A comparison of the effectiveness between fundamental analysis and technical analysis in the “Financial Turmoil”: a case study of Hannstar Display Corporation

• Main Authors: She,Wei-Ren, 佘濰任
• Other Authors: CHANG,YUNG-CHI
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/39257036828797469524

碩士 === 南台科技大學 === 財務金融系 === 100 === Fundamental analysis analyzes the macroeconomic, industrial, and company’s data to find out a better investment target. Technical analysis analyzes market behavior, by the way, makes investor or professional analyst get abnormal return by buying and selling stocks. “Financial Turmoil” is the major characteristic that this research has found during the period from October 2011 to February 2012. Researcher took part in a stock investment competition game during that period and found that if the Hann Star Corporation was analyzed by fundamental analysis, then the result would suggest that Hann Star Corporation was not worth of buying. However, if it was substituted with technical analysis then the result would suggest that investors should invest in Hann Star Corporation and gained abnormal return accurately. In this study we are going to explore the theoretical background and try to find out the different basic assumption of these two theories during the period of ‘Financial Turmoil‘. Keyword: Financial turmoil、