. . . . "Rate of Assets Returns Dynamics. Application for the Czech Republic"@en . . . "Odborn\u00FD p\u0159\u00EDnos je nesporn\u00FD, ostatn\u011B o tom vypov\u00EDd\u00E1 po\u010Det publikac\u00ED a \u00FA\u010Dast na konferenc\u00EDch s p\u0159ednesen\u00EDm p\u0159\u00EDsp\u011Bvk\u016F. Popis v\u00FDsledk\u016F je a\u017E p\u0159\u00EDli\u0161 detailn\u00ED, ale lze se v n\u011Bm vyznat. \u0158ada v\u00FDsledk\u016F je zaj\u00EDmav\u00E1 i pro praktiky operuj\u00EDc\u00ED na kapit\u00E1lov\u00E9m trhu, ale"@cs . . . "1"^^ . . . "30"^^ . "1"^^ . "Neuvedeno."@en . . "Dynamika v\u00FDnosnosti aktiv. Aplikace na \u010Deskou ekonomiku" . "30"^^ . . . . . "2008-05-19+02:00"^^ . "C\u00EDlem projektu je vytvo\u0159en\u00ED a testov\u00E1n\u00ED model\u016F pro predikaci v\u00FDnosnost\u00ED aktiv a predikaci devizov\u00E9ho kursu. Model CAPM a arbitr\u00E1\u017En\u00ED oce\u0148ov\u00E1n\u00ED aktiv je v\u00FDchoz\u00EDm bodem pro konstrukci tr\u017En\u00EDch a faktorov\u00FDch model\u016F. Modely pro predikaci v\u00FDnos\u016F, kter\u00E9 pou\u017E\u00EDvajmikroekonomick\u00FDch prom\u011Bnn\u00FDch, jako nap\u0159. price-earning ratio, jsou line\u00E1rn\u00ED rovnice se zpo\u017Ed\u011Bn\u00FDmi prom\u011Bnn\u00FDmi. Pro predikaci v\u00FDnosnost\u00ED aktiv skrze faktorov\u00E9 modely jsou nezbytn\u00E9 makroekonomick\u00E9 prom\u011Bnn\u00E9. P\u0159edpov\u011Bdi t\u011Bchto prom\u011Bnn\u00FDch mohou b\u00FDt z\u00EDsk\u00E1ny pou\u017Eit\u00EDm makroekonomick\u00FDch model\u016F. V r\u00E1mci \u0159e\u0161en\u00ED tohoto projektu budou provedeny n\u00E1sleduj\u00EDc\u00ED pr\u00E1ce : z\u00EDsk\u00E1n\u00ED dat z \u010Desk\u00E9ho kapit\u00E1lov\u00E9ho trhu a jejich vyhodnocen\u00ED, odhad tr\u017En\u00EDch model\u016F pro velk\u00E9 korporace v \u010Desk\u00E9 ekonomice, konstrukce faktorov\u00E9ho modelu pro PX 50 (nebo ostatn\u00ED indexy) a odhad parametr\u016F, vytvo\u0159en\u00ED jednoduch\u00E9ho makroekonomick\u00E9ho modelu pro predikaci makroekonomick\u00FDch prom\u011Bnn\u00FDch, vyu\u017Eit\u00ED p\u0159edpov\u011Bd\u011Bn\u00FDch hodnot PX 50 pro p\u0159edpov\u011B\u010F v\u00FDnosnost\u00ED akci\u00ED a obligac\u00ED velk\u00FDch korporac\u00ED na \u010Desk\u00E9m" . "GA402/00/0439" . "0"^^ . . "http://www.isvav.cz/projectDetail.do?rowId=GA402/00/0439"^^ . "The aim of the product is to perform and test models of prediction of assets returns and exchange rate. The CAPM and APT theory will be the starting point of construction of market and factor models. Models for prediction of asset returns which use micro-economic variables as for example price-earning ratio are linear equations with lagged variables. For prediction of asset returns via factor models predictions macroeconomic variables are necessary. These variables could be obtained using the macroeconomic models. In the framework of the project solution the following problems will be solved : data collection and data evaluation from Czech capital market, the estimation of market models for large corporations in Czech economy, construction offactor model for PX 50 (or other index) and estimation of the model, performance of simple macroeconomic model for prediction of macro-variables, using predictive values of PX 50 for prediction of common stock and corporate bond returns of selected"@en .