Portfolio management for typical stocks and precious metal assets
2022 International Conference on Cyber Security, Artificial Intelligence, and Digital Economy, CSAIDE 2022
; 12330, 2022.
Article
in English
| Scopus | ID: covidwho-2029452
ABSTRACT
This paper examines and analyses the volatility of precious metal assets and the portfolios management. The innovative study of precious metal assets and equity portfolios is instructive and forward-looking under the background of global COVID-19. We use GARCH model, Markowitz model, CAPM Model and Fama-French Three-Factor Model to study volatility, asset forecasts, and the relationship between asset prices and markets. The results show that, firstly, precious metals are less volatile than stocks;secondly, precious metals, especially gold, make up a large percentage of rational risk-hedged portfolios;and finally, the stock prices have an almost linear relationship with the market, but precious metal prices do not have a linear relationship with the market. Our conclusion suggests that investors should consider precious metal assets, especially gold, in addition to stocks when considering their portfolios, which helps to hedge investment risk and provides some guidance to the market. © 2022 SPIE.
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Databases of international organizations
Database:
Scopus
Language:
English
Journal:
2022 International Conference on Cyber Security, Artificial Intelligence, and Digital Economy, CSAIDE 2022
Year:
2022
Document Type:
Article
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