Fundamental and technical analysis: substitutes or complements?
Although the fundamental and technical analysis literatures invest considerable effort in assessing their respective ability to explain share prices, they invariably do so without reference to each other. In this context, we propose an equity valuation model integrating both fundamental and technical analysis and, in doing so, recognize their potential as complements rather than as substitutes. Testing confirms the complementary nature of fundamental and technical analysis by showing that,...[Show more]
|Collections||ANU Research Publications|
|Source:||Accounting and Finance|
|01_Bettman_Fundamental_and_technical_2009.pdf||254.97 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.