kth.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
An analysis of how price fluctuations for commodities impact performance of Swedish industrial companies
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematical Statistics.
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematical Statistics.
2022 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
En analys om hur förändringar i råvarupriser påverkar prestationen för svenska industriföretag (Swedish)
Abstract [en]

The relationship between performance for the Swedish industry and changesin prices and volatility of commodities has been examined using multiple linearregression. The study focuses on how commodity price fluctuations correlate withgross profit growth, measuring company performance. Gross profit as a performancemeasure is contrary to most previous studies that use stock performance as thedependent variable. This study has found two commodities whose prices have asignificant relationship with changes in gross profit for the Swedish industry sector,Brent oil, and platinum. The correlation with Brent oil is the most reliable one.Surprisingly, Brent oil has a positive relationship with gross profit, even thougha higher oil price is causing more expensive logistics and manufacturing operations,increasing costs of sold goods. This indicates a possible correlation between oil priceand demand for manufactured products; industrial companies can either increaseprices or produce at a high capacity. Regarding the volatility of commodities, nosignificant correlation with gross profits has been found.

Abstract [sv]

Med multipel linjär regression undersöks relationen mellan prestation hos svenska industriföretag och förändringar i priser och volatilitet hos råvaror. Studien fokuserar på hur prisfluktuationer för råvaror korrelerar med bruttovinst, vilket väljs som prestationsmått. Det skiljer sig från majoriteten av tidigare studier där avkastning på aktier har varit den beroende variabeln. Denna studien har hittat stöd för att priset på två råvaror har en signifikant korrelation med förändringar i bruttovinst för den svenska industrin. Nämligen Brent olja och platinum, varav Brent olja har en betydligt pålitligare korrelation. 

Brent olja har ett positivt förhållande med bruttovinst, vilket är förvånande då dyrare olja innebär ökade kostnader kopplade till logistik och tillverkning. Något som ökar kostnaden för sålda varor. Detta indikerar att ett ökad pris på olja borde korrelera med en hög efterfrågan på tillverkade produkter, så att industriföretagen kan öka sina priser och/eller tillverka fler varor när oljan ökar i pris. Vad gäller volatilitet på råvaror har det inte hittats någon significant korrelation med bruttovinst.

Place, publisher, year, edition, pages
2022.
Series
TRITA-SCI-GRU ; 2022:292
Keywords [en]
Commodities, Applied mathematics, regression analysis, Platinum, Brent oil, Statistics, Swedish industry, gross profits, price changes, volatility
Keywords [sv]
Råvaror, TIllämpad matematik, regressionsanalys, platinum, brent oil, statistik, Svensk industri, Bruttovinster, Prisförändringar, Volatilitet
National Category
Probability Theory and Statistics
Identifiers
URN: urn:nbn:se:kth:diva-326772OAI: oai:DiVA.org:kth-326772DiVA, id: diva2:1757046
Subject / course
Applied Mathematics and Industrial Economics
Educational program
Master of Science in Engineering - Industrial Engineering and Management
Supervisors
Examiners
Available from: 2023-05-15 Created: 2023-05-15 Last updated: 2023-05-15Bibliographically approved

Open Access in DiVA

fulltext(1599 kB)659 downloads
File information
File name FULLTEXT01.pdfFile size 1599 kBChecksum SHA-512
8920407a4cd04246ee4773b65c5b22e6b068b2203a5d2b84df3506a26769bd1eb722b7cbd02ba67b30dbc6f503048a75369e6b916e4d2a856a13ff314dc61145
Type fulltextMimetype application/pdf

By organisation
Mathematical Statistics
Probability Theory and Statistics

Search outside of DiVA

GoogleGoogle Scholar
Total: 665 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 420 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf