Enhancement of the System of Statistical Indicators for Assessing the State and Prospects of Development of the Stock Market-Reference-Cited by-同舟云学术

Enhancement of the System of Statistical Indicators for Assessing the State and Prospects of Development of the Stock Market

Published:2022-02-28 Issue:1 Volume:29 Page:17-27
ISSN:2658-5499
Container-title:Voprosy statistiki
language:
Short-container-title:Vopr. stat.

Author:

Dorokhov E. V.¹^ORCID

Affiliation:

1. Lomonosov Moscow State University

Abstract

The article substantiates the need to improve the system of indicators that meet the requirements of market participants and potential investors in obtaining reliable and comprehensive statistical information on the state and development prospects of the Russian stock market (SM).The analysis of the current state of statistical monitoring of the Russian SM in terms of the misuse of insider information and manipulation of the financial market is carried out, statistical indicators for assessing stock assets and market indices are considered, and the main indicators of volatility and investment indicators related to the financial and economic characteristics of issuing companies are analyzed. According to the author, it is necessary to improve the quality of information on the value of stock assets and stock indices. To accomplish this task, it is proposed to use indicators that can adequately assess the current and forecast value of issuing companies and the degree of manipulation of their market quotations.The author proposes a method of calculating the investment indicator by dividing the price of the stock by its moving average profit for the previous time period equal to the economic cycle. Based on the factual material of the US and Russian stock markets, statistics of the values of this investment indicator, it is shown that it is possible to assess the adequate current and forecast value of stock assets, as well as the degree of their manipulation.The calculated investment indicator shows the adequacy of the market value of companies to their fundamental financial and economic characteristics. The volatility of this indicator for a short period of time is a signal of a possible manipulation with the prices of this stock asset. Therefore, this investment indicator can become an important supplement to the existing system of statistical indicators on the state and development of the Russian SM.

Publisher

Information and Publishing Centre Statistics of Russia

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