FUNDAMENTAL AND TECHNICAL ANALYSIS
Volume of the course: 4 credits.
Goals and intended skills: To familiarise with methods of fundamental and
technical analysis as used for evaluation of securities. To train students to use, in their
economic research of activities, economic-financial analysis of a phenomenon,
process or activity, and to understand outlines of securities market theory. To develop
skills to understand reasons of changes and to identify influence of factors.
Brief annotation: The discipline of fundamental and technical analysis has
theoretical and practical aspects. Theoretical issues of this analysis are related to
examination of financial reports, as information base of financial system, and
problems of types of financial analysis and application of technical analytical methods
in financial analysis. Theoretical aspects of economic growth and cyclic character are
examined, the main economic-financial indices, their dynamics, advantages and
shortcomings, methods to analyse indices of company activity.
Topics: Macroeconomic analysis of the country. Analysis of the economic branch
(4 hours of lectures and 1 hour of seminars). Fundamental analysis (4 hours of lectures
and 2 hours of seminars). Influence of economic conditions to financial markets (4
hours of lectures and 4 hours of seminars). Analysis of financial crises (4 hours of
lectures and 4 hours of seminars). Securities market (4 hours of lectures and 4 hours
of seminars). Technical analysis (4 hours of lectures and 2 hours of seminars). Methods
of technical analysis (4 hours of lectures and 4 hours of seminars). Use of
mathematical indices (4 hours of lectures and 2 hours of seminars). Prices and types of
their charts (4 hours of lectures and 2 hours of seminars). Position of a company in
market (2 hours of lectures and 1 hour of seminars). Trade in stock exchange (4 hours
of lectures and 4 hours of seminars).
Content of practical training: Economic calculations (analysis of indices of
economic data and information); assessment of economic entities' financial reports,
prospectuses and activity plans, with the help of methods of economic and financial
analysis.The students, in the course of semester, must learn finding suitable investment
instruments and attempt forecasting with the help of the main forms of analysis –
fundamental and technical. Students deliver independently formed report on dynamics
of virtual portfolio of securities, submit summarising conclusions and indicate reasons
why the value of the formed portfolio has changed.
Teaching methods: lectures, seminars, reports, abstracts, analysis of specific
situations and tasks in academic groups.
Attendance requirements: attendance of lectures is not and attendance of
seminars is mandatory.
Procedure for assessment of knowledge and skills: examination. Accumulative
assessment score: 50% examination, 50% activity in seminars and results of analysis
of specific situations and tasks.
Requirements: master students must have attended courses of microeconomics
and macroeconomics (or economic theory), applied econometry, and financial
economics.
Coordinating lecturer: Doc. Dr. R. Urniežius
Recommended Literature:
Editi
No.
on
Authors and title of publication
date
1.
2004 Kancerevyčius G., Finansai ir
investicijos [Finances and
Investments].
ISBN 9955-551-40-2
2.
1998 Mackevičius J., Poškaitė D.
Finansinė analizė [Financial
Analysis].
ISBN: 9986-04-082-5
3.
2005 Chaertfelder M., Lozovskaja E.,
Chanuš E. Fundamentalnij i
techničeskij analiz rinka cennich
bumag (transl. Fundamental and
Technical Analysis of Securities
Markets).
ISBN: 5947237881
2003
4.
William J. O'Neil. The
Successful Investor. What 80
Million People Need to Know to
Invest Profitably and Avoid Big
Losses.
ISBN: 007142959X
1.
2.
3.
4.
5.
6.
Publishing house
Kaunas: “Smaltija”
No. of copies
in University
library
5
V.: Katalikų
pasaulis
2
“Piter”
-
New York, McGraw
– Hill Companies
-
Useful websites:
Website of the Central Securities Depository of Lithuania. www.csdl.lt;
Website of Securities Commission. www.lsc.lt;
Website of Vilnius Stock Exchange. www.lt.omxgroup.com;
Website of Securities Commission. www.vpk.lt;
Knowledge Economy Forum – http://www.zef.lt/
Integrated Business Solutions – www.integruotisprendimai.lt
7. EU activity. Information society – http://europa.eu.int/pol/infso/index_lt.htm
8. Accounting Institute of the Republic of Lithuania – http://www.apskaitosinstitutas.lt/
9. FINANCES AND INVESTMENTS – http://finansai.tripod.com/
10. Ministry of Economy of the Republic of Lithuania – http://www.ukmin.lt/lt/
11. Ministry of Finance of the Republic of Lithuania – http://www.finmin.lt/web/finmin/home
Doc. Dr. R. Urniežius