Korelacje stóp zwrotów z akcji notowanych na GPW SA w kontekście budowy portfela papierów wartościowych
The Correlation of the Rates of Return of Shares Listed on Warsaw Stock Exchange in the Context of the Construction of the Investment Portfolio

Summary/Abstract: Investors taking decisions on financial involvement in the capital market use for this purpose different methods. The most popular are the technical, fundamental and portfolio analysis. The first one uses stock quotes, charts and various indicators. Fundamental analysis is associated with the assessment of „foundations” of the company and its economic condition and market position. The third of these analyzes is focused on the selection of assets using quantitative tools. The key issue is the analysis of the share income and risk. Portfolio theory assumes that in order to reduce the risk of a portfolio it should be constructed so that the correlation between the rates of return was negative. The aim of this study is to analyze the correlation coefficients occurring between the returns of the companies listed in the WIG20 and analysis of the correlation between the rates of return sectoral indices in the period from June 2015 to June 2016 years.

• Details
• Contents