scholarly journals Factors Affecting the Composite Stock Price Index during Covid-19 Pandemic Crisis

JEJAK ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 333-344
Author(s):  
Ariodillah Hidayat ◽  
Liliana Liliana ◽  
Sri Andaiyani
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Linear Regression Analysis ◽  
Oil Prices ◽  
Series Data ◽  
Factors Affecting ◽  
Independent Variables ◽  
The World ◽  
Stock Price Index

This paper aims to analyze factors affecting the Composite Stock Price Index (IHSG) on the Jakarta Stock Exchange (IDX) during the Pademi Corona Crisis. This study uses the multiple linear regression analysis technique where the variable number of confirmed Covid-19 cases in the world, the number of confirmed Covid-19 cases in Indonesia, the Rupiah exchange rate per 1 US dollar,  and the world crude oil price are used as independent variables (X) and the IHSG as the dependent variable (Y), the data used in this study are weekly time series data from the period December 2019 to September 2020. Based on the results of variable regression between the IHSG, Exchange Rates, Oil Prices, cases of COVID-19 in Indonesia and COVID-19 World, It is concluded that collectively the independent variables have a significant effect on the IHSG. Partially, Oil Prices, COVID-19 cases in Indonesia and COVID-19 cases in the world have a significant effect on the IHSG. Meanwhile, the exchange rate has no significant effect on the IHSG.

scholarly journals Pengaruh Perubahan Nilai Tukar Rupiah, Tingkat Inflasi, dan Indeks Bursa Internasional Terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (BEI)

Jurnal Ecogen ◽  
2020 ◽  
Vol 3 (1) ◽  
pp. 7
Author(s):  
Keken Setiawan ◽  
Erly Mulyani
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
T Test ◽  
Series Data ◽  
Jones Index ◽  
Independent Variables ◽  
Negative Effect ◽  
Stock Price Index

This research aimed to know how the effect of Rupiah Exchange Rate, inflation rate, and international Exchange Index towards Composite Stock Price Index (CSPI). The independent variables of this study are Rupiah Exchange Rate (X1), Inflation rate (X2), Dow Jones index (X3), Nikkei 225 index (X4), and Hang Seng index (X5). The Sample was based on monthly time series data from January 2014 to December 2018, with documentation data collection technique from Bank Indonesia and Yahoofinance.com publication. Analytical techniques used were linier regression, classical Assumtions, determination coeffisient test (R2), for hypothesis test used F-test and t-test with significance level of 5%. The results of this indicate that the value of cooficient of determination (R2) 0,901 which means independent variables affect the dependent variable 89,2% and the rest is 10,8% influenced by other variables outside this study. The result of t-test shows that the Rupiah Exchange Rate and Nikkei 225 index have not significant and negative effect on Composite Stock Price Index (CSPI), Inflation rate have significant and negative effect on Composite Stock Price Index (CSPI), Dow Jones index and Hang Seng Index have significant and positive effect on Composite Stock Price Index (CSPI). Keywords: composite stock price index (cspi), rupiah exchange rate, inflation rate, dow jones index, nikkei 225 index, and hang seng index

ANALISIS PENGARUH INFLASI, KURS DAN IHSG TERHADAP RETURN REKSA DANA SAHAM PT NIKKO SECURITIES INDONESIA PERIODE 2014-2017

2019 ◽  
Vol 2 (2) ◽  
pp. 103
Author(s):  
Muhammad Rois Rois ◽  
Manarotul Fatati Fatati ◽  
Winda Ihda Magfiroh
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Stock Price ◽  
Price Index ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Equity Fund ◽  
Stock Price Index

This study aims to determine the effect of Inflation, Exchange Rate and Composite Stock Price Index (IHSG) to Return of PT Nikko Securities Indonesia Stock Fund period 2014-2017. The study used secondary data obtained through documentation in the form of PT Nikko Securities Indonesia Monthly Net Asset (NAB) report. Data analysis is used with quantitative analysis, multiple linear regression analysis using eviews 9. Population and sample in this research are PT Nikko Securities Indonesia. The result of multiple linear regression analysis was the coefficient of determination (R2) showed the result of 0.123819 or 12%. This means that the Inflation, Exchange Rate and Composite Stock Price Index (IHSG) variables can influence the return of PT Nikko Securities Indonesia's equity fund of 12% and 88% is influenced by other variables. Based on the result of the research, the variables of inflation and exchange rate have a negative and significant effect toward the return of PT Nikko Securities Indonesia's equity fund. While the variable of Composite Stock Price Index (IHSG) has a negative but not significant effect toward Return of Equity Fund of PT Nikko Securities Indonesia

scholarly journals Analisis Pengaruh Variabel Makro Ekonomi terhadap Nilai Aktiva Bersih Reksadana Saham Syariah Periode 2015-2019

2021 ◽  
Vol 1 (2) ◽  
pp. 332-348
Author(s):  
Hani Nurrahmawati ◽  
Hasbi Assidiki Mauluddi ◽  
Endang Hatma Juniwati
Keyword(s):  
Exchange Rate ◽  
Mutual Funds ◽  
Stock Price ◽  
Price Index ◽  
Coefficient Of Determination ◽  
Series Data ◽  
Asset Value ◽  
Net Asset Value ◽  
Net Assets ◽  
Stock Price Index

The title of this research is Analysis Influence of Macroeconomic to Net Asset Value of Islamic Mutual Fund Equity period 2015-2019. The purpose of this study is to determine the effect of partially and simultaneously variables of BI Rate, Inflation, Composite Stock Price Index and Exchange Rate on Net Asset Value of Sharia Mutual Funds in Indonesia in the period January 2015 - December 2019. The dependent variable is Net Asset Value of Sharia Mutual Funds, while the independent variables are BI Rate, Inflation, Composite Stock Price Index and Exchange Rate.Types of data used in this study are secondary data sourced from OJK, IHSG-IDX and BI published between 2015-2019. All of the data will be processed panel data which is a combination of time series data and cross section data. The results of this research showed that in the partial just variables of the BI Rate, Inflation, Composite Stock Price Index and Exchange Rate influenced to Net Assets Value of Islamic Mutual Funds in Indonesia, and simultaneous from variables of the BI Rate, Inflation, Composite Stock Price Index and Exchange Rate influenced to Net Assets Value of Islamic Mutual Funds in Indonesia and the value of Adjusted R-square coefficient of determination is 0.311175 means in togetherness variables of the BI Rate, Inflation, Composite Stock Price Index and Exchange Rate have a contribution influenced NAV of Islamic Mutual Funds in the amount of 31%, while the rest is 69% influenced by other variables that are not included into this research.

scholarly journals ANALISIS PENGARUH KURS, BI RATE DAN INFLASI TERHADAP IHSG DI BEI PERIODE 2014-2017

KEUNIS ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 64
Author(s):  
Esty Nidianti ◽  
Edi Wijayanto
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Time Series Data ◽  
Series Data ◽  
Simultaneous Test ◽  
Stock Price Index ◽  
The Exchange Rate ◽  
Analyze Data

<p><em>The aim of this study was to determine the effect of macro economic conditions which including the exchange rate, BI rate and inflation of the composite stock price index. The study had used quantitative approach. Determination of the sample was based on time series data periode January 2014 – December 2017 by using saturation sampling method, which resulted 48 as number of samples. This study also had chosen multiple linier regression as attempts to analyze data. The simultaneous test (F test) resulted that the exchange rate, BI rate, and inflation had given significant effect on the stock price index. Meanwhile, the partial test (t test) had indicated that the exchange rate variable and BI rate significantly influenced the stock price index. In contrast, rate of inflation had not showed significant effect on the stock price index. </em><strong><em></em></strong></p>

scholarly journals Pengaruh inflasi, nilai tukar rupiah per dollar Amerika, harga minyak mentah dunia dan indeks harga saham gabungan terhadap harga emas di Indonesia

2020 ◽  
Vol 8 (2) ◽  
pp. 55-64
Author(s):  
Fadhel Kesarditama ◽  
Haryadi Haryadi ◽  
Yohanes Vyn Amzar
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Stock Price ◽  
Price Index ◽  
Oil Prices ◽  
Gold Price ◽  
Positive Trend ◽  
Macroeconomic Variables ◽  
Crude Oil Prices ◽  
Stock Price Index

This study aims to analyze the trend of macroeconomic variables and gold prices in Indonesia and to determine the effect of macroeconomic variables on gold prices in Indonesia. This study uses a quantitative approach. The data used is secondary data from January 2014-December 2019. The analytical tools and techniques used are trend analysis with a linear trend approach and multiple linear regression models using the Ordinary Least Square method. The five research variables that were processed showed that there were differences in the direction of the data trend. Where the variables of Gold Price, Exchange Rate, and Composite Stock Price Index show a positive trend, while the variables of Inflation and World Crude Oil Prices show a negative trend. Furthermore, the variables of Exchange Rate, world Crude Oil Price, and Composite Stock Price Index show a positive and significant influence on the Gold Price in Indonesia. While the inflation variable shows a negative and significant effect on the Gold Price in Indonesia. Keywords: Inflation, foreign exchange,crude oil prices, idx composite and gold prices

scholarly journals Effects of the Dow Jones Index and Rupiah Exchange Rate on the 2013-2017 Composite Stock Price Index

2019 ◽  
Vol 2 (1) ◽  
pp. 362-368
Author(s):  
Amanah Amanah
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Statistical Testing ◽  
P Value ◽  
Jones Index ◽  
Independent Variables ◽  
Stock Price Index ◽  
Weak Influence ◽  
Simultaneous Influence

This study aims to examine the effect of the Dow Jones Index (X1) with the Composite Stock Price Index (Y) in Indonesia and the influence between the rupiah exchange rate (X2) on the Composite Stock Price Index (Y) in Indonesia in the period 2013-2017. In statistical testing, the number 0.2212 was obtained related to the influence of X1 and Y, which means that every change in one unit of X1 can lead to changes in Y by 22 %, and means there is a weak influence between variables X1 and Y partially, while for the purpose of X2 and Y obtained the number 0.6531, which means that every change in unit X2 can result in a change in Y by 65 %, which means there is a high influence between variables X2 and Y partially. In the F test, P Value is generated 0.00000 <0.05, which means there is a simultaneous influence between the two independent variables on the dependent variable, while the Determination Coefficient results in R-Squared value of 0.975966, which means a set of predictor variables in the model can explain the response variable 97 %, while the rest is explained by other variables outside the model under study.  Penelitian ini bertujuan untuk menguji pengaruh Indeks Dow Jones (X1) dengan Indeks Harga Saham Gabungan (Y) di Indonesia dan pengaruh antara nilai tukar rupiah (X2) terhadap Indeks Harga Saham Gabungan (Y) di Indonesia pada periode 2013-2017. Dalam pengujian statistik, angka 0,2212 diperoleh terkait dengan pengaruh X1 dan Y, yang berarti bahwa setiap perubahan dalam satu unit X1 dapat menyebabkan perubahan Y sebesar 22%, dan berarti ada pengaruh yang lemah antara variabel X1 dan Y sebagian, sedangkan untuk keperluan X2 dan Y diperoleh angka 0,6531, yang berarti bahwa setiap perubahan dalam unit X2 dapat menghasilkan perubahan Y sebesar 65%, yang berarti ada pengaruh yang tinggi antara variabel X2 dan Y secara parsial. Dalam uji F, Nilai P dihasilkan 0,00000 <0,05, yang berarti ada pengaruh simultan antara dua variabel independen pada variabel dependen, sedangkan Koefisien Determinasi menghasilkan nilai R-Squared 0,975966, yang berarti satu set variabel prediktor dalam model dapat menjelaskan variabel respon 97%, sedangkan sisanya dijelaskan oleh variabel lain di luar model yang diteliti.

scholarly journals Estimasi permintaan indeks harga saham gabungan di Indonesia

2020 ◽  
Vol 8 (2) ◽  
pp. 65-76
Author(s):  
Ade Nugraha Paer ◽  
Syamsurijal Tan ◽  
Emilia Emilia
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Linear Regression Analysis ◽  
Least Square ◽  
Stock Price Index ◽  
The Exchange Rate ◽  
Index Exchange

The purpose of this study is (a) to see the development of the composite stock price index, exchange rate, inflation, interest rates, and the money supply in Indonesia. (b) analyze the effect of the exchange rate, inflation, interest rate, and money supply on the composite stock price index in Indonesia. The method used in this study is a quantitative descriptive method with multiple linear regression analysis tools using the Ordinary Least Square (OLS) method. The data used is in the form of a time series. The results of this study average the development of the composite stock price index by 0.22 percent, the exchange rate by 2.57 percent, inflation by -0.90 percent, interest rates by -2.73 percent, and the Money Supply by 0.06 percent. Based on the results of the analysis conducted, exchange rates and interest rates have a negative and significant effect on the composite stock price index, inflation and the money supply have a positive and significant effect on the composite stock price index. Keywords: Composite stock price index, Exchange rate, Inflation, Interest rates, Money supply.

scholarly journals The Influence of the World Gold Price, the Dow Jones Islamic Market, and the Composite Stock Price Index on the Jakarta Islamic Index for the 2014 - 2018 period

2021 ◽  
Vol 4 (1) ◽  
pp. 13
Author(s):  
Siti Chaerunisa Prastiani
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Price Index ◽  
Oil And Gas ◽  
Time Series Data ◽  
Research Output ◽  
Gold Price ◽  
Series Data ◽  
The World ◽  
Stock Price Index

This study aims to determine how much influence the variables of the World Gold Price and Stock Prices with proxies: Dow Jones Islamic Market (DJIM) stock prices, and the Composite Stock Price Index (IHSG), on the Jakarta Islamic Index (JII). This study uses a quantitative approach, namely data that is measured in a numerical scale, based on the 2014-2018 Time Series data relating to variables sourced from the Central Statistics Agency, the Indonesia Stock Exchange and the Directorate General of Oil and Gas. This research uses one of the SPSS Series. The variables in this study consist of World Gold Price (X1), Dow Jones Islamic Market (DJIM) (X2), Composite Stock Price Index (IHSG) (X3) against the Jakarta Islamic Index (JII) (Y). The purpose of this research is to know each variable partially or simultaneously from the variable World Gold Price, Dow Jones Islamic Market and the Jakarta Islamic Index. Research Output expected by an Accredited journal

scholarly journals THE EFFECTS OF RUPIAH CURRENCY, WORLD OIL PRICES, AND WORLD GOLD PRICE ON COMPOSITED STOCK PRICE INDEX (IHSG) IN 2016

2017 ◽  
Vol 14 (2) ◽  
pp. 144-151
Author(s):  
Bima Prawirosaputro ◽  
Yudith Dyah Hapsari
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Econometric Model ◽  
Negative Impact ◽  
Positive Impact ◽  
Oil Prices ◽  
Study Results ◽  
The World ◽  
Auto Regressive

This study aims to determine and analyze the effects ofIndonesian Rupiah exchange rate, world oil prices, and world gold priceson IDX Composite in 2016. This research utilizedGeneralized Auto-Regressive Conditional Heteroscedasticity (GARCH) method on 234 daily observations throughout the whole year. This study results demonstrated that the Indonesian Rupiah exchange rate has a significant and negative impact, while the world gold and oil prices have a significant and positive impact on the IDX Composite in 2016. In addition to these results, the discovery and usage of GARCH method as the optimum econometric model found the variance of residuals of IDX Composite in 2016, which is also affected by the previous day residuals, but it is not affected by the variance of previous days residuals.

scholarly journals PENGARUH INFLASI, BI RATE, DAN NILAI TUKAR RUPIAH TERHADAP PERUBAHAN INDEKS HARGA SAHAM.SEKTOR CONSUMER GOODS

2021 ◽  
Vol 4 (1) ◽  
pp. 51-63
Author(s):  
Diah Budi Pratiwi ◽  
Damayanti Damayanti ◽  
M. Iqbal Iqbal Harori
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Consumer Goods ◽  
Stock Price ◽  
Price Index ◽  
Time Series Data ◽  
Series Data ◽  
A Value ◽  
Stock Price Index ◽  
Positive Effect

This research aims to find out the macroeconomic influence of inflation, bi rate, and rupiah exchange rate on changes in the stock price index of consumer goods sector. The independent variables that used in this research are Inflation (X1), BI Rate (X1), and Rupiah Exchange Rate (X3) and Consumer Goods Sector Stock Price Index as dependent variable. The data in this research is a time series data that includes inflation, BI Rate, and Rupiah exchange rate data for the period 2016-2020. The samples in this research amounted to 60 samples that taken by using census sampling techniques. The data in this research was analyzed by using multiple linear regressions with simultaneous variable results of Inflation, BI rate, and Rupiah Exchange Rate significantly affecting changes in the Consumer Goods Sector Stock Price Index with a value of R Square is 0.382 or 38.2%. While the results partially show that variable inflation has a significant and positive effect, variable rupiah exchange rates has negatively affect on changes in the Stock Price Index of the Consumer Goods Sector. As for the variable BI Rate has no significant effect on changes in the Stock Price Index of the Consumer Goods Sector. ABSTRAK   Penelitian ini bertujuan untuk mengetahui pengaruh ekonomi makro inflasi, bi rate, dan nilai tukar rupiah terhadap perubahan indeks harga saham sektor consumer goods. Variabel bebas yang digunakan pada penelitian ini yaitu Inflasi (X1), BI Rate (X1), dan Nilai Tukar Rupiah (X3) serta Indeks Harga Saham Sektor Consumer Goods sebagai variabel terikat. Data pada penelitian ini merupakan data time series yang meliputi data Inflasi, BI Rate, dan Nilai Tukar Rupiah untuk periode tahun 2016-2020. Sampel pada penelitian ini berjumlah 60 sampel yang diambil dengan menggunakan teknik sampling sensus. Data pada penelitian ini dianalisis dengan menggunakan regresi linier berganda, dengan hasil secara simultan, variabel Inflasi, BI rate, dan Nilai Tukar Rupiah berpengaruh signifikan terhadap perubahan Indeks Harga Saham Sektor Consumer Goods. Secara parsial, variabel inflasi berpengaruh signifikan dan positif, serta variabel nilai tukar rupiah berpengaruh negatif terhadap perubahan Indeks Harga Saham Sektor Consumer Goods. Sedangkan untuk variabel BI Rate tidak berpengaruh secara signifikan terhadap perubahan Indeks Harga Saham Sektor Consumer Goods.

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