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Fundamental Analysis VS Technical analysis: The Comparison of Two Analysis in Malaysia Stock Market

UNIMAS Review of Accounting and Finance

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Field Value
 
Title Fundamental Analysis VS Technical analysis: The Comparison of Two Analysis in Malaysia Stock Market
 
Creator Jakpar, Shaharudin
Tinggi, Michael
Tak, Akmal Hisham
Chong, Wen Yi
 
Description This study is conducted to analyse the credibility of the fundamental analysis and technical analysis on predicting the stock return and compare both models to determine which model is more credible to be used as a good trading strategy by investors. The study is based on 80 companies selected from Bursa Malaysia in the food manufacturing industry in the main market from the year of 2012 to 2016. The stock return is used to measure whether both analyses are able to forecast and generate the positive return. Net profit margin, price earnings ratio and total asset turnover are used as fundamental indicators while moving average convergence divergence is used as technical analysis indicators. In order to test the significance of both model on stock return, panel regression models are applied in this study. The result shows that although both model can be used to generate positive return, technical analysis did not outperform fundamental analysis in the food manufacturing industry in Bursa Malaysia.
 
Publisher Universiti Malaysia Sarawak
 
Date 2018-12-27
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://publisher.unimas.my/ojs/index.php/URAF/article/view/1208
 
Source UNIMAS Review of Accounting and Finance; Vol 1 No 1 (2018): Issue 1
 
Language eng
 
Relation http://publisher.unimas.my/ojs/index.php/URAF/article/view/1208/719
 
Rights Copyright (c) 2018 UNIMAS Review of Accounting and Finance
http://creativecommons.org/licenses/by-nc-sa/4.0