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Stock Selection

  • Panos Xidonas
  • George Mavrotas
  • Theodore Krintas
  • John Psarras
  • Constantin Zopounidis
Chapter
  • 1.6k Downloads
Part of the Springer Optimization and Its Applications book series (SOIA, volume 69)

Abstract

This chapter primarily addresses security analysis and evaluation. We develop a multicriteria methodology for equity selection, exploiting the valuable tool of financial analysis (FA), which is the most appropriate evaluation approach regarding investment decisions within a long-term horizon. FA involves identifying the strengths and weaknesses of firms, mainly through judgmental procedures. The latter address the qualitative evaluation and interpretation of financial ratios as they arise from accounting statements. FA can also be viewed as the activity of providing input during the portfolio construction phase because it entails the process of analyzing the special characteristics of securities and corresponding firms, leading to final selection recommendations.

Keywords

Analytical Hierarchy Process Corporate Performance Financial Ratio Portfolio Selection Problem Assignment Procedure 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2012

Authors and Affiliations

  • Panos Xidonas
    • 1
  • George Mavrotas
    • 2
  • Theodore Krintas
    • 3
  • John Psarras
    • 1
  • Constantin Zopounidis
    • 4
  1. 1.School of Electrical & Computer EngineeringNational Technical University of AthensAthensGreece
  2. 2.School of Chemical EngineeringNational Technical University of AthensAthensGreece
  3. 3.Attica Wealth ManagementAthensGreece
  4. 4.Department of Production Engineering & ManagementTechnical University of CreteChaniaGreece

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