Financial Tools as an Alternative to Bank Deposits and Deposits of Microfinance Organizations

Shaker, Irina E.; Shaker, N.S.

doi:10.1007/978-3-030-00102-5_88

Cited by 1 publication

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The Russian securities market began to emerge and take shape rather recently; its capitalization is rather low compared to many other countries, which is why the securities of some issuers make for too large a proportion in this market. [23] Accordingly, indices are strongly affected by the trends in individual shares. Table 2 presents the structural analysis of sectoral indices and the correlation analysis of largeproportion shares and key rate dynamics.…”

Section: Structural Analysis Of Moex Sectoral Indices; Correlationmentioning

confidence: 99%

Managing the Investment Portfolio Structure in Response to a Lower CBR Key Rate

Koren¹,

Pustovarov²

2019

Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)

View full text Add to dashboard Cite

This paper discusses the methods for managing the investment portfolio structure in response to lower inflation and CBR key rate. The reduced attractiveness of fixed-yield instruments primarily results in a gradual increase in investments in the shares of companies offering high dividends and stable growth prospects. The goal hereof is to evaluate the correlation of the key rate dynamics and medium-term changes in the return on shares and bonds, which will enable structuring an optimal investment portfolio. To that end and to accurately substantiate the findings, the research relies on the comparative, correlationregression, and variance analyses of the MoEx stock indices. The paper presents a structural analysis of sectoral indices as well as a correlation analysis of the key rate and major-issuer shares. We additionally evaluate the effect of the large specific weight of some companies in the structure of Russian stock indices. The analysis presented herein has produced accurate data on the correlation of low inflation, low CBR rate, and increases in most Russian stock indices. The findings enable accurate prediction of the further increase in the value of securities with a high dividend or coupon yield provided the country's basic macroeconomic parameters are maintained or improved.

show abstract

Section: Structural Analysis Of Moex Sectoral Indices; Correlationmentioning

confidence: 99%