Concept of searching for anchor goods based on the study of commodity indices

Abstract

The article is devoted to the search for anchor goods — goods whose prices are forming for the prices of groups of goods. The role of the desired anchor product is similar to the role of the anchor currency. The identification of such anchors will allow us to understand the pricing structure, which is presumably of a self-affinity nature. The authors believe that there are several options for why a particular product becomes an anchor: historical, cultural or economic. To identify the main requirements for the anchor product, the behavior and dynamics of price changes of goods included in the CRB index were analyzed. Attention to this index is due, firstly, to its complex but significant role in setting exchange rates, and secondly, its role in analyzing world markets. The CRB index is an indicator of trends in the global commodity market. It displays all the movements and changes in the structure of the world commodity market. The characteristic patterns in the behavior of the goods in question are revealed. Typical phase portraits of their relational series for CRB index products have been revealed. The goods included in the CRB index were regrouped according to the similarity of their behavior relative to each other. Four groups were obtained, within each of which phase portraits of relational time series based on a pair of goods have a similar appearance. Reference phase portraits are described. The basic rules of the anchor product search are formulated based on the study of goods included in the selected commodity index. The conceptual proposals for the search for anchor goods using commodity indexes are formulated Based on the proposed approach, some products were investigated and their ability to play the role of an anchor was evaluated.