| Audience: | All Levels |
| Duration: | 4 hours |
| Location: | Miami Business School, University of Miami |
Investment performance evaluation plays an important part in portfolio management. This module details how performance should be measured and evaluated against proper benchmarks. We analyze the concept of a benchmark and discuss the features a benchmark should carry. Based on an appropriate benchmark, we evaluate portfolio performance attribution and conduct performance appraisal. Additionally, we statistically analyze whether the performance of an investor is due to skill or to luck.
The module specifically addresses the following elements:These questions are answered by performance measurement, performance attribution, and performance appraisal, respectively. In addition, the module covers five risk-adjusted performance measures commonly used in Wall-Street asset managers.
The module can benefit sophisticated savvy investors who not only at least partly make their own investment decisions, but also would like to understand their investment outcome relative to proper market benchmarks. The training allows investors to easily identify their strengths and weaknesses in their individual stock and sector selections in their investment strategies.
