On the Question of Investment Efficiency in Risk Conditions (original) (raw)
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Васильєва Оксана Володимирівна, аспірант кафедри економічної кібернетики Запорізького національного університету, м. Запоріжжя Максишко Наталія Костянтинівна, доктор економічних наук, завідувач кафедри економічної кібернетики Запорізького національного університету, м. Запоріжжя ПОРІВНЯЛЬНИЙ АНАЛІЗ ДИНАМІКИ ІНВЕСТИЦІЙНИХ ІНСТРУМЕНТІВ У КОНТЕКСТІ ГІПОТЕЗИ ЕФЕКТИВНОГО РИНКУ На сьогодні для розуміння та передбачення динаміки фінансових ринків існує декілька теорій (гіпотез), однією з яких є гіпотеза ефективного ринку. Проте, не існує єдиного підходу до методології комплексної діагностики відповідності конкретного ринку передумовам ефективного. У цій роботі для трьох найбільш поширених інвестиційних ринків (ринку золота, валюти та біткоїн) використано чинні методи діагностики. До результатів діагностики застосовано порівняльний аналіз, що дозволило, по-перше, виявити найбільш дієві підходи оцінки відповідності кожного з ринків ефективному, та, по-друге, дослідити характерні риси кожного ринку, найбільші відмінності і спільні риси, що є важливою практичною інформацією для ухвалення інвестиційних рішень. Ключові слова: гіпотеза ефективного ринку, порівняльний аналіз, ринок золота, ринок валюти, біткоїн. Васильева Оксана Владимировна, аспирант кафедры экономической кибернетики Запорожского национального университета, г. Запорожье Максишко Наталия Константиновна, доктор экономических наук, заведующая кафедры экономической кибернетики Запорожского национального университета, г. Запорожье СРАВНИТЕЛЬНЫЙ АНАЛИЗ ДИНАМИКИ ИНВЕСТИЦИОННЫХ ИНСТРУМЕНТОВ В КОНТЕКСТ ГИПОТЕЗЫ ЭФФЕКТИВНОГО РЫНКА В данный момент для понимания и предвидения динамики финансовых рынков существует несколько теорий (гипотез), одной из которых является гипотеза эффективного рынка. Однако не существует единого подхода к методологии комплексной диагностики соответствия конкретного рынка предпосылкам эффективного. В этой работе для трех наиболее распространённых инвестиционных рынков (рынка золота, валюты и Биткоина) осуществлено применение существующих методов диагностики. К результатам диагностики применен метод сравнительного анализа, что позволило, во-первых, выявить наиболее действенные подходы оценки соответствия каждого из рынка к эффективному, а во-вторых, исследовать характерные черты каждого рынка, наибольшие различия и общее, что является важной практической информацией при принятии инвестиционных решений. Ключевые слова: гипотеза эффективного рынка, сравнительный анализ, рынок золота, валютный рынок, Биткоин.