Syllabus Of ERM-

  1. Introduction to Equity Research
    • Overview of equity markets
    • Role of equity research in financial markets
    • Regulatory environment
  2. Financial Statement Analysis
    • Understanding financial statements (balance sheet, income statement, cash flow statement)
    • Ratio analysis
    • Common-size analysis
    • Trend analysis
  3. Valuation Methods
    • Discounted Cash Flow (DCF) analysis
    • Comparable company analysis (comps)
    • Precedent transaction analysis
    • Earnings multiples (P/E, PEG)
    • Dividend discount model (DDM)
  4. Industry Analysis
    • Industry life cycle
    • Porter’s Five Forces analysis
    • SWOT analysis
    • Key performance indicators (KPIs) for industries
  5. Company Analysis
    • Business model analysis
    • Competitive advantage assessment
    • Management quality and corporate governance
    • Financial modeling
  6. Equity Research Reports
    • Structure and components of research reports
    • Writing and presentation skills
    • Ethical considerations in research
  7. Financial Markets and Instruments
    • Understanding stock exchanges
    • Types of equity securities (common stock, preferred stock)
    • Derivative instruments (options, futures)
    • Exchange-traded funds (ETFs)
  8. Portfolio Management
    • Portfolio construction and diversification
    • Risk assessment and management
    • Portfolio performance evaluation
    • Asset allocation strategies
  9. Economic Analysis
    • Macroeconomic indicators (GDP, inflation, interest rates)
    • Impact of economic factors on equity markets
    • Economic forecasting
  10. Quantitative Analysis
    • Statistical methods in equity research
    • Use of software tools for data analysis
    • Regression analysis
  11. Emerging Trends and Technologies
    • Fintech innovations in equity research
    • Big data and artificial intelligence in analysis
    • Blockchain and cryptocurrencies
  12. Case Studies and Practical Applications
    • Real-world cases in equity research
    • Hands-on valuation and analysis exercises
    • Investment simulation games
  13. Ethical and Regulatory Considerations
    • Insider trading and market manipulation
    • Compliance with industry regulations (e.g., SEC regulations in the United States)
    • Code of ethics for equity research professionals
  14. Guest Lectures and Industry Insights
    • Inviting industry experts and practitioners for insights
    • Networking opportunities with professionals in the field