OSCILLATOR STRATEGIES APPLICATION IN STOCK MOVEMENT PREDICTION ON THE RUSSIAN FINANCIAL MARKET: EFFICIENCY ISSUES

Background: Technical analysis is one of the most frequently used by traders instruments. However, many of its elements (in particular oscillators) may show varying efficiency depending on the particular markets characteristics. Therefore, taking into account the distinctive features of the Russian stock market, it is reasonable to examine which oscillators can be effectively applied on it. Objective: The purpose of the study is to analyze the effectiveness of technical analysis indicators for forecasting shares of the Russian stock market and to develop the most effective trading strategy combining various oscillators. Methods: In order to achieve this, the selection of stocks suitable for testing and technical analysis indicators representing various groups is carried out. The accuracy and the total number of signals act as criteria for the indicators effectiveness, while accuracy is given the main attention. The interval from mid-2020 to mid-2021 is used for testing. Results: Based on the results obtained, the indicators are divided into efficiency groups; recommendations for the application of each oscillator are given. The result of the study is the development of the most effective strategies for the usage of technical analysis indicators that have passed the test. The strengths and weaknesses of each formed strategy are highlighted. Conclusion: The novelty of the research lies in obtaining the results of comparing the different types of technical analysis indicators effectiveness in the modern conditions of the Russian stock market and in building optimal strategies for their application

THE EVALUATION OF FUNDAMENTAL METHODS EFFECTIVENESS ON THE RUSSIAN STOCK MARKET

Objective: The purpose of the study is a comparative analysis of various fundamental analysis indicators and indicators based on expected levels of return and risk usage. The aim also lies in identifying the most promising of them in the current state of the modern Russian stock market. Methods: To achieve this goal, 13 portfolios are formed and analyzed based on the application of various indicators. Both the effectiveness of individual indicators and the methods of their application are compared; index and average levels of profitability are added as an additional basis for comparison. For the purposes of the study, historical data from 2015 to mid-2021 is considered; portfolios are formed as of the first trading day of each year, starting from 2017. Results: Based on the results of the study, recommendations for traders on the use of the considered indicators were formed. Conclusion: The novelty of the study is the obtained results of comparing the effectiveness of individual groups of indicators used in compiling a portfolio in the modern state of the Russian stock market