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Evaluation of the Stock Quote Stochastic Approach, Market Efficiency and Technical Analysis

Author

Listed:
  • Vasile Bratian

    (Department Finance and Accounting, Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Romania,)

  • Claudiu Opreana

    (Department Finance and Accounting, Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Romania,)

  • Amelia Bucur

    (Department of Mathematics and Informatics, Faculty of Sciences, Lucian Blaga University of Sibiu, Romania)

Abstract

The paper presents, theoretically and practically, the evaluation of the stock quote using the stochastic technique, market efficiency and the technical analysis, and the object of the study is the stock quote of Electrica SA, listed on the Bucharest Stock Exchange. One of the current paradigms, in which the stock quote is evaluated, considers this to be a random variable of continuous type. Our developments are subject to this paradigm. We also consider the technical analysis of the stock quote used in the study, complementary to the stochastic calculation. Prior to the technical analysis is carried out a test of the weak-form market efficiency, required to justify such an approach.

Suggested Citation

  • Vasile Bratian & Claudiu Opreana & Amelia Bucur, 2017. "Evaluation of the Stock Quote Stochastic Approach, Market Efficiency and Technical Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 307-316.
    • Handle: RePEc:eco:journ1:2017-05-37
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    Citations

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    Cited by:

    1. Doh-Khul Kim & Sung-Min Kim, 2022. "What Do We Learn from Daily Leaders and Laggards in Stock Investment? Do They Help Outperform the Market Average?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(2), pages 1-44, February.

    More about this item

    Keywords

    stochastic calculation; market efficiency; technical analysis;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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