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1、Chapter10Chapter10AssessingInvestmentSystemsAssessingInvestmentSystemsI.教學(xué)目的Bytheendofthechapter,studentsshouldbeabletoknowabout:?thewayinwhichinvestmentsystemswork;?problemswithsomeoftheinvestmentsystems;II.教學(xué)計(jì)劃Thischapterwillcover3hours.2hoursfortheintroductionofbackgroundinformationandexp
2、lanationsoftermsandthetexts.Andtheother1hourfordiscussionandpractice.III.III.教學(xué)方法教學(xué)方法?Translation:keysentences.?Paraphrasing:keywordsandexpressions?Summarizing:keypassages.?Discussion:importantissues.?Questionsandanswers:interactionbetweenteachersandstudents.IV.背景知識(shí)Investmentsystemisakindofs
3、oftwarewhichoffersportfolioanalysisandevaluatestheperformanceofvarioussecurities.Itcollectsreal-timeinformationanddataofallkindsofinvestmentinstruments,suchasbonds,stocks,futures,options,funds,etc.?Thesedatacoverprices,salesvolumes,othernewsaboutthecompany,andtheoutsideinvestmentclimate.?The
4、investmentassessingsoftwarewouldprovideasystemtodrawanoverallconclusionbasedupontheabovementionedindices-dataandinformation.?Thenusersorclientsofthesystemcouldmaketheirinvestmentdecisionaccordingtotheconclusionofthesystem.Price-earningratio"P/E"forshort,isacommonlyusedwaytosimplisticallyvalu
5、eacompany(determinewhatacompany'sstockshouldbeworth).Itissimplyacompany'sstockpricedividedbyacompany'searningspershare.Thepricetoearningsratio,alsoknownas"P/E",iscalculatedbydividingthecompany'sstockpricebythecompany'searningspershare,or"EPS".TheP/Eratiogivesyouanindicationofhowmanytimesyoua
6、repayingforacompany'sstockverseacompany'searnings.ThereasonwhysomecompanieshaveahighP/Eisbecauseinvestorsbelievethatthecompany'searningswillbehigherinthefuture.P/Eratioscannotbeappliedtocompanieswithoutanyearnings.TocalculateitsP/Eratio,yousimplydividethecurrentstockpricebytheannualearningsp
7、ershare(EPS).IfitscurrentannualEPSis$3andthestockistradingfor$111pershare,theP/Eis$111dividedby$3,or37Bluechipstockthestocksofwell-establishedandstablecompanies.Bluechipstocksaretypicallyfromfinancially-soundcompaniesthathaveagoodrecordofproducinge
