Beta Coefficient and Fundamental Strength in Companies Listed on the Warsaw Stock Exchange

Waldemar Tarczyński () and Małgorzata Tarczyńska-Łuniewska ()
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Waldemar Tarczyński: Institute of Finance, University of Szczecin
Małgorzata Tarczyńska-Łuniewska: Institute of Econometrics and Statistics, University of Szczecin

Chapter Chapter 17 in Effective Investments on Capital Markets, 2019, pp 239-256 from Springer

Abstract: Abstract In the literature, the beta factor is regarded as a risk measure. It is calculated using the classic Sharpe model. The purpose of the paper is to examine the relationship between the beta coefficient and the fundamental strength index (FPI) for selected companies listed on the Warsaw Stock Exchange. The database of companies included in the survey consisted of companies included in the WIG20 stock exchange index at the end of 2006 and 2010. On that basis, it was established whether the beta coefficient affects the economic and financial standing of a company and should be used as a risk measure in stock exchange analyses. The study covered the years 2006–2010 on a quarterly basis and used economic and financial data published by Notoria Service.

Keywords: Fundamental analysis; Stock exchange; Fundamental power indicator (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-21274-2_17

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DOI: 10.1007/978-3-030-21274-2_17

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