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Investment Environment in the Virtual Real Cash Economy
Lehnert, Filip ; Hlavinka, Roman (referee) ; Budík, Jan (advisor)
The subject of this thesis is to introduce the reader to the issue of possible financial investment in the virtual economy with real funds and design strategies to maximize the initial capital appreciation. The introduction describes the analysis of virtual PED currency, the economy and the system of publicly traded shares. The main part is focused on presenting the results of practical traded investment based on fundamental analysis, speculation about the intrinsic value of the shares and evaluating applied strategies, including the benefits of work.
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Investment Environment in the Virtual Real Cash Economy
Lehnert, Filip ; Hlavinka, Roman (referee) ; Budík, Jan (advisor)
The subject of this thesis is to introduce the reader to the issue of possible financial investment in the virtual economy with real funds and design strategies to maximize the initial capital appreciation. The introduction describes the analysis of virtual PED currency, the economy and the system of publicly traded shares. The main part is focused on presenting the results of practical traded investment based on fundamental analysis, speculation about the intrinsic value of the shares and evaluating applied strategies, including the benefits of work.
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Fundamental analysis
Pavlovič, Daniel ; Musílek, Petr (advisor) ; Matejašák, Milan (referee)
This final thesis in the first chapter summarizes theoretical knowledge in connection with Fundamental analysis. Furthermore, it deals with proper valuation of bank stock title. Each phase of Fundamental analysis is than analyzed on practical example of stocks KBC and UniCredit. Focus is on complex analysis of global and sector factors. There are mentioned comparisons of key indicators. In the last chapter are concrete data used for calculation of so called right price of the stock and results are compared to actual price at the stock market.
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Fundamental Analysis on example of company Morgan Sindall
Martínek, Stanislav ; Musílek, Petr (advisor) ; Kuklik, Robert G. (referee)
The objective of this diploma thesis is to demonstrate the theory of fundamental analysis, summarising the theory and using British construction company Morgan Sindall as an example; satisfy the theory by applying methods to inputs and subsequently analysing the outputs. The first two sections of the diploma thesis are focused on the analysis of the company. The first section analyses the individual elements of the company. The second section applies the methods of fundamental analysis to determine the intrinsic value of the company. The third and fourth section discusses construction sector influences and global factors which impact on the value of Morgan Sindall shares. Regression analysis is applied to determine the impact of these global factors on the company's share price. This diploma thesis concludes with investment recommendations for Morgan Sindall based on the partial results of the fundamental analysis.
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Rational decision-making of individual investors in equity markets
Hájek, Petr ; Kubík, Jan (advisor)
This bachelor thesis aims for an intelligible approach so that the reader has an opportunity to understand the possibilities and ways of intelligent investment on the Czech stock market. In the first chapter, focused on theoretical aspects of stock trading, the most important concepts are explained. The second chapter is focused on two basic concepts of rational investment - the margin of safety and diversification and the three main approaches for predicting the development of stock courses - technical, psychological and fundamental analysis. In the third part, one of these methods, fundamental analysis, is applied in a full scale on a stock title, which for our purposes will be represented by the company ČEZ a.s. In the subsections of global, industry and company fundamental analysis, the various factors and their impact on the stock price of ČEZ a. s. are analyzed.
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Fundamental analysis of stock Komercni banka, a.s.
Marek, Vojtěch ; Musílek, Petr (advisor) ; Tuček, Miroslav (referee)
This final thesis in the first chapter summarizes theoretical knowledge in connection with Fundamental analysis. Furthermore, it deals with proper valuation of bank stock title. Each phase of Fundamental analysis is than analyzed on practical example of stock Komercni banka listed on Prague stock exchange. Focus is on complex analysis of global and sector factors. There are mentioned comparisons of key indicators with other comparable bank in the economy also the value of the brand Komercni banka is calculated. In the last chapter are concrete data used for calculation of so called right price of the stock and results are compared to actual price at the stock market.
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Stock analysis of the ČEZ
Jedlička, Radek ; Veselá, Jitka (advisor)
My bachelor work is dedicated to stock and shares analysis of the ČEZ, a.s. The aim of analysis is find an overrated, underrated or correctly rated stock and determine investment recommendation. Part of my work is technical analysis completing investment recommendation with timing. Used evaluation model of the fundamental analysis are free cash flow to equity, Gordon's dividend discount model, P/E ratio and P/BV ratio. There were applied five methotds of technical analysis: methods of exponential moving average, candlestick chart, Bollinger bands, Momentum and relative strength index.
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Fundamental analysis of selected stocks
Klimíček, Tomáš ; Musílek, Petr (advisor) ; Veselá, Jitka (referee)
The interest of diploma work is focused on fundamental analysis of selected stocks. Fundaments which were taken into account were earnings per share, sales per share and book value per share. The first part of diploma work describes theoretical background and investment strategies based on P/E, P/S and P/BV ratio. Following part is paying attention to analyzed period, the selection of analyzed stocks and also to the analysis itself. Analysis is performed on twenty stocks traded on London Stock Exchange, on the Main Market. Analyzed period is from 1996 to 2005. In each year of analysis were created three portfolios based on investment strategies connected with P/E, P/S and P/BV ratios. For each selected portfolios was analyzed rate of return. The rate of return was analyzed in different times from creation of the portfolio. The last -- third part includes results of performed analysis, which was performed for each year separately. Result includes analysis of selection of stocks to portfolios and overall analysis of rate of return from of different portfolios. This part of diploma work also includes reflection of limits and weaknesses of performed analysis. Diploma work proved market anomaly. All investment strategies, which were based on ex post analysis, proved its ability to bring higher rate of return than the market.
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Analysis Stock Unipetrol
Blanický, Tomáš ; Veselá, Jitka (advisor)
The following work is a fundamental analysis of stock exchange title Unipetrol, coded Baunippe. This company is widely known by Czech public and his stocks are quoted on Prague Stock Exchange as well as in RM-System. Stocks are traded in SPAD and KOBOS systems and Unipetrol is also one of the companies who create Index PX. Factors from global, branch and firm's analysis, which influence current stock price, will be examined. Technical analysis, as a part of firm's analysis should help to actual trading and making profit.
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Fundamental analysis of Erste Bank shares listed on the Prague Stock Exchange
Petr, Pavel ; Veselá, Jitka (advisor)
This bachelor thesis is an attempt by the methods of fundamental analysis to evaluate all the relevant factors that are relevant in the process of evaluation shares. The aim of this work is to prepare investment recommendations on the shares of Erste Bank. The first chapter is the theoretical background of all the analytical methods used in the stock market. In particular, technical analysis, efficient markets theory, psychological analysis and fundamental analysis. The second chapter is devoted to the global analysis. Global analysis is supplemented by regression analysis of each of evaluated factors. Another chapter deals with the sectoral analysis as insight into the banking sector in the Czech Republic, partly in Central Europe. The fourth chapter contains its own internal calculation of value shares, compared with the current rate of investment and the resulting recommendations.
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