The efficiency of an investment fund is one of the main components in evaluating the performance of the fund. This study seeks for introducing and comparing risk and performance evaluation ratios. The paper is aimed at testing the worked out ratios and at distinguishing between the best ones for the purpose of evaluating the performance of Lithuanian mutual funds. Scientific studies show that a standard deviation, alpha, beta, Sharpe and Treynor ratios are mostly employed for identifying the performance of mutual funds that are also compared with their benchmark index to establish if these funds are outperformed and if is it worth paying management fees to investment banks for managing mutual funds. Historical data were selected for the period from 2012-01-02 to 2013-10-15 analysing the prices of monthly funds. The paper points out the areas of a practical application of the proposed model for investment fund valuation, which may not only provide valuable outcomes for practitioners but also may inspire further research on this article.
Integral Knowledge, Innovation and Technology Cluster Formation Nurturing the Universal Development Sustainability in th...Published: 20 November 2014 by Scientific Publishing House "SciView" and Fundacja Centrum Badań Socjologicznych in Economics & Sociology
The paper analyses the following problem: how to create a stochastic net of intelligent solutions for compliancy of existing interests, possibilities and disposable resources' allocations while developing the strategy for nurturing universal sustainability of a middle-size country that does not possess abundant natural resources and, as a result, can use mainly intellectual resources while nurturing its own development.Why the universal sustainability category is used? Firstly, the UN, EU and a number of other global organizations and forums began to actively use the concept of universal sustainability in the analysis and projection of perspective. Secondly, the scientists and practitioners also resolutely search for adequate categories to distinguish the modern development processes, as well for valid theoretical solutions based on advanced development experience and scientifically-based development possibilities, as well as on adequate objectives and development models.Globalization has revealed a set of indispensable features of perspective and at the same time has emphasized the fact that orientation of the past and future towards certain development values and models could be inadequate to the well-being of civilization quality and longevity. The system of scientific knowledge, innovation and technologies as a tool of intelligence and means of showing where and how the civilization should develop vaguely undertakes the solutions for many recent political, social, humanitarian, ecological and other problems influencing the quality of civilization. Moreover, the optimization of value structure of training the powers of integral cluster of knowledge, innovation and technologies demands greater attention. Otherwise inexhaustible guarantee of civilization nurturing will become economically inaccessible with regard to many aspects of civilization preservation. The paper aims at thorough analysis of theoretical viewpoint towards small countries' universal sustainability development, inventorying the best practice of the separate development subsystems' universal sustainability. On this basis a stochastic network model of country development universal sustainability code should be formed, matching development interests, possibilities and disposable resources' allocation, and it should possess all the characteristics of complex adaptive systems.
Complex System Technologies as an Adequate Synergy Tool of Knowledge and Innovation Functions Projecting Sustainability ...Published: 01 January 2014 by Elsevier BV in Procedia - Social and Behavioral Sciences
The technology of adaptive complex systems as an adequate synergy tool of knowledge, innovation and technology features ...Published: 01 January 2014 by Inderscience Publishers in International Journal of Transitions and Innovation Systems
Universally Sustainable Development As A Framework Of Small Countries‘ Economic Efficiency And National Self-SufficiencyPublished: 01 January 2014 by Vilnius Gediminas Technical University in The 8th International Scientific Conference "Business and Management 2014"
Current scientific literature aims for adequate understanding of the process for integration of knowledge, innovation and technology in various areas of human activity. This would materialise the hope that integrated knowledge, innovation and technology clusters could become a full-fledged resource in responding to the current and future local and global challenges of sustainable development.
Impact of the Dynamics of Stock Price Cycle on the Sustainable Development of an Investment PortfolioPublished: 11 November 2013 by Vilnius Gediminas Technical University in Business: Theory and Practice
Mokesčių ir socialinio draudimo įmokų masto ir struktūros įtakos darbo rinkai vertinimas pasitelkiant stochastiškai info...Published: 11 June 2013 by Vilnius Gediminas Technical University in Business: Theory and Practice
Akcijų investiciniu patrauklumu paremtas investicinio portfelio sudarymo modelis Investment Portfolio Optimisation Model...Published: 31 August 2012 by Vilnius Gediminas Technical University in Business: Theory and Practice
Finansinio sverto naudojimas aktyviai valdant investicijų portfelį Financial Leverage Usage for Active Management of the...Published: 06 September 2010 by Vilnius Gediminas Technical University in Business: Theory and Practice
Su dvigubo kozirio portfeliu per finansų krizės sūkurius With Double Trump Portfolio through Whirls of Financial CrisisPublished: 10 December 2009 by Vilnius Gediminas Technical University in Business: Theory and Practice