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Specifics of commodity companies valuation
Beneš, Martin ; Veselá, Jitka (advisor) ; Musílek, Petr (referee)
The principal aim of the thesis is to describe the functioning of commodity markets, especially on the example of oil, to analyze the specifics of selected commodity companies, to determine the influence of these characteristics on the valuation of these selected commodities and to identify the possibility of usage of the methods for valuation of other commodity companies.
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The role of Managed Futures in investment portfolio management
Tomčiak, Boris ; Musílek, Petr (advisor) ; Witzany, Jiří (referee)
This thesis is focused on Managed Futures, which is one of alternative investment instruments. Even though its popularity in developed countries rises, it is a rarity in Czech financial market. The main intent is to clarify specifications, historical roots, legal framework and other characteristic aspects. Part of the work will be devoted to the analysis of performance, risk, correlation with other investments and the possibility of inclusion in a portfolio of experienced Czech investor.
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Speculation on Commodity Markets
Drnková, Lucie ; Drozen, František (advisor) ; Radová, Jarmila (referee)
The objective of the bachelor thesis is to describe the main principles of trading in commodities focused on speculative trading. Attention is especially paid to commodity spreads. The bachelor thesis is divided into three parts. The first part contains basic information about trading in commodities. The second part is concerned with a detailed characteristic of commodity spreads. The final and the most important part deals with building of my own trading spread strategy. In the closing part functionality and accomplishments of my trading system are proved apart from other facts. Everything is accompanied by my own obtained trading results.
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Gold market analysis and the influence of commodities on portfolio diversification
Kováč, Jakub ; Musílek, Petr (advisor) ; Vorek, Marián (referee)
The objective of the Diploma Thesis entitled Gold market analysis and the influence of commodities on portfolio diversification is to provide an insight to commodities as an investment asset class. This goal is tackled by the first and the second chapter. The first chapter provides theoretical support for commodities as a distinct asset, whereas the second chapter is focused on investors opportunities to obtain economic exposure to commodity assets on current financial markets. When introducing the commodity products, main focus is set on the gold market. The second objective of the Diploma Thesis is to analyze the gold market and gold added value for the investors. The structure of both supply and demand for gold is analyzed. Demand and supply are identified as the main gold price drivers. The thesis confirms that the main added value of gold as an asset lies in its addition to a portfolio of capital assets. Gold significantly improves diversification of the portfolio, protects the portfolio from inflation as well as from the economic event risk. On the contrary, in comparison to capital assets gold is not an perspective stand alone investment. The last objective of the thesis is to analyze the diversification potential of commodity indexes within a portfolio context. The last chapter is devoted to this objective. The chapter introduces commodity indexes as an investible product and analyses the influence of a selected commodity index being added to a portfolio of capital assets on the efficient investment frontier. It is shown that not only is the commodity index not a good diversification tool but the investors would be better off by selling it short.
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Trading on Commodity Markets
Musilová, Miroslava ; Kovář, František (advisor) ; Votava, Libor (referee)
The bachelor thesis refers to trading on a commodity exchange and its possibilities. The work is divided into two parts. The theoretical section relates to ways of trading, principles, rules, legislation, exchange types. The practical section is based on the graphic analysis of a few trade transactions showing their strategies and explaining individual indicators of technical analyses needed for their realization. The closing part of this thesis is concerned with the qualities, skills, know-how which can be useful to trading on commodity markets.
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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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Commodities - Why and how to invest into them
Krišlo, Michal ; Drozen, František (advisor) ; Filipová, Vladimíra (referee)
First part is focused on general characteristics of commodities and fundamentals influencing the price of commodities. Second practical part offers some considerations about coming development of several asset classes from the view of individual investor and at the same time offers several financial instruments which are suitable for investing into commodities. The final part contains evaluation of debated conclusions with emphasis on their recency.
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Commodity Derivatives
Hampejs, Michal ; Málek, Jiří (advisor) ; Witzany, Jiří (referee)
The purpose of this thesis is to examine the use of commodity derivatives in the oil market. The thesis itself is divided into two main parts - theoretical and practical. The theoretical part is mainly focusing on the description of commodity derivatives in the oil market and the explanation of the mechanism of most often used derivative contracts. The second and more practical part of the thesis examine the use of these derivatives and all benefits and risks associated with trading in commodity derivatives. The potential threats arising from using derivatives as oil market contracts are explained on the example of corporate trading strategy of Matallgesellschaft AG.
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Využití technické analýzy na komoditních trzích
Gol, Martin ; Marek, Petr (advisor) ; Makovec, Martin (referee)
diplomová práce s názvem ?Využití technické analýzy na komoditních trzích? se snaží prokázat možnost využití technické analýzy jako samostatného analytického přístupu, na jehož základě by se nechalo obchodovat se ziskem. V první části se zaměřuje na stručný popis jednotlivých analytických přístupů. V následujících částech analyzuje již samotnou technickou analýzu a jednotlivé přístupy, resp. technické indikátory či formace. V poslední části pak testuje vybrané zástupce technických indikátorů na burzovních datech a vyhodnocuje jejich možné využití pro praxi.
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