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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">vestrea</journal-id><journal-title-group><journal-title xml:lang="ru">Вестник Российского экономического университета имени Г. В. Плеханова</journal-title><trans-title-group xml:lang="en"><trans-title>Vestnik of the Plekhanov Russian University of Economics</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2413-2829</issn><issn pub-type="epub">2587-9251</issn><publisher><publisher-name>Plekhanov Russian University of Economics</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.21686/2413-2829-2023-1-94-100</article-id><article-id custom-type="elpub" pub-id-type="custom">vestrea-1529</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ФИНАНСЫ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>FINANCE</subject></subj-group></article-categories><title-group><article-title>Закономерности фондового рынка</article-title><trans-title-group xml:lang="en"><trans-title>Stock Market Laws</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Галанов</surname><given-names>В. А.</given-names></name><name name-style="western" xml:lang="en"><surname>Galanov</surname><given-names>V. A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Владимир Александрович Галанов доктор экономических наук, профессор кафедры мировых финансовых рынков и финтеха</p><p>117997, Москва, Стремянный пер., д. 36</p></bio><bio xml:lang="en"><p>Vladimir A. Galanov Doctor of Economics, Professor of the Department for World Financial Markets and Fintech</p><p>36 Stremyanny Lane, Moscow, 117997</p></bio><email xlink:type="simple">Galanov.VA@rea.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Галанова</surname><given-names>А. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Galanova</surname><given-names>A. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Александра Владимировна Галанова кандидат экономических наук, доцент базовой кафедры инфраструктуры финансовых рынков</p><p>101000, Москва, ул. Мясницкая, д. 20</p></bio><bio xml:lang="en"><p>Aleхandra V. Galanova PhD, Assistant Professor of the Department for Financial Market Infrastructure</p><p>20 Myasnitskaya Str., 101000, Moscow</p></bio><email xlink:type="simple">agalanova@hse.ru</email><xref ref-type="aff" rid="aff-2"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Российский экономический университет имени Г. В. Плеханова</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Plekhanov Russian University of Economics</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Национальный исследовательский университет «Высшая школа экономики»</institution><country>Россия</country></aff><aff xml:lang="en"><institution>National Research University Higher School of Economics</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2023</year></pub-date><pub-date pub-type="epub"><day>07</day><month>02</month><year>2023</year></pub-date><volume>20</volume><issue>1</issue><fpage>94</fpage><lpage>100</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Галанов В.А., Галанова А.В., 2023</copyright-statement><copyright-year>2023</copyright-year><copyright-holder xml:lang="ru">Галанов В.А., Галанова А.В.</copyright-holder><copyright-holder xml:lang="en">Galanov V.A., Galanova A.V.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://vest.rea.ru/jour/article/view/1529">https://vest.rea.ru/jour/article/view/1529</self-uri><abstract/><trans-abstract xml:lang="en"><p>Stock market is seen as a sum total of different happenings, especially if we speak about share price. However, share price, as any other economic phenomenon is a combination of chance and law. Occasional nature of share price is evident in its everyday trading. In this case law is hidden under the opportunity to forecast share prices. For longterm periods law-governed nature of share price can be seen in its trend to growth, which can be accompanied by stock crises. The stock crisis in all its worth, as an even and as a process of share price drop is also a stock market law similar to a trend of its growth in time based on unlimited process of growing profit functioning capital. The law of changing the share price in the long-run period is a combination of opposite laws. Chance built in the growth trend, on the one hand includes uncertainty of both duration of share price growth period and characteristics of its drop during stock crises. On the other hand, long-term dynamics of share price is dynamics of its short-term casual changes.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>фондовый рынок</kwd><kwd>прогнозирование</kwd><kwd>случайный характер цены акции</kwd><kwd>колебания цены</kwd><kwd>тенденция роста цены акции</kwd><kwd>фондовый кризис</kwd><kwd>капитал как основа цены акции</kwd></kwd-group><kwd-group xml:lang="en"><kwd>stock market</kwd><kwd>forecasting</kwd><kwd>casual nature of share price</kwd><kwd>price fluctuations</kwd><kwd>trend of share price growth</kwd><kwd>stock crisis</kwd><kwd>capital as foundation of share price</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Галанов В. А., Галанова А. В. Тренд на развитие социального инвестирования // Вестник Российского экономического университета имени Г. В. 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