funds. In November 2002, he was inducted into the Fixed Income Analysts Society Hall of Fame and in 2007 was the recipient of the C. Stewart Sheppard Award given by CFA Institute.