Skoči na glavni sadržaj

Izvorni znanstveni članak

MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT

Branka Marasović orcid id orcid.org/0000-0002-3725-3939 ; Faculty of Economics Split, University of Split, Split, Croatia
Tea Poklepović orcid id orcid.org/0000-0002-6279-6070 ; Faculty of Economics Split, University of Split, Split, Croatia
Zdravka Aljinović orcid id orcid.org/0000-0002-9133-0149 ; Faculty of Economics Split, University of Split, Split, Croatia


Puni tekst: engleski pdf 498 Kb

str. 122-132

preuzimanja: 2.665

citiraj


Sažetak

As it is well known there are few “starting points” in portfolio optimization process, i.e. in the stock selection process. Famous Markowitz’ optimization model is unavoidable in this job. On the other side, someone may say that the indicators of the fundamental analysis must be the starting point. Beside that, the suggestions of the technical analysis must be taken into consideration. There are really numerous studies of the each approach separately, but it is almost impossible to find researches combining these approaches in logic and efficient unity.
The main task of the paper is to find out if these approaches are complementary and if they are, how to apply them as efficient unit process. The empirical part of the study uses share sample from the Croatian stock market. Beside Markowitz’ MV model, fundamental and technical analysis, big role in the paper has an original multi-criterion approach.

Ključne riječi

Markowitz M-V model; fundamental analysis; technical analysis; multi-criterion approach; Croatian stock market

Hrčak ID:

96628

URI

https://hrcak.srce.hr/96628

Datum izdavanja:

28.2.2011.

Posjeta: 3.493 *