Certified Equity Research Analyst (CERA)
by Kredent AcademyKolkata, 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
Kredent Academy
Kredent Academy is the unique concept where industry professionals have taken the onus of creating a strong knowledge bank in their area of expertise by bridging the gap between theory and practice and by incorporating the practical mode of imparting training.
Currently there is a strong prevalent disconnect with respect to the value that vocational courses add to the career of an individual. This results in a wide gap between graduates and employable graduates. Kredent Academy through its clear philosophy of “education meeting experience” emphasizes the need and relevance of structured real life training modules in multiple business verticals.
Our Strengths
- Real-time market study in live market resources
- Scientifically designed courses by a knowledgeable team, having market experience
- Training by subject experts from the industry
- In-house developed softwares to facilitate learning
- In-house developed question bank for various preparatory courses
- Web integrated model to support learning
- Relevant education to fulfill industry requirements
- Access to an exclusive in-house finance library
- Access to market discussion forums like OPTIONS CLUB
Study Methodology
- Real-time market study in live market set-up
- Scientifically designed courses by a knowledgeable team, having market experience
- Training from industry experts
- In-house developed softwares to facilitate learning, speed and accuracy
- Web-integrated model to support e-learning
- Relevant education to fulfill industry requirements
The core philosophy of providing the most practical knowledge on the subject in imbibed in each and every course module we develop. The following chart is the benchmark principal for all course modules.
Theoretical understanding of subjects becomes a very important part of the learning process. The following graph highlights the modus operandi of content coverage. First quartile of the course has more concentration on theory as we move to the last quartile the theory content is reduced and practical exposure increases.
