ANALYSIS AND SYSTEMATIZATION OF THE FACTORS OF THE EXTERNAL ENVIRONMENT OF THE INVESTMENT PORTFOLIO BASED ON THE REGULARIZING BAYESIAN APPROACH

UDC 51.77
DOI: 10.36871/2618-9976.2021.06.005

Authors

Alexey V. Sergeev
Graduate Student, Financial university, Moscow, Russia

Abstract

The article examines the factors and properties inherent in the external environment for companies – issuers of securities. These factors shape the environment and influence the behavior of the market as a whole, the situation in individual countries, regions, and industries. The systematization of factors is carried out, the causal relationships and the nature of the influence of individual factors on the behavior of securities quotes are indicated. A model of environmental factors based on a regularizing Bayesian approach is proposed.

Keywords

Factor analysis
Investment portfolio model
Regularizing Bayesian approach
Properties of the external environment
Systematic approach