OPPORTUNITIESFOR DETERMINING THE EFFICIENCY CURVE IN THE PORTOFOLIO OF COMPANIES LISTED ON BUCHAREST STOCK EXCHANGE

摘要

This article is organized in four parts. The first part presents theoretical aspects on determining the efficiency curve and the steps to be taken on this. The second part begins with a case study presenting the methods of determining the efficiency curve of a stock portfolio, in the case of several entities listed on the Bucharest Stock Exchange. The third part shows how useful Microsoft Excel is to determine the Markovitz efficiency curve of a stock portfolio. On completion of this work, we present the findings on the methods of determining the Markovitz efficiency curve using Microsoft Excel, and their related interpretations.