Using Grey Incidence Analysis Approach in Portfolio Selection
| Autor: | Boško Šego, Tihana Škrinjarić |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Financial ratio
Risk–return spectrum stock market lcsh:Finance lcsh:HG1-9999 0502 economics and business ddc:330 Econometrics G11 050207 economics financial ratios market data Portfolio Selection Grey Relational Analysis Stock Market Financial Ratios Market Data Performance Measurement 050208 finance 05 social sciences Financial market performance measurement C61 Investment decisions Market data Portfolio portfolio selection Stock market Business Capital market Finance |
| Zdroj: | International Journal of Financial Studies Volume 7 Issue 1 International Journal of Financial Studies, Vol 7, Iss 1, p 1 (2018) |
| ISSN: | 2227-7072 |
| DOI: | 10.3390/ijfs7010001 |
| Popis: | Due to the development of financial markets, products, financial and mathematical models, portfolio selection today represents a comprehensive set of activities. Investors take into consideration many different factors, such as the market factors, return distribution characteristics and financial statements information. This research applies a Grey Relational Analysis (GRA) approach to evaluate the performance on a sample of stocks by taking those different factors into consideration. The results based upon a sample of 55 stocks for the trading year 2017 on the Croatian capital market show that using GRA approach in portfolio selection provides useful guidance for investors when making investment decisions, and better portfolio results in terms of risk and return are reachable compared to an equally weighted portfolio benchmark. |
| Databáze: | OpenAIRE |
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