MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT
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....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Croatian Operational Research Society
2011-02-01
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| Series: | Croatian Operational Research Review |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142184 |
| _version_ | 1818502078185603072 |
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| author | Branka Marasović Tea Poklepović Zdravka Aljinović |
| author_facet | Branka Marasović Tea Poklepović Zdravka Aljinović |
| author_sort | Branka Marasović |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-10T21:04:58Z |
| format | Article |
| id | doaj.art-d324309a44fd40bfac5b66ebaaed8edc |
| institution | Directory Open Access Journal |
| issn | 1848-0225 1848-9931 |
| language | English |
| last_indexed | 2024-12-10T21:04:58Z |
| publishDate | 2011-02-01 |
| publisher | Croatian Operational Research Society |
| record_format | Article |
| series | Croatian Operational Research Review |
| spelling | doaj.art-d324309a44fd40bfac5b66ebaaed8edc2022-12-22T01:33:39ZengCroatian Operational Research SocietyCroatian Operational Research Review1848-02251848-99312011-02-0121122132MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOTBranka Marasović0Tea Poklepović1Zdravka Aljinović2Faculty of Economics Split, University of Split, Split, CroatiaFaculty of Economics Split, University of Split, Split, CroatiaFaculty of Economics Split, University of Split, Split, CroatiaAs 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.http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142184Markowitz M-V modelfundamental analysistechnical analysismulti-criterion approachCroatian stock market |
| spellingShingle | Branka Marasović Tea Poklepović Zdravka Aljinović MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT Croatian Operational Research Review Markowitz M-V model fundamental analysis technical analysis multi-criterion approach Croatian stock market |
| title | MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT |
| title_full | MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT |
| title_fullStr | MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT |
| title_full_unstemmed | MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT |
| title_short | MARKOWITZ' MODEL WITH FUNDAMENTAL AND TECHNICAL ANALYSIS – COMPLEMENTARY METHODS OR NOT |
| title_sort | markowitz model with fundamental and technical analysis complementary methods or not |
| topic | Markowitz M-V model fundamental analysis technical analysis multi-criterion approach Croatian stock market |
| url | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142184 |
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