PRIMENA BETA KOEFICIJENTA NA TRŽIŠTU KAPITALA U SRBIJI
THE USE OF BETA COEFFICIENT ON THE CAPITAL MARKET IN SERBIA
Author(s): Milica Radović, Vladimir VračarićSubject(s): Economic policy, Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets
Published by: Fakultet za pravne i poslovne studije dr Latar Vrkatić
Keywords: stock market; beta coefficient; technical analysis; expected return; risk;
Summary/Abstract: The aim of this paper is to analyze the application of the beta coefficient on the stock market in Serbia. In this paper, the basic premises of modern portfolio theory based on a set of efficient portfolios, stock market line, risk and portfolio equity valuation model. In modern portfolio theory of great importance in selecting stocks have beta coefficients. The authors started from the assumption that sensitivity between expected return of a financial instrument and expected return of the market portfolio can be applied to the stock market in Serbia. The results of the beta coefficient for an arbitrarily selected stocks based on percentage change price and percentage change BELEX15 and BELEXline from 15st June, 2009 to 14st June 2010. The calculation and use beta coefficient use is important when making investment decisions on an undeveloped market.
Journal: Civitas
- Issue Year: 2/2012
- Issue No: 04
- Page Range: 127-143
- Page Count: 17
- Language: Serbian