Selection and composition of a stock portfolio on the basis of the technique analysis
Abstract
This study aims to select the stocks in the Brazilian stock market to compose the portfolio by using the technique analysis. The portfolio selection was in the binging or Augustof 2002. In that moment, twelve stocks were chosen with different proportions. The stocks of corporation were, by decreasing order, the following: Bank of Brazil ON, Embratel PN, Petrobras PN, Itaú Bank PN, Copel PNB, Eletrobrás PNB, Usiminas PNA, Telemar PN, Perdigão PN, Brazil Telepar PN, Bradesco Bank PN, Pão de Açúcar PNA. The results had indicated that, after 12 months, the return of portfolio selection was 94,7%. This performance had been much higher than any other financing market asset, including the indicators of Brazilian stock market as Ibovespa and FVG100. Therefore the technique analysis was powerful process of selecting a portfolio of stock.
Key words: portfolio, technique analysis, capital market, stock market; stock exchange.
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