Inwestycje alternatywne i ich znaczenie na polskim rynku kapitałowym
The alternative investments and their importance the polish capital market

Summary/Abstract: This article focuses on the issue, what are alternative investments and trying to make a selection among the selected assets, based on statistical analysis of alternative investment targets for the benchmark, the WIG20 in the period 2008-2011. It was assumed that alternative investments should have a distinct correlation between rates of return in relation to the WIG20 The conclusions of the analysis indicate that the correlation of individual assets in relation to the WIG20, does not coincide with different profitability characteristics. Show a negative correlation currency cross, but in the period they brought about the loss. The biggest gain can be achieved by investing in long positions in the precision metal and some agricultural commodities. However, these assets are not alternatives to the WIG20 as characterized by its correlation with the range of 0.3-0.6.

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