Title: Comparing Technical and Fundamental Indicators in Stock Price Forecasting
Abstract: This paper evaluates whether Fundamental or Technical analysis is better when forecasting stock prices with machine learning models; further, it considers whether combined use of the two approaches is beneficial. Tests run on 140 companies from the S&P 500 indicate that models using indicators based on Fundamental analysis outperform those using indicators from Technical analysis with the level of outperformance varying across industries. Furthermore, in over 95% of cases, using Combined indicators results in lower RMSE compared to using Fundamental or Technical indicators alone.
Publication Year: 2018
Publication Date: 2018-06-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 37
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