Ověření hypotézy efektivních trhů na BCPP

Abstract

The aim of the diploma thesis is to verify the hypothesis of efficient markets on selected stocks, which are listed on the Prague Stock Exchange, based on the assessment of the prediction of the fair value of the stock in correlation with its actual development.A partial goal of the work is to evaluate the ability of individual analytical companies to predict fair value. The second partial goal of the work is to evaluate the correlation between the change in price at the time of issuing two purchase recommendations of the same company and the same stock with a change in the estimated fair value of the stock for the recommendations. The third sub-objective is to assess the market reaction of the first three after the issuance of a separate buy and sell recommendation.