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Using Technical Analysis for Portfolio Selection and Post-Investment Analysis

Author

Listed:
  • FLORIN TURCAŞ

    (The Bucharest Academy of Economic Studies)

  • FLORIN DUMITER

    (“Vasile Goldiş” Western University of Arad)

  • ALEXANDRA BRAICA

    (“Vasile Goldiş” Western University of Arad)

  • PETRE BREZEANU

    (The Bucharest Academy of Economic Studies)

  • ANCA OPREŢ

    (The Bucharest Academy of Economic Studies)

Abstract

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.

Suggested Citation

  • Florin Turcaş & Florin Dumiter & Alexandra Braica & Petre Brezeanu & Anca Opreţ, 2016. "Using Technical Analysis for Portfolio Selection and Post-Investment Analysis," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(1), pages 197-214.
    • Handle: RePEc:cys:ecocyb:v:50:y:2016:i:1:p:197-214
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    Cited by:

    1. Nicolae Balteș & Ștefania Amalia Jimon, 2020. "Financial Performance of Mandatory Private Pension Funds in Countries of Central and Eastern Europe. A Comparative Study Between Romania and Slovakia," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 829-837, August.

    More about this item

    Keywords

    Shares; Technical Analysis; Portfolio; Modern Portfolio Theory.;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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