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Regular version of the site

CAPM and it's application in practice

Student: Chekin Artyom

Supervisor: Aleksey Debelov

Faculty: HSE Banking Institute

Educational Programme: Master

Year of Graduation: 2014

<p><span id="result_box" lang="en"><span title="В данной работе была продемонстрирована возможность, а главное реализуемость таких теорий как: портфельная тория Г. Марковица, CAPM и DCAPM, на практике.">In this paper i demonstrated the possibility and feasibility of the main theories as portfolio thorium G. Markowitz , CAPM and DCAPM, in practice.</span><br /><br /><span title="Результаты, полученные по DCAPM можно назвать удовлетворительными, т.к.">Results from DCAPM are satisfactory since </span><span title="бета-коэффициент достаточно корректно отражает риск, который данный актив несёт.">beta coefficient quite correctly reflects the risk that the asset is held. </span><span title="Результаты, полученные по CAPM нельзя назвать удовлетворительными, т.к.">The results from the CAPM are not satisfactory , because </span><span title="не сохраняется предпосылка об отношении риск/доходность.">not stored on the assumption regarding the risk / return profile. </span><span title="И тем не менее портфели, сформированные по CAPM показали доходность, превышающую доходность индекса за тот же период.">Nevertheless portfolios formed on CAPM showed return exceeding the return on index for the same period .</span><br /><br /><span title="Шесть из восьми сформированных инвестиционных портфелей показали доходность выше, чем индекс за тот же период.">Six of the eight formed portfolios showed return is higher than the index for the same period . </span><span title="Портфель сформированный по теории Марковица показал доходность в четырнадцать раз больше чем индекс за тот же период.">Portfolio formed on the theory of Markowitz showed return fourteen times more than the index over the same period. </span></span></p>

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