FEATURES OF THE APPLICATION OF FUNDAMENTAL ANALYSIS FOR A PORTFOLIO OF SHARES OF PUBLIC COMPANIES INVESTING IN CRYPTO ASSETS

Abstract

The article discusses the strategy of indirect investment in cryptocurrency assets by compiling an investment portfolio of shares of public technology companies operating in the developing cryptocurrency market or investing in cryptocurrencies. When forming such a specialized portfolio, you can get the maximum level of profitability with a lower risk than when investing in cryptocurrencies directly, but only if you improve the methods of fundamental analysis. This is the goal set for achieving this research. The authors use the metrics of the world's largest analytical portals: GuruFocus, YahooFinance, Zacks, unfortunately, are not very popular among both Russian stock traders and portfolio investors. Each share, based on the values of the coefficients, is assigned a rating score, on the basis of which the coefficient of investment attractiveness is calculated. The purpose of portfolio diversification by sector and industry is to reduce non-systematic risk measured using the beta coefficient and the standard deviation of profitability. The results of calculations of the profitability and risk indicators of the formed portfolio are compared with the “benchmark” - the leading stock and cryptocurrency indices and conclusions are drawn about the feasibility of investing in this sector of the stock market.