A study of the techniques of common stock analysis
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Authors
Cramblet, Frank.
Subjects
Advisors
Derbyshire, Leslie
Date of Issue
1964
Date
1964
Publisher
Monterey, California: U.S. Naval Postgraduate School
Language
en_US
Abstract
For an individual, investment in common stock should have the goal of maintaining or increasing the individual's purchasing power. This paper reports a study of the fundamental and technical approaches to common stock analysis. The fundamentalist uses inductive reasoning to determine the value of a stock after a study of relevant historical figures. The technician attempts to use the price of the stock as a basis for deductive reasoning concerning value. Technical indexes, indicators and charting are covered. Finally, psychological effects on market prices are reviewed with a discussion of the "Theory of Contrary Opinion" and "Odd-Lot Theory". It is concluded that each approach to analysis must be carefully evaluated for potential and an investor should remain acutely aware of all techniques and forces which exert an influence in the market.
Type
Thesis
Description
Series/Report No
Department
Department of Management
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.