Development of a technique of an assessment of profitability and cost of assets
The method simplifying process making decision about placing of monetary cash in the period of the world financial instability with the purpose of its financial safety increasing or as a variant for receiving profit in the given article (regressive model, index models). This model allows to determin...
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Voronezh state university of engineering technologies
2018-04-01
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Online Access: | https://www.vestnik-vsuet.ru/vguit/article/view/1487 |
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doaj-cd7fd61f51a8478fb2fb02351fcfc1d12021-07-29T08:05:11ZrusVoronezh state university of engineering technologies Vestnik Voronežskogo Gosudarstvennogo Universiteta Inženernyh Tehnologij2226-910X2310-12022018-04-0180139139710.20914/2310-1202-2018-1-391-3971388Development of a technique of an assessment of profitability and cost of assetsA. D. Dordzhieva0E. A. Kurtushova1A. B. Mandzhieva2B. V. Oshlanov3Kalmyk state university of B.B. GorodovikovKalmyk state university of B.B. GorodovikovKalmyk state university of B.B. GorodovikovKalmyk state university of B.B. GorodovikovThe method simplifying process making decision about placing of monetary cash in the period of the world financial instability with the purpose of its financial safety increasing or as a variant for receiving profit in the given article (regressive model, index models). This model allows to determine the level of mutual probabilistic influence of profitableness and assets on their cost. The model of pricing of capital assets which developed by U. Sharp and J. Lintner is considered. By means of this model the level of influence of market risk on the profitableness of the investment portfolio has been estimated. The equation of the equilibrium market characterizing interrelation of profitableness of an asset and cost of a beta assets relatively optimum (market) portfolio has been formed. The equation of the equilibrium market allows to estimate inefficient assets or portfolios relatively effective portfolios. The beta asset from the equation demonstrates reaction of profitableness on an asset on market forces actions. This size is applied for measurement of market risk portfolio so that estimates the dependence between assets profitableness and market portfolio profitableness. In the article the index model which represents itself a linear equation of multiple regression is also offered. This equation characterizes the fact that change of profitableness and the assets price depends on a number of indicators, testifying about state of the market or indexes. In the work the estimation of effective management of a portfolio with the use of index of U. Sharp’s model of the following assets is carried out: SLR (the Society of Limited Responsibility) "Lukoil", SLR “Pharmstandard”, SLR “Surgutneftegas”, SLR AFK “Sistema”, “Polymetal”, SLR “Gazprom”, the United Company “Rusal”. In article 14 forecasts which purchase and sale of valuable papers, from which 11 forecasts are reliable that makes up 78,57% therefore the considered method can be used with high degree of reliability in making of short-term method forecasts have been represented.https://www.vestnik-vsuet.ru/vguit/article/view/1487portfolio of securities, market risk, cost of assets, profitability of assets, estimation of cost, model of pricing of capital assets |
collection |
DOAJ |
language |
Russian |
format |
Article |
sources |
DOAJ |
author |
A. D. Dordzhieva E. A. Kurtushova A. B. Mandzhieva B. V. Oshlanov |
spellingShingle |
A. D. Dordzhieva E. A. Kurtushova A. B. Mandzhieva B. V. Oshlanov Development of a technique of an assessment of profitability and cost of assets Vestnik Voronežskogo Gosudarstvennogo Universiteta Inženernyh Tehnologij portfolio of securities, market risk, cost of assets, profitability of assets, estimation of cost, model of pricing of capital assets |
author_facet |
A. D. Dordzhieva E. A. Kurtushova A. B. Mandzhieva B. V. Oshlanov |
author_sort |
A. D. Dordzhieva |
title |
Development of a technique of an assessment of profitability and cost of assets |
title_short |
Development of a technique of an assessment of profitability and cost of assets |
title_full |
Development of a technique of an assessment of profitability and cost of assets |
title_fullStr |
Development of a technique of an assessment of profitability and cost of assets |
title_full_unstemmed |
Development of a technique of an assessment of profitability and cost of assets |
title_sort |
development of a technique of an assessment of profitability and cost of assets |
publisher |
Voronezh state university of engineering technologies |
series |
Vestnik Voronežskogo Gosudarstvennogo Universiteta Inženernyh Tehnologij |
issn |
2226-910X 2310-1202 |
publishDate |
2018-04-01 |
description |
The method simplifying process making decision about placing of monetary cash in the period of the world financial instability with the purpose of its financial safety increasing or as a variant for receiving profit in the given article (regressive model, index models). This model allows to determine the level of mutual probabilistic influence of profitableness and assets on their cost. The model of pricing of capital assets which developed by U. Sharp and J. Lintner is considered. By means of this model the level of influence of market risk on the profitableness of the investment portfolio has been estimated. The equation of the equilibrium market characterizing interrelation of profitableness of an asset and cost of a beta assets relatively optimum (market) portfolio has been formed. The equation of the equilibrium market allows to estimate inefficient assets or portfolios relatively effective portfolios. The beta asset from the equation demonstrates reaction of profitableness on an asset on market forces actions. This size is applied for measurement of market risk portfolio so that estimates the dependence between assets profitableness and market portfolio profitableness. In the article the index model which represents itself a linear equation of multiple regression is also offered. This equation characterizes the fact that change of profitableness and the assets price depends on a number of indicators, testifying about state of the market or indexes. In the work the estimation of effective management of a portfolio with the use of index of U. Sharp’s model of the following assets is carried out: SLR (the Society of Limited Responsibility) "Lukoil", SLR “Pharmstandard”, SLR “Surgutneftegas”, SLR AFK “Sistema”, “Polymetal”, SLR “Gazprom”, the United Company “Rusal”. In article 14 forecasts which purchase and sale of valuable papers, from which 11 forecasts are reliable that makes up 78,57% therefore the considered method can be used with high degree of reliability in making of short-term method forecasts have been represented. |
topic |
portfolio of securities, market risk, cost of assets, profitability of assets, estimation of cost, model of pricing of capital assets |
url |
https://www.vestnik-vsuet.ru/vguit/article/view/1487 |
work_keys_str_mv |
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