CERCETĂRI PRIVIND UTILITATEA INSTRUMENTELOR DE ANALIZĂ FUNDAMENTALĂ ÎN SELECŢIA UNUI PORTOFOLIU DE ACŢIUNI
RESEARCH UPON THE UTILITY OF FUNDAMENTAL ANALYSIS IN STOCK SELECTION

Summary/Abstract: Fundamental analysis is an essential step in the selection and management of a portfolio of financial assets since by its specific instruments, it allows the accumulation of valuable information regarding the companies in which an investor, institutional or retail, intends to place his/her financial resources. This article discusses the usefulness of fundamental analysis tools in the selection of a portfolio of shares. The authors hypothesized that a portfolio selected through fundamental analysis on the basis of financial performance, should give investors reasons for satisfaction through higher yields in comparison with a benchmark (stock index). Whatever represents the opposite situation, in our opinion, is an anomaly. Research efforts are directed towards assessing the correlation between the quality of the portfolio selected on fundamental analysis and the market performance, subsequently confirmed or denied.

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