Economic Themes (2013) 51 (4) 4, 671-683
Zoran Grubišić, Sandra Kamenković, Edo Duran
Abstract: Modern Portfolio Theory is one of the most important innovations in the field of investments and securities portfolio management. The paper analyzes possibilities of using methods of portfolio analysis on the stock market traded at the Belgrade Stock Exchange. The aim of the paper is to select stocks on the Belgrade Stock Exchange which have had the best performance in the analyzed period, and by the application of portfolio analysis find out the optimal portfolio that will have better performance than BELEXline stock index at a lower risk rate. It should be noted that this method is limited in many ways on the stock markets similar to the stock market in Serbia, but in spite of that a portfolio has been obtained which gave better performance than BELEXline stock index.
Keywords: portfolio analysis; optimal portfolio
MODERN PORTFOLIO THEORY ON THE CAPITAL MARKET IN SERBIA
Zoran Grubišić, Sandra Kamenković, Edo Duran
Abstract: Modern Portfolio Theory is one of the most important innovations in the field of investments and securities portfolio management. The paper analyzes possibilities of using methods of portfolio analysis on the stock market traded at the Belgrade Stock Exchange. The aim of the paper is to select stocks on the Belgrade Stock Exchange which have had the best performance in the analyzed period, and by the application of portfolio analysis find out the optimal portfolio that will have better performance than BELEXline stock index at a lower risk rate. It should be noted that this method is limited in many ways on the stock markets similar to the stock market in Serbia, but in spite of that a portfolio has been obtained which gave better performance than BELEXline stock index.
Keywords: portfolio analysis; optimal portfolio
