Analysis of the CAPM Model and its Alternative Modifications Based on Unilateral Bias

Student: Aleksei Amelichkin

Supervisor: Alexander Osharin

Educational Programme: Economics (Bachelor)

Year of Graduation: 2024

The research paper "Analysis of the CAPM model and its alternative modifications based on unilateral variance" is devoted to the study and evaluation of the classical capital asset pricing model (CAPM) and its modifications that take into account unilateral variance for a more accurate assessment of risks and profitability in financial markets. The aim of the work is to analyze the advantages and limitations of CAPM in real market conditions, explore alternative models, including those based on one—sided variance, and conduct empirical testing of these models on real data. The results of the study should help to develop practical recommendations for managing investment portfolios and making more informed investment decisions, as well as identify areas for future research in this area.

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