ratio analysis, return and risk trade-off, beta (???????? coefficient, investments, Belgrade Stock Exchange.


Business legal form of Aerodrome Nikola Tesla is a joint-stock company;
the company's shares are listed on the most liquid segment of the domestic
capital market. The aim of the paper is to conduct a comprehensive analysis
of the company’s business performance, as well as company stocks’ risk
and returns in the period from 2016 to 2020. The purpose of this research is
also to perform an analysis of the company’s returns before and during the
Covid-19 pandemic in comparison to the Belex15 stock market index. The
results of the analysis indicated the impact of the pandemic on the business
result, which was expected considering the limited movement of people. In
addition, the paper shows how the beta (???????? coefficient, as an appropriate
measure of systemic risk, has been changed depending on the observed


Agencija za privredne registre:

Beogradska berza, Informator o izdavaocu – AERO, 2022.

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