Art investments for portfolio diversification

Daiva Jureviciene, Jekaterina Savicenko

Research output: Contribution to journalArticle

Abstract

The paper constitutes an argumentation of art investments as portfolio diversification tool, presents conception of investments in art and analyses the impact of environment on art investments. In addition, the basic art market indexes were compared and Artprice Global Index forecast was conducted by applying the Moving Trend Line method. The main objective of this paper is to investigate art as an investment tool for diversification of investment portfolio. In order to evaluate the possibility to use art investments for portfolio diversification a correlation regression analysis was made. Creating and assessment of optimal portfolios and finding efficient frontiers was based on the material of C. W. Holden from Indiana University, entitled “Excel Modelling and Estimation in Investments”. The article compares return and risk of the portfolios comprising art investment.
Original languageEnglish
Pages (from-to)197-212
JournalIntelektinė ekonomika
Volume6
Issue number2
Publication statusPublished - 2012

Fingerprint

Portfolio diversification
Art
Risk and return
Market index
Regression analysis
Art market
Optimal portfolio
Excel
Diversification
Argumentation
Investment portfolio
Conception
Efficient frontier
Modeling

Keywords

  • Investment
  • Art
  • Artprice Global Index

Cite this

Art investments for portfolio diversification. / Jureviciene, Daiva; Savicenko, Jekaterina.

In: Intelektinė ekonomika, Vol. 6, No. 2, 2012, p. 197-212.

Research output: Contribution to journalArticle

Jureviciene, D & Savicenko, J 2012, 'Art investments for portfolio diversification', Intelektinė ekonomika, vol. 6, no. 2, pp. 197-212.
Jureviciene, Daiva ; Savicenko, Jekaterina. / Art investments for portfolio diversification. In: Intelektinė ekonomika. 2012 ; Vol. 6, No. 2. pp. 197-212.
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