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Original scientific paper

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

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

Fulltext: english, pdf (498 KB) pages 122-132 downloads: 2.311* cite
APA 6th Edition
Marasović, B., Poklepović, T. & Aljinović, Z. (2011). MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT. Croatian Operational Research Review, 2 (1), 122-132. Retrieved from https://hrcak.srce.hr/96628
MLA 8th Edition
Marasović, Branka, et al. "MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT." Croatian Operational Research Review, vol. 2, no. 1, 2011, pp. 122-132. https://hrcak.srce.hr/96628. Accessed 18 Oct. 2021.
Chicago 17th Edition
Marasović, Branka, Tea Poklepović and Zdravka Aljinović. "MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT." Croatian Operational Research Review 2, no. 1 (2011): 122-132. https://hrcak.srce.hr/96628
Harvard
Marasović, B., Poklepović, T., and Aljinović, Z. (2011). 'MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT', Croatian Operational Research Review, 2(1), pp. 122-132. Available at: https://hrcak.srce.hr/96628 (Accessed 18 October 2021)
Vancouver
Marasović B, Poklepović T, Aljinović Z. MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT. Croatian Operational Research Review [Internet]. 2011 [cited 2021 October 18];2(1):122-132. Available from: https://hrcak.srce.hr/96628
IEEE
B. Marasović, T. Poklepović and Z. Aljinović, "MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT", Croatian Operational Research Review, vol.2, no. 1, pp. 122-132, 2011. [Online]. Available: https://hrcak.srce.hr/96628. [Accessed: 18 October 2021]

Abstracts
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.

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

Hrčak ID: 96628

URI
https://hrcak.srce.hr/96628

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