{"id":2503,"date":"2026-05-15T20:22:38","date_gmt":"2026-05-15T20:22:38","guid":{"rendered":"https:\/\/europaskolos.lt\/index.php\/2026\/05\/15\/ekstremalus-faktoriai-momentum-ikaista-kai-suklumpa-zemas-garsas\/"},"modified":"2026-05-15T20:22:38","modified_gmt":"2026-05-15T20:22:38","slug":"ekstremalus-faktoriai-momentum-ikaista-kai-suklumpa-zemas-garsas","status":"publish","type":"post","link":"https:\/\/europaskolos.lt\/index.php\/2026\/05\/15\/ekstremalus-faktoriai-momentum-ikaista-kai-suklumpa-zemas-garsas\/","title":{"rendered":"Ekstremal\u016bs faktoriai: \u201eMomentum\u201c \u012fkaista, kai suklumpa \u017eemas garsas"},"content":{"rendered":"<p><\/p>\n<div id=\"post-25580\">&#13;<br \/>\n\t\t\t\t<!-- .entry-header -->&#13;<br \/>\n&#13;<\/p>\n<div class=\"entry-content\">\n<p>Ketvirtadien\u012f JAV akcij\u0173 rinka pakilo iki dar vieno rekordinio lygio \u2013 tai naujas etapas, rodantis, kad kylanti banga pakelia visus akcij\u0173 sektorius. Ta\u010diau rinkos ap\u017evalga per rizikos faktoriaus rizikos objektyv\u0105 pasakoja niuansesn\u0119 istorij\u0105, atskleid\u017eian\u010di\u0105 plat\u0173 tendencij\u0173, i\u0161ry\u0161k\u0117jusi\u0173 nuo konflikto su Iranu prad\u017eios vasario 28 d., i\u0161sisklaidym\u0105, pagr\u012fst\u0105 ETF rinkiniu per vakaryk\u0161t\u012f u\u017edarym\u0105 (gegu\u017e\u0117s 14 d.).<\/p>\n<p>Rezultatai rodo, kad did\u017eioji dalis akcij\u0173 portfelio strategij\u0173 skirtumo karo re\u017eimo laikotarpiu gali b\u016bti siejama su veiksni\u0173 paskirstymu. Pavyzd\u017eiui, tarp pastaruoju metu laim\u0117jusi\u0173 strategij\u0173 yra didel\u0117 tikimyb\u0117, kad portfeliai turi santykinai didelius paskirstymus impulso veiksniui, ty\u010dia ar kitaip.<\/p>\n<p>Impulso faktorius yra ai\u0161kus lyderis, gerokai lenkiantis likusi\u0105 lauk\u0105. Nuo atakos prad\u017eios prie\u0161 beveik tris m\u0117nesius iShares MSCI USA Momentum Factor ETF (MTUM) pakilo 21,6%. Kitas stipriausias rodiklis yra didel\u0117s kapitalizacijos augimas (IWV), kurio augimas 16,3%. Abu fondai skelbia \u017eymiai didesn\u012f peln\u0105, palyginti su rinkos lyginamuoju indeksu per SPDR S&#038;P 500 ETF (SPY), kuris nuo vasario 28 d. padid\u0117jo 9,4%.<\/p>\n<p><\/p>\n<p>Dauguma nuosavyb\u0117s veiksni\u0173 atsilieka nuo pla\u010diosios rinkos (SPY), \u012fskaitant vien\u0105 neigiam\u0105 i\u0161skyrim\u0105. Ma\u017eo nepastovumo faktorius dav\u0117 ypa\u010d prastus rezultatus nuo konflikto prad\u017eios, kuris per\u0117jo \u012f nestabili\u0105 aklaviet\u0119, kuri ir toliau stabdo energijos eksport\u0105 i\u0161 Persijos \u012flankos. Nuo vasario 28 d. iShares MSCI Minimum Volatility ETF (USMV) prarado 2,3 proc.<\/p>\n<p>Nepaisant pagrindini\u0173 akcij\u0173 stipryb\u0117s, did\u0117jantis atotr\u016bkis tarp faktori\u0173 laim\u0117toj\u0173 ir atsilik\u0117li\u0173 rodo, kokia netolygi tapo rinkos vidaus dinamika. \u201eMomentum\u201c dominavimas ir nedidelis nepastovumo nuosmukis rodo, kad investuotojai atsilygina u\u017e nuolatines tendencijas, vengdami gynybin\u0117s pozicijos, net jei geopolitin\u0117 rizika i\u0161lieka didel\u0117. \u0160is skirtumas primena, kad rekordin\u0117s auk\u0161tumos gali u\u017emaskuoti besikei\u010dian\u010dias l\u016b\u017ei\u0173 linijas po pavir\u0161iumi \u2013 l\u016b\u017ei\u0173 linijas, kurios gali b\u016bti daug svarbesn\u0117s, jei dabartin\u0117 geopolitin\u0117 aklaviet\u0117 l\u016b\u017et\u0173 bet kuria kryptimi.<\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><i>I\u0161mokite naudoti R portfelio analizei <\/i><\/span><br \/><span style=\"color: #0000ff;\"><strong>Kiekybin\u0117 investicij\u0173 portfelio analiz\u0117 R:<br \/>R \u012fvadas, skirtas modeliuoti portfelio rizik\u0105 ir gr\u0105\u017e\u0105<img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"https:\/\/ir-na.amazon-adsystem.com\/e\/ir?t=bookscs-20&amp;l=am2&amp;o=1&amp;a=1987583515\" alt=\"\" width=\"1\" height=\"1\" border=\"0\"\/><\/strong><\/span><br \/>James Picerno<\/p>\n<hr\/><\/div>\n<p><!-- .entry-content -->&#13;<br \/>\n\t\t&#13;<\/p>\n<footer class=\"entry-meta\">James Picerno | <time class=\"entry-date\" datetime=\"2026-05-15T06:57:58-04:00\">2026 m. gegu\u017e\u0117s 15 d<\/time> \t\t\t\t\t\t | \t\t\t<span class=\"leave-reply\">komentuoti<\/span>\t\t\t\t\t\t<?php \/\/ edit_post_link( __( 'Edit', 'twentytwelve' ), '<span class=\"edit-link\"?>&#8216;, &#8221; ); ?><br \/>\n\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->&#13;\n\t<\/div>\n<p><a href=\"https:\/\/www.capitalspectator.com\/factor-extremes-momentum-runs-hot-as-low-vol-stumbles\/\"> Nuoroda \u012f informacijos \u0161altin\u012f <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; Ketvirtadien\u012f JAV akcij\u0173 rinka pakilo iki dar vieno rekordinio lygio \u2013 tai naujas etapas, rodantis, kad kylanti banga pakelia visus akcij\u0173 sektorius. Ta\u010diau rinkos ap\u017evalga per rizikos faktoriaus rizikos objektyv\u0105 pasakoja niuansesn\u0119 istorij\u0105, atskleid\u017eian\u010di\u0105 plat\u0173 tendencij\u0173, i\u0161ry\u0161k\u0117jusi\u0173 nuo konflikto su Iranu prad\u017eios vasario 28 d., i\u0161sisklaidym\u0105, pagr\u012fst\u0105 ETF rinkiniu per vakaryk\u0161t\u012f u\u017edarym\u0105 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2504,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[4263,4264,1840,4265,83,1623,4266,4267],"class_list":["post-2503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomika-finansai-bankininkyste","tag-ekstremalus","tag-faktoriai","tag-garsas","tag-ikaista","tag-kai","tag-momentum","tag-suklumpa","tag-zemas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/posts\/2503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/comments?post=2503"}],"version-history":[{"count":0,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/posts\/2503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/media\/2504"}],"wp:attachment":[{"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/media?parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/categories?post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/europaskolos.lt\/index.php\/wp-json\/wp\/v2\/tags?post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}