April 8, 1997
All team subdirectories have been set up. To access your directory (say, team 4):
http://www-sharpe.stanford.edu/4
Give the id:
team4 (all lower case, no blanks)
and your team password
Note: passwords are all lower case
Note also: I have assigned passwords for teams 14 and 15. Please see me to find out what they are.
If asked, do the same when you wish to access the subdirectory for the course. It is
http://www-sharpe.stanford.edu/328
April 8, 1997
The spreadsheet used in session 3 (which will be used also in session 4) is now available on the course directory:
http://www-sharpe.stanford.edu/328
When you select it, Netscape will ask you if you wish to save the file. Do so. Then you can retrieve it from your disk using Excel.
April 8, 1997
Please check the team list to insure that you are listed with the correct team and that your email address is present and correct. Please email me any changes at:
wfsharpe@leland.stanford.edu
April 13, 1997
Good News:
The reading assignment for session 6 (April 16) has changed. You don't have to read the formerly referenced articles.
Bad News:
The reading assignment for session 6 (April 16) has changed. You have to read the new web material and study the accompanying optimization worksheet.
April 19, 1997
Exercises 1 through 5 have been converted to Excel workbooks. Please insert your answers in the appropriate spots in a workbook, then send it to me (as an attachment in an email) before the time specified in the course outline. I will put a copy in your directory as EXn_mA.xls where n is the exercise number and m is the team number. When I have graded it, I will put another copy as EXn_mG.xls.
April 22, 1997
The "slides" for today's lecture are available: select factors.
April 28, 1997
The "slides" for dynamic asset allocation are available: select dynamic strategies
May 1, 1997
The "slides" for currency issues are available: select currency
May 5, 1997
Some problems have arisen with the optimization worksheet due to a relatively large epsilon for the termination condition. The net effect is that the procedure may stop too far short of a global optimum. I have modified the worksheet to increase its precision (at the cost of slower run-time) and to allow you to specify any other cutoff. The current version (dated May 5) should perform much better for some of the analyses in exercise 4.
May 6, 1997
New slides for the yen/dollar exchange rate, style returns and for international diversification
May 9, 1997
New slides for the performance measurement and further results on Morningstar ratings
May 18, 1997
Exercise 3 has been graded. See your site for the results.
The grade distribution follows:
| P- | 1 |
| P | 6 |
| P+ | 4 |
| H | 3 |
| 14 |
May 23, 1997
Exercise 4 has been graded. See your site for the results.
The grade distribution follows:
| P- | 0 |
| P | 7 |
| P+ | 6 |
| H | 1 |
| 14 |
May 26, 1997
Exercise 5 has been graded. See your site for the results.
The grade distribution follows:
| P- | 1 |
| P | 9 |
| P+ | 2 |
| H | 1 |
| H+ | 1 |
| 14 |
Note: H+ is a highly unusual grade, but there was a highly unusual answer. It will be given 1.5 points (H = 1.0).
May 27, 1997
Exercise 6 has been graded. See your site for the results.
The grade distribution follows:
| U | 3 |
| P | 5 |
| P+ | 4 |
| H | 2 |
| 14 |
May 27, 1997
Grades to date.
GPA's based on 6 exercises ( U = -1, P- = -0.3; P = 0; P+ = 0.5; H = 1.0; H+ = 1.5 ), to two decimal places
| 0.50 | 1 |
| 0.37 | 1 |
| 0.33 | 1 |
| 0.28 | 3 |
| 0.25 | 1 |
| 0.20 | 1 |
| 0.17 | 2 |
| 0.12 | 1 |
| 0.08 | 1 |
| 0.00 | 1 |
| -0.02 | 1 |
June 1, 1997
Exercise 7 has been graded. See your site for the results.
The grade distribution follows:
| P- | 3 |
| P | 6 |
| P+ | 4 |
| H | 1 |
| 14 |
June 1, 1997
Grades to date.
GPA's based on 7 exercises ( U = -1, P- = -0.3; P = 0; P+ = 0.5; H = 1.0; H+ = 1.5 ), to two decimal places
| 0.50 | 1 |
| 0.43 | 1 |
| 0.31 | 2 |
| 0.29 | 1 |
| 0.24 | 1 |
| 0.20 | 1 |
| 0.17 | 1 |
| 0.14 | 2 |
| 0.13 | 1 |
| 0.10 | 2 |
| -0.04 | 1 |