Access restricted to students and staff of home institution
master's thesis
Efficiency of fundamental and technical analysis of investing in securities on capital market

Davor Sertić (2016)
Sveučilište Josipa Jurja Strossmayera u Osijeku
Ekonomski fakultet u Osijeku
Katedra za financije i računovodstvo
Metadata
TitleEfikasnost fundamentalne i tehničke analize u investiranju u vrijednosne papire na tržištu kapitala
AuthorDavor Sertić
Mentor(s)Dubravka Pekanov Starčević (thesis advisor)
Abstract
Tema ovog rada je analiza efikasnosti fundamentalne i tehničke analize prilikom investiranja u vrijednosne papire na tržištu kapitala. Kroz rad će se objasniti pojmovi financijskog sustava s posebnim naglaskom na tržište kapitala, njegove sudionike i instrumente te fundamentalna i tehnička analiza kao metode analize vrijednosnih papira. Tržište kapitala je mehanizam koji omogućuje prijenos sredstava od onih s financijskim viškom do onih s financijskim manjkom. Sudionici tržišta kapitala su: korisnici kapitala, investitori, posrednici i država. Korisnici kapitala su oni kojima je kapital potreban, dok su investitori oni koji imaju višak sredstava i spremni su ga plasirati u vrijednosne papire. Posrednici olakšavaju proces prijenosa sredstava od onih s financijskim viškom do onih s financijskim manjkom tako što povezuju investitore i korisnike kapitala. Investiranje u vrijednosne papire je vrlo rizično te zahtijeva detaljnu analizu prije donošenja odluka. Najpoznatije metode analize su fundamentalna i tehnička analiza. Fundamentalna analiza nastoji analizirati „temelje“ izdavatelja vrijednosnog papira koji bitno utječu na njezinu vrijednost. Na cijene vrijednosnih papira mogu utjecati mnogi faktori, kako unutrašnji tako i vanjski. Za fundamentalnu analizu ključni izvor podataka su financijski izvještaji tvrtke izdavatelja vrijednosnog papira koji se analizira. Tehnička analiza nastoji predvidjeti kretanje cijene vrijednosnog papira na temelju povijesnog kretanja cijene. Najčešće se koristi za procjenjivanje kratkoročnih kretanja cijena. Tehnički analitičari vrlo često koriste grafikone za prikaz kretanja cijene vrijednosnog papira. Radom je ustanovljeno kako je tehnička analiza vrlo vjerodostojan izvor u kratkom roku, dok fundamentalna analiza može biti vrlo koristan izvor informacija za dugi rok.
Keywordscapital market securities fundamental analysis technical analysis
Parallel title (English)Efficiency of fundamental and technical analysis of investing in securities on capital market
Committee MembersDubravka Pekanov Starčević (committee chairperson)
Ivana Fosić (committee member)
Boris Crnković (committee member)
GranterSveučilište Josipa Jurja Strossmayera u Osijeku
Ekonomski fakultet u Osijeku
Lower level organizational unitsKatedra za financije i računovodstvo
PlaceOsijek
StateCroatia
Scientific field, discipline, subdisciplineSOCIAL SCIENCES
Economics
Finance
Study programme typeuniversity
Study levelgraduate
Study programmeBusiness economy; specializations in: Business Informatics
Study specializationBusiness Informatics
Academic title abbreviationmag.oec.
Genremaster's thesis
Language Croatian
Defense date2016-09-29
Parallel abstract (English)
The topic of this Thesis is efficiency analysis of fundamental and technical analysis of securities that are traded on capital market. Throughout the work a terms of financial system with a particular focus on capital market, their participants, instruments and fundamental and technical analysis as a methods of security analysis will be explained. Capital market is mechanism which provides the transformation of funds from people with money surplus to people with money deficit. The participants on capital market are: borrowers, investors, brokers and government. Borrower is a person who needs money while investor is a person who has a money surplus and he wants’ to invest it on capital market. Brokers are simplifying the process of transformation of funds because they are connecting borrowers and investors. Investing in securities is very risky and demands detailed analysis before making decisions. The most known are fundamental and technical analysis. Fundamental analysis aims to analyze the “fundaments” of the issuer that can be relevant for the value of security. There are many factors that can affect security value. They can be external and they can be internal. The key sources of data for the fundamental analysis are financial statements. Technical analysis is using historical price movements to predict the future price. Mostly there are used for the short-term price movements. Technical analysts often use charts to present the price movement. In this work it was founded that technical analysis is very trustworthy in short term while fundamental analysis can be very useful source of information for the long term.
Parallel keywords (Croatian)tržište kapitala vrijednosni papiri fundamentalna analiza tehnička analiza
Resource typetext
Access conditionAccess restricted to students and staff of home institution
Terms of usehttp://rightsstatements.org/vocab/InC/1.0/
URN:NBNhttps://urn.nsk.hr/urn:nbn:hr:145:197327
CommitterGordana Kradijan