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Algorithmization for decision support
Strečková, Nikola ; Budík, Jan (referee) ; Dostál, Petr (advisor)
This thesis is focused on understanding investment strategies on cryptocurrency markets and thanks to the own algorithm create an automated program to support the decision making. To deploy and develop the algorithm is used MetaTrader5 platform, which uses the MQL5 programming language. The strategy was backtested on historical data of BTCUSD and BTCEUR to validate the efficiency of the strategy.
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Možnosti využití technologie automatizovaných obchodních systémů v oblasti pasivního příjmu podniku
Černochová, Leona
For several decades, forex trading has been connected with large part of the population. With the development of technology, this type of trading is becoming easier and possibility of this kind of investing is easier too. Automated trading systems in the forex market are still in their infancy, but it is already known that it is possible to make financial income through their use. The main aim of this thesis is to gain insight into the profitability of investing in an automated trading system on the forex market and analyse whether the appreciation of financial capital is sufficient to be used as a financial reserve in the event of a failure of the firm's fixed income. The paper concludes by establishing the attitude of the real enter-prise towards this investment.
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Is ESG a resiliency factor for company stock returns during a crisis? Evidence from Europe during the covid-19 pandemic
Krameš, David ; Novák, Jiří (advisor) ; Kurka, Josef (referee)
The goal of this thesis was to examine whether high ESG performance serves as a resiliency factor for company stock returns during times of crisis. Using a DID estimator for 3 different regions and treatment timings, I find that high ESG performance did serve as a resiliency factor for company stock returns in the short term during the covid-19 pandemic, with high-ESG firms having 1.125-4.785% higher stock excess log returns compared to low-ESG firms over a 15 day period. This is probably a result of their lower perceived riskiness. I also find this effect is primarily driven by the S pillar and for European companies, by firms belonging to the Financial and Healthcare industries. In the long term, I find that the effect reverses and ESG becomes a negative factor, which I believe is caused by investors starting to seek riskier investments again. Finally, for European and American firms, I find the effect of a high score in the G pillar is negative even in normal times.
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Application of Fuzzy Logic for Evaluating Investments in Stock Markets
Jovič, Marko ; Janková, Zuzana (referee) ; Dostál, Petr (advisor)
The diploma thesis deals with the application of fuzzy logic in supplementary models that serve as a support tool for solving decision-making questions in the field of stock market investments. The models encompass evaluative criteria and their attributes, which are used to evaluate various types of investment assets. The models are implemented in MS Excel using the VBA programming language and MATLAB from MathWorks.
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The investment portfolio and its creation
Čermák, Jan ; Luňáček, Jiří (referee) ; Dohnal, Mirko (advisor)
The subject of the diploma thesis is the proposal of a sector-diversified investment portfolio of American value stocks for the use of an ETF fund. The thesis consists of three parts. In the first part, the necessary theoretical background is explained, on the basis of which the criteria for the selection of stock titles are determined. In the following part the fundamental analysis of selected stock titles is presented. The conclusion of the work is the proposal of a stock portfolio based on an investment recommendation and determination of the percentage representation of individual stock titles.
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Proposal for Extension of the Stock Portfolio of the Hedge Fund.
Rumanovský, Martin ; Beličková, Veronika (referee) ; Rejnuš, Oldřich (advisor)
This bachelor thesis focuses on the analysis of companies in the pharmaceutical industry in the USA, with the aim of developing a proposal for the expansion of the equity portfolio of a hedge fund based in the Czech Republic. The theoretical part of the thesis deals with the legal requisites of funds in the Czech Republic and defines the theoretical background concerning equity investments and related financial analysis. In the practical part of the thesis, the companies are firstly selected based on the hedge fund's statute and the requirements of the hedge fund's management. These companies are then analysed using the indicators defined in the theoretical part of the thesis. The companies are compared with each other based on the results of the financial analysis using inter-company comparison methods and then verified using the bankruptcy model. Based on these outputs, a proprietary investment recommendation is formulated to extend the portfolio of the hedge fund.
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The investment portfolio and its creation
Sivenkova, Marietta ; Toman,, Petr (referee) ; Ptáček, Roman (advisor)
The diploma thesis deals with the compilation of a diversified investment portfolio for a retail investor. Theoretical knowledge is defined in the first part of the thesis. In the next part, a comparison of two indices is made - S&P 500 and DJIA 30. Part of the diploma thesis is the analysis and comparison of each sector of the economy with shares according to 9 different indicators. Next, the ETFs of each of the precious metals are compared and the best ones are selected. In the end, an investment recommendation is formulated.
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Investing in pharmaceutical companies from the perspective of a long-term investor
PŘÍPLATA, Milan
The main aim of this master thesis is to determine the prediction of the market value of shares and to compile an investment recommendation for a long-term private investor based on a technical and fundamental analysis of the shares of selected companies from the pharmaceutical industry. In the sense of technical analysis, the graph was worked with the help of trend, price and volume indicators and other metrics such as graph formations or trend analysis. In the sense of fundamental analysis, an analysis of the macroeconomic environment was carried out, then an analysis of the pharmaceutical industry sector was carried out, and last but not least, a financial analysis was carried out at the enterprise level of the selected companies. As a supplement to the work, an interview was conducted with a practitioner on the subject of technical and fundamental analysis.
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Investing in precious metals as a tool of financial security for retirement
REMIÁŠ, Ondřej
The thesis deals with possibility of investing in precious metals (with a great focus on gold) as a way to have financial savings for retirement and comparing it with more widely used saving tools in the Czech Republic that are used for such purposes - sup-plementary pension insurance, life savings and more. The first part of this work looks at Czech pension system before and after its reforms and pointing out its unsustainability for the future. It then proceeds to look in history of investing in gold and analyze in great depth its benefits and disadvantages. The practical part was divided into financial analysis based on the example of the statistically average Czech citizen and a question-naire, which was attended by 288 respondents, mainly students or university graduates. Although the results of the work showed the suitability of gold and other precious met-als in the issue of financial security for retirement, we shouldn't also forger their disad-vantages when choosing them for this purpose. When creating a financial portfolio, one should think about involving a whole range of financial products - whether stock, bonds or its supplementation in the form of advantageous supplementary pension savings. Pre-cious metals undoubtedly have a place there, but they should be used primarily for their specific investment characteristics and advantages: as a hedge against inflation and mar-ket fluctuations of non-correlated financial instruments.
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Adaptive Trading Strategies for Cryptocurrencies
Filip, Marek ; Perešíni, Martin (referee) ; Homoliak, Ivan (advisor)
Obchodní strategie pro kryptoměny bývají založeny na padajícím nebo stoupajícím trhu. Kámen úrazu nastává, když jsou aplikovány na špatný trend v tak nestabilním trhu, jako je ten s kryptoměnami. Tato práce se zabývá možností adaptivních obchodních strategií, které se dokáží přizpůsobit na klesající a stoupající trendy v kryptoměnovém trhu. Analyzováním ceny Bitcoinu a vytvořením metriky risku, kde se díváme na extrémy vytvořené funkce, můžeme dojít k řešení návrhu adaptivních strategií. Zkoumají se jak dlouhodobé, tak krátkodobé možnosti investování. K vyhodnocování strategií a vykreslování časových řad je vytvořen rozšířitelný program pro testování historických dat. Výsledky jsou porovnány s tradičními přístupy, jako je HODL a rebalancování, přičemž bylo zjištěno, že při použití správných kritérií se mohou více než ztrojnásobit. Práce nabízí investorům nové způsoby zisků a zároveň dává čtenářům možnost nahlédnout do tvorby (adaptivních) strategií a jejich zpětného testování v kódu. Předpokládá se, že výsledky práce budou využívány automatizovanými obchodními systémy.
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