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

被引：1

作者：

Munoz-Palma, Manuel ^{[1
]}

Miranda, Eva L. ^{[2
]}

Alvarez, Pavel A. ^{[3
]}

Bernal, Maria ^{[3
]}

Leon-Castro, Ernesto ^{[4
]}

机构：

[1] Univ Sonora, Management Dept, Hermosillo 83000, Sonora, Mexico

[2] Univ Autonoma Occidente, Decis Making Social Problems Res Grp, Culiacan 80020, Sinaloa, Mexico

[3] Univ Autonoma Occidente, Dept Econ & Management Sci, Blvd Lola Beltran, Culiacan 80020, Sinaloa, Mexico

[4] Univ Catolica Santisima Concepcion, Fac Econ & Adm Sci, Concepcion 4090541, Chile

来源：

INTERNATIONAL JOURNAL OF INNOVATION AND SUSTAINABLE DEVELOPMENT | 2023年 / 17卷 / 1-2期

关键词：

portfolio selection; Dow Jones; Markowitz model; profit and risk; MCHP; multiple criteria hierarchical process; muticriteria ranking; ELECTRE III; PORTFOLIO SELECTION; DECISION-MAKING; OPTIMIZATION;

D O I：

10.1504/IJISD.2023.127977

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

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 REalite (ELECTRE) III method using different decision criteria based on financial ratios.

引用

页码：67 / 84

页数：18

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