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LM01 Alternative Investment Features, Methods, and Structures
LM01 Categories, Characteristics, and Compensation Structures of Alternative Investments
LM01 Corporate Structures and Ownership
LM01 Derivative Instrument and Derivative Market Features
LM01 Derivative Instrument and Derivative Market Features
LM01 Ethics and Trust in the Investment Profession
LM01 Ethics and Trust in the Investment Profession
LM01 Fixed-Income Instrument Features
LM01 Fixed-Income Securities: Defining Elements
LM01 Introduction to Financial Statement Analysis
LM01 Introduction to Financial Statement Analysis
LM01 Market Organization & Structure
LM01 Market Organization and Structure
LM01 Organizational Forms, Corporate Issuer Features, and Ownership
LM01 Portfolio Management Overview
LM01 Portfolio Management: An Overview
LM01 Rates and Returns
LM01 The Firm & Market Structures
LM01 Time Value of Money
LM01 Topics in Demand and Supply Analysis
LM02 Alternative Investment Performance and Returns
LM02 Analyzing Income Statements
LM02 Code of Ethics and Standards of Professional Conduct
LM02 Code of Ethics and Standards of Professional Conduct Profession
LM02 Financial Reporting Standards
LM02 Fixed Income Markets - Issuance Trading and Funding
LM02 Fixed-Income Cash Flows and Types
LM02 Forward Commitment and Contingent Claim Features and Instruments
LM02 Forward Commitment and Contingent Claim Features and Instruments
LM02 Introduction to Corporate Governance and Other ESG Considerations
LM02 Investors and Other Stakeholders
LM02 Organizing, Visualizing, and Describing Data
LM02 Performance Calculation and Appraisal of Alternative Investments
LM02 Portfolio Risk & Return: Part I
LM02 Portfolio Risk and Return Part I
LM02 Security Market Indexes
LM02 Security Market Indexes
LM02 The Firm and Market Structures
LM02 Time Value of Money in Finance
LM02 Understanding Business Cycles
LM03 Aggregate Output, Prices and Economic Growth
LM03 Analyzing Balance Sheets
LM03 Business Models & Risks
LM03 Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits
LM03 Derivative Benefits, Risks, and Issuer and Investor Uses
LM03 Derivative Benefits, Risks, and Issuer and Investor Uses
LM03 Fiscal Policy
LM03 Fixed-Income Issuance and Trading
LM03 Guidance for Standards I-VII
LM03 Guidance for Standards I–VII
LM03 Introduction to Fixed Income Valuation
LM03 Investments in Private Capital: Equity and Debt
LM03 Market Efficiency
LM03 Market Efficiency
LM03 Portfolio Risk & Return: Part II
LM03 Portfolio Risk and Return Part II
LM03 Private Capital, Real Estate, Infrastructure, Natural Resources, and Hedge Funds
LM03 Probability Concepts
LM03 Statistical Measures of Asset Returns
LM03 Understanding Income Statements
LM04 An Introduction to Asset-Backed Securities
LM04 Analyzing Statements of Cash Flows I
LM04 Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
LM04 Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
LM04 Basics of Portfolio Planning & Construction
LM04 Basics of Portfolio Planning and Construction
LM04 Capital Investments
LM04 Common Probability Distributions
LM04 Fixed-Income Markets for Corporate Issuers
LM04 Introduction to the Global Investment Performance Standards (GIPS)
LM04 Introduction to the Global Investment Performance Standards (GIPS)
LM04 Monetary Policy
LM04 Overview of Equity Securities
LM04 Overview of Equity Securities
LM04 Probability Trees and Conditional Expectations
LM04 Real Estate and Infrastructure
LM04 Understanding Balance Sheets
LM04 Understanding Business Cycles
LM04 Working Capital and Liquidity.
LM05 Analyzing Statements of Cash Flows II
LM05 Capital Investments and Capital Allocation
LM05 Company Analysis: Past and Present
LM05 Fixed-Income Markets for Government Issuers
LM05 Introduction to Geopolitics
LM05 Introduction to Industry and Company Analysis
LM05 Monetary and Fiscal Policy
LM05 Natural Resources
LM05 Portfolio Mathematics
LM05 Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities
LM05 Pricing and Valuation of Forward Contracts.
LM05 Sampling and Estimation
LM05 The Behavioral Biases of Individuals
LM05 The Behavioral Biases of Individuals
LM05 Understanding Cash Flow Statements
LM05 Understanding Fixed-Income Risk and Return
LM05 Working Capital & Liquidity
LM06 Analysis of Inventories
LM06 Capital Structure
LM06 Cost of Capital-Foundational Topics
LM06 Equity Valuation: Concepts and Basic Tools
LM06 Financial Analysis Techniques
LM06 Fixed-Income Bond Valuation: Prices and Yields
LM06 Fundamentals of Credit Analysis
LM06 Hedge Funds
LM06 Hypothesis Testing
LM06 Industry and Competitive Analysis
LM06 International Trade
LM06 Introduction to Geopolitics
LM06 Introduction to Risk Management
LM06 Introduction to Risk Management
LM06 Pricing and Valuation of Futures Contracts
LM06 Pricing and Valuation of Futures Contracts
LM06 Simulation Methods
LM07 Analysis of Long-Term Assets
LM07 Business Models
LM07 Capital Flows and the FX Market
LM07 Capital Structure
LM07 Company Analysis: Forecasting
LM07 Estimation and Inference
LM07 International Trade and Capital Flows
LM07 Introduction to Digital Assets
LM07 Introduction to Linear Regression
LM07 Inventories
LM07 Pricing and Valuation of Interest Rate and Other Swaps
LM07 Pricing and Valuation of Interest Rates and Other Swaps
LM07 Technical Analysis
LM07 Yield and Yield Spread Measures for Fixed-Rate Bonds.
LM08 Currency Exchange Rates
LM08 Equity Valuation: Concepts and Basic Tools
LM08 Exchange Rate Calculations
LM08 Fintech in Investment Management
LM08 Hypothesis Testing
LM08 Long Lived Assets
LM08 Measures of Leverage
LM08 Pricing and Valuation of Options
LM08 Pricing and Valuation of Options
LM08 Topics in Long-Term Liabilities and Equity
LM08 Yield and Yield Spread Measures for Floating-Rate Instruments
LM09 Analysis of Income Taxes
LM09 Income Taxes
LM09 Option Replication Using Put-Call Parity
LM09 Option Replication Using Put–Call Parity
LM09 Parametric and Non-Parametric Tests of Independence
LM09 The Term Structure of Interest Rates: Spot, Par, and Forward Curves
LM10 Financial Reporting Quality
LM10 Interest Rate Risk and Return
LM10 Non-current (Long-Term) Liabilities
LM10 Simple Linear Regression
LM10 Valuing a Derivative Using a One-Period Binomial Model
LM10 Valuing a Derivative Using a One-Period Binomial Model
LM11 Financial Analysis Techniques
LM11 Financial Reporting Quality
LM11 Introduction to Big Data Techniques
LM11 Yield-Based Bond Duration Measures and Properties
LM12 Applications of Financial Statement Analysis
LM12 Introduction to Financial Statement Modeling
LM12 Yield-Based Bond Convexity and Portfolio Properties
LM13 Curve-Based and Empirical Fixed-Income Risk Measures
LM14 Credit Risk
LM15 Credit Analysis for Government Issuers
LM16 Credit Analysis for Corporate Issuers
LM17 Fixed-Income Securitization
LM18 Asset-Backed Security (ABS) Instrument and Market Features
LM19 Mortgage-Backed Security (MBS) Instrument and Market Features
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Level I
Level II, III
101 Concepts for the Level I Exam
Concept 72: Weak-Form, Semi-Strong-Form, and Strong-Form Market Efficiency
Forms of Market Efficiency
Past Market Data
Public Information
Private Information
Weak form
Yes
No
No
Semi-strong form
Yes
Yes
No
Strong form
Yes
Yes
Yes
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Recent Posts
Introduction
Concept 1: Calculating PV and FV of Different Cash Flows
Concept 2: Net Present Value (NPV) & Internal Rate of Return (IRR)
Concept 3: Money-Weighted & Time Weighted Rate of Return
Concept 4: Yield Measures for Money Market Instruments
Concept 5: Measures of Central Tendency
Concept 6: Quartiles, Quintiles, Deciles, & Percentiles
Concept 7: Measures of Dispersion
Concept 8: Symmetry and Skewness in Return Distributions
Concept 9: Covariance & Correlation
Concept 10: Safety First Ratio
Concept 11: Central Limit Theorem
Concept 12: Calculating Confidence Intervals
Concept 13: Selection of Sample Size & Sampling Biases
Concept 14: Steps of Hypothesis Testing
Concept 15: Hypothesis Tests Concerning a Single Mean
Concept 16: Common Chart Patterns
Concept 17: Price, Income and Cross-Price Elasticities of Demand
Concept 18: Substitution and Income Effects
Concept 19: Economies and Diseconomies of Scale
Concept 20: Perfect Competition, Monopolistic Competition, Oligopoly & Monopoly
Concept 21: Concentration Measures
Concept 22: Gross Domestic Product (GDP)
Concept 23: Aggregate Supply Curve
Concept 24: Business Cycle
Concept 25: Theories of The Business Cycle
Concept 26: Unemployment
Concept 27: Inflation, Hyperinflation, Disinflation & Deflation
Concept 28: Inflation Measures
Concept 29: Monetary v/s Fiscal Policy
Concept 30: Roles and Objectives of Central Banks
Concept 31: Tools Used to Implement Monetary Policy
Concept 32: Roles and Objectives of Fiscal Policy
Concept 33: Fiscal Policy Tools
Concept 34: Types of Trading Blocs and Regional Trading Agreements
Concept 35: Currency Cross-Rates
Concept 36: Exchange Rate Regimes
Concept 37: Role of Financial Statements
Concept 38: Financial Statement Analysis Framework
Concept 39: Accounting Equation - Basic and Expanded Forms
Concept 40: Accruals and Valuation Adjustments
Concept 41: International Accounting Standards Board’s (IASB) Conceptual Framework
Concept 42: Revenue Recognition
Concept 43: Expense Recognition
Concept 44: Non-Recurring Items & Changes in Accounting Policies
Concept 45: Earnings Per Share (EPS)
Concept 46: Measurement Bases for Different Types of Assets and Liabilities
Concept 47: Components of Shareholders’ Equity
Concept 48: Liquidity and Solvency Ratios
Concept 49: Steps in the Preparation of Direct and Indirect Cash Flow Statements
Concept 50: DuPont Analysis
Concept 51: Inventory Valuation Methods
Concept 52: LIFO Reserve and LIFO Liquidation
Concept 53: Depreciation Methods
Concept 54: Finance and Operating Leases
Concept 55: Deferred Tax Liabilities and Assets
Concept 56: Effective Interest Rate Method and Amortization of Bond Discounts/Premiums
Concept 57: Leverage and Coverage Ratios
Concept 58: Company’s Board of Directors & Committees
Concept 59: Basic Principles of Capital Budgeting
Concept 60: NPV Profile
Concept 61: Weighted Average Cost of Capital (WACC)
Concept 62: Beta of a Project
Concept 63: Calculating Degree of Operating Leverage, Financial Leverage, and Total Leverage
Concept 64: Pooled Investment Products
Concept 65: Minimum-Variance and Efficient Frontiers
Concept 66: Applications of the CAPM and the SML
Concept 67: Principles of Portfolio Construction
Concept 68: Types of Securities
Concept 69: Types of Financial Intermediaries
Concept 70: Execution, Validity and Clearing Instructions
Concept 71: Different Weighting Methods used in Index Construction
Concept 72: Weak-Form, Semi-Strong-Form, and Strong-Form Market Efficiency
Concept 73: Types of Equity Securities
Concept 74: Peer Groups
Concept 75: Industry Life-Cycle Model
Concept 76: Dividend Discount and Free-Cash-Flow-to-Equity Models
Concept 77: Gordon (Constant) Growth Model and Multistage Dividend Discount Models
Concept 78: Basic Features of a Fixed-Income Security
Concept 79: Cash Flows of Fixed-Income Securities
Concept 80: Mechanisms Available for Issuing Bonds in Primary Markets
Concept 81: Repurchase Agreements (Repos)
Concept 82: Relationships among a Bond’s Price, Coupon Rate, Maturity, and Market Discount Rate (Yield-to-Maturity)
Concept 83: Credit Tranching and Time Tranching
Concept 84: Sources of Return From Investing in a Fixed-Rate Bond
Concept 85: Macaulay, Modified, and Effective Ddurations
Concept 86: Four Cs (Capacity, Collateral, Covenants, and Character) of Traditional Credit Analysis
Concept 87: Factors that Influence the Level and Volatility of Yield Spreads
Concept 88: Forward Contracts, Futures Contracts, Options (Calls and Puts), Swaps, and Credit Derivatives
Concept 89: Purposes of and Controversies Related to Derivative Markets
Concept 90: Use of Arbitrage, Replication, and Risk Neutrality in Pricing Derivatives
Concept 91: Difference in Forward and Futures Prices
Concept 92: Exercise Value, Time Value, and Moneyness of an Option
Concept 93: Factors that Determine the Value of an Option
Concept 94: Put–Call Parity for European Options
Concept 95: Alternative Investments v/s Traditional Investments
Concept 96: Types of Alternative Investments
Concept 97: Hedge Fund Fees
Concept 98: Framework for Ethical Decision Making
Concept 99: Ethical Responsibilities Required by the Code and Standards
Concept 100: Overview of GIPS
Concept 101: Construction and Purpose of Composites
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