Plastun Alex

Doctor Thesis Synopsis “Price forecasting in financial markets”

Alex Plastun before joining the SSU, he was a trader and analyst in several investment companies including Admiral Markets Ltd, ForexService Ltd., MTrading, Option24 and others. He still trades in the different financial markets using his own trading strategies. Professor Plastun tries to reconcile his experience as a trader with the academic theory and is constantly searching for market inefficiencies.

Courses: Financial Markets Analysis, Dealing: basics, International Investment Analysis, Basics of Speculations and Internet-Trading, Methods and models in analysis and auditing.

Research Interests: financial markets, stock market, FOREX, asset price forecasting, speculations

Professional achievements:

He was awarded with scholarships from Berkley University (USA).

Remote Scholarship (June 2023 – August 2023) from University of Liverpool, Liverpool, UK

Professor Plastun has led the ranking of top authors in Ukraine according to RePEc (one of the world’s largest depositories on economic papers).  

Interviewed by Bloomberg 

A graduate of the Ukrainian Academy of Banking of the NBU. Specialty “Banking”, diploma with honors. In 2007 he graduated from the NABU UABS. Candidate of Economic Sciences (2008), Associate Professor (2008), Doctor of Economic Sciences (2016), Professor (2018).

Scholars and awards: scholarship of the Cabinet of Ministers of Ukraine for young scientists (2018-2020). He was awarded diplomas of the Sumy Regional State Administration for significant achievements in scientific activity (2012, 2016, 2017), a nominal scholarship of Bank Aval for the best students (2003), a nominal scholarship of the National Bank of Ukraine (2004).

Research funding and grants

• University of Applied Sciences, Kufstein [2021]: Coordinator for the joint Ukrainian Austrian scientific project (Ministry of Education and Science of Ukraine) for 2021-2022. Project title: “Transformation of financial markets: responsible investment and Sustainable Development Goals as an element of improving the health care system“.
• Czech University of Life Sciences [2022]: Coordinator for the joint project of the Czech University of Life Sciences in Prague and Sumy State University: «Transparency of Agriculture Companies: Responsible Investment Rationale for Better Decision Making under Sustainability». 
• Czech University of Life Sciences [2020]: Coordinator for the joint project of the Czech University of Life Sciences in Prague and Sumy State University: “Sustainable Development Goals in Agriculture and Responsible Investment”.
• Ministry of Education of Ukraine [2020]: Project leader in R&D funded by the in Young Scientists Contest “Fractal model of transformation of the Ukrainian stock market: socially responsible investing to achieve the Sustainable Development Goals”.
• Ministry of Education of Ukraine [2017]: Project leader in R&D funded by the Ministry of Education of Ukraine in Young Scientists Contest “Modeling and forecasting the behavior of financial markets as an information basis for ensuring financial stability and security of the state”.

Editor-in-Chief of Banks and Bank Systems (Scopus).

Reviewer in international scientific journals: “Finance Research Letters” (UK), “Research in International Business and Finance” (Netherlands), “Empirical Economics” (Austria), “Journal of Economic Studies” (UK), “Computational economics” ( Netherlands), International Review of Applied Economics (UK), Investment Analysts Journal (South Africa), Economic Modeling (Netherlands) and others.

Member of the expert council of the Ministry of Education and Science on examination of projects of scientific projects, scientific and technical (experimental) developments of young scientists Section №6 “Economic transformations: demographic changes and well-being of society” (2017-2019).

Member of the expert council of the Ministry of Education and Science on examination of projects of scientific works, scientific and technical (experimental) developments student Section №17 “Economics” (since 2019)

Member of the Public Union “Chamber of Auditors and Accountants of Ukraine” (2019).

He worked as an expert for several organizations, including the World Economic Survey IFO Institute (Germany), the CESifo research group (Germany).

Research work: Author of more than 100 research items. Published in Oxford University Press and a number of respectful academic journals including “Finance Research Letters” (UK), “Research in International Business and Finance” (Netherlands),  “Journal of Economic Studies” (UK), “Computational economics” ( Netherlands), Investment Analysts Journal (South Africa), The North American Journal of Economics and Finance (USA) etc.

Researcher’s Profiles

Researchgate Profile
ORCID
Scopus Profile
Researcher ID: L-7631-2014
Publons Profile

Hobbies: tennis, e-sports (Starcraft 2), financial market analytics.

Authors certificates

1.  Authors certificate №78919 (2018) “Сomputer program ‘Hurst’ “
2. Authors certificate №78922 (2018) « Dynamic R/S analysis methodology for assessing the persistence of financial data series »
3. Authors certificate № 88176 (2019) « Сomputer program «Оverreaction»
4. Authors certificate №88177 (2019) « Methodology for determining the most relevant Sustainable Development Goals for incorporation into the activities of financial institutions »
5.  Authors certificate № 98000 (2020) «Methods of comparative analysis of traditional and responsible investment models»
6.  Authors certificate № 97800 (2020) « Сomputer program Weekend Strategy 1: Friday and Monday»
7. Authors certificate No. 98001 (2020) “Model of diagnosis and forecasting of the level of financial stability of the country”
8. Authors certificate No. 97806 (2020) “Methodology for assessing and analyzing the debt sustainability of Ukraine»
9. Authors certificate № 4927 (2020) «Methodology for assessing the institutional, operational and financial independence of financial supervision bodies in Ukraine»
10. Authors certificate № 4947 (2020) «The transmission model of the stability of the financialsector on the level of financial security of the state»
11. Authors certificate № 98072 (2020) « Сomputer program Weekend Strategy 2: Monday open and close»
12. Authors certificate № 113944 (2022) A methodical approach to determining the impact of price effects after one-day abnormal returns on ESG and traditional indices
13.  Authors certificate № 113524 (2022) Methodological principles of modeling the impact of traditional and ESG indices on the net international investment position
14.  Authors certificate № 114813 (2022) «Formalization of the relationship between the volumes of responsible investment and indicators (parameters) of the stock market»
15. Authors certificate № 6555 (2022) Conceptual foundations of impact investing for the post-conflict recovery of Ukraine’s economy

Commercial contracts:

Commercial contracts in 2018:

№ 01/56.16-2018 with ТОВ «ЕФ ІКС ПРИВАТ КАМПАНІ ЛТД» – 2400 UAH.
№ 02/56.16-2018 with ТОВ «Бізнес Унікум» – 2400 UAH.
№ 03/56.16-2018 with ТОВ «ФАРБМАСТЕР-ЧЕРКАСИ» – 3000 UAH.

Commercial contracts in 2019:

№ 56.16-2019.СП/01 with ТОВ «ЕФ ІКС ПРИВАТ КАМПАНІ ЛТД» – 4800 UAH;
№ 56.16-2019.СП/02 with ТОВ «ЕФ ІКС ПРИВАТ КАМПАНІ ЛТД» – 4800 UAH;
№ 56.16-2019.СП/03 with ТОВ «ЕФ ІКС ПРИВАТ КАМПАНІ ЛТД» – 4800 UAH;
№ 56.16-2019.СП/05 with ТОВ “Проксіма-Сервіс” – 3600 UAH.

Commercial contracts in 2020:

№ 56/16-2020/CП/01 with ТОВ «Бізнес Унікум – 5000 UAH.

Commercial contracts in 2021:

№53.15-2021.СП/02 with ТОВ «Бізнес Унікум – 5000 UAH.

Commercial contracts in 2022:

1. №53.15-2022.СП/01 with АФ ТОВ «Сумикооп-аудит»– 5000 UAH
2. №53.15-2022.СП/02 with АФ ТОВ «ПРОФЕСІОНАЛ СВ» – 5000 UAH

Commercial contracts in 2023:
1. №53.15-2023.СП/01 with «АЛЬФА-АУДИТ» – 5000 UAH
2. №53.15-2023.СП/02 with ТОВ «Мілабуд-2019» – 5000 UAH

Student’s supervision

Bychenko Diana Oleksandrivna c. ME.m-81a, Yeremenko Olga Oleksiivna c. ME-72a.an, II round of the All-Ukrainian competition of student research papers in the specialty "International Economic Relations" in 2019/2020 n.y. (Supervisor Plastun O.L.) 3rd place

Major publications

1. Caporale, Guglielmo Maria, Plastun, Alex (2023) Seven pitfalls of technical analysis, Reference Module in Social Sciences, Elsevier,
   https://doi.org/10.1016/B978-0-44-313776-1.00001-5
2. Plastun, Alex, Inna Makarenko, Liudmyla Huliaieva, Tetiana Guzenko and Iryna Shalyhina (2023). ESG vs conventional indices: Comparing efficiency in the Ukrainian stock market. Investment Management and Financial Innovations, 20(2), 1-15. doi:10.21511/imfi.20(2).2023.01
3. Caporale, Guglielmo Maria, Plastun, Alex (2023) Witching days and abnormal profits in the us stock market, Cogent Economics & Finance, 11 (1), https://doi.org/10.1080/23322039.2023.2182016 (Scopus+WoS, Q2)
4. Caporale Guglielmo Maria, Gil-Alana, Luis, Plastun, Alex, Havrylina, Ahniia (2022). Persistence in the passion investment market, Heliyon, 8 (12), E12555 DOI: https://doi.org/10.1016/j.heliyon.2022.e12555 (Scopus+WoS, Q1)
5. Caporale, Guglielmo Maria and Plastun, Alex, (2022). Abnormal Returns and Stock Price Movements: Some Evidence from Developed and Emerging Markets Journal of Investment Strategies, Vol. 10, No. 4, 29-42 DOI: 10.21314/JOIS.2022.001 (WoS,+Scopus, Q3)
6. Plastun, A., Bouri, E., Havrylina, A., Ji, Q. (2022) Calendar anomalies in passion investments: Price patterns and profit opportunities. Research in International Business and Finance Volume 61, https://doi.org/10.1016/j.ribaf.2022.101678. (Scopus+WoS, Q1)
7. Plastun, Alex, Ludmila Khomutenko, and Serhii Bashlai. 2022. “Is There Any Witching in the Cryptocurrency Market?” Journal of Risk and Financial Management 15, no. 2: 92. https://doi.org/10.3390/jrfm15020092 (WoS+Scopus)
8. Plastun, A., Bouri, E., Gupta, R., Ji, Q. (2022) Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices. North American Journal of Economics and Finance, 59, № 101572, DOI: 10.1016/j.najef.2021.101572 (Scopus, Q2)
9. Plastun, Alex, Ahniia Havrylina, Liudmyla Sliusareva, Nataliya Strochenko and Olga Zhmaylova (2021). Daily abnormal returns and price effects in the “passion investments” market. Investment Management and Financial Innovations, 18(4), 141-149. doi:21511/imfi.18(4).2021.13 (Scopus, Q3)
10. Caporale, G.M., Plastun, A., Oliinyk, V. (2021). The frequency of one-day abnormal returns and price fluctuations in the forex Journal of Applied Economics, VOL. 24, NO. 1, 401–415 https://doi.org/10.1080/15140326.2021.1953914 (Scopus, Q2)
11. Plastun Alex, Xolani Sibande, Rangan Gupta, Mark E. Wohar, (2021), Evolution of the price effects after one-day abnormal returns in the us stock market, The North American Journal of Economics and Finance, 57 https://doi.org/10.1016/j.najef.2021.101405 (Scopus, Q2)
12. Caporale, G. M., Plastun, A., & Oliinyk, V. (2021). Bitcoin Returns and the Frequency of Daily Abnormal Returns. Ledger, 6. https://doi.org/10.5195/ledger.2021.216 (WoS)
13. Caporale, G.M., Plastun, A. (2021). Gold and oil prices: abnormal returns, momentum and contrarian effects. Financial Markets and Portfolio Management, 35, 353–368 https://doi.org/10.1007/s11408-021-00380-w (Scopus, Q4)
14. Caporale, G.M. and Plastun, A. (2021), “Daily abnormal price changes and trading strategies in the FOREX”, Journal of Economic Studies, Vol. 48 No. 1, pp. 211-222. https://doi.org/10.1108/JES-11-2019-0503 (Scopus + WoS, Q2)
15. Caporale, G.M., Plastun, A. (2020). Momentum effects in the cryptocurrency market after one-day abnormal returns. Financ Mark Portf Manag 34, 251–266 https://doi.org/10.1007/s11408-020-00357-1 (Scopus, Q4)
16. Plastun Alex, Xolani Sibande, Rangan Gupta, Mark E. Wohar, (2020), Price gap Anomaly in the US Stock Market: The Whole Story, The North American Journal of Economics and Finance, 52 https://doi.org/10.1016/j.najef.2020.101177. (Scopus, Q2)
17. “Behavioral finance market hypotheses” (Alex Plastun), Chapter 24 of Financial Behavior: Players, Services, Products, and Markets, edited by H. Kent Baker, Greg Filbeck, and Victor Ricciardi, Oxford University Press USA, New York, 2017, 680 p.
18. Plastun Alex, Xolani Sibande, Rangan Gupta, Mark E. Wohar, (2020), Halloween Effect in developed stock markets: A historical perspective, International Economics  (Scopus + WoS, Q1)
19. Plastun Alex, Xolani Sibande, Rangan Gupta, Mark E. Wohar, (2020), Historical Evolution of Monthly Anomalies in International Stock Markets, Research in International Business and Finance, 52  (Scopus + WoS, Q2)
20. Caporale, G. and Plastun, A. (2019), On stock price overreactions: frequency, seasonality and information content, Journal of Applied Economics, 22 (1), 602-621, DOI (Scopus+WoS, Q2)
21. Caporale G. M. and Alex Plastun, (2019), The day of the week effect in the cryptocurrency market Finance Research Letters, 31 Available online ISSN 1544-6123,  (Scopus+WoS, Q2)
22. Caporale, G. and Plastun, A. (2019), “Price overreactions in the cryptocurrency market”, Journal of Economic Studies, Vol. 46 No. 5, pp. 1137-1155. (Scopus+WoS,Q1)
23. Caporale, G.M., Plastun, A. & Oliinyk, V. (2019). Bitcoin fluctuations and the frequency of price overreactions. Financial Markets and Portfolio Management. Volume 33, Issue 2, pp 109–131  (Scopus,Q4) 
24. Caporale G. M. Luis Gil-Alana, Alex Plastun, (2019) Long memory and data frequency in financial markets Journal of Statistical Computation and Simulation, 89:10, 1763-1779, DOI (Scopus + WoS)
25. Plastun Alex, Xolani Sibande, Rangan Gupta, Mark E. Wohar, (2019), Rise and fall of calendar anomalies over a century, The North American Journal of Economics and Finance, Volume 49, 181-205,  (Scopus + WoS, Q2)
26. Caporale, G.M., Gil-Alana, L. & Plastun, A. (2019). Long-term price overreactions: are markets inefficient? Journal of Economics and Finance, 43 (4), 657-680  (Scopus, Q3)
27. Caporale G. M. Luis Gil-Alana, Alex Plastun, (2018), Is market fear persistent? A long-memory analysis Finance Research Letters Available online 23 February 2018, ISSN 1544-6123,  (Scopus+WoS, Q2)
28. Caporale G. M. Luis Gil-Alana, Alex Plastun, (2018). Persistence in the cryptocurrency market. Research in International Business and Finance, Volume 46, Pages 141-148  (Scopus+WoS, Q2)
29. Guglielmo Maria Caporale, Alex Plastun, (2017) Price gaps: another market anomaly? Investment Analysts Journal. Vol. 46, No. 4, 279-293.  (Scopus+WoS, Q3)
30. Caporale, Guglielmo Maria and Gil-Alana, Luis and Plastun, Alex (2017), Short-term Price Overreactions: Identification, Testing, Exploitation, Computational Economics. 
31. Guglielmo Maria Caporale, Luis Gil-Alana, Alex Plastun, (2016) “The weekend effect: an exploitable anomaly in the Ukrainian stock market?”, Journal of Economic Studies, Vol. 43 Iss: 6, pp. – 954-965
32. Caporale, Guglielmo Maria and Gil-Alana, Luis and Plastun, Alex (2017), Searching for inefficiencies in exchange rate dynamics. Computational Economics. Volume 49, Issue 3, pp 405–432 
33. Caporale, Guglielmo Maria and Gil-Alana, Luis and Plastun, Alex and Makarenko, Inna, (2015), Intraday Anomalies and Market Efficiency: A Trading Robot Analysis. Computational Economics. Computational Economics. February 2016, Volume 47, Issue 2, pp 275-295 
34. Caporale, Guglielmo Maria and Gil-Alana, Luis and Plastun, Alex and Makarenko, Inna, (2014), Long memory in the Ukrainian stock market and financial crises. Journal of Economics and Finance. April 2016, Volume 40, Issue 2, pp 235-257 

Methodological publications

2018:
1. International investments and financial markets analysis [Text]: synopsis of lectures “International investments and financial markets analysis” / [comp. I.O. Makarenko, O.L. Plastun, Yu.M. Petrushenko]; Sumy State University – Sumy: NNI BT “UABS” Sumy State University, 2018. – 201 p. – Mode of access: https://essuir.sumdu.edu.ua/handle/123456789/65639
2013: 
1. Accounting in the fields of economic activity [Text]: methodical recommendations for conducting practical classes [article O.I. Hrytsenko, O.L. Plastun] ; State higher educational institution “Ukrainian Academy of Banking of the National Bank of Ukraine”. – Sumy: “UABS NBU”, 2013. – 46 p.
2012:
1. Management information systems in analysis and audit [Text]: methodological instructions for laboratory works / [comp. O.L. Plastun, V.S. Dombrovsky] ; State higher educational institution
“Ukrainian Academy of Banking of the National Bank of Ukraine”. – Sumy: “UABS NBU”, 2012. – 41 p.

Selected ESG-related publications:

Caporale, Guglielmo Maria Gil-Alana, Luis Plastun, Alex and Makarenko, Inna, (2022), “Persistence in ESG and conventional stock market indices”. Journal of Economics and Finance. https://doi.org/10.1007/s12197-022-09580-0

Plastun, A., Bouri, E., Gupta, R., Ji, Q. (2022) Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices. North American Journal of Economics and Finance, 59, № 101572, DOI: 10.1016/j.najef.2021.101572 

Plastun, A., Bouri, E., Gupta, R., Ji, Q. (2022) Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices. North American Journal of Economics and Finance, 59, № 101572, DOI: 10.1016/j.najef.2021.101572 

Plastun, A., Bouri, E., Havrylina, A., Ji, Q. (2022) Calendar anomalies in passion investments: Price patterns and profit opportunities. Research in International Business and Finance Volume 61, https://doi.org/10.1016/j.ribaf.2022.101678

Plastun, Alex, Inna Makarenko, Liudmyla Huliaieva, Tetiana Guzenko and Iryna Shalyhina (2023). ESG vs conventional indices: Comparing efficiency in the Ukrainian stock market. Investment Management and Financial Innovations, 20(2), 1-15. doi:10.21511/imfi.20(2).2023.01

Makarenko, I., Plastun, A., Kozmenko, S., Kozmenko, O. and Rudychenko, A. (2022) “Corporate Transparency, Sustainable Development and SDG 2 and 12 in Agriculture: The Case of Ukraine”, AGRIS on-line Papers in Economics and Informatics, Vol. 14, No. 3, pp. 57-70. ISSN 1804-1930. DOI 10.7160/aol.2022.140305

Makarenko I., Plastun A., Petrushenko Y., Vorontsova A., Alwasiak S. (2021). SDG 4 and SDG 8 in the knowledge economy: A meta-analysis in the context of post-COVID-19 recovery. Knowledge and Performance Management, 5(1), 50-67. doi:10.21511/kpm.05(1).2021.05