投资回报率与财务报表(英文版)(30页)详解：.pptVIP

Investment Returns, Equity Value, and Financial Statements Chapter 3 Investment Returns Investment Returns What you will learn in this chapter How investment returns are calculated The difference between normal and abnormal returns What an efficient market price means What an arbitrage opportunity is The difference between active and passive investment The difference between an alpha and a beta How asset pricing models work (in outline) How screening strategies work (and don’t work) What a contrarian strategy is How fundamental analysis differs from screening and contrarian analysis