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Stock Exchanges in the Czech Republic and in Some of Other EU Member Countries
FIALA, Jakub
The bachelor thesis titled The Stock Exchange Market in the Czech Republic and Selected EU Member States deals with the establishment and development of the capital market in the Czech Republic, Hungary and the United Kingdom. The main objective of the thesis is to evaluate the development of stock exchange indicators in 2006 and a few more years in the past. The theoretical part, explaining the basic concepts, is followed by the presentation of the main stock exchange index for the stock market and bond market respectively, on each of the stock exchanges separately. Subsequently, all the indexes were mutually compared. Efficiency, liquidity and the risk level were examined on all the individual markets separately. The comparison of all the indicators and outcomes resulted in a clear conclusion that the London Stock Exchange is the most developed among the currently compared ones, belonging to the group of the world{\crq}s major stock exchanges. Both stock exchanges from the Central European region should, in theoretical terms, have similar results. However, the reality is different. As regards the volumes of trades, in this case, a larger volume in 2006 was traded on the Prague Stock Exchange. However, if we look at the results of the other indicators, the Budapest Stock Exchange achieved better figures in almost all the other cases.
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Investment in stock from the point of view of a small beginner investor
Junger, Jiří ; Marek, Petr (advisor) ; Makovec, Martin (referee)
The purpose of this Bachelor Thesis is to check the possibilities of investing in stock in the Czech capital market from the point of view of a small beginner investor. The Thesis in its first theoretical part describes capital market, its characteristics and important terms in this area. Next part is focused above all on characteristics of the investment itself. Advantages, disadvantages and risks connected with investment in stock are described and explained here. The third part is practical. In this part three different investment portfolios are gradually compiled. These portfolios stem from the methods mentioned in the second chapter and the profits, which each portfolio would have brought in 2009, are always counted. In the final part pieces of knowledge obtained in the practical part are summarized and the investment as a whole is evaluated.
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Current possibilites of online trading on stock exchanges
Koníček, Tomáš ; Votava, Libor (advisor) ; Diviš, Roman (referee)
The aim of the Bachelor thesis is to clarify which investment attributes are important to retail investor during his process of choosing brokerage provider. Theoretical part of the thesis introduces brief history of investing, primarly shares investing, and also tries to clarify motivation factors of people who decide to invest. Practical part compares current situation of online brokerage houses in Czech Republic, then it deals with defining model investors based on outcome of research done by brokerjet České spořitelny, a.s. on its customer base.
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Analysis of Stock Exchange Data to UI Methods
Kutina, Michal ; Jelínek, Jiří (advisor) ; Dvořák, Pavel (referee)
The graduation thesis "Analysis of stock-exchange data using AI methods" is focused on the use of neural networks while predicating the exchange-rate movements on Change. The theoretical part is divided into three independent units. The Change matters and the related individual terms are described in the first part. In the second part, the two basic approaches to the stock-exchange data analysis are analyzed, these two approaches being the fundamental and technical analysis. The third, and the last, theoretical part forms an individual unit describing the Artificial Intelligence theory. Particularly the issue of the neuronal networks is described in detail. The practical part seeks the use for the chosen neuronal network GAME. It analyses the chosen YMZ9 market. It focuses on the prediction of the exchange-rate movements using the "sliding window" method. The last chapter summarizes the results and it proves that under certain circumstances it is possible to properly use the neuronal networks both for the prediction of the stock-exchange movements and as one of the corner-stones of the profitable trading system.
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Investments in selected commodities
Pecha, Martin ; Drozen, František (advisor) ; Filipová, Vladimíra (referee)
The goal of this bachelor thesis is to analyse selected commodities being as follows: Crude oil, Gold and Coffee. I tried to make a go of showing readers, potential traders how to invest in the above mentioned commodities in regard to risk. The thesis is made up of three chapters. First one introduces the readers to commodity exchange issues paying attention to trading those commodities, commodity exchanges, commodity investment tools, a typology of commodity traders and other particulars expanding on the given field. Second one is geared towards an analysis of the above stated commodities in today's globalized world and depicts how specifically to purchase or sell these commodities. At last, I shall sum up existing pieces of knowledge and state premisis to be fulfilled in order for the traders to be at least a little successful at commodity trading.
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The Online trading of commodities
Beránek, Jiří ; Sedláček, Jiří (advisor) ; Michálek, Libor (referee)
The bachelor thesis has goals to analyze the possibilities of online commodities trading and presents the methods how to trade electronically with a profit. The main topic is an intraday trading, which can be only executed online effectively. The bachelor thesis is divided in three parts. The first part contains the history and reasons of the futures contract's origin, the present keystones of electronic and floor (pit) exchange systems and their trends. The first part contains basic terms, which are necessary for a orientation in the commodities markets. The second part is concern on technical analysis. All mentioned facts are presented on real data. The third part is the most important. It concerns on the building of own trading system and money management. Except general amenable techniques the author presents own trading system and he backs all up with own trading results, detailed analyses and experience.
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Analysis of interconnection of selected European stock markets and their tendency towards integration
Polák, Michal ; Veselá, Jitka (advisor)
This article compares the stock exchanges in Vienna, Budapest, Frankfurt and Milan. It settles basic information about their development, the subject of exchange and the classification of market segments. This work also characterizes the trade system of each of the stock exchanges and the liquidity of spot market, with particular emphasis on stock market. A part of this analysis is the comparison of markets based on aspects such as market capitalization, trade volume or the quantity of trade. Last chapter is devoted to the interconnection of stock markets, which is explored by the means of correlation coefficient among different indexes. These indexes show a strong link of the markets and through splitting the timeframe into periods of (2000-2004 - before Hungary's EU entry and after - 2004-2009), a stronger correlation was discovered during the period of index growth (after the Hungary's EU entry). By creating a more autoregressive model VAR, which describes individual processes among stock indexes and the direction of dependency, the hypothesis of strong interconnection of stock markets was proven. VAR model verified one-sided reliance among indexes and the rising level of integration of world markets.
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The circumstances of speculative bubbles presence in financial markets
Ševčík, Michal ; Veselá, Jitka (advisor)
This bachelor thesis is focused on financial crises arisen throughout economic history. It explains the term of financial crisis, speculative bubble, and it presents chosen models of financial crises, which can be identified within concrete historical cases analyzed in the first two chapters. Theoretical approaches to the circumstances of speculative bubbles presence are part of the final section of this work, where the main roles play the rationality and irrationality of an individual, crowd, and market and psychological factors as well. At the end, a possible usefulness is mentioned contrary to the events of the first two chapters.
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Comparison of Prague Stock Exchange and Ljubljana Stock Exchange
Pankratzová, Jana ; Veselá, Jitka (advisor)
Capital markets are an important part of every free market economy. After the transformation from a centrally planned economy to a free market economy, capital markets were founded and re-established in many central and eastern European countries. The Czech Republic and Slovenia belong among those countries. The main aim of this thesis is to characterize and compare the Prague Stock Exchange and Ljubljana Stock Exchange in various terms. Those terms include the history of both exchanges, the organization, principles and conditions of membership, ways of trading, market segmentation, exchange indices and other statistics.
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