Fundamental analysis : portfolio management tool

Dan, Horatiu Regep: Fundamental analysis : portfolio management tool. In: New Ideas in a Changing World of Business Managament and Marketing. pp. 143-163. (2015)

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The complex process of selecting a portfolio of financial instruments takes into account a particular investment objective, risk aversion of the investor, but also the impact of endogenous and exogenous factors on the evolution and return of the financial instruments. The central point of this paper is the selection of a portfolio of financial instruments based only on financial descriptors for the insurer’s financial status In the first phase, we proposed and tested a statistical model aimed at the connections between the financial statements descriptors of issuers and the market values return of stocks issued by them. Thus, we identified those descriptors, which in the period under review (2010-2013), had a direct impact on the dynamics of stock prices traded on the capital market in Europe and USA. We analyze companies that are part from the structure of Down Jones Industrial Average, WIG 20 and Euro Stoxx50. In the second stage, we calculated the return of the selected companies on the selected period by using investment signals based on fundamental analysis. The main results support the idea that an investor can have a portfolio that generates returns by using exclusively financial descriptors.

Item Type: Book Section
Journal or Publication Title: New Ideas in a Changing World of Business Managament and Marketing
Date: 2015
Page Range: pp. 143-163
Uncontrolled Keywords: Befektetés, Portfólió, Pénzügy
Additional Information: Bibliogr: 152. p. ; összefoglalás angol nyelven
Date Deposited: 2019. May. 28. 14:11
Last Modified: 2019. May. 28. 14:11

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