Evaluation of the Stock Quote Stochastic Approach, Market Efficiency and Technical Analysis

Vasile Bratian, Claudiu Opreana and Amelia Bucur
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Vasile Bratian: Department Finance and Accounting, Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Romania,
Claudiu Opreana: Department Finance and Accounting, Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Romania,
Amelia Bucur: Department of Mathematics and Informatics, Faculty of Sciences, Lucian Blaga University of Sibiu, Romania

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 5, 307-316

Abstract: The paper presents, theoretically and practically, the evaluation of the stock quote using the stochastic technique, market efficiency and the technical analysis, and the object of the study is the stock quote of Electrica SA, listed on the Bucharest Stock Exchange. One of the current paradigms, in which the stock quote is evaluated, considers this to be a random variable of continuous type. Our developments are subject to this paradigm. We also consider the technical analysis of the stock quote used in the study, complementary to the stochastic calculation. Prior to the technical analysis is carried out a test of the weak-form market efficiency, required to justify such an approach.

Keywords: stochastic calculation; market efficiency; technical analysis (search for similar items in EconPapers)
JEL-codes: C02 C13 G14 G17 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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