Abstract

The analysis of the responsiveness of an asset traded on the stock market to the impact of the market, complements and improves the traditional beta-analysis of the market model. An instrument has been created to supply a more authentic idea of the inner qualities of the system, as more stages of liberty have been conceded to the financial assets. The suggested approach creates opportunities for more precise definition of its responsiveness to the changes of the market. The improvement of the existing analytical instrument allows for a more precise forecast of future profitability of assets.