Cluster analysis of the common stock market as a way to diversify the investment portfolio

Authors

G. I. Foshchan
Kuban State University, Russian Federation
K. O. Litvinsky
Kuban State University, Russian Federation
A. B. Kitainov
Kuban State University, Russian Federation

Abstract

The article formulates the main directions of analysis of investment activity, provides a method of clustering the market for ordinary shares based on the correlation matrix. The possibilities of diversification of investment portfolios on the basis of the received clusters are considered. For some stocks, which became the basis of these investment portfolios, regression models were built to capture structural changes in the stock market. According to the cluster method, various portfolios were built on the basis of profitability and risk.

Keywords

venture capital fund, venture financing, venture capital, venture capital investments, venture ecosystem, innovations, angel investors

Authors Info

G. I. Foshchan

Candidate of Economic Sciences, Associate Professor, Department of Theoretical Economics at Kuban State University

K. O. Litvinsky

Candidate of Economic Sciences, Associate Professor, The Head of Department of Economics and Management of Innovation Systems at Kuban State University

A. B. Kitainov

Student of the Department of Accounting, Audit and Automated Data Processing at Kuban State University

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Article Details

Issue

2019 · No. 3 (55)

Section

Investments

Publication History

Published 2019-09-23

How to Cite

[1]
Foshchan G.I., Litvinsky K.O., Kitainov A.B. Cluster analysis of the common stock market as a way to diversify the investment portfolio // Economics: Theory and Practice. 2019. No 3 (55). С. 38–48. URL: https://etip.kubsu.ru/article/view/497

License

Copyright (c) 2025 G. I. Foshchan, K. O. Litvinsky, A. B. Kitainov

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.