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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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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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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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Portfolio Optimization
Šilarová, Hana ; Karlíková, Jana (referee) ; Novotná, Veronika (advisor)
This master’s thesis deals with problematics of portfolio theory, which helps to create optimal portfolios for the selected investment company. Portfolios consist of shares, which are traded on New York Stock Exchange and which include a historical value at least for two years. There are two ways of creating portfolios. The first way is the portfolio with minimal risk and no required return and the second way is the portfolio with minimal risk and required return. In this thesis are used mathematical methods, which include a linear algebra, an optimization and a statistics.
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Project of the photovoltaic system
Ševčíková, Kateřina ; Půčková, Helena (referee) ; Kotlík, Josef (advisor)
The diploma thesis deals with elaboration of project solar thermal and photovoltaic solar systems for all-season service. The theoretical part focuses on the general description of the solar thermal and photovoltaic systems, legislation of renewable sources in the Czech Republic and the status of photovoltaics in the Czech Republic. The experimental part deals with the design of measures for energy saving by using solar energy systems. These measures are proposed for construction of houses in Podolí u Brna, especially on extra-family house. The aim of the work is to make a proportioning, choosing the right parts and calculating the economic and ecologic balance. Finally, thesis gives recommendations for further action in saving energy in houses in Podolí u Brna.
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Financial Investment of the Company
Prachař, Kamil ; Podivinská, Simona (referee) ; Rejnuš, Oldřich (advisor)
Diploma thesis deals with analysis of investment opportunities in the capital markets. The aim of this thesis is to devise an appropriate investment strategy and financial investment of the company in the capital markets given to the current economic situation. This thesis takes into account the concrete requirements defined by investor.
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Securities portfolio optimization
Pinkava, Ondřej ; Bartošek, Vladimír (referee) ; Sojka, Zdeněk (advisor)
This dissertation deals with the securities portfolio optimization. After introducing the definitions, I try to explain the particular investment instruments with regard to returns and risks. The following part provides a theory which tells more about different market risks and returns on the final securities portfolio. Concerning these models the effective portfolio has been set up.
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Evaluation of the Financial Situation in the Firm and Proposals to its Improvement
Dundáčková, Monika ; Štěnička, Miroslav (referee) ; Žižlavský, Ondřej (advisor)
This thesis is aimed on evaluation of the financial situation of a concrete company. In the first part, there is a profile of the company, and a basic performance analysis of internal and external factors which influence the company. The second part of thesis is an explanation of financial analysis, the principles of which are applied. In the third part, data gathered about the company is analysed and compared with a competitor. The final part of the work describes proposals to improve the financial situation of the analysed company.
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Proposal and Valuation of the Investment Project
Vodrážka, Vojtěch ; Jelínková, Jana (referee) ; Vítková, Eva (advisor)
This diploma thesis analyses project of investment apartment building and aims to study feasibility of business intent. At the opening of theoretical part there are investment projects characterized and further defined single parts of feasibility study, which is extended by description of possible ways of financing. Content of practical part is already design of the investment project which includes its location and technical solution, following in further chapters are market analysis and related key outputs of marketing strategy, included is also financial analysis and assessment of economical effectiveness. At the ending of thesis the risk analysis is made and preventive measures explained.
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Influence of heating water temperature on efficiency of heating system
Hliboký, Samuel ; Poláčik, Ján (referee) ; Pospíšil, Jiří (advisor)
The content of this bachelor thesis is to describe ways of increasing efficiency of heating in a family house. Thesis is divided into theoretical and practical part. The theoretical part is dealing with principle of function of gas boilers and ways of decreasing the temperature of water in heating system. The practical part of thesis includes economic-technical evaluation of replacement of standard gas boiler by condensing boiler, based on return of investment.
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