Work detail

Predictability of stock returns using financial ratios in Prague Stock Exchange

Author: Bc. Jiří Brada
Year: 2015 - winter
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Work type: Bachelors
Language: Czech
Pages: 51
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/151850/
Abstract: This paper studies whether financial ratios can predict stock return and change of indexes PX and
PX-TR in Prague Stock Exchange for the period from 2008 to 2014. We select price to earnings
ratio (PE), market to book ratio (MB), dividend yield (DY) and size of the company (S) as the
explanatory variables because of its common application in investment practice. The obtained
results indicate that above mentioned ratios have some predictive power, where the PE and MB
ratios demonstrate the strongest relationship with the explained variables.
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