The Impact on the Time Horizon of Rsk and Return of Investment

Student: Okhapkin Vladislav

Educational Programme: Financial Engineering (Master)

Year of Graduation: 2017

The task in this graduate qualification work is to prove that investing in stocks becomes more effective when the time horizon increases. To solve this problem, a study was conducted in three markets: Hong Kong, India and Russia. This sample is explained by the prospects of markets and the potential for growth of each country. The historical data used for detailed analysis on the stock indices of countries: HSI, SENSEX (from 1980 to 2017) and the MICEX (from 2000 to 2017). To estimate the effectiveness of investment were used the coefficients of Sharp, Sortino and the coefficient of variation (CV). As the result was drown a conclusion the increasing of the time horizon positively impacts on return of investments in stocks on all reviewed markets.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses