Proposal of an innovative MCDA evaluation methodology: knowledge discovery through rank reversal, standard deviation, and relationship with stock return

Financial Innovation

Table 13 Correlation performances of weighting techniques with SR

Rank	SWARA		SD		CRITIC
Rank	Method	RHO Mean	Method	RHO Mean	Method	Rho Mean
1	PROMETHEE II	0.7670	FUCA	0.4417*	FUCA	0.4815*
2	FUCA	0.7633	PRO. II	0.4403*	PRO. II	0.4815*
3	TOPSIS	0.6991	TOPSIS	0.3322***	VIKOR	0.4223*
4	VIKOR	0.6438	VIKOR	0.3319***	TOPSIS	0.3984**
5	MOORA	0.6309	MOORA	0.3277***	MOORA	0.3581**
6	ELECTRE III	0.4740*	ELECTRE III	0.3166***	ELECTRE III	0.3310***
7	COPRAS	0.2789	COPRAS	0.2891***	COPRAS	0.2982***
8	CODAS	0.0855***	CODAS	0.1488***	CODAS	0.1127***