scholarly journals Performance Analysis of Investment Portfolio Strategy Using Warren Buffett, Benjamin Graham, and Peter Lynch Method in Indonesia Stock Exchange

2021 ◽  
Vol 6 (4) ◽  
pp. 394-401
Author(s):  
Ganda Hengky Wirawan ◽  
Erman Sumirat
Keyword(s):  
Performance Analysis ◽  
Stock Exchange ◽  
Screening Method ◽  
Financial Ratios ◽  
Fundamental Analysis ◽  
Investment Portfolio ◽  
Value Investing ◽  
Back Testing ◽  
Portfolio Strategy ◽  
The World

Warren Buffett, Benjamin Graham, and Peter Lynch are three (3) famous investors’ gurus in the world that have already proved that they can outperform the market by value investing method. Method that they are using are based on fundamental analysis and they screen the company’s stock based on several key financial ratios and criteria that they found important in analyzing the company. In this project, Author conducted research and study to find out the applicability of the screening method made by the gurus in Indonesia Stock Exchange (IDX) using equally weighted method, back testing it in May 2012 until December 2020 periods, and evaluate the performance of each type of portfolios made using Sharpe ratio, Treynor ratio, and Jensen’s alpha. The result of this project is all type of these portfolios are having positive risk adjusted returns. Peter Lynch type of portfolio is having the highest annualized return 24.04 % or 613 % cumulative return, while Warren Buffett and Benjamin Graham are having annualized returns 9.42 % (or cumulative return 216.48%) and 8.3 % (or cumulative return 198.27%) respectively. Moreover, Author found that those three types of portfolios are having beta (β) nearly the same with one (1) means that the portfolios are having same risk with its systematic (market) risk.

Value Investing: The Circle of Competence in Technology Industry in the Stock Exchange of Thailand

2020 ◽  
Vol 11 (1) ◽  
pp. 2-2
Author(s):  
Isaradet Khrueachao
Keyword(s):  
Stock Price ◽  
Stock Exchange ◽  
Stock Assessment ◽  
Investment Portfolio ◽  
Value Investing ◽  
Technology Industry ◽  
Stock Exchange Of Thailand

Value investing idea was originally from Dodd and Graham (1951). They suggested investing based on value stock assessment by comparing stock price with accounting figures and historical trading. Various studies, such as Basu (1977), Fama, & French (1992, 1993, 1995, 1998, 2006, 2012), Asness, Moskowitz, & Pedersen (2013, 2015), Lakonishok, Shleifer, & Vishny (1994) classified investing as growth investing and value investing. The growth investing uses high P/E and P/BV ratios while the value investing uses low P/E and P/BV ratios. Previous studies found the value investing portfolio outperformed growth investing portfolio. In Thailand, many researchers have studied value investing, such as Sareewiwatthana (2011 & 2013) and Nettayanun (2017), who constructed an investment portfolio of value investing and growth investing in order to compare them with SET return. Keywords: value investing, growth investing, circle of competence, SET

scholarly journals Analisis Kinerja Perusahaan Sebelum dan Sesudah Merger dan Akuisisi (Studi Empiris pada Perusahaan Non-Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2017)

2020 ◽  
Vol 4 (2) ◽  
pp. 69
Author(s):  
Cecilia Chandra Halim ◽  
Indra Widjaja
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Performance ◽  
Economic Crisis ◽  
Stock Exchange ◽  
Market Performance ◽  
Market Value ◽  
Financial Ratios ◽  
Asia Pacific ◽  
The World ◽  
Long Time

It is undeniable that the world is moving towards to an era of mergers and acquisitions (M&A). M&A that emerged in Asia began with a change in policy after the economic crisis. In the period of 2012 - 2015, based on reports from McKinsey and Reuters showed an increase in the value of mergers and acquisitions in Indonesia amounted to 16.7%, which at the same time M&A in the Asia Pacific and the world experienced a decline. The purpose of this study is to analyze the Companies performance that conduct M&A both in terms of financial and market value. The samples in this study consisted of 16 non-financial companies listed on the Indonesia Stock Exchange in the period 2009-2017. Financial performance will be measured using financial ratios and market performance will be measured using Tobin's Q ratio. The results of this study indicate that it takes a long time to show that there is a synergy between companies conducting mergers and acquisitions. 

scholarly journals Performance Analysis of Nigerian Brewery Industry

2018 ◽  
Vol 9 (1) ◽  
pp. 47 ◽  
Author(s):  
Lucas O. Elumah ◽  
Peter Shobayo
Keyword(s):  
Performance Analysis ◽  
Capital Structure ◽  
Financial Performance ◽  
Research Design ◽  
Financial Risk ◽  
Stock Exchange ◽  
Financial Ratios ◽  
Reasonable Amount ◽  
Ex Post ◽  
Ex Post Facto

This research attempted to assess the financial performance of the firms in the brewery industry using financial ratios. It adopted a descriptive ex-post facto research design by using brewery firms of the Nigeria Stock Exchange (NSE) from 2011-2015. The result suggests that the brewery industry is profitable and efficient in using its asset to generate profit and return it to its shareholders. Similarly, the industry financial risk is relatively low, and manager in the industry manage their stocks efficiently. This suggests that managers of firms should endeavor to reduce the amount of debt in their capital structure and manage a reasonable amount of debt in its capital structure since a high debt implies a high financial risk.

Development of Dermatological Skin Disease Detection and Classification based on Wavelet and ANN

2018 ◽  
Vol 8 (5) ◽  
pp. 10
Author(s):  
Revati Kadu ◽  
U. A. Belorkar
Keyword(s):  
Neural Network ◽  
Artificial Neural Network ◽  
Skin Disease ◽  
Skin Diseases ◽  
Screening Method ◽  
Phase Detection ◽  
Statistical Measures ◽  
The World ◽  
Artificial Neural ◽  
Wavelet Techniques

One of the most common and augmenting health problems in the world are related to skin. The most  unpredictable and one of the most difficult entities to automatically detect and evaluate is the human skin disease because of complexities of texture, tone, presence of hair and other distinctive features. Many cases of skin diseases in the world have triggered a need to develop an effective automated screening method for detection and diagnosis of the area of disease. Therefore the objective of this work is to develop a new technique for automated detection and analysis of the skin disease images based on color and texture information for skin disease screening. In this paper, system is proposed which detects the skin diseases using Wavelet Techniques and Artificial Neural Network. This paper presents a wavelet-based texture analysis method for classification of five types of skin diseases. The method applies tree-structured wavelet transform on different color channels of red, green and blue dermoscopy images, and employs various statistical measures and ratios on wavelet coefficients. In all 99 unique features are extracted from the image. By using Artificial Neural Network, the system successfully detects different types of dermatological skin diseases. It consists of mainly three phases image processing, training phase, detection  and classification phase.

Risk and Return of Retail Sukuk and Retail Bond in Indonesia Period 2008-2017 (Comparative Study)

2020 ◽  
Vol 15 (1) ◽  
Author(s):  
Rahma Yudi Astuti ◽  
Asad Arsya Brilliant Fani
Keyword(s):  
Standard Deviation ◽  
Comparative Study ◽  
Stock Exchange ◽  
Secondary Data ◽  
Bond Market ◽  
Bond Pricing ◽  
Risk And Return ◽  
Underlying Asset ◽  
The Real ◽  
The World

Sukuk and Bonds has differences and similarities. Fundamental differences between sukuk and bonds are first, underlying asset in every sukuk issuance, concept of profit loss sharing and the use of Islamic contracts. Whereas conducted research in practice of differences between sukuk and bonds are still an on-going discussion. This study aims to add the evidence in the discussion regarding whether there is differences between sukuk and bonds in the world of practice, provide investment preferences as well as educating investors in choosing sukuk or bonds as a sustainable and smooth instrument. The method used is Mann Whitney U-Test to test whether there is a different between yield to maturity (return) and standard deviation (risk) of both instruments. Using secondary data of Retail Sukuk (SR) and Retail Bonds (ORI) period 2008-2017 obtained from Indonesia Stock Exchange, Indonesia Bond Market Directory and Indonesia Bond Pricing Agency. The result shows that there is no significance difference of retail sukuk return and risk with retail bonds in Indonesia. Besides retail bonds are show higher return than retail sukuk because of higher coupon and longest mature date. While, retail sukuk is more stable rather than bonds as it backed up by the real underlying asset. Keywords: Retail Sukuk (SR), Retail Bonds (ORI), Yield to Maturity

scholarly journals Financial Performance of Iranian Banks from 2013 to 2019: A Panel Data Approach

2021 ◽  
Vol 14 (6) ◽  
pp. 257
Author(s):  
Pejman Ebrahimi ◽  
Maria Fekete-Farkas ◽  
Parisa Bouzari ◽  
Róbert Magda
Keyword(s):  
Financial Performance ◽  
Inflation Rate ◽  
Banking Sector ◽  
Stock Exchange ◽  
Screening Method ◽  
Negative Relationship ◽  
Statistical Population ◽  
Explanatory Variables ◽  
Significant Negative Relationship ◽  
Research Population

It is widely believed that the financial system is dependent on the banking industry, and its strength and development are vital for economic prosperity. This paper tried to show the financial performance of Iranian banks listed on the Tehran Stock Exchange (TSE) during 2013–2019, as the research population. The statistical population included 18 banks listed on the TSE from 2013 to 2019, which were sampled using a screening method. The results indicated a significant relationship between explanatory variables of capital ratio and the financial performance of banks in all models. However, a significant negative relationship was found between the inflation rate and the financial performance of banks in all models. Furthermore, it seems that banks with high asset strength are more profitable than the others. Regulators should guarantee that banks remain highly capitalized for a viable banking sector in Iran.

A multicriteria hierarchical approach for portfolio selection in a stock exchange

2021 ◽  
Vol 40 (2) ◽  
pp. 1945-1955
Author(s):  
Maria Bernal ◽  
Pavel Anselmo Alvarez ◽  
Manuel Muñoz ◽  
Ernesto Leon-Castro ◽  
Diego Alonso Gastelum-Chavira
Keyword(s):  
Decision Maker ◽  
Portfolio Selection ◽  
Stock Exchange ◽  
Multiple Criteria ◽  
Financial Ratios ◽  
Hierarchical Approach

The objective of the paper is to present a multiple criteria hierarchical process (MCHP) approach for portfolio selection in a stock exchange. One of the problems that investors usually face is which stock should be included in the portfolio. This paper helps investors answer that question, and the paper presents an MCHP approach using different criteria based on financial ratios that the decision maker (in this case, the investor) will give different weights to make a portfolio based on her preferences; different importance is given to each criterion. An example using the Mexican Stock Exchange is presented.

PENGARUH CURRENT RATIO, RETURN ON EQUITY DAN EARNING PER SHARE TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010 – 2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Susi Lusiana
Keyword(s):  
Data Collection ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Ratios ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Return On Equity ◽  
Earnings Per Share

The study of this research is to determine the effect of returning shares in manufacturing companies. This study uses the financial ratios contained in the company's financial statements. The financial ratios used in this study are the current ratio, return on equity, and earnings per share to stock returns in manufacturing companies listed on the Indonesian stock exchange in 2010-2019. This type of research used in this research is quantitative and the analytical method used is purposive sampling using SPSS 21 as many 10 manufacturing companies in the food, beverage, textile, rubber goods (tires), fisheries, and agriculture sectors. Data collection techniques are used by retrieving data through the website www.idx.co.id. The results showed that Current Ratio (CR) has a positive and significant effect on Stock Returns, Return On Equity (ROE) has a positive and significant effect on Stock Returns, and Earning Per Share (EPS) has a negative and significant effect on Stock Return.

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