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Author: Timo Schlichting
Publisher: GRIN Verlag
ISBN: 3640377826
Category :
Languages : en
Pages : 125
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Book Description
Diploma Thesis from the year 2008 in the subject Business economics - Investment and Finance, grade: 2,0, University of Applied Sciences Essen, language: English, abstract: Historically considered, fundamental and technical analyses have always competed, often leading to advocates that ideologically judge either a fundamental analysis or technical analysis to be the one and only analyzing concept. Behavioral finance is a relatively new scientific approach to explain psychological anomalies on the stock market, but is also more and more often considered to be able to compete with both fundamental and technical analyses. Still, do these analysis concepts really compete in practice or could they actually supplement each other with their respective strengths? Taking the turbulent stock market phases as well as these unanswered questions about fundamental analysis, behavioral finance and the technical analysis into consideration, this thesis ultimately pursues two general objectives: Firstly, fundamental analysis, behavioral finance and technical analysis should be scientifically examined in terms of their premises, analysis approaches, empirical evidences as well as strengths and weaknesses. Secondly, it should be examined as to whether the fundamental analysis, behavioral finance and technical analysis have theoretical and practical synthesis capabilities that could be used for developing a synthesis concept. The synthesis concept should combine the respective strengths and eliminate the respective weaknesses of each of the three analysis concepts. Fundamental analysis, behavioral finance and technical analysis are examined in detail. Empirical studies should prove if, and by which approaches, the analysis concept is able to predict future stock prices. In order to be able to develop a synthesis concept, each analysis concept is evaluated by a SWOT analysis, pursuing the objective of determining the respective strengths, weaknesses, opportunities and threats of the
Author: Timo Schlichting
Publisher: GRIN Verlag
ISBN: 3640377826
Category :
Languages : en
Pages : 125
Get Book
Book Description
Diploma Thesis from the year 2008 in the subject Business economics - Investment and Finance, grade: 2,0, University of Applied Sciences Essen, language: English, abstract: Historically considered, fundamental and technical analyses have always competed, often leading to advocates that ideologically judge either a fundamental analysis or technical analysis to be the one and only analyzing concept. Behavioral finance is a relatively new scientific approach to explain psychological anomalies on the stock market, but is also more and more often considered to be able to compete with both fundamental and technical analyses. Still, do these analysis concepts really compete in practice or could they actually supplement each other with their respective strengths? Taking the turbulent stock market phases as well as these unanswered questions about fundamental analysis, behavioral finance and the technical analysis into consideration, this thesis ultimately pursues two general objectives: Firstly, fundamental analysis, behavioral finance and technical analysis should be scientifically examined in terms of their premises, analysis approaches, empirical evidences as well as strengths and weaknesses. Secondly, it should be examined as to whether the fundamental analysis, behavioral finance and technical analysis have theoretical and practical synthesis capabilities that could be used for developing a synthesis concept. The synthesis concept should combine the respective strengths and eliminate the respective weaknesses of each of the three analysis concepts. Fundamental analysis, behavioral finance and technical analysis are examined in detail. Empirical studies should prove if, and by which approaches, the analysis concept is able to predict future stock prices. In order to be able to develop a synthesis concept, each analysis concept is evaluated by a SWOT analysis, pursuing the objective of determining the respective strengths, weaknesses, opportunities and threats of the
Author: Paul V. Azzopardi
Publisher: Harriman House Limited
ISBN: 0857190687
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
This work offers a practical, concise introduction to behavioral finance--a method that is revolutionizing investment because it places real human beings at the center of the market, and shows how human sentiment and emotion is what really drives securities markets.
Author: Paul V. Azzopardi
Publisher: Harriman House Limited
ISBN: 1905641419
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
This work offers a practical, concise introduction to behavioral finance--a method that is revolutionizing investment because it places real human beings at the center of the market, and shows how human sentiment and emotion is what really drives securities markets.
Author: John J. Murphy
Publisher: Penguin
ISBN: 110165919X
Category : Business & Economics
Languages : en
Pages : 576
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Book Description
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
Author: V. John Palicka CFA CMT
Publisher: McGraw Hill Professional
ISBN: 0071763104
Category : Business & Economics
Languages : en
Pages : 512
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Book Description
Question: What is the best way to make money on your investments? Answer: There is no one single quick answer. That’s why you need Fusion Analysis. One of the fastest-growing trends in investment today, fusion analysis combines the best of all possible strategies into one powerful, unified system. Based on the now-famous NYIF investment course taught by renowned portfolio manager V. John Palicka CFA CMT, this all-in-one guide shows you how to: Manage fundamental trends like gold investing and small-cap investing Master technical tools such as price forecasts and market data histories Recognize behavioral patterns like fear, greed, impulse, and sentiment Utilize quant systems to adapt, evolve, and balance your investments Whether you’re a hedge fund manager, a portfolio professional, or an individual investor, you’ll find a complete range of techniques that can work together for you. By combining the very best of all investment approaches, Palicka’s integrated system provides the perfect fusion of theory and practice. You’ll learn how to capitalize on the repeating nature of investment psychology—and avoid the emotional fallout that can rattle the market. You’ll learn how to strengthen and diversify your portfolio with strategic buys such as gold and other metals. You’ll learn how to identify future growth companies, evaluate real-estate opportunities, and evaluate your assets for the bigger picture. Once you fuse a strategy together, you can adjust your risks for the highest return possible. In today’s market, you need more than one strategy to grow your investments. You need the full-range potential of Fusion Analysis.
Author: Gordon Scott
Publisher: CFA Institute Research Foundation
ISBN: 1944960120
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
Author: Timo Schlichting
Publisher: GRIN Verlag
ISBN: 3640383079
Category :
Languages : en
Pages : 69
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Book Description
Seminar paper from the year 2008 in the subject Business economics - Investment and Finance, grade: 1,0, University of Applied Sciences Essen, language: English, abstract: The price movements of stocks are the result of complex interdependencies due to a vast number of influencing factors - such as fundamental and psychological factors - are expressed in the expectations and the behavior of the stock market participants. To cope with this complexity and to derive an applicable asset strategy, analysts distinguish particularly between two dominant analysis methods in practice - the Fundamental and the Technical Analysis - which have recently been supplemented by the approach of Behavioral Finance. With reference to a strict interpretation of the theoretical assumptions of the Fundamental as well as the Technical Analysis these two concepts are mutually exclusive. As a result of this there are a vast number of analysts who either acknowledge the Fundamental Analysis while denying the Technical Analysis and vice versa. The Fundamentals criticize that the technical approach has a lack in academic foundation and is, therefore similar to a kind of reading tea leaves, whereas the Technicals are convinced that the Fundamental Analysis is not able to generate an advantage by analyzing the fundamental value drivers of a stock, because those are already reflected by the current market prices. In practice the Fundamental Analysis seems to have its weaknesses particularly during extreme market phases - e.g. during the New Economy bubble at the end of the nineties - in which the psychology of the market participants gains in impact. At the same time the fundamental aspects are seemingly neglected. Furthermore, the fundamental approach seems to have improvement capabilities particularly in terms of timing. Psychological aspects of the market participants are at least indirectly included within the Technical Analysis, which could be particularly used for timing decisions as well. N
Author: Rubén Villahermosa
Publisher: Rubén Villahermosa
ISBN:
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
If you have always wanted to learn how to invest in the stock market but never knew how, then read on because this book has been written for you. Investing in the stock markets is not easy, but you can learn even if you have no prior knowledge. All you need is the right resource: TRADING AND INVESTING FOR BEGINNERS. Ruben Villahermosa, Amazon bestseller and independent trader, has created this revolutionary book with which you can learn from scratch everything you need with a simple language away from technicalities. In this book you will learn... How to improve your personal economy with Financial Education. The most used financial theories. The main investment products. ALL the financial jargon, explained. The basics of Technical Analysis. 3 Technical Analysis Methodologies. 4 winning trading strategies. Key Risk Management concepts. (AWESOME) Emotional management, cognitive biases. How to develop a trading plan step by step. How to properly record and review your trades. And how to start taking your first steps. And much more...! Don't wait any longer, BUY THE BOOK NOW and discover how you too can make money in the stock market. Do you want to make money trading the stock market? In this book I tell you everything you need to Trading in the financial markets and start getting profitability from your savings. The 3 factors you need to become a winning trader or investor 1. Building a winning investment strategy In this book you will learn 4 different types of winning trading strategies that you can implement depending on the market context 2. Implement solid risk management You will apply robust money management strategies and discover advanced techniques for managing trades. 3. Maintain an appropriate market psychology. You will build a statistical and objective mindset, accepting that the market is an environment of uncertainty in which anything can happen at any time. Save Time, Effort and Money Learn about Stock Markets You will discover all the knowledge you need to understand how financial markets work: Market characteristics Main investment products Fundamental concepts and financial jargon You will learn 3 methodologies of Technical Analysis based on the study of the interaction between supply and demand: Price Action Through the study of PRlCE ACTION we will learn to identify the context in order to select the type of trading that best suits it. Volume Profile The VSA methodology identifies the intervention or absence of large traders: when they are entering or exiting, as well as the degree of interest and participation they show in the movements. Wyckoff Method The Wyckoff method focuses on the study of ranges. It tries to elucidate which force is in control and where the next move is most likely to be.
Author: Timo Schlichting
Publisher: GRIN Verlag
ISBN: 3640383532
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
Seminar paper from the year 2008 in the subject Business economics - Investment and Finance, grade: 1,0, University of Applied Sciences Essen, language: English, abstract: The price movements of stocks are the result of complex interdependencies due to a vast number of influencing factors – such as fundamental and psychological factors – are expressed in the expectations and the behavior of the stock market participants. To cope with this complexity and to derive an applicable asset strategy, analysts distinguish particularly between two dominant analysis methods in practice – the Fundamental and the Technical Analysis – which have recently been supplemented by the approach of Behavioral Finance. With reference to a strict interpretation of the theoretical assumptions of the Fundamental as well as the Technical Analysis these two concepts are mutually exclusive. As a result of this there are a vast number of analysts who either acknowledge the Fundamental Analysis while denying the Technical Analysis and vice versa. The Fundamentals criticize that the technical approach has a lack in academic foundation and is, therefore similar to a kind of reading tea leaves, whereas the Technicals are convinced that the Fundamental Analysis is not able to generate an advantage by analyzing the fundamental value drivers of a stock, because those are already reflected by the current market prices. In practice the Fundamental Analysis seems to have its weaknesses particularly during extreme market phases – e.g. during the New Economy bubble at the end of the nineties – in which the psychology of the market participants gains in impact. At the same time the fundamental aspects are seemingly neglected. Furthermore, the fundamental approach seems to have improvement capabilities particularly in terms of timing. Psychological aspects of the market participants are at least indirectly included within the Technical Analysis, which could be particularly used for timing decisions as well. Nevertheless, it has its weaknesses too, e.g. it does not provide clearly defined interpretation rules for its various numbers of chart patterns and technical indicators. Behavioral Finance seems to have its existence authority in practice as well, due to decisions in stock markets made by human beings, who do not always behave total rationally. All these aspects lead to the master question if the two alternative analysis methods – Technical Analysis and Behavioral Finance – can deliver any useable supplements towards the Fundamental Analysis in terms of their practical application?
Author: Michael C. Thomsett
Publisher: John Wiley & Sons
ISBN: 1119019524
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
Robust analysis shows a more complete picture of market behavior Getting Started in Stock Analysis is an exciting visual guide to both technical and fundamental analysis for the private investor. Rather than addressing the benefits of fundamental or technical analysis, author and trader Michael C. Thomsett draws upon three decades' experience in the stock market to demonstrate why traders need to employ both. Readers will learn how both methods are different aspects of the same cause and effect within the market, and how exploiting one method at the expense of the other results in an incomplete picture of the true market behavior. Coverage includes a full explanation of the range of indicators necessary to create a working system of analysis that anyone can perform on their own, helping long- and short-term investors alike improve selection and confirm investment decisions. Charts of actual listed companies demonstrate how these techniques are applied in a real trading environment. Investors and traders are constantly seeking the "magic bullet" for identifying profitable trades and timing both entry and exit. Since the 1940s, the average holding period has fallen from eight years to eight weeks – making fundamental and technical analysis more challenging. This book describes how combining these approaches can compensate for the modern market environment to produce a more accurate – and profitable – analysis. Choose better stocks and other securities Improve entry and exit while managing risk Develop more robust analysis skills Blend fundamental and technical analysis techniques The reduced cost of trading, ease of access via the Internet, and changes in the overall culture of the stock market have increased the pace and volume of trading more than ever before. In this environment, sharp analysis becomes ever more critical. Getting Started in Stock Analysis is the visual guide to more confident investing.
