Certified Equity Research Analyst (CERA)
Certificate by Kredent Academy
Kolkata, Mumbai, Bhubaneswar
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| Medium of instruction: | English |
Introduction
CERA is a full time certified program for individuals who aspire to be security analysts. This requires both a specific mindset and a comprehensive knowledge of various financial methods and mental models. This course endeavors to expose the incumbent to meaningful equity research along with financial modeling using MS Excel and also provides a working knowledge of the Bloomberg Terminal for analyzing real time market data.
Course Highlight
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Discussions closest to the real world, balanced exposure of theoretical and practical aspects in detail
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Relevant online and offline study material developed by Kredent Academy
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Open platform to interact with faculty and accessibility to market experts and relevant software
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Periodic evaluation of performances and individual monitoring & capability enhancement programs
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Complementary training on MS-Excel
Course Content
Module I – Capital Market Basics
- Daily News Analysis
- Basics of Capital Market
- Ratio Analysis
- Primary Markets (IPO) and Impact of Corporate Actions
- Stock Trading
- Fundamental Analysis and Investing
- Financial Statement Analysis and Ratio Analysis
- Valuation and Live Market Case Studies
- Derivatives Market
- Basics of Futures and Options
- Valuation and Live Market Case Studies
- Other Assets
- Financial Planning and Mutual Funds
- Basics of Currency and Commodity Market
Module II – Fundamental Research Analysis
- Basic FRA
- Introduction to Financial Statement Analysis
- Income Statement Analysis
- Balance Sheet Analysis
- Ratio Analysis
- Qualitative Aspects of Equity Research
- Industry Analysis
- Market Share and Competitor Analysis
- Business Models and Sustainability Analysis
- Impact of Management and Corporate Governance
- Introduction to Valuations
- Basic DCF & Multiple Based Valuations
- Advanced FRA
- Advanced FRA
- Revenue Build-up
- Working Capital, Debt and Interest Schedule
- Fixed Assets, Depreciation and Amortization
- Cash Flow Projections
- Free Cash Flows Basics (FCFF/FCFE)
- WACC (Cost of Capital and Beta Calculation)
- Understanding a Financial Modeling (Valuation) Template
- Relative Valuation Multiples (EV/EBITDA, PE, PB, Sales/Market Cap)
- Research Project and Internship
- Effective Report Writing
- Data Gathering and Presentation
- Live Equity Research on a Company Allocated to Candidate
Module III – Financial Modeling
- Cost of Capital
- Advanced Concepts of Capital Allocation and Beta
- Beta Calculation from Raw Data
- Discounted Cash Flow
- Advanced Concepts of Free Cash Flows (FCFF/FCFE)
- Terminal Value Calculation
- Mergers & Acquisitions
- Modeling for Mergers & Acquisitions
- Leveraged Buyout (LBO)/Private Equity
- Modeling for Private Equity, LBO Transactions
- Financial Institutions Group (FIG)
- Forecasting P&L for Financial Institutions
- Forecasting Balance Sheet for Financial Institutions
- Valuation Modeling for Financial Institutions
- Sector Specific Modeling
- Modeling for a Particular Sector Chosen by Candidate
- Practical Modeling
- Creation and Presentation of a Model of a Company Allocated to Candidate
Module IV – Fixed Income Modeling
- Daily News Analysis
- Fixed Income Basics
- Basics of Bonds
- Concept of Bond Yields
- Valuation of Bonds
- Bond Valuation Using Yield to Maturity (YTM)
- Duration
- Computation of Duration
- Duration Modeling for a Portfolio of Bonds
- Convexity
- Computation of Convexity
- Modeling for Convexity
Module V – Data Analytics with Bloomberg
- Getting Started with Bloomberg™
- Fundamental Analysis
- News Items
- Geographical and Product Segmentation for Equities
- Analyst Recommendation and Earnings Forecast for Equities
- Relative Valuation and Consensus Estimates
- Screening Equities Based on Fundamentals
- Currency
- Forex Information Platform
- Currency Related News and Its Implication
- Data Releases and Its Implication on Currencies
- FX Forecasts & Forward Rates
- Technical
- Identifying Trend & Chart Patterns
- Candlestick Patterns
- Fibonacci Patterns
| Classroom - Full Time | ||||
| When | Duration | Where | Remarks | Price |
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(9:00 AM - 5:00 PM) |
5 Months |
All Venues | Duration: 5 days a week. | Price On Request |
Mumbai, Goregaon East (Branch):- 921, Corporate Avenue, Sonawala Cross Lane, Near Udyog Bhavan Goregaon East, Mumbai - 400 063 , Maharashtra, India
Kolkata, Salt Lake (Branch):- Kredent Tower J 1/14, Block – EP & GP, Sector V Salt Lake, Kolkata - 700091, West Bengal, India
Kolkata, Brabourne Road (Branch):- 4,Brabourne Road Passport Office Building (4th Floor) Brabourne Road, Kolkata - 700001, West Bengal, India
Kolkata, Gariahat Road (Branch):- 23/54 Gariahat Road 2nd Floor Landmark: Near City College Gariahat Road, Kolkata, West Bengal, India
Bhubaneswar, Chandra Sekhar Pur (Branch):- Mahanee Complex 1st Floor, Near Petrol Pump Chandra Sekhar Pur, Bhubaneswar - 751016, Orissa, India
