Combined MCDM Method for exploring the impact of Fundamental Analysis, Technological Analysis and Investors' Sentiment on the Investment Strategy

碩士 === 開南大學 === 財務金融學系 === 100 === This paper utilizes decision making trial and evaluation laboratory (DEMATEL), DEMATEL-based analytical network process (DANP), and VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) to explore the interrelationship, influential weights, and the gaps of a...

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Bibliographic Details
Main Authors: Hsieh,Fengchun, 謝豐駿
Other Authors: Wang, Mushun
Format: Others
Language:zh-TW
Published: 2012
Online Access:http://ndltd.ncl.edu.tw/handle/40352795801900286226
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Summary:碩士 === 開南大學 === 財務金融學系 === 100 === This paper utilizes decision making trial and evaluation laboratory (DEMATEL), DEMATEL-based analytical network process (DANP), and VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) to explore the interrelationship, influential weights, and the gaps of aspiration level within dimensions/criteria. The empirical findings discover that the criteria possess a self-effect relationship based on DEMATEL technique. According to the influential network relation map (INRM), this study concludes that the future growth is reviewed as the most important principle, following by operational asset management, profitability, moving average, MACD, financial news and titles on newspaper, importantly political event, the future risks, the ratio of finance/bearish, game loss or win, weather. This study suggests that investors should consider the future growth as the most important principle. Eventually, multi-criteria decision making evaluates the emotions of investors and discovers that value-based asset allocation policy is regarded as the optimal solution, with the same result of VIKOR.