Эффективность методов фундаментального и технического анализа для совершения инвестиционных операций
In this paper, we empirically test the dependence of the Russian stock market on the world stock market, world oil prices and Russian political and economic news during the period 2001–2010. We find that oil prices are not significant after 2006, and the Japan stock index is significant over the whole period, since it is the nearest market index in terms of closing time to the Russian stock index. We find that political news like the Yukos arrests or news on the Georgian war have a short-term impact, since there are many other shocks. These factors confirm the structural instability of the Russian financial market.
The article is devoted to one of the most popular approaches to forecasting market prices - technical analysis. We investigate the effectiveness of methods of technical analysis on the most liquid stocks of the Russian stock market. Derived conclusions about the overall effectiveness of technical analysis and identifies financial assets for which the use of these methods can achieve the best performance of market making operations.
The study of behavior of the Russian securities market, its segments and partiсipants in 2011.