Wielowymiarowa analiza porównawcza jako narzędzie oceny spółek deweloperskich notowanych na GPW

The diversity and multiplicity of information associated with investment in the stock market can cause problems with the proper understanding of the analyzed phenomena. In particular it refers to small investors who invest directly in stocks. Therefore, evaluating the financial condition of listed companies is very important, hence the need to use methods that will simplify and thus make stock market analysis easier. This paper presents an attempt to apply the selected financial ratios for the classification of 17 real estate companies listed on the Warsaw Stock Exchange into groups characterized by a similar economic condition. In the study multidimensional comparative analysis was used, i.e. Ward’s method and the method of k-means. The analysis was carried out in the period 2010-2012. In the experiment it was proved that using Ward’s method could identify companies with the weakest condition.