Investor Education Centre
Free interactive tools designed for investors in Central Asia and CIS frontier markets.
Risk Profiler
A 9-question assessment that maps your financial situation, investment time horizon, and loss tolerance to a recommended portfolio allocation across equities, fixed income, cash, and alternatives — calibrated for CIS and Central Asian frontier-market exposures.
Wealth Target Calculator
An interactive compound-growth calculator. Enter your starting capital, monthly savings, target wealth, and time horizon to model the annual return required — and see how frontier-market equity allocations fit your plan.
Bank Fair-Value Model — Justified Price-to-Book
An interactive implementation of the justified P/BV formula used by equity analysts to assess whether a bank's market price is supported by its fundamentals:
Justified P/BV = (ROE − g) ÷ (COE − g)
Adjust sustainable return on equity (ROE), long-run growth (g), and cost of equity (COE) via sliders or choose an illustrative scenario — Value Creator, Earns its Hurdle, or Value Destroyer. The model returns a justified price-to-book multiple, compares it to an actual market P/BV, and derives the market-implied cost of equity. A COE build-up panel lets you assemble the discount rate from its components: risk-free rate, equity risk premium, beta, and country risk premium — critical for frontier markets where the country risk premium can exceed the base rate. The tool includes a sensitivity chart and a detailed explainer on why price-to-book is the right lens for banks, how to source each input for Kazakhstan, Azerbaijan, Georgia, Turkey and Uzbekistan, and the intellectual lineage from Gordon Growth Model through Ohlson residual-income to the modern value-driver formula.
Tools and research by Mansur Mammadov, Equity Research Analyst.