The investment performance of wine and other collectibles

Maryna Tymoshenko

Diplomová práce

The investment performance of Fine Wine and other Collectibles

Anotace:

This thesis provides a combined analysis and compares different types of collectibles available to investors, specifically the markets of wine, cars, art, and whisky as alternative investment options. The thesis examines the risk, returns, hedging and diversification benefits of selected collectibles markets and different types of assets within them through Sharpe ratio, correlation and portfolio construction. The paper also explores the relationship of collectibles with inflation and market volatility through graphical analysis using line charts.

Abstract:

This thesis provides a combined analysis and compares different types of collectibles available to investors, specifically the markets of wine, cars, art, and whisky as alternative investment options. The thesis examines the risk, returns, hedging and diversification benefits of selected collectibles markets and different types of assets within them through Sharpe ratio, correlation and portfolio construction. The paper also explores the relationship of collectibles with inflation and market volatility through graphical analysis using line charts.

Klíčová slova

Portfolio, Correlation, Risk-adjusted Return, Hedging, Inflation, Collectibles, Investment, Market Fear, Diversification

Keywords

Collectibles, Investment, Portfolio, Diversification, Hedging, Inflation, Market Fear, Risk-adjusted Return, Correlation

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 8. 5. 2022

Obhajoba závěrečné práce

• Obhajoba proběhla 30. 5. 2022
• Vedoucí: Karel Brůna
• Oponent: Ondřej Šíma

Vysoká škola ekonomická v Praze

Magisterský studijní program:
Finance and Accounting