가치투자전략과 이동평균법의 결합효과

다국어 초록 (Multilingual Abstract)

In this paper we analyse performance of value strategy and moving average method among the non-financial listed companies whose fiscal year ends at December in the Korean Stock Exchange between 1996 and 2005. And we analyse combination investment performance of value investment and moving average method. After the analysis objective enterprises divide with the value stock and the growth stock, in accordance with moving average method we divide ascending stock and descending stock. And we compose 6 portfolios with combination of value stock, growth stock, ascending stock and descending stock. Using the difference of investment performance of these portfolios, when fundamental analysis and technical analysis method all considering we measure investment performance. The major findings of this research are as follows: First, the value strategy of buying value stocks and selling growth stocks were effective in the long-term investment. Second, using the moving average method, technical analysis were effective in the case of the short-term investment. Third, the portfolios combined fundamental analysis and technical analysis were more effective than investment performance of technical analysis.

목차 (Table of Contents)

• Ⅰ. 서 론
• Ⅱ. 이론적 배경과 연구방법론
• 1. 가치투자전략과 이동평균법
• 2. 연구방법론
• Ⅲ. 실증분석결과
• 1. 가치투자전략의 투자성과
• 2. 이동평균법에 의한 투자성과
• 3. 가치비율과 이동평균법의 결합효과
• Ⅳ. 요약 및 결론
• 참고문헌
• Abstract

참고문헌 (Reference)

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