{"id":731577,"date":"2023-10-30T11:49:56","date_gmt":"2023-10-30T09:49:56","guid":{"rendered":"https:\/\/www.etoro.com\/?page_id=731577"},"modified":"2025-10-31T15:00:02","modified_gmt":"2025-10-31T13:00:02","slug":"fundamental-analysis","status":"publish","type":"page","link":"https:\/\/www.etoro.com\/cs-cz\/investing\/fundamental-analysis\/","title":{"rendered":"Fundament\u00e1ln\u00ed anal\u00fdza pro investov\u00e1n\u00ed"},"content":{"rendered":"\n

Kr\u00e1tkodob\u00e9 cenov\u00e9 v\u00fdkyvy na finan\u010dn\u00edch trz\u00edch jsou mnohdy nep\u0159edv\u00eddateln\u00e9, ale pou\u017eit\u00ed fundament\u00e1ln\u00ed anal\u00fdzy v\u00e1m m\u016f\u017ee pomoci vytvo\u0159it strategii, kterou \u0161um na trhu nerozhod\u00ed a kter\u00e1 se zam\u011b\u0159\u00ed na dosahov\u00e1n\u00ed dlouhodob\u00fdch v\u00fdnos\u016f. <\/p>\n\n\n\n

Zjist\u011bte, co je to fundament\u00e1ln\u00ed anal\u00fdza, pro\u010d je d\u016fle\u017eit\u00e1, pochopte rozd\u00edl mezi kvantitativn\u00ed a kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdzou a jak m\u016f\u017eete tyto anal\u00fdzy vyu\u017e\u00edt na finan\u010dn\u00edch trz\u00edch.<\/p>\n\n\n\n\n\n\n

\n\n\n\n

D\u00edky fundament\u00e1ln\u00ed anal\u00fdze lze l\u00e9pe p\u0159edv\u00eddat dlouhodob\u00e9 trendy pro jednotliv\u00e1 aktiva a sektory, ale i pro \u0161ir\u0161\u00ed finan\u010dn\u00ed trh. <\/p>\n\n\n\n

A\u0165 u\u017e se zab\u00fdv\u00e1te obchodov\u00e1n\u00edm s akciemi<\/a>, indexy<\/a>, komoditami<\/a>, forexem<\/a> nebo jak\u00fdmkoliv jin\u00fdm finan\u010dn\u00edm n\u00e1strojem, m\u016f\u017ee v\u00e1m pomoci identifikovat body, kdy je aktivum <\/strong>podhodnocen\u00e9<\/strong>, a cenu, kter\u00e9 by aktivum mohlo v budoucnu potenci\u00e1ln\u011b dos\u00e1hnout<\/strong>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Co je fundament\u00e1ln\u00ed anal\u00fdza?<\/h2>\n\n\n\n

C\u00edlem fundament\u00e1ln\u00ed anal\u00fdzy je stanovit <\/strong>spravedlivou tr\u017en\u00ed cenu<\/strong> ur\u010dit\u00e9ho aktiva.<\/strong> Tuto cenu n\u00e1sledn\u011b m\u016f\u017eete porovnat s aktu\u00e1ln\u00ed tr\u017en\u00ed cenou a podle toho p\u0159ijmout pat\u0159i\u010dn\u00e1 investi\u010dn\u00ed rozhodnut\u00ed.<\/p>\n\n\n\n

V r\u00e1mci fundament\u00e1ln\u00ed anal\u00fdzy budete vyu\u017e\u00edvat p\u0159edev\u0161\u00edm finan\u010dn\u00ed data dan\u00e9ho aktiva a r\u016fzn\u00e9 makroekonomick\u00e9 faktory<\/strong>. Mezi ty pat\u0159\u00ed nap\u0159\u00edklad inflace, nezam\u011bstnanost<\/a> a \u00farokov\u00e9 m\u00edry. Tyto faktory ovliv\u0148uj\u00ed ekonomickou aktivitu obecn\u011b a t\u00edm p\u00e1dem i ceny r\u016fzn\u00fdch aktiv.<\/p>\n\n\n\n

Pro\u010d je fundament\u00e1ln\u00ed anal\u00fdza pro investory d\u016fle\u017eit\u00e1?<\/h2>\n\n\n\n

S pomoc\u00ed fundament\u00e1ln\u00ed anal\u00fdzy m\u016f\u017eete l\u00e9pe ur\u010dit, zda je spr\u00e1vn\u00fd \u010das pro n\u00e1kup, prodej, nebo dr\u017een\u00ed <\/strong>pozice u dan\u00e9ho aktiva. <\/p>\n\n\n\n

Pokud se bav\u00edme o investov\u00e1n\u00ed do akci\u00ed<\/a>, fundament\u00e1ln\u00ed anal\u00fdza v\u00e1m umo\u017en\u00ed posoudit aktu\u00e1ln\u00ed finan\u010dn\u00ed zdrav\u00ed ur\u010dit\u00e9 spole\u010dnosti. Tyto informace pot\u00e9 m\u016f\u017eete vyu\u017e\u00edt k lep\u0161\u00edmu pochopen\u00ed jej\u00edho potenci\u00e1lu do budoucna. Ov\u0161em principy fundament\u00e1ln\u00ed anal\u00fdzy lze aplikovat na v\u0161echny <\/strong>t\u0159\u00eddy aktiv<\/strong><\/a>.<\/strong><\/p>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza obsahuje n\u00e1stroje, kter\u00e9 v\u00e1m pomohou vypo\u010d\u00edtat <\/strong>vnit\u0159n\u00ed hodnotu<\/strong><\/a> aktiva<\/strong>. S jejich pomoc\u00ed m\u016f\u017eete odhalit p\u0159\u00edpady, kdy je aktivum na trhu \u0161patn\u011b ocen\u011bno, nebo d\u016fvody, pro\u010d se jeho cena za\u010dala vyv\u00edjet t\u00edm \u010di on\u00edm sm\u011brem.<\/p>\n\n\n\n

\n

Kr\u00e1sa fundament\u00e1ln\u00ed anal\u00fdzy tkv\u00ed v tom, \u017ee s jej\u00ed pomoc\u00ed m\u016f\u017eete l\u00e9pe pochopit potenci\u00e1l v\u0161ech ve\u0159ejn\u011b obchodovan\u00fdch spole\u010dnost\u00ed.<\/p>\n<\/div>\n\n\n\n

Kvantitativn\u00ed a kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdza<\/h2>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza je pom\u011brn\u011b obecn\u00fd pojem. Vzhledem k \u0161irok\u00fdm mo\u017enostem vyu\u017eit\u00ed a mno\u017estv\u00ed faktor\u016f ji pro lep\u0161\u00ed p\u0159ehled za\u010dali n\u011bkte\u0159\u00ed analytici d\u011blit do dvou podkategori\u00ed<\/strong>.<\/p>\n\n\n\n

Kvantitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdza<\/h3>\n\n\n\n

Akciov\u00ed investo\u0159i pou\u017e\u00edvaj\u00ed kvantitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdzu k anal\u00fdze tvrd\u00fdch dat<\/strong>. Ta z\u00edsk\u00e1vaj\u00ed z r\u016fzn\u00fdch druh\u016f \u00fa\u010detn\u00edch v\u00fdkaz\u016f, jako jsou rozvahy<\/a>, v\u00fdkazy zisk\u016f a ztr\u00e1t a v\u00fdkazy o pen\u011b\u017en\u00edch toc\u00edch jednotliv\u00fdch spole\u010dnost\u00ed. Tato technika pom\u00e1h\u00e1 vyhodnotit trendy v p\u0159\u00edjmech, ziskovosti a pen\u011b\u017en\u00edch toc\u00edch spole\u010dnosti.<\/mark><\/p>\n\n\n\n

Kvantitativn\u00ed anal\u00fdza sice vyu\u017e\u00edv\u00e1 p\u0159esn\u011bj\u0161\u00ed \u00fadaje, ale podnikov\u00e9 \u00fa\u010detn\u00ed zpr\u00e1vy jsou zpo\u017ed\u011bn\u00fdm ukazatelem<\/strong> \u2013 popisuj\u00ed sp\u00ed\u0161e to, co se stalo, ne\u017e to, co by se mohlo st\u00e1t.<\/p>\n\n\n\n

<\/span>
\n

Tip: <\/strong>Kvalitn\u00ed broke\u0159i v\u00e1m poskytnout r\u016fzn\u00e9 n\u00e1stroje<\/a>, kter\u00e9 v\u00e1m anal\u00fdzu usnadn\u00ed. V\u011bnujte jim pozornost, kdy\u017e si vyb\u00edr\u00e1te, s k\u00fdm budete obchodovat.<\/p>\n<\/div><\/div>\n\n\n\n

Kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdza<\/h3>\n\n\n\n

Kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdza spo\u010d\u00edv\u00e1 v pou\u017eit\u00ed subjektivn\u00ed anal\u00fdzy p\u0159i rozhodov\u00e1n\u00ed o p\u0159\u00edpadn\u00e9m n\u00e1kupu akcie<\/strong>. Investor si nap\u0159\u00edklad m\u016f\u017ee v\u0161imnout, \u017ee spole\u010dnost t\u011b\u017e\u00ed ze zv\u00fd\u0161en\u00e9 popt\u00e1vky<\/a> z\u00e1kazn\u00edk\u016f, nebo \u017ee pr\u00e1v\u011b ozn\u00e1mila nov\u00fd, inovativn\u00ed produkt, kter\u00fd by j\u00ed mohl pomoci zv\u00fd\u0161it pod\u00edl na trhu.<\/p>\n\n\n\n

Zm\u011bny ve vyhl\u00eddk\u00e1ch spole\u010dnosti, kter\u00e9 jsou identifikov\u00e1ny pomoc\u00ed kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdzy, by se teoreticky m\u011bly nakonec prom\u00edtnout do v\u00fdkaz\u016f spole\u010dnosti jako zm\u011bny v jej\u00edch p\u0159\u00edjmech. Kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdza pom\u00e1h\u00e1 investor\u016fm rozpoznat p\u0159\u00edle\u017eitosti v\u010das<\/strong>, m\u00edsto aby \u010dekali, a\u017e se tyto zm\u011bny projev\u00ed v \u00fa\u010detn\u00edch v\u00fdkazech.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza akciov\u00e9ho trhu<\/h2>\n\n\n\n

Na akciov\u00fdch trz\u00edch je fundament\u00e1ln\u00ed anal\u00fdza o to jednodu\u0161\u0161\u00ed, \u017ee spole\u010dnosti k\u00f3tovan\u00e9 na jednotliv\u00fdch burz\u00e1ch<\/a> maj\u00ed obvykle povinnost pravideln\u011b zve\u0159ej\u0148ovat \u00fadaje o sv\u00e9m hospoda\u0159en\u00ed<\/strong>.<\/p>\n\n\n\n

Tato data najdete v \u00fa\u010detn\u00edch v\u00fdkazech<\/strong>, kde jsou jak souhrnn\u00e9 ukazatele, tak jednotliv\u00e9 podrobnosti. Kdy\u017e se dok\u00e1\u017eete pono\u0159it do \u00fa\u010detn\u00edch v\u00fdkaz\u016f dan\u00e9 spole\u010dnosti, mnoh\u00e9 v\u00e1m to napov\u00ed o tom, jestli se akcii vyplat\u00ed koupit, nebo rad\u011bji prodat.<\/p>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza akci\u00ed<\/h3>\n\n\n\n

Kr\u00e1sa fundament\u00e1ln\u00ed anal\u00fdzy tkv\u00ed v tom, \u017ee s jej\u00ed pomoc\u00ed m\u016f\u017eete l\u00e9pe pochopit potenci\u00e1l v\u0161ech ve\u0159ejn\u011b obchodovan\u00fdch spole\u010dnost\u00ed<\/strong>. A\u0165 u\u017e se zaj\u00edm\u00e1te o technologick\u00e9 giganty, jako je Apple<\/a>, nebo v\u00e1s zaj\u00edmaj\u00ed sp\u00ed\u0161 tradi\u010dn\u011bj\u0161\u00ed t\u011b\u017eebn\u00ed spole\u010dnosti a drah\u00e9 kovy, kter\u00e9 reprezentuje nap\u0159. Zijin Mining Group<\/a>, s fundament\u00e1ln\u00ed anal\u00fdzou z\u00edsk\u00e1te podrobn\u00fd pohled \u201edovnit\u0159\u201c dan\u00e9 spole\u010dnosti. <\/p>\n\n\n\n

Tyto spole\u010dnosti zve\u0159ej\u0148uj\u00ed sv\u00e9 \u00fa\u010detn\u00ed v\u00fdkazy, kter\u00e9 obsahuj\u00ed kl\u00ed\u010dov\u00e9 \u00fadaje<\/strong>, jako jsou celkov\u00e9 p\u0159\u00edjmy, v\u00fdplata dividend<\/a>, kapit\u00e1lov\u00e9 investice a pom\u011br dluhu k vlastn\u00edmu kapit\u00e1lu (debt-to-equity; D\/E).<\/p>\n\n\n\n

<\/span>
\n

Tip: <\/strong>Pro aktu\u00e1ln\u00ed p\u0159ehled pl\u00e1novan\u00fdch zve\u0159ejn\u011bn\u00ed v\u00fdsledk\u016f hospoda\u0159en\u00ed sledujte kalend\u00e1\u0159 zpr\u00e1v o v\u00fdsledc\u00edch hospoda\u0159en\u00ed<\/a>.<\/p>\n<\/div><\/div>\n\n\n\n

Srovn\u00e1n\u00edm \u00fadaj\u016f z rozvahy spole\u010dnosti s aktu\u00e1ln\u00ed tr\u017en\u00ed cenou akcie lze zjistit, zda je akcie podhodnocen\u00e1, nebo nadhodnocen\u00e1<\/strong>, a to v\u00fdpo\u010dtem pom\u011bru ceny a zisku (price-to-earnings; P\/E) a pom\u011brem ceny k \u00fa\u010detn\u00ed hodnot\u011b (price-to-book; P\/B).<\/p>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza index\u016f<\/h3>\n\n\n\n

Akciov\u00e9 indexy jsou n\u00e1stroje, kter\u00e9 tvo\u0159\u00ed ko\u0161 r\u016fzn\u00fdch akci\u00ed, kter\u00e9 obvykle p\u016fsob\u00ed v jednom regionu nebo v ur\u010dit\u00e9m sektoru. Shrnut\u00edm dat v\u0161ech spole\u010dnost\u00ed a pohledem na n\u011b jako na jeden celek m\u016f\u017eeme z\u00edskat obecn\u011bj\u0161\u00ed p\u0159edstavu o sm\u011b\u0159ov\u00e1n\u00ed cel\u00e9ho indexu a t\u00edm i cel\u00e9ho odv\u011btv\u00ed, p\u0159\u00edpadn\u011b ekonomiky.<\/strong><\/p>\n\n\n\n

Z\u00e1rove\u0148 m\u016f\u017eete mezi sebou porovnat jednotliv\u00e9 indexy<\/strong> a z\u00edskat tak rychle p\u0159edstavu o tom, kam nejl\u00e9pe investovat va\u0161e prost\u0159edky. Nap\u0159\u00edklad porovn\u00e1n\u00ed P\/E pom\u011bru index\u016f S&P 500<\/a> a FTSE 100<\/a> v\u00e1m m\u016f\u017ee pomoci s rozhodnut\u00edm, zda vybrat spole\u010dnosti k\u00f3tovan\u00e9 ve Velk\u00e9 Brit\u00e1nii, nebo ve Spojen\u00fdch st\u00e1tech. <\/p>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza na jin\u00fdch trz\u00edch<\/h2>\n\n\n\n

N\u011bkter\u00e9 finan\u010dn\u00ed n\u00e1stroje, jako je forex, komodity a kryptoaktiva<\/a>, investor\u016fm sice nenab\u00edz\u00ed rozvahu a v\u00fdkazy zisk\u016f a ztr\u00e1t. Nicm\u00e9n\u011b p\u0159i investi\u010dn\u00edm rozhodov\u00e1n\u00ed lze analyzovat i jin\u00e9 kl\u00ed\u010dov\u00e9 \u00fadaje<\/strong>.<\/p>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza na Forexu<\/h3>\n\n\n\n

Cenu <\/strong>m\u011bnov\u00e9ho p\u00e1ru<\/strong><\/a> ovliv\u0148uje nab\u00eddka a popt\u00e1vka po n\u011bm<\/strong>. Ty jsou zase ovliv\u0148ov\u00e1ny \u0161irokou \u0161k\u00e1lou makroekonomick\u00fdch faktor\u016f. Roli mohou hr\u00e1t \u00farokov\u00e9 sazby v dan\u00e9m st\u00e1t\u011b, kter\u00e9 mohou investory l\u00e1kat d\u00edky vy\u0161\u0161\u00edmu zhodnocen\u00ed hotovosti, p\u0159\u00edpadn\u011b n\u00e1klad\u016fm na financov\u00e1n\u00ed. <\/p>\n\n\n\n

\n

Kvalitativn\u00ed fundament\u00e1ln\u00ed anal\u00fdza pom\u00e1h\u00e1 investor\u016fm rozpoznat p\u0159\u00edle\u017eitosti v\u010das.<\/p>\n<\/div>\n\n\n\n

Ruku v ruce s \u00farokov\u00fdmi sazbami<\/a> jde i aktu\u00e1ln\u00ed r\u016fst ekonomiky a v\u00fd\u0161e investic v dan\u00e9m st\u00e1t\u011b. Pokud ekonomika roste a investuje do sv\u00e9ho rozvoje, je pravd\u011bpodobn\u00e9, \u017ee p\u0159il\u00e1k\u00e1 v\u00edce investor\u016f.<\/strong> <\/p>\n\n\n\n

Jin\u00fdm m\u011bn\u00e1m se m\u016f\u017ee da\u0159it v obdob\u00ed, kdy je c\u00edtit vysok\u00e9 geopolitick\u00e9 nap\u011bt\u00ed<\/strong>, proto\u017ee jsou obecn\u011b pova\u017eov\u00e1ny za bezpe\u010dn\u00e9, t\u0159eba d\u00edky sv\u00e9 neutralit\u011b. Jedn\u00e1 se nap\u0159\u00edklad o \u0161v\u00fdcarsk\u00fd frank<\/a>. <\/p>\n\n\n\n

Fundament\u00e1ln\u00ed anal\u00fdza komodit<\/h3>\n\n\n\n

Komodity<\/a> jsou z\u00e1kladn\u00ed materi\u00e1ly. Daj\u00ed se ozna\u010dit za stavebn\u00ed kameny ve\u0161ker\u00e9 ekonomick\u00e9 aktivity. Proto kdy\u017e se bav\u00edme o anal\u00fdze komodit, v\u011bt\u0161inou bereme v potaz v\u00fdvoj na makro \u00farovni<\/strong>. To znamen\u00e1, \u017ee sledujeme \u0161irok\u00e9 ekonomick\u00e9 cykly, kter\u00fdmi si jednotliv\u00e9 ekonomiky proch\u00e1zej\u00ed. <\/p>\n\n\n\n

<\/span>
\n

Tip: <\/strong>P\u0159id\u00e1n\u00edm r\u016fzn\u00fdch typ\u016f finan\u010dn\u00edch aktiv m\u016f\u017eete vytvo\u0159it odoln\u00e9 a dob\u0159e diverzifikovan\u00e9 portfolio<\/a>. <\/p>\n<\/div><\/div>\n\n\n\n

Cenov\u00e9 trendy na komoditn\u00edch trz\u00edch obvykle trvaj\u00ed d\u00e9le <\/strong>ne\u017e na jin\u00fdch trz\u00edch. Je to proto, \u017ee popt\u00e1vka se m\u016f\u017ee m\u011bnit okam\u017eit\u011b, ale nab\u00eddka je neelastick\u00e1. A\u0165 u\u017e se bav\u00edme o p\u0159\u00edrodn\u00edm cyklu, ve kter\u00e9m m\u016f\u017eeme upravit sklize\u0148 jednotliv\u00fdch zem\u011bd\u011blsk\u00fdch surovin (jako p\u0161enice nebo s\u00f3ja<\/a>), nebo otev\u0159en\u00ed nov\u00e9ho dolu, v\u0161e zabere spoustu \u010dasu. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Shrnut\u00ed<\/h2>\n\n\n\n

Jasn\u00e1 strategie by m\u011bla b\u00fdt kl\u00ed\u010dovou sou\u010d\u00e1st\u00ed va\u0161\u00ed investi\u010dn\u00ed cesty.<\/strong> Jenom tak m\u016f\u017eete dos\u00e1hnout sv\u00fdch finan\u010dn\u00edch c\u00edl\u016f<\/a>, ani\u017e byste se vydali \u0161patn\u00fdm sm\u011brem. <\/p>\n\n\n\n

Pomoci v\u00e1m v tom m\u016f\u017ee i fundament\u00e1ln\u00ed anal\u00fdza, proto\u017ee d\u00edky n\u00ed budete schopni l\u00e9pe identifikovat investi\u010dn\u00ed p\u0159\u00edle\u017eitosti a z\u00e1rove\u0148 stanovit v\u00fdstupn\u00ed bod investice<\/strong>, abyste nenechali le\u017eet v\u00fdnosy ladem. <\/p>\n\n\n\n

Nav\u0161tivte akademii eToro<\/a> a objevte dal\u0161\u00ed n\u00e1stroje, kter\u00e9 v\u00e1m pomohou v cest\u011b za kvalitn\u00edm investi\u010dn\u00edm portfoliem. <\/p>\n\n\n\n

Test<\/h2>\n\n\n\n
\n
Co je fundament\u00e1ln\u00ed anal\u00fdza?<\/div>\n
Pou\u017eit\u00ed technick\u00fdch, historick\u00fdch dat k p\u0159edpov\u00edd\u00e1n\u00ed budouc\u00ed ceny aktiva<\/div>\n\n\n\n
Metoda m\u011b\u0159en\u00ed spravedliv\u00e9 tr\u017en\u00ed hodnoty aktiva a jej\u00ed porovn\u00e1v\u00e1n\u00ed s aktu\u00e1ln\u00ed tr\u017en\u00ed cenou aktiva<\/div>\n<\/div>
\u00a0<\/div><\/div>\n<\/div>\n\n\n\n
\n
Fundament\u00e1ln\u00ed anal\u00fdzu lze aplikovat pouze na akcie a s nimi spojen\u00e9 n\u00e1stroje, jako jsou indexy. Pravda, nebo nepravda? <\/div>\n
Pravda<\/div>\n\n\n\n
Nepravda<\/div>\n<\/div>
\u00a0<\/div><\/div>\n<\/div>\n\n\n\n\n\n

\u010cast\u00e9 dotazy<\/h2>\n\n\n\n
\n
Kde najdu spr\u00e1vn\u00e9 informace pro fundament\u00e1ln\u00ed anal\u00fdzu?<\/dt>
\n

V\u011bt\u0161ina informac\u00ed pot\u0159ebn\u00fdch pro proveden\u00ed fundament\u00e1ln\u00ed anal\u00fdzy je ve\u0159ejn\u011b dostupn\u00e1. Kvalitn\u00ed broke\u0159i shroma\u017e\u010fuj\u00ed a sd\u00edlej\u00ed \u00fadaje t\u00fdkaj\u00edc\u00ed se zpr\u00e1v o v\u00fdsledc\u00edch hospoda\u0159en\u00ed. Podrobn\u011bj\u0161\u00ed anal\u00fdzu m\u016f\u017eete obvykle naj\u00edt na webov\u00e9 str\u00e1nce dan\u00e9 spole\u010dnosti v sekci \u201ePro investory\u201c nebo \u201eInvestor relations\u201c. Pro aktu\u00e1ln\u00ed p\u0159ehled o zve\u0159ejn\u011bn\u00fdch i pl\u00e1novan\u00fdch zpr\u00e1v\u00e1ch o v\u00fdsledc\u00edch hospoda\u0159en\u00ed sledujte n\u00e1\u0161 kalend\u00e1\u0159 zpr\u00e1v o v\u00fdsledc\u00edch hospoda\u0159en\u00ed.<\/p>\n<\/dd><\/div>\n\n\n\n

Jak\u00e9 jsou nev\u00fdhody fundament\u00e1ln\u00ed anal\u00fdzy?<\/dt>
\n

Mnoho \u00fadaj\u016f, kter\u00e9 pou\u017e\u00edv\u00e1me ve fundament\u00e1ln\u00ed anal\u00fdze, podrobn\u011b popisuje ji\u017e prob\u011bhl\u00e9 ud\u00e1losti. I kdy\u017e pom\u011brn\u011b p\u0159esn\u011b popisuj\u00ed to, co bylo, pou\u017eit\u00ed t\u011bchto \u00fadaj\u016f ke stanoven\u00ed budouc\u00edch trend\u016f<\/a> zahrnuje ur\u010ditou m\u00edru subjektivity. Proto je mo\u017en\u00e9, \u017ee dva analytici na z\u00e1klad\u011b stejn\u00e9ho zdroje dat dojdou ke dv\u011bma rozd\u00edln\u00fdm z\u00e1v\u011br\u016fm. Z\u00e1rove\u0148 d\u00edky zpo\u017ed\u011bn\u00ed m\u016f\u017eete p\u0159ij\u00edt o obdob\u00ed nejvy\u0161\u0161\u00edho r\u016fstu.<\/p>\n<\/dd><\/div>\n\n\n\n

Existuje n\u011bjak\u00e1 alternativa k fundament\u00e1ln\u00ed anal\u00fdze?<\/dt>
\n

Za ur\u010ditou alternativu k fundament\u00e1ln\u00ed anal\u00fdze lze ozna\u010dit technickou anal\u00fdzu. Technick\u00e1 anal\u00fdza<\/a> vyu\u017e\u00edv\u00e1 historick\u00e1 data o trhu k p\u0159edpov\u011bdi budouc\u00edch cenov\u00fdch pohyb\u016f. P\u0159i jej\u00edm pou\u017e\u00edv\u00e1n\u00ed budete sledovat cenov\u00e9 grafy, po\u010d\u00edtat indik\u00e1tory a hledat ur\u010dit\u00e9 vzorce. Ale i kdy\u017e ji zde ozna\u010dujeme za alternativu, mnoho \u00fasp\u011b\u0161n\u00fdch investor\u016f a obchodn\u00edk\u016f tyto anal\u00fdzy kombinuje a t\u00edm do jist\u00e9 m\u00edry eliminuj\u00ed jejich slabiny.<\/p>\n<\/dd><\/div>\n<\/dl>\n\n\n\n\t\t