Year of Graduation
Testing of Fundamental Analysis on the Russian Stock Market
In modern world it is difficult to overestimate the importance of investing. With the increase in financial literacy among the population, more people are becoming participants in the stock market while the popularity of bank deposits is gradually decreasing. Therefore, it is important to conduct research of various investment strategies both in developed and in emerging markets. One of the oldest approaches to investing is a fundamental analysis, based on an assessment of different fundamental indicators in order to assess the investment attractiveness of the company. The purpose of this work is to identify the most relevant factors that can influence the share price, and then build an investment portfolio based on these factors. The following fundamental factors will be covered in the work: Growth Rate, Profit Margin, Net debt / EBITDA and Cash Conversion Cycle.