Performance of Textile and Apparel Companies Listed on the Warsaw Stock Exchange
Journal Title: Fibres and Textiles in Eastern Europe - Year 2018, Vol 26, Issue 6
Abstract
The article presents the performance of textile and apparel companies listed on the Polish stock exchange from the market perspective based on a sample of financial data. The data are used to compute systematic risk measures (betas) for two different time intervals, to evaluate the risk of an equally weighted portfolio made up of the selected companies and to compare the portfolio’s Sharpe ratio with the broad market index and small companies’ index. To compare the selected companies’ stocks with the whole economy and non-public companies, DuPont analysis is employed. The research results indicate that the listed textile and apparel companies outperform non-public companies in terms of fundamental financial results as well as capital market investment results. The risk of individual stocks is usually relatively low. Also the portfolio of the selected companies has been found to have better investment properties compared with the general market and small stocks index in all years of analysis.<br/><br/>
Authors and Affiliations
Jerzy Gajdka, Tomasz Schabek
Keywords
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- EP ID EP386999
- DOI 10.5604/01.3001.0012.5161
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