Ranking and Managing Stock Exchange Markets by Fundamental and Technical Analysis
Subject Areas : policy making
علیرضا علی نژاد
1
(
استادیار دانشگاه آزاد اسلامی، واحد قزوین، دانشکده مهندسی صنایع و مکانیک، قزوین، ایران
)
ابوالفضل کاظمی
2
(
استادیار دانشکده مهندسی صنایع ومکانیک، دانشگاه آزاد اسلامی، واحد قزوین
)
کیوان صراف ها
3
(
فارغ التحصیل کارشناسی ارشد، دانشگاه آزاد اسلامی، واحد قزوین
)
Keywords: Multi-criteria decision-making (MCDM), Stocks Ranking, Fundamental Analysis, Technical Analysis, Arrangement of Stocks Trading, ROMETHEE,
Abstract :
In this paper, a model has been provided for selecting right portfolio in stock exchange. The ranking of financial industries and companies has been applied for the selection of the right stock in this model. These rankings have been done through PROMETHEE Decision- making Method. Technical Analysis aims to determine the right time to buy and sell the superior stocks. A survey study is also done for identifying effective criteria in the evaluation of industry and company. The model developed will be applied in Tehran Stock Exchange (TSE) as a real case to solve the problem. It is concluded that, by using both Fundamental and Technical Analysis, an investor can get higher return on stocks instead of using just one individual analysis. In other words, while Fundamental Analysis distinguishes which stocks is the best to buy, Technical Analysis represents when to buy the superior stocks.