Fundamental Analysis, Technical Analysis, and Mutual Fund Performance

Cheng Few Lee

Chapter 94 in Handbook of Investment Analysis, Portfolio Management, and Financial Derivatives:In 4 Volumes, 2024, pp 3099-3157 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter discusses methods and applications of fundamental analysis and technical analysis. In addition, it investigates the ranking performance of the Value Line and the timing and selectivity of mutual funds. A detailed investigation of technical versus fundamental analysis is first presented. This is followed by an analysis of regression time series and composite methods for forecasting security rates of return. Value Line ranking methods and their performance are then discussed, leading finally into a study of the classification of mutual funds and the mutual fund managers’ timing and selectivity ability. In addition, the hedging ability is also briefly discussed. Sharpe measure, Treynor measure, and Jensen measure are defined and analyzed. All of these topics can help improve performance in security analysis and portfolio management.

Keywords: Financial Accounting; Financial Auditing; Mutual Funds; Hedge Funds; Asset Pricing; Options; Portfolio Analysis; Risk Management; Investment Analysis; Momentum Analysis; Behavior Analysis; Futures; Index Futures; CDCs; Financial Econometrics; Statistics; Financial Derivatives; Financial Accounting (search for similar items in EconPapers)
JEL-codes: G1 G11 G12 G3 M41 M42 (search for similar items in EconPapers)
Date: 2024
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