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Investing & Personal Finance Advanced

Factor Investing: Value, Momentum, Quality & Smart Beta

Score a stock universe on value, momentum and quality, build z-score composites and quintile portfolios, measure long-short returns, run CAPM and Fama-French-style LINEST regressions, price turnover and summarise a backtest: 8 graded labs. Educational only, not investment advice.

8 lessons 8 labs 2.1 h Certificate

  • One-time payment
  • 14-day money-back guarantee
  • Secure checkout with Stripe

What you'll build

What you will be able to do

Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.

  • Turn raw data for a 20-stock universe into three classic factor measures and rank the stocks by value.
  • Standardise value, momentum and quality so they can be added up, combine them 40/30/30 and find the top-ranked stock.
  • Sort the universe into five portfolios of four stocks by composite score, measure each quintile's next-month return and chart the pattern.
  • Build the monthly return of a long-short factor portfolio, compound it and test whether the average is more than noise.
  • Regress a value portfolio's excess returns on the market's and read off beta, alpha and R².
  • Regress a fund's excess returns on four factor returns at once and read its market beta, value tilt, alpha and R² from LINEST.
  • Measure how much of a monthly-rebalanced factor portfolio is traded and how much of the backtest premium trading costs eat.
  • Summarise a 36-month factor backtest with the four numbers every fact sheet shows and chart the growth of $1 against the benchmark.

About this course

Smart beta products are built on factor scores, and here you construct them from raw stock data. You score stocks on price-to-book value, 12-minus-1-month momentum and ROE quality, standardise the scores and blend them into a weighted multi-factor composite. Stocks are ranked into quintile portfolios, and the long-short return of the top minus the bottom quintile is tested with a hit rate and t-statistic. You estimate CAPM beta and alpha, run a multi-factor regression in the style of Fama and French, measure rebalancing turnover and trading-cost drag, and summarise a backtest with CAGR, volatility, Sharpe ratio and maximum drawdown. For finance students, quant-curious investors and analysts; educational, not investment advice.

Curriculum

Course content

8 lessons · 8 labs · 2.1 h · final exam

  1. Factor Scores: P/B Value Rank, 12-1 Momentum & ROE QualityLab15 min4 checked tasks
    Unlocked when you buy the course
  2. Z-Scores & a Weighted Multi-Factor CompositeLab16 min4 checked tasks
    Unlocked when you buy the course
  3. Quintile Portfolios: Rank → Bucket → Average ReturnLab16 min4 checked tasks
    Unlocked when you buy the course
  4. Long-Short Factor Return: Q1 minus Q5, Hit Rate & t-StatLab15 min4 checked tasks
    Unlocked when you buy the course
  5. CAPM Beta & Alpha with SLOPE and INTERCEPTLab15 min4 checked tasks
    Unlocked when you buy the course
  6. Multi-Factor Regression with LINEST (Fama-French Style)Lab18 min4 checked tasks
    Unlocked when you buy the course
  7. Rebalancing Turnover & Trading-Cost DragLab14 min4 checked tasks
    Unlocked when you buy the course
  8. Backtest Summary: CAGR, Volatility, Sharpe & Max DrawdownLab18 min5 checked tasks
    Unlocked when you buy the course
  9. Final exam12 questions, 75% to pass, unlimited retries.

Certificate

Finish with a certificate you can verify

Complete every lesson and pass the final exam to receive a certificate of completion for this course, with a unique credential ID and a public verification page.

  • Names the course, your score and the date of issue
  • A verification link for your CV or LinkedIn profile
  • 12 questions, 75% to pass, unlimited retries.

A Tutorvo certificate confirms that you completed a course. It is not an official or professional qualification.

Illustration. Your certificate shows your own name, course and credential ID.

Before you buy

Questions about this course

Is this a subscription?

No. You pay $9.99 once for this course. There is no subscription and nothing renews automatically. Prices are in US dollars; taxes may be added where required.

What exactly do I get?

All lessons and labs of this course, the final exam and the certificate, including later updates to the course, for as long as Tutorvo offers it. Access is personal and tied to your account.

Can I get a refund?

Yes. If you are not satisfied, email hello@tutorvo.com within 14 days of buying and we refund the course in full via Stripe. The guarantee does not apply once a certificate for the course has been issued to you, or where there are signs of abuse.

When can I start?

Right after payment. Access starts immediately at your request; for consumers in the EU/EEA the statutory right of withdrawal therefore ends once access has begun, while our 14-day money-back guarantee applies regardless.

Do I need Excel or other software?

No. The labs run in a spreadsheet inside your browser on a laptop, tablet or phone. Function names and syntax follow Excel.

Is the certificate an official qualification?

No. It confirms that you completed all lessons of the course and passed its final exam. It is not an official, state-recognised or professional qualification. The name is taken from your profile when the certificate is issued.

Full details are in our Terms · hello@tutorvo.com

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