Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Research on Capital Asset and Investment Portfolio

Authors
Zeyu Li1, a,*, †, Jin Liu2, b, *, †, Yixin Zhang3, c, *, †, Yuqian Zou4, *, d, †
1International Business Faculty, Beijing Normal University Zhuhai, Zhuhai, 519087, China
2Department of Psychology, University of Washington, Seattle, 98105, U.S.
3HKU Business school, The University of Hong Kong, Hong Kong, China
4School of Social Science Business Economics, University of California, Irvine, Irvine,92617, U.S.
†

These authors contribute equally.

*Corresonding author. Email:atangdaren301@gmail.com
Corresponding Authors
Zeyu Li, Jin Liu, Yixin Zhang, Yuqian Zou
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.170How to use a DOI?
Keywords
Index model; Markowitz model; Investment Portfolio; statistical constraints
Abstract

Throughout history, using capital assets models, such as Markowitz and Index model, is important for investors to compare different portfolios, and decide the asset arrangement. Doing statistical analysis and comparisons of stock prices for different companies is necessary when we want to find the optimal portfolio to make an investment. This research analyzed six corporations’ stock indexes from 2000 to 2020 by using the Markowitz model and Index model. Besides, five different constraints are put and discussed to make the research more useful to implement in realistic settings. The results calculated using the Markowitz and Index model are similar, even though there are slight differences under different constraints. The real meaning of our research is that using the Markowitz model leads to higher returns for the portfolio investment when both models are set to have a maximum standard deviation. Our research provides empirical insight into the investor’s decision.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.170
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.170How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Zeyu Li
AU  - Jin Liu
AU  - Yixin Zhang
AU  - Yuqian Zou
PY  - 2021
DA  - 2021/12/15
TI  - Research on Capital Asset and Investment Portfolio
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1047
EP  - 1053
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.170
DO  - 10.2991/assehr.k.211209.170
ID  - Li2021
ER  -