| Issue |
SHS Web Conf.
Volume 129, 2021
The 21st International Scientific Conference Globalization and its Socio-Economic Consequences 2021
|
|
|---|---|---|
| Article Number | 03011 | |
| Number of page(s) | 9 | |
| Section | Financial Management and Financial Markets | |
| DOI | https://doi.org/10.1051/shsconf/202112903011 | |
| Published online | 16 December 2021 | |
Evaluation of selected capital market
1 Institute of Technology and Business in České Budějovice, School of Expertness and Valuation, Okružní 517/10, 37001 České Budějovice, Czech Republic
2 University of Žilina, The Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitná 8215/1, 01026 Žilina, Slovakia
* Corresponding author: horak@mail.vstecb.cz
Research background: Stock exchange trading is an activity carried out in order to achieve a profit. The oldest and largest market operator in the CR is the Prague Stock Exchange. The complex development of the market in a given period with regard to its development trends is monitored by means of the stock market index. The index of the Prague Stock Exchange is PX index.
Purpose of the article: The objective of the contribution is the evaluation of the development of the PX index in the years 2018-2020 and the prediction of its further development.
Methods: The data on the PX index were obtained from the official Prague Stock Exchange websites. The data are available for the period of 26 March 2018-31 March 2021. The processed data are analysed using neural networks, specifically the time series analysis. The opening price is used as a variable.
Findings & Value added: The research results show that the Czech market index has been relatively stable in the past, its values being around its initial value, 1,000 points. No major fluctuations were recorded, as the PX index included very stable firms. However, with the onset of the COVID-19 pandemic, there was a sharp decline caused by the effect of anti-pandemic measures on the economy. Currently, the Czech market index is expected to grow gradually and stabilize at around 1,000 points.
Key words: PX index; / neural networks; / capital market; / stock exchange
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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