Research Analyst Course
( NISM Series XV Preparation )

Diploma in Research Analyst

A research analyst is an individual who plans analytical reports on securities or resources for in-house or customer use. Different names for this capacity incorporate monetary analyst, financial analyst, securities analyst, investment analyst, equity analyst, rating analyst, or essentially "analyst."

The work led by the research analyst is with an end goal to ask, inspect, find or overhaul certainties, standards, and hypotheses for interior use by a money-related establishment or an outside budgetary customer. The report an analyst plans involve the examination of open records of securities of organizations or enterprises, and frequently finishes up with a "purchase," "move" or "hold" suggestion.

Demand for Research Analyst

Research analysts can work at an assortment of organizations, for example asset managers, investment banks, insurers, hedge funds, pension funds, brokerages benefits assets, financiers or any business that requirements to crunch information to spot slants or settle on a valuation, settle on a venture choice or estimate the viewpoint of an organization or resource.

 

Course Covering

Introduction to Research Analyst

  • Understanding the objective of Research Analyst
  • Job responsibilities
  • How to interact with other Finance giants and broking houses starting from principles
  • learning the valuable qualities

Introduction to Securities market

  • Difference between securities and securities market
  • Understanding the profile and terminology
  • Understanding the Securities market pyramid or structure
  • Involvement of other participants in the market
  • categorizing different types of transactions
  • Importance of dematerialization and rematerialization of Securities
  • Terminology in Equities and Debt Market
  • understanding about the terminology inequities
  • understanding the terminology in the Debt market
  • Learn the different types of bonds
  • Fundamentals
  • Know more about investing
  • Learning about research on stocks and business
  • learning fundamental analysis - Top-down and bottom-up approach
  • Learning technical analysis
  • Session on behavioral finance
  • Economic analysis
  • -learning the principles of microeconomics and macroeconomics
  • understanding of different macroeconomic variables
  • Introduction to the source of info for economic analysis

Industry Analysis

  • Leaning Dr. Michael Porter’s five force model
  • Learning Political, Economic, Technological, Socio-cultural, Legal and Environmental (PESTLE) Analysis
  • Learn Boston Consulting Group (BCG)
  • Learn Structure Conduct Performance (SCP) Analysis
  • Understand the Key Industry Drivers
  • KNOW the Regulatory environment/framework
  • Learn about the Sources of information for industry analysis

Company Analysis – Qualitative Dimensions

  • Learn  Business and Business Models
  • Understand the Competitive Advantages/Points of differentiation over the competitors
  • Learn Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis
  • Learn about Quality of management (including independent directors) and governance
  • Learn Pricing power and sustainability of this power
  • Understand about the Organization structure
  • Learn Critical business drivers/success factors
  • Understand the Risks in the business
  • Learn about Compliance orientation of the company
  • Understand the Documentation on Guidance v/s Actuals
  • Learn  the Sources of information for analysis

Company Analysis – Quantitative Dimensions

  • Learn  Business and Business Models
  • Understand the Competitive Advantages/Points of differentiation over the competitors
  • Learn Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis
  • Learn about Quality of management (including independent directors) and governance
  • Learn Pricing power and sustainability of this power
  • Understand about the Organization structure
  • Learn Critical business drivers/success factors
  • Understand the Risks in the business
  • Learn about Compliance orientation of the company
  • Understand the Documentation on Guidance v/s Actuals
  • Learn  the Sources of information for analysis
  • Learn about the history of corporate actions
  • Learn the ownership & insiders sales and purchase of shares in the history

Corporate Actions

  • learn the philosophy of corporate actions

Valuation Principles

  • Understand the difference between Price and Value
  • Learn why Valuations are required
  • Learn the Sources of Value in a Business – Earnings and Assets
  • Understand about the Discounted Cash Flows model for Business Valuation
  • Understand about Absolute Valuations vs. Price-Value sense
  • Understand the Earnings based Valuation Matrices
  • Brush up on the Assets based Valuation Matrices
  • Understand the Relative Valuations - Trading Multiples and Transaction Multiples
  • Determinie the Sum-Of-The-Parts (SOTP) Valuation
  • Determine the other Valuation Parameters in new age economy and businesses
  • Get  the Capital Asset Pricing Model
  • Grasp the Objectivity of Valuations
  • Gain some important considerations in the context of Business Valuation

Fundamentals of Risk Return

  • Determine the Concept of return of investment and return on investment
  • Determine the Calculation of simple, annualized and compounded returns
  • Understand about the Risks in investments
  • Determine the Concepts of market risk
  • Determine Sensitivity analysis to assumptions
  • Understand the Concept of Margin of Safety
  • Understand the Comparison of equity returns with bond returns
  • Gain the Basic Behavioral Biases influencing investments
  • Learn about some pearls of wisdom from Investment Gurus across the world

Qualities of a good Research Report

  • Determine the Qualities of a good Research Report
  • Determine the Checklist based approach to the Research Reports
  • Gain about the sample checklist for Investment Research Reports

Legal and Regulatory Environment

  • Determine the Regulatory infrastructure in Financial Markets
  • Learn the Important regulations in the Indian Securities Market
  • Know the Code of Conduct/Ethics for Research Analysts
  • Determine the Disclosure Requirements for Research Analysts

2 Certifications

  • ISM DIPLOMA in Research Analyst
  • NISM XV  Research Analyst Series Certification
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