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Stock portfolios and market sentiment in the European Union
Horák, Roman
This diploma thesis captures the influence of selected sentiment indicators on stock prices in the European Union. The chosen period is set in years 2010-2020. Selected sentiment indicators are index of volatility VSTOXX and economic sentiment indicator. The effect was indicated using the CAPM model for portfolio valuation, correlation analysis, regression analysis and causality analysis. Recommendations for investors are formulated from the results of the analyzes.
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The use of CAPM to create a portfolio
Burianec, Dominik ; Pošta, Vít (advisor) ; Kulbakov, Nikolay (referee)
This thesis deals with the capital asset pricing model (CAPM). The first section describes the theoretical aspects of the model, assumptions and attributes. CAPM is widely used in the finance literature and can be used among all risky assets like stocks, bonds, real estate. The second part of the thesis is devoted to practical calculations, which are based on theoretical assumptions and the real data. There is calculated return and risk of quarterly held portfolio that is composed of the five most liquid securities traded on the Prague Stock Exchange
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Analysis of securities of selected branch on the Stock Exchange using the methods of technical and fundamental analysis
VOCHOZKOVÁ, Helena
The aim of this work was to analyze selected branch from the stock market through technical and fundamental analysis. The target is to formulate the most appropriate investment strategy for each sector. The starting point for selecting appropriate investment strategy is inefficient market hypothesis. Selection of the investment strategy, depend on the current economic situation. Based on given results, it is not recommended to use any of the strategies. However, it can propose a suitable investment portfolio. The selected investment portfolio is certainly dependent on many factors. Among these factors belongs the current economic situation and investor´s attitude to risk. Choosing an investment strategy is also influenced by the investor's own attitude to the theory of efficient markets. Investors will opt for active or passive investment strategy on the basis of their opinion.
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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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