Finance

Rate of return on a portfolio

Business

Actuarial science

Sample (material)

Application portfolio management

Portfolio investment

Financial economics

Geodesy

Capital market

Econometrics

Benchmark (surveying)

Artificial intelligence

Management

Financial market

Project management

Economics

Geography

Chemistry

Portfolio optimization

Portfolio

Computer science

Modern portfolio theory

Risk–return spectrum

Chromatography

Project portfolio management

Selection (genetic algorithm)

International Journal of Financial Studies

Due to the development of financial markets, products, financial and mathematical models, portfolio selection today represents a comprehensive set of activities. Investors take into consideration many different factors, such as the market factors, return distribution characteristics and financial statements information. This research applies a Grey Relational Analysis (GRA) approach to evaluate the performance on a sample of stocks by taking those different factors into consideration. The results based upon a sample of 55 stocks for the trading year 2017 on the Croatian capital market show that using GRA approach in portfolio selection provides useful guidance for investors when making investment decisions, and better portfolio results in terms of risk and return are reachable compared to an equally weighted portfolio benchmark.

Using Grey Incidence Analysis Approach in Portfolio Selection