Profitability Ratios in the Stock Selection Process on the Warsaw Stock Exchange. Analysis between 2001 and 2011.
Profitability Ratios in the Stock Selection Process on the Warsaw Stock Exchange. Analysis between 2001 and 2011.

Author(s): Tomasz Węgrzyn
Subject(s): Economic history, Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: financial ratios; stock selection; synthetic measure of development;
Summary/Abstract: The process of a portfolio optimisation is preceded by a stock selection. The article is concentrated on using the synthetic measure of development in the stock selection process. The synthetic measure of development proposed by Hellwig (Hellwig,1968) is one of the methods of linear arrangement. It enables the classification of companies in relation to the set variables. In case of the paper the set variables are financial ratios.

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