IDEAS home Printed from https://ideas.repec.org/a/ids/ijisde/v17y2023i1-2p67-84.html
   My bibliography  Save this article

Stock selection using a multiple criteria hierarchical process in the Dow Jones index

Author

Listed:
  • Manuel Muñoz-Palma
  • Eva L. Miranda
  • Pavel A. Alvarez
  • María Bernal
  • Ernesto León-Castro

Abstract

One of the problems that investors often face is deciding on the stocks to include in an investment portfolio. The objective of the paper is the selection of investment portfolios considering the 30 main companies listed on the New York Stock Exchange of the Dow Jones Index. Portfolio selection in this index is carried out by generating a previous ranking of the shares with a novel approach that analyses the performance of the shares in a multiple criteria hierarchical process (MCHP). The ordering is generated with the hierarchical version of the ELimination Et Choix Traduisant la REalité (ELECTRE) III method using different decision criteria based on financial ratios.

Suggested Citation

  • Manuel Muñoz-Palma & Eva L. Miranda & Pavel A. Alvarez & María Bernal & Ernesto León-Castro, 2023. "Stock selection using a multiple criteria hierarchical process in the Dow Jones index," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 17(1/2), pages 67-84.
    • Handle: RePEc:ids:ijisde:v:17:y:2023:i:1/2:p:67-84
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=127977
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijisde:v:17:y:2023:i:1/2:p:67-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=33 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.