Fundamental analysis evaluates past and expected future performance of companies, industries, and the overall economy. It includes analysis of economic, industry, and company-specific factors. The analysis of these three levels constitutes the main activity in fundamental security analysis and investment decision making. Key factors analyzed include economic growth rates, inflation, interest rates, government spending, infrastructure, exchange rates, and seasonal impacts. The goal is to estimate future share prices and business performance.
noorulhadi Lecturer at Govt College of Management Sciences, noorulhadi99@yahoo.com
i have prepared these slides and still using in mylectures, Reference: Portfolio management by S kevin and onlin
noorulhadi Lecturer at Govt College of Management Sciences, noorulhadi99@yahoo.com
i have prepared these slides and still using in mylectures, Reference: Portfolio management by S kevin and onlin
evaluating a security in an attempt to measure its intrinsic value, by examining related economic, financial and other qualitative and quantitative factors. Fundamental analysts study anything that can affect the security's value, including macroeconomic factors such as the overall economy and industry conditions, and microeconomic factors such as financial conditions and company management. The end goal of fundamental analysis is to produce a quantitative value that an investor can compare with a security's current price, thus indicating whether the security is undervalued or overvalued
In this power point presentation i am discussing about the fundamental and technical analysis done by an investor before making investment in any company.
evaluating a security in an attempt to measure its intrinsic value, by examining related economic, financial and other qualitative and quantitative factors. Fundamental analysts study anything that can affect the security's value, including macroeconomic factors such as the overall economy and industry conditions, and microeconomic factors such as financial conditions and company management. The end goal of fundamental analysis is to produce a quantitative value that an investor can compare with a security's current price, thus indicating whether the security is undervalued or overvalued
In this power point presentation i am discussing about the fundamental and technical analysis done by an investor before making investment in any company.
Fundamental analysis is really a logical and systematic approach to estimating the future dividends and share price.
It is based on the basic premise that share price is determined by a number of fundamental factors relating to the economy, industry and company.
It is a detailed analysis of the fundamental factors affecting the performance of companies.
Each share is assumed to have an economic worth based on its present and future earning capacity. This is called its intrinsic value or fundamental value.
The purpose of fundamental analysis is to evaluate the present and future earning capacity of a share based on the economy, industry and company fundamentals.
The investor can compare the intrinsic value of the share with the prevailing market price to arrive at an investment decision.
If the market price of the share is lower than the its intrinsic value, the investor would decide to buy the share as it is underpriced.
The price of such a share is expected to move up in future to match with its intrinsic value
When the market price of a share is higher than its intrinsic value, it is perceived to be overpriced.
The market price of such share is expected to comedown in future.
The investor would decide to sell such a share
When the market price of a share is higher than its intrinsic value, it is perceived to be overpriced.
The market price of such share is expected to comedown in future.
The investor would decide to sell such a share
The fundamental analysis thus involves 3 steps:
Economic analysis
Industry analysis
Company analysis
The performance of a company depends on the performance of the economy.
If the economy grows rapidly, the industry can also be expected to show rapid growth and vice versa.
When the level of economic activity is low, stock prices are low, and when the level of economic activity is high, stock prices are high reflecting the prosperous outlook for sales and profits of the firms.
A study of these economic variables would give an idea about future corporate earnings and the payment of dividends and interest to investors.
The following are the some of the key economic variables that an investor must monitor as part of his fundamental analysis.
Growth Rates of National Income
Inflation
Interest Rates
Budget
The balance of payment
Infrastructure
Monsoon
Economic and Political Stability
GNP (Gross national product), NNP (Net national product) and GDP (Gross domestic product) are the different measures of the total income or total economic output of the country as a whole.
The growth rates of these measures indicate the growth rate of the economy.
The estimate of GNP, NNP and GDP and their growth rates are made available by the government from time to time.
An economy typically passes through different phases of prosperity known as the different stages of the economic or business cycle
The stage of the economic cycle through which a country passes has a direct impact on the performance of industries an
Reducing the Incremental Capital Output Ratio (ICOR) from a legal perspective...AHRP Law Firm
The Incremental Capital Output Ratio (ICOR) is gaining attention in Indonesia as a tool to evaluate capital investment efficiency and economic output. It is evident that a favorable ICOR result can significantly impact a nation's growth. However, an unfavorable ICOR result may present challenges to a nation, necessitating appropriate policy responses. Additionally, a comparative study may be needed to learn and implement key strategies from other countries as lessons learned. Find out more our insights about this topic in our Legal Brief publication.
auditing is an examination of accounting
records undertaken with a view to establish whether they correctly and completely reflect the transactions to which they relate.
noorulhadi Lecturer at Govt College of Management Sciences, noorulhadi99@yahoo.com
i have prepared these slides and still using in mylectures, Reference: Portfolio management by S kevin and onlin
noorulhadi Lecturer at Govt College of Management Sciences, noorulhadi99@yahoo.com
i have prepared these slides and still using in mylectures, Reference: Portfolio management by S kevin and onlin
noorulhadi Lecturer at Govt College of Management Sciences, noorulhadi99@yahoo.com
i have prepared these slides and still using in mylectures, Reference: Portfolio management by S kevin and onlin
noorulhadi Lecturer at Govt College of Management Sciences, noorulhadi99@yahoo.com
i have prepared these slides and still using in mylectures, Reference: Portfolio management by S kevin and onlin
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
1. Portfolio Management
LECTURE TWO
Fundamental Analysis
Prepared By:
Noorulhadi Qureshi
Lecturer Govt College of Management
Sciences Peshawar
2. Fundamental Analysis
Fundamental Analysis is to evaluate a lot
information about the past performance
and the expected future performance of
companies, industries and the economy
as a whole before taking the investment
decision. Such evaluation or analysis is
called fundamental analysis.
3. Fundamental Analysis (con’t)
Fundamental analysis is really a logical and systematic
approach to estimating the future dividends and
share price.
Fundamental analysis is performed on historical and
present data, but with the goal of making financial
forecasts. There are several possible objectives:
• To conduct a company stock valuation and predict
its probable price evolution,
• to make a projection on its business performance,
• to evaluate its management and make internal
business decisions,
• to calculate its risk.
5. Fundamental Analysis
Company Analysis
The Analysis of
economy, industry and
Industry analysis
company constitute the
main activity in the
Economy Analysis
fundamental approach
to security analysis.
And can be viewed as
different stages in
investment decision
making process. Three tier analysis depict
that company
performance dependent
not only on its own effort
but also on the general
industry and economy
factor.
6. Economy Analysis
Boom Economy:
Income rise and demand for goods will increase the industries
and companies in general tend to be prosperous.
Recession Economy:
Income decline and demand for goods will decrease the industries
and companies in general tend to be bad performance
7. Economy analysis (con’t)
Growth rates of national income(GRNI)
GRNI is an important variable can be
calculated by GDP, NNP, and GDP to
analysis the growth rate of economy.
Four stages of economy or economic cycle
i.e depression, recovery, boom and
recovery of economy of nation also impact
on security performance.
8. • Depression: At this stage demand is low and
declining inflation often high and so are interest rate,
companies usually reduce activities and securities
performance is poor.
• Recovery: Economy begin to revive after depression,
demand pick up leading, production and activities
increase.
• Boom: High demand with high investment and
production, companies earn more profit
• Recession: Companies slowly begins
downturn in demand, production and
employment, profits are also decline.
9. Inflation:
Inflation prevailing significant impact on
company performance. High inflation
upset company plan. Demand goes down
because purchasing power fall, high
inflation impact company performance
adversely. Inflation is measured both in
WPI (Wholesale price index)
CPI (Consumer price index)
10. Interest Rate
Interest rates determine the cost and
availability of credit for companies
operating in an economy.
Low interest rate=> easily and cheaply available
credit.
=> lower cost of finance
=> high profitability
High interest rate => higher cost of production
=>lower profitability
=>Lower demand
11. Government revenue, expenditure and deficit
• Government is the largest investor in economy
of any country thus revenue, expenditure and
deficit have significance impact on the
performance of industries and companies.
• Expenditure stimulate demand and creates job.
• The excess of expenditure over revenue is
deficit, (budget deficit), most expenditure are
spent on infrastructure, and deficit financing
fuel inflation.
12. Exchange rate
• The balance of trade in import and export
determine the rate of exchange rate.
• Depreciation of local currency improve the
competitive position in foreign market the
performance of exported product but it would
also make the imported product more
expensive.
• A foreign Exchange reserves is needed to meet
several commitments such as payment for
import and servicing of foreign depts.
13. Infrastructure.
• Development of a economy depends very
much on the infrastructure available. Industry
needs electricity for its manufacturing activities
road and railways to transport raw material and
finished good. Communication channels help
supplier and customers.
• Good infrastructure is symptoms of development.
• Bad infrastructure lead to inefficiencies, low
productivity wastages and delay.
• Investors should analysis the infrastructure of any
economy.
14. Seasonal impact
• Pakistani economy depends on agriculture
sectors, the economy is also depend the
performance of agriculture, optimistic
forecasting of weather condition will prosper the
economy condition.
• Weather forecasting becomes a matter of great
concern for investor in the economy of
agricultural country.