OPF:FIUNANIS Investment Instruments and Str - Course Information

FIUNANIS Investment Instruments and Strategies

Extent and Intensity

2/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Heryán, Ph.D. (lecturer)
Ing. Michaela Roubíčková, Ph.D. (lecturer)
Ing. Tomáš Heryán, Ph.D. (seminar tutor)
Ing. Michaela Roubíčková, Ph.D. (seminar tutor)

Guaranteed by

Ing. Michaela Roubíčková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina

Prerequisites

None

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Business Economics and Management (programme OPF, N_EKOMAN, specialization Corporate Finance)

Course objectives

The aim of the course is to provide students with the necessary knowledge in the issue of financial instruments as well as with using selected analytical methods. Theoretical background of fundamental, technical and psychological analysis will be provided and also selected financial derivatives will be described. In globalized world it is also necessary to understand differences between investing into bonds, stocks and commodities. Practically it will be provided basics within using econometrics in EViews software. Time series will be tested whether or not they are stationary, then it will be examined daily returns, correlation analysis and estimated regression models.

Syllabus

• Efficient market hypothesis and stock market analyses
  Theoretical assumptions of market efficiency introduces fundamental, technical as well as psychological analysis among capital markets. Students will gain knowledge to vary between these analyses. They will understand buying and selling signals according to moving averages and see differences between the global, sectoral an individual analysis of shares.
  Financial derivatives
  It will be described differences between financial futures, foreign exchange forwards, swaps and also option contracts. Students will gain knowledge where is the difference between short and long position of an investor, who has rights or obligation to sell or buy some kind of instrument and what types of exotic contracts we should differentiate. It is connected with counting of a few kinds of examples according to that issue, as well.
  Time series econometrics
  Students will be introduced to basics within financial econometrics within the seminars. It is computer based. Firstly, they will download real data from financial markets. Secondly they will import that into EViews software, where they will analyse these time series. Very briefly, it includes acceptation or rejection of null hypothesis whether or not the time series are affected by a unit root process. After calculating daily returns, correlation or cointegration analysis will take a place. Finally, they will gain knowledge about theoretical assumptions as well as about practical usage of regression analysis.
  Investing into commodities
  Variety of investment commodities is really wide nowadays. Therefore it should also be paid attention to that issue. Students will know investment characteristics and differences between selected commodity markets and why an investor would be interested in commodities when an investment portfolio is made.
  

Literature

required literature
• MIRABILE, K.R. Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance. New Jersey: John Wiley & Sons, 2016. ISBN 978-1-119-21035-1. info
• LAOPODIS, N.T. Understanding Investments: Theories and Strategies. Abingdon: Routledge, Tylor & Francis, 2013. ISBN 978-0-415-89162-2. info

recommended literature
• CAGAN, M. Investing 101: From Stocks and Bonds to ETFs and IPOs, an Essential Primer on Building a Profitable Portfolio. Avon: Adams Media, 2016. ISBN 978-1-4405-9513-4. info
• CAGAN, M. Stock Market 101: From Bull and Bear Markets to Dividends, Shares, and Margins ? Your Essential Guide to the Stock Market. Avon: Adams Media, 2016. ISBN 978-1-4405-9919-4. info
• KELLY, J. The Neatest Little Guide to Stock Market Investing. London: Penguin Books, 2012. ISBN 978-0-452-29862-0. info

Teaching methods

Skills demonstration
Seminar classes

Assessment methods

Credit

Language of instruction

English

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

Teacher's information

seminar paper (20%), ongoing test (10%), discussion (10%), final written test (60%)

Activity	Difficulty [h]
Ostatní studijní zátěž	47
Přednáška	26
Seminář	13
Zápočet	30
Summary	116

• Enrolment Statistics (recent)
  
• Permalink: https://is.slu.cz/course/opf/summer2019/FIUNANIS