Level 3 · Ph.D
Ph.D Advanced Fundamental Analysis & Value Investing
Finance · Live · v0
- Path type
- Finance
- Requirements
- MSc Advanced Fundamental Analysis & Value Investing
- Enrollment
-
€19.95
- Deadline
- Next cohort starts 2027-09-06 (AY 2027/28)
- Length
- +1 year · 56 phases
- Language
- English · Español
- Content freshness
- Curriculum updated 2026-08-23 · content rev c74eee6f
- Cortex Credits (CC)
-
280 CC
What are Cortex Credits? - Syllabus
-
View the phase syllabus
- The doctoral bridge: from valuekit to quantkit
- Numerical foundations without a stack
- Probability, estimation & inference for finance
- The research fixture panel
- Accruals under the microscope
- IFRS vs US GAAP: the comparability problem
- Revenue recognition & the timing levers
- Leases, pensions & off-balance-sheet obligations
- Combinations, goodwill & purchase accounting
- Earnings quality & statistical detection of manipulation
- Consolidation, segments & cross-border groups
- From a point estimate to a distribution
- Monte-Carlo DCF
- Bayesian priors on growth and reversion
- Real options I: lattices
- Real options II: continuous-time analogues and honest calibration
- Cost of capital under uncertainty
- Reverse DCF, scenarios & stress
- Cross-sectional asset pricing
- Factor construction
- Fama-MacBeth & standard errors that survive
- The replication crisis in finance
- Backtest protocol
- Out-of-sample discipline
- Combining signals
- Machine learning in asset pricing
- Term structure I: curve construction
- Term structure II: short-rate models
- Term structure III: no-arbitrage frameworks & model risk
- Credit I: structural models
- Credit II: reduced-form models
- Credit III: portfolio credit risk
- Volatility surfaces
- Stochastic volatility & jumps
- xVA
- The limit order book
- Information & adverse selection
- Liquidity measurement
- Execution & implementation shortfall
- Market design judged empirically
- Why mean-variance fails in practice
- Covariance estimation
- Black-Litterman
- Robust optimisation & risk parity
- Risk beyond variance
- Regime models
- Implementation under frictions
- Crises as a class
- Runs, spirals & contagion
- Case discipline I
- Case discipline II
- Event studies & counterfactuals
- Research methods in finance
- Reproducing and refuting
- Proposing and executing the capstone
- The verified publication, the defence & the frontier
- Enrolment prerequisites
-
- A verified account and admissions-committee approval.
- Completion of MSc Advanced Fundamental Analysis & Value Investing.
Professor: Vacancy available
Sign in to request enrolment