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Testing of selected investment strategies
Hrmo, Michal ; Veselá, Jitka (advisor) ; Musílek, Petr (referee)
In my thesis I will try to compare the profitability of investment strategies based on the books of the eight famous financial gurus. I'll try to explain the process of selection of stocks to model portfolios, and describe its pitfalls and ideas hidden behind them.I will evaluate the performance of model portfolios under current market conditions based on observation of their development. I will try to clarify the trend observed in stocks moves not only in terms of the criteria of tested strategies, but also in terms of important company news that occurred at the time of observation. I will look on the chosen strategies from the short-term point of view, the observation will last several weeks. The outcome of my work should be my own scoring model for finding undervalued stocks based on chosen strategies and criteria that will appear to be successful within my own observation.
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The Examination of the Capital Market´s Efficiency and the Selection of Suitable Capital Strategy
SLÁDKOVÁ, Petra
In my diploma I analyzed the USA capital market. I concentrated on 5 representative branches of this market - the biotechnology, the food industry, the car industry, the mining and the finances. 12 companies, which quote their share of stocks in the american capital market, were choosed. I tested the efficiency of this capital market and tried to establish the rate of this market´s efficiency. Later the best strategy was added to the rate of capital market´s efficiency. I counted the average decree, the standard deviation, the variation coefficient, the {$\alpha$} coefficient and {$\beta$} coefficient at the choosed share of stocks. I accomplished the correlative and the runs testing, which were supposed to certify the efficiency of market. The certain anomalies as The Day of the Week Effect, The January Effect and The Size Effect were investigated in more detail. Further I was considering if either the active or the passive strategy should have been used. I concluded that the active strategy is better for investors in times of the financial crisis. I also analyzed P/E ratio at choosed companies. The performated testing shows that the american market of shares is effective, it has the form of low efficiency peak-form efficient markets hypothesis.
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Assessment of the effectiveness of capital market and choosing the appropriate investment strategy
ŠTEGEROVÁ, Petra
The principal objective of this work is to test the efficiency of the U.S. capital market and to specify the degree of this effectiveness and then to find out the optimal strategy to evaluate the money invested into selected companies. At first there is theory description - the basic classification of securities, explication of the notion of efficiency of capital market, the methods of test the efficiency, several statistic indicators of the capital market like return average, standard deviation or coefficients of the capital market. Following this theoretical base there is create an analyse of one of the most popular capital markets in American index S&P 500 and of its sectors and some securities. Historical dates of years 2003 - 2008 are analysed and on the basis of results there are propositions which strategy to choose. There wasn't directly confirmed effectiveness of U.S. capital market in this work. So there was a possibility to choose an investment strategy to get an above-average return. The results were very influenced by the crisis since 2007.
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The yield, risk and liquidity of investment options
KRÁLOVÁ, Andrea
The topic of my diploma thesis is {\clqq}The yield, risk and liquidity of investment options{\crqq}. In the introductory part of this thesis, I define the concept of investment. Furthermore, I deal with the financial market theory and with the characteristics of the subsegments which work within this market. I also define securities, their types and specifics. The next part of the thesis is aimed at the investment strategy which should help an investor to proceed reasonably while investing. Herein, I focused on the rules of the magic triangle and on the definition of the yield, risk and liquidity. I mention the theory of the investment portfolio as well. This is followed by the description of the selected investment options divided into subchapters about individual and collective investments; this being the selection of only the most important investment instruments one can use both in the money market and in the stock market. In the rest of the thesis, I deal with the creating of an individual{\crq}s investment portfolio and with the comparison of the yield, risk and liquidity of the selected options.
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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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Czech Pension Funds´ Performance Analysis
Menčík, Tomáš ; Musílek, Petr (advisor) ; Paholok, Igor (referee)
This thesis aims to investigate pension funds'investment behavior in times of a capital markets crisis; to discuss actions taken and changes of an investment policy; and to point out legislative issues. Another topic is a discussion over the contribution of each investment tool to the portfolio performance, and a prediction of the investment policy of pension funds. An important part of this thesis is the analysis of the detailed portfolio of PF Stabilita. The outcome of this paper is not to predict a future developement of capital markets, although a broad prediction for each investment tool is made, but to investigate a reaction of pension funds to the 2008 capital markets turmoils.
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Osobní a rodinné finance
Contu, Viorel ; Smrčka, Luboš (advisor) ; Zámečník, Petr (referee)
Cílem bakalářské práce je získat přehled o systému plánování osobních a rodinních financí, investičních strategií a výběru vhodných finančních produktů. Jsou popsány dvě části finančního plánu: oblast pojištění rizik a oblast zhodnocení majetku. Pro každého časového horizontu osobních cílů je uvedená příslušní investiční strategie. Pro každou strategie jsou vymezeny určité produkty, které svými parametry umožňuji nejlépe splnit naše osobní a rodinné cíle.
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Unit Trust Evaluation in Light of Multiple-Criteria Decision Making
Kaňoková, Jana ; Kuncová, Martina (advisor) ; Fíglová, Zuzana (referee)
The target of this work is to evaluate the unit trusts in light of the multiple-criteria decision making. The unit trusts are divided into the groups according to the investor categories: unit trusts with conservative, balanced and aggressive portfolio. The unit trusts were lined up by the medium of the multiple-criteria decision making methods (PRIAM, ORESTE, MAPPAC) and it is also made an analysis why have each of the methods chosen the particular unit trust in the group as the best compromise variant.
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Strategie kvalifikovaného investora na trhu nemovitostí
Mareš, Jakub ; Revenda, Zbyněk (advisor) ; Kuzicová, Radmila (referee)
Tato práce se zabývá strategií investování do nemovitostí prostřednictvím speciálních fondů kvalifikovaných investorů. Analyzuje ekonomickou podstatu těchto investic a otázky související s jejich výnosností a rizikem. Dále specifikuje organizační uspořádání investičního procesu v zahraničí i v České republice a uvádí hlavní trendy investičního odvětví. V praktické části práce je vytvořena modelová investiční strategie nemovitostního fondu kvalifikovaných investorů, na kterou navazuje kapitola věnovaná vytváření plánu peněžních toků modelového fondu.
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