00 Practice Lab
Chapters covered: 71-76 | Focus: Altman Z, Piotroski F, advanced DCF, economic cycles
Use this lab after reading the chapters. Work on paper, Excel, or Screener.in before checking answers.
Visual Learning
Practical Examples (Indian Market)
Example A - Apply the Core Formula
Pick any NSE-listed company from this part's topic (Z-Score, F-Score, PEG, DCF, cycles). Pull latest annual report or Screener data and compute the main ratio/formula from each chapter. Build a one-page cheat sheet.
Example B - Good vs Bad Comparison
| Strong Signal | Weak Signal | ||
|---|---|---|---|
| Trend | Improving 3-5 years | Declining 2+ years | |
| vs Peers | Top quartile in sector | Bottom quartile | |
| Cash vs Profit | FCF supports profit | FCF much less than PAT | |
| Management | Transparent, low pledge | Opaque, high pledge | ### Example C - Decision Drill |
Scenario: You have Rs. 2 lakh to deploy. Using only concepts from Part 10, would you buy at full size, use 3 tranches, or wait in cash? Write 3 bullets defending your choice.
Mini Case Study
Company: Choose one Indian listed firm relevant to this part.
- Thesis - 3 sentences: why business is good or bad
- Numbers - 5 metrics from this part
- Verdict - Buy / Hold / Avoid / Watchlist
- Invalidation - 2 events that break your thesis
Practice Questions — Chapter Drills
Complete after reading each chapter's Practice Questions. Open the chapter Answer Key to verify.
- Ch 71 Altman Z Score: Altman Z Score — what is the core message of this chapter in one sentence?
- Ch 72 Piotroski F Score: Piotroski F Score — what is the core message of this chapter in one sentence?
- Ch 73 Peg Ratio: Peg Ratio — what is the core message of this chapter in one sentence?
- Ch 74 Dcf Valuation Advanced: Dcf Valuation Advanced — what is the core message of this chapter in one sentence?
- Ch 75 Economic Cycles: Economic Cycles — what is the core message of this chapter in one sentence?
- Ch 76 Sector Rotation: Sector Rotation — what is the core message of this chapter in one sentence?
Answer Key (Lab)
How to self-check chapter drills
Strong answers: (1) cite formula + numbers, (2) name NSE/BSE source, (3) mention one red flag. Open each chapter's Answer Key section for model answers — do not skip showing your working.
Self-Assessment Checklist
- Completed at least 3 calculations on real Indian companies
- Studied the diagram above without notes
- Can explain this part in 5 minutes to a friend
- Found 1 red flag in the wild using these tools
- Completed FAQ Drill (3+ answers without peeking)
- Updated investment journal with one entry
FAQ {#faq}
Use this section after reading chapter FAQs. Try answering without looking, then verify against the linked chapter.
Lab Workflow
Q: Practice lab — before or after reading chapters?
A: After — read the chapter + chapter FAQ first, try exercises without the answer key, then verify here.
Q: Is Screener.in enough, or is the annual report required?
A: For lab drills, Screener/Trendlyne is the start point; final verification must come from the consolidated annual report — CFA discipline.
Q: How do I score the Part 10 FAQ Drill?
A: 6+ accurate out of 8 drills = ready for the next part; 4–5 = re-read weak chapters; <4 = repeat the lab + FAQ index.
Q: What is the difference between Chapter FAQ and Lab FAQ?
A: Chapter FAQ = concept clarity (5 Q per chapter); Lab FAQ = synthesis across Part 10 (71-76).
Chapter FAQ Quick Index
| Ch | Chapter | Top FAQ Question | |:--:|---------|------------------| | 71 | Altman Z-Score — Distress Screening (Advanced) | Altman Z Score — what is the second check when evaluating this concept? | | 72 | Piotroski F-Score — Quality and Financial Strength | Piotroski F Score — what is the second check when evaluating this concept? | | 73 | PEG Ratio — Growth-Adjusted Valuation | Peg Ratio — what is the second check when evaluating this concept? | | 74 | Advanced DCF Valuation — Sensitivity and Scenarios | Dcf Valuation Advanced — what is the second check when evaluating this concept? | | 75 | Economic Cycles — Expansion, Peak, and Recovery | Economic Cycles — what is the second check when evaluating this concept? | | 76 | Sector Rotation — Cyclical Positioning | Sector Rotation — what is the second check when evaluating this concept? |
FAQ Drill — Test Yourself
Answer in 2–3 complete sentences in English, then open the chapter FAQ link to check.
- Ch 71: Altman Z Score — what is the second check when evaluating this concept?
- Ch 72: Piotroski F Score — what is the second check when evaluating this concept?
- Ch 73: Peg Ratio — what is the second check when evaluating this concept?
- Ch 74: Dcf Valuation Advanced — what is the second check when evaluating this concept?
- Ch 75: Economic Cycles — what is the second check when evaluating this concept?
- Ch 76: Sector Rotation — what is the second check when evaluating this concept?
FAQ Answer Key (Lab)
Drill guidance — how to self-check
Strong answers: (1) cite a number or formula, (2) name one NSE/BSE example, (3) mention one red flag. Weak answers: vague definitions only. Re-do drills for chapters you missed.
Go Deeper
| Resource | Link |
|---|---|
| Part chapters | _README.md |
| Formulas | CHEATSHEET.md |
| Action lists | CHECKLIST.md |
| Stock analyzer | tools/stock-analyzer |
Disclaimer: Educational content only. Not investment advice.