No abstract

Abstract-Various techniques of portfolio selection are applied to interpret the status of the market and predict the market's future trend, but they are not beneficial to small investors because these techniques should be administered by an expert. In addition, these techniques desire accumulation of data about the market and complicated calculations, which is too much effort for individual small investors. Therefore, portfolio selection with two significant financial ratios using the ELECTRE III method is proposed for these investors to make trading decisions. In order to demonstrate the effectiveness of this new method, it is compared to the situation where a fix percentage allocation existed and data was collected from the Stock Exchange of Thailand (SET).

No abstract

No abstract

Investors generally learn from historical data and use it to improve future investment decisions. However, existing portfolio selection research rarely considers such a concept. This paper proposes a novel approach to the combinatorial portfolio selection problem. Our solution employs the Case-Based Reasoning (CBR) approach with ELECTRE III, based on the Industry Classification Benchmark standards. The target stocks are ranked based on their similarities to a reference case, allowing specified selection criteria. Similarities are calculated based on selected ELECTRE III metrics. Experimental results with the Stock Exchange of Thailand data show that our CBR approach with ELECTRE III outperforms the traditional method.techniques for solving the portfolio selection problem with a single security have been developed. Recent studies have presented encouraging results on portfolio selection using reinforcement learning (Moody et al.