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Predictability of stock returns using financial ratios in Prague Stock Exchange
Brada, Jiří ; Pěkná, Martina (advisor) ; Benčík, Daniel (referee)
This paper studies whether financial ratios can predict stock return and change of indexes PX and PX-TR in Prague Stock Exchange for the period from 2008 to 2014. We select price to earnings ratio (PE), market to book ratio (MB), dividend yield (DY) and size of the company (S) as the explanatory variables because of its common application in investment practice. The obtained results indicate that above mentioned ratios have some predictive power, where the PE and MB ratios demonstrate the strongest relationship with the explained variables.
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Aplikace pro správu osobních financí
Brada, Jiří
This Diploma thesis addresses the different problems regarding Czech web applications in relation to managing personal finances. The first part describes the current state of the Czech market with web applications. The next part evaluates synchronization methods of both incomes and costs with internet bankings. These findings are based on executed design and implementation of new web applications which contain an option for synchronization with banking API and better suits the needs of a defined target group. Finally there is a comparison made between monetisation and gamification.
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Predictability of stock returns using financial ratios in Prague Stock Exchange
Brada, Jiří ; Pěkná, Martina (advisor) ; Benčík, Daniel (referee)
This paper studies whether financial ratios can predict stock return and change of indexes PX and PX-TR in Prague Stock Exchange for the period from 2008 to 2014. We select price to earnings ratio (PE), market to book ratio (MB), dividend yield (DY) and size of the company (S) as the explanatory variables because of its common application in investment practice. The obtained results indicate that above mentioned ratios have some predictive power, where the PE and MB ratios demonstrate the strongest relationship with the explained variables.
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Company valuation
Brada, Jiří ; Pokorný, Jan (advisor) ; Hraba, Zdeněk (referee)
The aim of this thesis was to comprehensively describe the valuation process, emphasize the significance of each part and point out possible pitfalls. The methodological valuation theory is not regulated in the Czech Republic, with a few exceptions, thus the credibility of the final value depends on the economic quality of applied process. Before the valuation methodology itself is applied, there has to be carried out both strategic and financial analysis providing the inputs for the applied models. Strategic analysis examines both general macroeconomic conditions, which could affect future performance of the company, and relevant market the company operates on within the competitive landscape. Strategic analysis provides the inputs into subsequent financial plan, primarily based on historical financial performance of the company, and serve as its corrective. In this thesis there were analyzed yield-based and market multiples methods, complemented by asset-based approach. Yield-based methods, i.e. DCF and EVA, are based on discounted future value which will the company generate. That implicates the suitability of its application for the companies with predictable financial plan. That means mostly companies with stable financial history, in case of young innovative startup the usage of such a method...
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Analýza herních záznamů
Brada, Jiří
This Bachelor thesis deals with the analysis of game records in the game World of Warcraft. Due to the lack of sufficiently effective tools for comparing players and their results between each other in the sense of who caused what injury and the amount of teammates healed, systems were put into place that tried to minimize these shortcomings. The work describes what a game record is, the parameters that it contains and their meaning. Furthermore, the article introduces the current methods practiced for processing. There is a new web application that has been designed and is implemented in the programming language of PHP. The results were subjected to stress tests at a testing installation.
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