Risk: En studie av initierade aktiesparares risk vid portföljsammansättning
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
This thesis examines of private stock investors behaviour in relation to the Capital Asset Pricing Model (CAPM). The examination was done with help of a questionnaire. This was sent out to 600 individuals of the Swedish Shareholders' Association members, with a response rate over 50 %. These members were supposed to represent initiated Swedish private stock investors. The thesis then describes the Swedish stock market and investors on the market. Collected data is compelled and analysed. Investors are divided into groups based on sex, age, income occupation are examined against average beta values for each group. The most concrete results of the analysis are compared with stock advisors general views and conclusions are drawn. The most relevant conclusions were the following. The sample had an average beta value of 1,00. This was in line with CAPM. Women showed a higher average beta value than men. Older stock investors had lower average beta value than younger investors. It turned out that the stock investors were well aware of their risks and demanded rate of return accordingly.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:su:diva-2129OAI: oai:DiVA.org:su-2129DiVA: diva2:191022