Using Technical Analysis for Portfolio Selection and Post-Investment Analysis
Florin Turcaş (),
Florin Dumiter (),
Alexandra Braica (),
Petre Brezeanu () and
Anca Opreţ ()
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Florin Turcaş: The Bucharest Academy of Economic Studies
Florin Dumiter: “Vasile Goldiş” Western University of Arad
Alexandra Braica: “Vasile Goldiş” Western University of Arad
Anca Opreţ: The Bucharest Academy of Economic Studies
ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2016, vol. 50, issue 1, 197-214
Modern Portfolio Theory selects financial assets based on returnrisk analysis. The parameters are the average of daily rate of return, the dispersion of returns and the correlation between the financial assets. This paper subscribes to the many critiques, which highlighted the weaknesses of this approach; some of these critiques are detailed here, while the approach proposed in this paper overcomes them. The substantiation based on technical analysis will allow us the selection of different types of financial assets, determining their weight and effective monitoring the portfolio, depending on the investment intent.
Keywords: Shares; Technical Analysis; Portfolio; Modern Portfolio Theory. (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cys:ecocyb:v:50:y:2016:i:1:p:197-214
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