Texts
Fundamental analysis – introduction
... and then assess opportunities within the sector (sector analysis) and the overall market (global analysis).
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
https://www.wienerborse.at/en/knowledge/analysis-and-strategies/fundamental-analysis/
Business and market cycles
... other factors. The stock market is driven by the economy but does not necessarily move in tandem with it.
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Economics
... in the bond market, particularly when the bond market is sensitive to developments in the real estate market.
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
https://www.wienerborse.at/en/knowledge/analysis-and-strategies/fundamental-analysis/economics/
Market-based business valuation
... sheet, the book value per share is calculated as EUR 10.21. This results in a price-to-book ratio of 4.17.
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Key performance indicators
... investors and creditors, to assess financial stability and capital structure. Example: debt ratio
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Cash flow statement
... debt holders, is determined. This is subsequently discounted using the Weighted Average Cost of Capital (WACC).
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Earnings-based business valuation
... beginning of the valuation period, which subsequently declines at a linear rate until a normal rate is reached.
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Business valuation
... This refers to earnings before interest and taxes EBT (earnings before taxes) Earnings before taxes
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Fundamental trading strategies – definition & criteria
... enhancing portfolio performance. It also considers value investing and discuss the Warren Buffett method.
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Selected strategies
... points, zero or one indicates a sell signal. Two points are neutral and leave the current score unchanged.
Author Dr. ther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Portfolio optimization options
... following types are suitable for this purpose:
Discount certificates Equity-linked bonds Bonus certificates
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
Value investing
... efficiency. Therefore, active value investing stands in direct opposition to the efficient market hypothesis.
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU
The Warren Buffett method
... expenses High net margin of more than 20% High operating cash flow High growth rate of retained earnings
Author Günther Kornfellner, CFA, CAIA Derivate Trader, Bybit EU