Accounting for innovation factors in the formation of development strategies of enterprises of the leading sectors of the Russian economy

This article presents new areas of application of the portfolio analysis methodology for the formation of strategies for the development of enterprises in the leading sectors of the Russian economy. Authors take into account the factors of innovation in the face of constant changes in supply and demand, as well as the instability of prices for extracted raw materials and produced metals and products from them. As the leading sectors of the Russian economy, the study takes gas, oil, coal and metallurgical. Authors presented an analysis of the ratio of profitability and risk for different types of raw materials and metals exported from the Russian Federation. In addition, they described results of calculations of the basic criteria for portfolio analysis and assessed the relationship between average export and world prices for fuel and energy resources and metals. Carries analysis makes it possible to identify raw materials and metals, which in a given time range can show both minimal financial risks and the highest possible growth rates of profitability at an accepted level of risk. Obtained results are useful for the enterprises of the leading sectors of the Russian economy to select promising areas for investment and develop their development strategies on this basis.