넷플릭스와 엔비디아를 합성한 투자 포트폴리오 최적화
- 최초 등록일
- 2020.06.08
- 최종 저작일
- 2019.05
- 6페이지/
MS 워드
- 가격 5,000원
소개글
[해외MBA 재무관리 사례발표]
넷플릭스와 엔비디아를 통하여 최적의 투자포트폴리오 구하기
목차
1. Netflix Inc.
2. NVIDIA Cor.
3. Quantitative & Qualitative Analysis
4. Portfolio Construction
a. Mean-Variance Efficient (MVE)
b. Short Extension
c. Market-Neutral Long Short
d. Alternative Investment
5. Summary and Limitations
본문내용
Both companies are categorized as Tech stock, which means that they can be applied with higher P/E or EV/EBITDA multiples in valuations compared with other traditional manufacturing industries. They both have exhibited increasing sales and earnings per share in their financial performance. Based on historical data, our group calculated annualized return (RETURN), standard deviation (STDEV), risk free rate and collect Beta information as Figure 3 shown on the right. Netflix has recorded higher return and Sharpe ratio but lower volatility and beta than NVIDIA.
However, as the conventional wisdom says “The past performance never guarantees future success!”, we cannot only focus on historical data to decide investment strategy. Our group also analyzed future growth expectation on each stock.
First of all, in revenue growth perspective, Netflix is going to keep growing for the next 2 years. On the other hands, NVIDIA is going to grow in 2019 but shrink in 2020.
참고 자료
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