PORSEL: an expert system for assisting in investment analysis and valuation
Soft Computing - A Fusion of Foundations, Methodologies and Applications
Review: Expert systems and evolutionary computing for financial investing: A review
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
A new approach to the rule-base evidential reasoning: Stock trading expert system application
Expert Systems with Applications: An International Journal
Design and implementation of fuzzy expert system for Tehran Stock Exchange portfolio recommendation
Expert Systems with Applications: An International Journal
Fuzzy decision support system for ship lock control
Expert Systems with Applications: An International Journal
Hi-index | 12.05 |
The aim of this study is to construct appropriate portfolios by taking investor's preferences and risk profile into account in a realistic, flexible and practical manner. In this concern, a fuzzy rule based expert system is developed to support portfolio managers in their middle term investment decisions. The proposed expert system is validated by using the data of 61 stocks that publicly traded in Istanbul Stock Exchange National-100 Index from the years 2002 through 2010. The performance of the proposed system is analyzed in comparison with the benchmark index, Istanbul Stock Exchange National-30 Index, in terms of different risk profiles and investment period lengths. The results reveal that the performance of the proposed expert system is superior relative to the benchmark index in most cases. Additionally, in parallel to our expectations, the performance of the expert system is relatively higher in case of risk-averse investor profile and middle term investment period than the performance observed in the other cases.