Fundamental Analysis of Stocks
Article 1.
Prediction of Stock Returns for Growth Firms—A Fundamental Analysis
Meena Sharma & Preeti Sharma.
This paper examines whether fundamental analysis involving two set of signals named traditional and growth. The study is conducted on the sample of 180 low book to market firms listed with National Stock Exchange, during the period 1998 to 2007. The results indicate that fundamental analysis based on growth signals is very successful in differentiating between the firms that are likely to perform well in future.
Reference: Meena Sharma & Preeti Sharma, 2009. “Prediction of Stock Returns for Growth Firms—A Fundamental Analysis,” Vision, , vol. 13(3), pages 31-40, July.
Article 2.
Strategy Of Stock Valuation By Fundamental Analysis
Baresa, Suzana & Bogdan,
Sinisa & Ivanovic, Zoran.
Fundamental analysis examines various financial statements with the aim to asses a real value of company’s stock. This work has the task to systematize knowledge about fundamental analysis, so it can serve as a good base for future research.
Reference: Baresa, Suzana & Bogdan , Sinisa & Ivanovic, Zoran, 2013. “Strategy Of Stock Valuation By Fundamental Analysis,” UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 4(1), pages 45-51.
Article 3
Fundamental Analysis, Decision For Stock Exchange Investments
Hada Teodor & Moraru Alin
Most of specialists take into consideration two analysis types: the fundamental analysis and the technical one, although there are authors considering a third type of analysis, stock exchange analysis. This article focuses on the third analysis type to be part of the fundamental analysis.
Reference : Hada Teodor & Moraru Alin, 2006. “Fundamental Analisys, Decision For Stock Exchange Investments,” Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, “1 Decembrie 1918” University, Alba Iulia, vol. 2(8), pages 1-34
Article 4.
Fundamental Analysis Of The Energetic Sector At Bucharest Stock Exchange
Titus SUCIU
This article analyses six companies in the pharmaceutical sector that quotes at Bucharest Stock Exchange. Following the fundamental analysis, the author concludes that one company has the best financial situation to invest in it.
Reference: Titus SUCIU, 2022. “Fundamental Analysis Of The Energetic Sector At Bucharest Stock Exchange,” Journal of Smart Economic Growth, , vol. 7(2), pages 119-128, September.
Article 5.
Research Upon The Utility Of Fundamental Analysis In Stock Selection
Ioan-Ovidiu SPATACEAN & Maria-Ioana BOLOGA
This article discusses the usefulness of fundamental analysis tools in the selection of a portfolio of shares. The authors hypothesized that a portfolio selected through fundamental analysis on the basis of financial performance, should give investors reasons for satisfaction through higher yields in comparison with a benchmark (stock index).
Reference: Ioan-Ovidiu SPATACEAN & Maria-Ioana BOLOGA, 2015. “Research Upon The Utility Of Fundamental Analysis In Stock Selection,” STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 109-134, December.
Article 6.
The Use of Technical and Fundamental Analyses By Stock Exchange Brokers: Indian Evidence
Naveen Kumar Baradi & Sanjay Mohapatra
This paper presents findings of an online questionnaire survey, conducted among stock brokers of Bombay Stock Exchange, India, over the use of technical and fundamental analysis to form forecasts of stock price movements.
It was noticed that at shorter time periods, there exists a skew towards reliance on technical analysis as compared to fundamental analysis, but as the length of time period increases the skew shifts to fundamental analysis.
Reference: • Naveen Kumar Baradi & Sanjay Mohapatra, 2014. “The Use of Technical and Fundamental Analyses By Stock Exchange Brokers: Indian Evidence,” Journal of Empirical Economics, Research Academy of Social Sciences, vol. 2(4), pages 190-203.
Article 7.
Fundamentals and stock returns on the Warsaw Stock Exchange.
Monika Witkowska
This study examines the relationship between the future stock returns and the fundamental indices for companies listed on the Warsaw Stock Exchange in Poland. Empirical analysis based on a panel data model for 187 companies in years 1999 – 2003 finds that the future stock returns are significantly related to three fundamental variables, i.e. gross margin, sales and administrative expenses and return on assets.
Reference: Monika Witkowska, 2006. “Fundamentals and stock returns on the Warsaw Stock Exchange. The application of panel data models,” Working Papers 11, Department of Applied Econometrics, Warsaw School of Economics.
Article 8.
Building an Optimal Portfolio Using Fundamental Analysis of Stocks
Serban Florentin & Busu Mihail & Tudorache Ana
This article discusses some of the most popular methods of stock assessment using fundamental analysis and propose a build of portfolio for stocks listed at Italian Stock Market using indicators of fundamental analysis.
Reference: Serban Florentin & Busu Mihail & Tudorache Ana, 2012. “Building an Optimal Portfolio Using Fundamental Analysis of Stocks,” Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1672-1677, May.
Article 9.
The predictability of Ghana stock returns: implications of fundamental information analysis
Isaac Boadi
The purpose of this research is to examine the predictability of stock returns by using fundamental information analysis in the Ghana stock market. Findings from this research reveal that fundamental information, i.e., selected financial ratios are statistically significant predictor of stock returns (STR) across all the listed firms.
Reference : Isaac Boadi, 2018. “The predictability of Ghana stock returns: implications of fundamental information analysis,” International Journal of Business and Globalization, Inderscience Enterprises Ltd, vol. 20(1), pages 50-70.
Article 10
Importance of Fundamental Analysis in the Market Valuation of the Medical Sector. Evidence from a Developed Stock Market.
Gabriel Druta & Laura Raisa Milos
This study was conducted with the aim of showing the importance of fundamental analysis in valuing the companies in the medical sector, listed on Frankfurt Stock Exchange. The analysis period is 2008-2019 and the sample consists of 24 companies. As a result of the econometric modelling, it has emerged that fundamental analysis is a decisive one in the evolution of the market price of the companies listed on the German capital market.
Reference: Gabriel Druta & Laura Raisa Milos, 2022. “Importance of Fundamental Analysis in the Market Valuation of the Medical Sector. Evidence from a Developed Stock Market,” Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 873-881, September.
Conclusion:_______
The Fundamental analysis responds to the question: which company is best for investment?
It is an essential step in the selection and management of a portfolio of financial assets. Fundamental analysis uses publicly available financial data to evaluate the value of an investment. The data is recorded on financial statements such as quarterly and annual reports and filings .