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Technical analysis accuracy at Macedonian Stock Exchange
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS Journal of Economics 8 (2017) 2, pp. 105-118
The main task of this paper is to determine accuracy of some of widely used technical analysis techniques for MBI-10 stocks price forecast at MSE. We are testing accuracy of several technical analysis techniques: MACD (Moving-Average Convergence/Divergence), RSI (Relative Strength Index),...
Persistent link: https://www.econbiz.de/10011994714
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Investing financial capital in risky business conditions through probability assessment and distribution
Baricevic, Dino; Rajkovic, Irijana; Fuchs, Sara - In: UTMS Journal of Economics 13 (2022) 1, pp. 165-183
Investing financial capital is almost always risky, there is no safe investment, and any unplanned situation in the future, uncertainty or sudden events can mean risk. To assess risk and protect themselves from it, investors resort to probability distribution. From the above, the subject of the...
Persistent link: https://www.econbiz.de/10014465812
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Valuation and investment profession
Dedi, Lidija; Giraudon, Philippe - In: UTMS Journal of Economics 4 (2013) 2, pp. 93-100
intrinsic value of the common stocks. Traditional valuation models based on the present value of future cash flows are affected … opportunities they have to expand traditional analysis with option valuation. …
Persistent link: https://www.econbiz.de/10010435930
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Fundamental analysis and discoiunted free cash flow valuation of stocks at Macedonian Stock Exchange
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS Journal of Economics 5 (2014) 1, pp. 11-24
We examine the valuation performance of Discounted Free Cash Flow Model (DFCF) at the Macedonian Stock Exchange (MSE … calculation on long term. The analysis of our results derived from stock valuation with DFCF model as well as comparison with … average market stock prices suggest that discounted cash flow model is relatively reliable valuation tool that have to be used …
Persistent link: https://www.econbiz.de/10010435953
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Modified net present value as a useful tool for synergy valuation in business combinations
Orsag, Silvije; McClure, Kenneth G. - In: UTMS Journal of Economics 4 (2013) 2, pp. 71-77
The subject of this paper is a modified net present value, and how it could be a useful tool for synergy valuation in …. In the process of valuation each company has three components that must be taken into account for an efficient valuation … various flexibility options; and finally, (3) an analyst must determinate the present value of other strategic options along …
Persistent link: https://www.econbiz.de/10010435965
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Application of dividend discount model valuation at Macedonian Stock Exchange
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS Journal of Economics 6 (2015) 1, pp. 147-154
outmoded, but much of the intuition that drives Discounted Cash Flow (DCF) valuation is embedded in the DDM model. There are … research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … (MSE) through the process of empirical valuation of random chosen stocks. This research helped us to identify problems in …
Persistent link: https://www.econbiz.de/10011533023
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MODIFIED NET PRESENT VALUE AS A USEFUL TOOL FOR SYNERGY VALUATION IN BUSINESS COMBINATIONS
Orsag, Silvije; G. McClure, Kenneth - In: UTMS Journal of Economics 4 (2013) 2, pp. 71-77
The subject of this paper is a modified net present value, and how it could be a useful tool for synergy valuation in …. In the process of valuation each company has three components that must be taken into account for an efficient valuation … various flexibility options; and finally, (3) an analyst must determinate the present value of other strategic options along …
Persistent link: https://www.econbiz.de/10010840573
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VALUATION AND INVESTMENT PROFESSION
Dedi, Lidija; Giraudon, Philippe - In: UTMS Journal of Economics 4 (2013) 2, pp. 93-100
intrinsic value of the common stocks. Traditional valuation models based on the present value of future cash flows are affected … opportunities they have to expand traditional analysis with option valuation. …
Persistent link: https://www.econbiz.de/10010840574
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FUNDAMENTAL ANALYSIS AND DISCOUNTED FREE CASH FLOW VALUATION OF STOCKS AT MACEDONIAN STOCK EXCHANGE
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS Journal of Economics 5 (2014) 1, pp. 11-24
We examine the valuation performance of Discounted Free Cash Flow Model (DFCF) at the Macedonian Stock Exchange (MSE … calculation on long term. The analysis of our results derived from stock valuation with DFCF model as well as comparison with … average market stock prices suggest that discounted cash flow model is relatively reliable valuation tool that have to be used …
Persistent link: https://www.econbiz.de/10010840595