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Investments in Shares of Global IT Companies Through a Hedge Fund
Sinilkina, Anastasiia ; Bílek, Michael (referee) ; Rejnuš, Oldřich (advisor)
The bachelor thesis focuses on financial analysis of significant global companies operating in the field of Information Technology. The first part of the thesis discusses theoretical aspects of investing, particularly strategies of hedge funds and fundamentals of financial analysis of companies. The second part contains a description of the proposed fund and conducts analysis and comparison of selected companies. The third part presents a proposal for portfolio supplementation of the fund.
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Utilization of Financial Analysis as a Tool for Investment Decisions
Homola, Jakub ; Bednář, Rostislav (referee) ; Ptáček, Roman (advisor)
The bachelor's thesis deals with the evaluation of the six largest companies in the automotive industry, in the period 2018-2023. This work is divided into three parts. In the first part, the key financial analysis tools for comparing companies are found. In the practical part, these tools are part of selected companies and comparisons between companies. In the design part, companies in the best financial situation are selected, from which a fictitious portfolio is subsequently compiled.
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International diversification and portfolio risk
KRÁL, Tomáš
The thesis analyses the relationship between international diversification and portfolio risk. The aim of the thesis is to construct and analyse a custom investment portfolio of selected international stocks and evaluate how diversification of these assets from different markets affects the overall portfolio risk. In the theoretical part, the basic terms are defined in order to understand this work. The practical part includes the German portfolio and the international portfolio which each consists of ten chosen stocks of companies that are traded on a stock exchange during the period from January 1, 2019 to January 1, 2024. Each company in the German portfolio was matched by a company in the international portfolio with a similar size of market capitalisation and business in the same sector. Then in the practical part the historical rates of return, historical values of risk, coefficients of variation, covariances and correlations of all stocks and historical rates of return, historical values of risk and effective boundaries of these two portfolios are calculated. Then the efficient boundaries are compared, the efficient boundary of the international portfolio achieved higher monthly historical rates of return at lower historical values of risk than the efficient boundary of the German portfolio. The results of this work are intended to serve as a tool to better understand the impact of international diversification on portfolio risk and may offer recommendations for investors on optimal asset allocation in an international investment environment.
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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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Stock portfolio strategy and analysis of its return and risk
PERNÍK, Jan
This study focuses on stock portfolio construction strategies to identify optimal approaches for short-term investments and to assess the trade-off between risk and return. One of the five portfolios was constructed by analysing undervalued stocks using the discounted future free cash flow method, which is described in detail in the study. The paper compares the portfolios with their alternatives calculated by maximizing the Sharpe ratio. We evaluate the risk and performance of the portfolios using the Sharpe ratio, Traynor ratio, Jensen's alpha, and Information ratio to determine the effectiveness of the strategies and their applicability in real scenarios. Finally, we discuss whether optimization is a useful tool in portfolio construction.
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Fundamental analysis of the selected stock
KOLAŘÍK, Jakub
The main goal of this bachelor thesis is to assess the intrinsic value of a chosen stock by using fundamental analysis For this work the company Kofola Československo, a.s was chosen. The main part of the work is to calculate the intrinsic value with chosen models, then compare it with the market price to date 30. 12. 2022 and make the investment recommendation. Six models were chosen for the thesis: single staged dividend discount model, profit models Sharp's P/E and P/S model, cashflow model FCFE and historical models P/S and P/D. During comparison with the market price, which was 244 Czech crowns, only historical model P/D and FCFE model showed that the stock is overvalued and didn't recommend it for the investor. Profit model P/S wasn't suitable for comparison because the sales growth rate was higher than required rate of return, so it led to negative intrinsic value result. Investor's option is to decide which model is relevant for them to decide whether to buy the stock or not. Another option for him is to make an average of intrinsic values of the relevant models and based on this result decide about buying or selling the stock.
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Stock Selection by Techical Analysis
Netušil, Petr ; Polách, Petr (referee) ; Sojka, Zdeněk (advisor)
This bachelor thesis is engaged in stock selection to portfolio with the help of technical analysis. In accordance with this aim the whole thesis is being structured, while at the beginning there are theoretical resources concerning exchange system mentioned, as well as basic methodology of technical analysis. These methods are further transferred into practical examples in the second part. This thesis thus describes possibilities of technical analysis in conditions of capital markets.
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Company Financing via Initial Public Offering
Kovář, Jakub ; Ptáček,, Roman (referee) ; Meluzín, Tomáš (advisor)
Subject of this thesis is initial public offering and it’s main goal is describing of obtaining external funds for company’s funding. In the first part of the thesis is description of basic structure of financial markets, especially stock markets. The term IPO and it’s advantages and disadvantages are described. The last part is focused on individual steps of IPO realization. This thesis is focused on evaluation of chosen company’s entry on stock market. Especially macro-economic presumptions for IPO, readiness of chosen company and choice of suitable market are evaluated.
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Fundamental Analysis of Selected Stocks
Stejskalová, Lenka ; Procházka, Roman (referee) ; Sojka, Zdeněk (advisor)
Diploma thesis deals with the determination of the intrinsic value of Philip Morris ČR a.s. shares using methods of fundamental stock analysis. The theoretical part is focused on clarifying the basic concepts and methods that relate to this issue and will be used in the processing of the following parts. The analytical part contains fundamental stock analysis compiled on macroeconomic, branch and corporate level. The proposal part focuses on the application of selected methods to quantify the intrinsic value of shares, including the subsequent recommendation for investors.
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