Beta koeficiento taikymo Lietuvos vertybinių popierių rinkos analizei problema

LTReikšminiai žodžiai: Analizė; Beta koeficientas; Investicijos; Investuotojas; Kapitalo įvertinimo modelis CAMP; Vertybinių popierių rinka; Analysis; Beta factor; Capital valuation model CAMP; Investments; Investor; Securities market.

ENThe article deals with the problem of CAPM (Capital Asset Pricing model) ant its accommodation in Lithuania and other emerging markets. The Capital Asset Pricing model predicts the relationship between the risk and equilibrium expected returns on risky assets. Shortly reviewed investment environment in Lithuania. There are explained the main point of Capital Asset pricing model and explained relationship between profit and risk of investment The risk premium on individual assets will be proportional to the risk premium on the market portfolio (market indices) and to the beta coefficient of the security on the market portfolio (market indices). The beta then measures the extent to whisk returns on the stock respond to the returns of the market portfolio. Formally, beta is the regression (slope) coefficient of the security return on the market portfolio (market indices) return, representing the sensitivity of the stock return to fluctuations in the overall security market. So we attempted to do it on the Lithuanian security market pattern.