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Research Upon The Utility Of Fundamental Analysis In Stock Selection

Author

Listed:
  • Ioan-Ovidiu SPATACEAN

    (Faculty of Economics, Law and Administration, Finance and Accounting Department, Petru Maior University from Tirgu Mures)

  • Maria-Ioana BOLOGA

Abstract

Fundamental analysis is an essential step in the selection and management of a portfolio of financial assets since by its specific instruments, it allows the accumulation of valuable information regarding the companies in which an investor, institutional or retail, intends to place his/her financial resources. This article discusses the usefulness of fundamental analysis tools in the selection of a portfolio of shares. The authors hypothesized that a portfolio selected through fundamental analysis on the basis of financial performance, should give investors reasons for satisfaction through higher yields in comparison with a benchmark (stock index). Whatever represents the opposite situation, in our opinion, is an anomaly. Research efforts are directed towards assessing the correlation between the quality of the portfolio selected on fundamental analysis and the market performance, subsequently confirmed or denied.

Suggested Citation

  • Ioan-Ovidiu SPATACEAN & Maria-Ioana BOLOGA, 2015. "Research Upon The Utility Of Fundamental Analysis In Stock Selection," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 109-134, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2015:p:109-134
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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/oeconomica/2015/oeconomica1501_6.pdf
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    More about this item

    Keywords

    fundamental analysis; stock selection; financial assets; portfolio performance; anomaly;
    All these keywords.

    JEL classification:

    • G - Financial Economics

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