Šťavíková, V. Investment portfolio and its creation. Diploma thesis. Brno, 2015 This diploma thesis focuses on creation of an investment portfolio using the Markowitz theory. The matters of building a portfolio and portfolio management are described in the first part of the thesis. Subsequently, the operation of the Prague Stock Exchange with a particular focus on the stock market is interpreted whereas the characteristics of considered shares is not omitted. This thesis further focuses on specifying the investment criteria. The next part contains the application of the portfolio theory itself where there are demonstrated the findings of the portfolio theory via assembled collections of financial assets.

The thesis deals with bubbles in financial markets, causes these bubbles and the ant model. The aim is to reveal the causes of bubbles in financial markets. Researched bubbles are dot-com, mortgages and crypto-currencies. In the first teoretical part are described the financial markets, investment instruments, theory of the business cycle, investment analysis and historical speculative bubbles. In the second practical part are identified the causes examined speculative bubbles. In the third part are summarized the results of the practical part.

The thesis characterize the international foreign exchange market Forex and systems used in the market for capital appreciation. In the first part is discussed why this market is so specific and how is trade. After that gradually resolves the issue of automated trading systems. The target is to declare important facts for creating the system. Of those, then practical part obtains data, where develops automated trading system step by step from the outset. The main target is to develop a system that can make a profit in real terms. All procedures are used as are used in practice. It is focused on creating landing rules, analysis, optimization, programming and special testing. The results then indicate the quality of the whole system. When the results are adequate, the system is trading in real terms and in real time. On this part already connected final part, and it is evaluate the results. Based on the success or failure are suggested additional recommendations for further utilization of the created system.

The aim of this thesis is the selection of suitable investments (shares) for a particular investor and the creation of an investment portfolio with the help of multiple-criteria decision analysis. The first part of the work summarizes the theoretical background of security portfolio creation, acquaints the reader with the concept of stocks and methods of analyzing equity instruments. It also provides an overview of the functioning of the capital markets generally and specifically in the Czech Republic. The second part focuses on the approaches and procedures for solving decision-making problems. Methodological apparatus includes systems analysis, linear optimization and multi-criteria decision making methods. The third part of the thesis concentrates on the application of this methods for the formation of the investment portfolio in the presence of multiple criteria. Most important ratios of the stock market and the magic triangle return, risk and liquidity are reflected in equities choice. Stock selection is carried out by using models of multi-criteria evaluation of alternatives in two rounds and portfolio composition is determined by the classical model of linear programming. As a result, investor gets a recommendation for his portfolio, which contains a number of shares of selected companies on the Czech market. This procedure of creating the portfolio can be used by individual investors, financial advisors and brokers and complement their knowledge, experience and intuition.

The aim of this diploma thesis is to do a fundamental analysis of selected stock title. The main part of thesis is the implementation of the theoretical experience in global, sectoral and corporate analysis. It will be determined intrinsic value of shares of company Philip Morris CR, Inc. In first will be calculated three input that are needed for further calculations. The second step is the calculation of the intrinsic value of the shares of several models. The chosen methods are single-step dividend discount model, Free Cash Flow to Equity and two historical models. Finally, it will be proposed investment recommendations based on the comparison of the actual values based on market prices.

This diploma thesis aims at assessing stock market efficiency using seventeen shares and stock index S&P 500 which represents whole market. Selected shares were traded using several tools from technical analysis from 2012 to 2016. Trading is based on buy / sell signals. These signals were generated by 38 automatic trading strategies, created from crossing rates and sliding averages, by crossing two different sliding averages and based on technical indicators MACD, RSD and Momentum. Theoretical part of this work is dedicated to capital market, stock market efficiency assessment, shares and different types of analysis, mainly to technical. Results of stock market efficiency assessment of finances when trading all tested strategies can be found in the practical part. Random movements of rates were proven, this implies that market is slightly effective. Best trading strategy cannot be determined, because there are too many factors influencing results. Passive strategy achieved better profit. According to complete average results, MACD a 50+200EMA has highest success rate. Least appropriate strategies were MACD+SL and RSI_30+70_2. The worst shares for active trading were EBS and MRK, best LCI, ABC and VRX.

The aim of this work is to compare the rentability and risk of the shares and to find out which strategy would be the best to use to evaluate the money invested into selected companies from chosen branches of Paris stock exchange. The introduction of this work briefly describes the history, recent state and description of financial markets. In Czech conditions, this market is not suitable for similar comparison and analysis, therefore the analytic part of this work concentrates only on French stock exchange. Several statistic indicators are used for possible analysis of lucrativeness and risk rate (standard deviation, coefficient alpha, coefficient beta, variation coefficient), range of historical dates from the internet and other information. Historical dates, statistical markers, analysis and tests were used to establish and compare strategies used in investment in Paris stock exchange. Also used in the work are the findings of Czech and foreign authors who deal with the question. The aim of the practical part of this work is to put to use the theoretical knowledge and to find out which branches are best to invest into and vice-versa and which strategy to choose in order to make the most money or to loose as little money as possible.

The target of this thesis was to compare revenues and risks from the investing into shares of 40 chosen companies from 6 branches of Paris Stock Exchange. This stock was chosen because of there are not so developed conditions to confirm or contradict such type of methods in Czech Republic. I have applied the most often used methods like fundamental and technical analysis. I have also tried the practicability of the theory of effectiveness and tried to affirm the truth or false of this method.

theme of dissertation {\clq}qInvestment by internet{\crq}q is focused on the new method of investment. The topic is an innovation in the internet banking sphere. Four bank institutions offer the investment by internet nowadays. The goal of the dissertation is to analyse the new investment. Theoretical part describes electronic banking development, legal amendment, security and possibilities of investment. Further on it defines advantages and disadvantages of practical use of investment by internet. The second part of dissertation is focused on the practice. It includes the real study, comparison of investment bank institutions' possibilities and real investment example. Here I tried the on-line investment myself.

Legal and Economic Aspects of Initial Public Offering (Neumahr, D.) Abstract This diploma thesis deals with initial public offering (IPO) of shares from both legal and economic perspective. The thesis is divided into three basic parts. The goal of the first part is to explain the process of IPO, its development and each institution related to the topic. Followed by part which is dedicated to legal framework in the European Union and each phase of the process is described from the viewpoint of Czech law. Second part aims to clarify basic economic advantages as well as disadvantages of initial public offering concerning the company and propose possible alternatives. Final part seeks to provide a case study of the process on the Czech and the American capital market. The purpose of my thesis was to explain what an initial public offering is, what are its upsides and downsides and describe in detail the whole process which companies have to undergo before they can publicly offer their shares and before they are admitted to the capital market. Throughout the thesis I examine the development of European law regarding IPO and I marginally try to compare it to American law. In the final case studies, concrete steps during the entire process are demonstrated on the examples of practice.