scholarly journals KOMPARASI REKSADANA SAHAM PERUSAHAAN INVESTASI NASIONAL DAN ASING DI INDONESIA DILIHAT DARI KINERJA, MARKET TIMING DAN STOCK SELECTION

2018 ◽  
pp. 649
Author(s):  
Anak agung ayu Putri Utami ◽  
Luh Gede Sri Artini
Keyword(s):  
Mutual Fund ◽  
Financial Services ◽  
Market Timing ◽  
Stock Selection ◽  
Foreign Companies ◽  
Significant Difference ◽  
The Difference ◽  
Fund Investment ◽  
National Investment ◽  
Better Than

The purpose of this research is to know the significance of the difference between a mutual fund company’s stock of foreign and national investment in Indonesia viewed from performance,to find out which is better between mutual fund investment company national and foreign views of market timing and stock selection.The population of this research is the mutual fund shares that are listed on the website of the financial services authority-performance outperform during periods of 2014-2016. The selection of the samples was done objectively based on investment companies. Assessment of the performance of mutual fund shares using the Sharpe Index while market timing and stock selection using Treynor Mazuy. The method used is the technique of data analysis in the form of two different test averages with the help of IBM SPSS program.The results showed that there was no significant difference between the mutual fund company’s stock of foreign and national investment in Indonesia viewed from the performance by using Sharpe Index, market timing stock mutual fund national invesment better than market timing foreign companies and stock selection mutual fund national invesment better than stock selection foreign companies.

scholarly journals A comparative study on domestic and foreign equity funds in Indonesia

2019 ◽  
Vol 6 (4) ◽  
pp. 54-61 ◽  
Author(s):  
I Gst Ngr Putu Adi Suartawan ◽  
Luh Gede Sri Artini
Keyword(s):  
Financial Services ◽  
Practical Implication ◽  
Market Timing ◽  
Sampling Technique ◽  
Investment Strategies ◽  
Stock Selection ◽  
Timing Ability ◽  
Significant Difference ◽  
Equity Funds ◽  
Better Than

The aim of this study is to analyze and compare the performance between domestic and foreign equity funds in Indonesia seen from the Treynor index, market timing, and stock selection ability. The population of this study is all equity funds registered in OJK (Financial Services Authority) in Indonesia, with a sample of 38 domestic equity funds and 25 foreign equity funds during the 2016-2018 period. The samples were collected by using a nonprobability sampling method with a purposive sampling technique. Data were analyzed using the Mann-Whitney U test. The results of this study show that the performance of foreign equity funds is better than the domestic equity funds seen from the Treynor index. The market timing ability of foreign equity funds is better than domestic equity funds. The stock selection ability of domestic equity funds is better than foreign equity funds. The practical implication of this study for investors and capital market players is to provide empirical evidence that there is a significant difference between the domestic and foreign equity funds performance in Indonesia, that can be considered in investment strategies. For investment companies that manage equity funds can be a reference to performance improvement, especially for negative performance.

Market Timing and Mutual Fund Investment Performance

1984 ◽  
Vol 57 (1) ◽  
pp. 57 ◽  
Author(s):  
Eric C. Chang ◽  
Wilbur G. Lewellen
Keyword(s):  
Mutual Fund ◽  
Market Timing ◽  
Investment Performance ◽  
Fund Investment

scholarly journals ANALISIS PERBANDINGAN KINERJA PERUSAHAAN DOMESTIK DAN ASING DENGAN MENGGUNAKAN ANALISIS RASIO MODAL SAHAM

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Syahrul Syarifudin
Keyword(s):  
Information Support ◽  
Price Ratio ◽  
Sources Of Information ◽  
Return On Equity ◽  
Foreign Companies ◽  
Significant Difference ◽  
Equity Ratio ◽  
Capitalization Rate ◽  
Domestic Companies ◽  
Better Than

There are companies that stand in Indonesia that are owned by foreigners. People tend to judge that the performance of foreign companies is better than domestic companies. This is due to the assumption that foreign companies have relatively larger capital, technology, and expertise that is better than domestic companies. Another presumption is that before, during, and after the crisis the performance of foreign-owned companies is better than domestic companies. In addition, to find out the good and bad performance of a company, it can use a stock capital ratio analysis. With this stock capital ratio, it can be seen the rate of return on equity, the ratio of earning per share, profit price, capitalization rate, and dividend income. So that the analysis can help investors and potential investors as sources of information support in investing in the company. The results of the data analysis using the T-test (Difference Test) found that there was no significant difference between the return on equity ratio, earnings per share ratio, the profit price ratio, the capitalization rate and dividend income. Thus the performance of domestic companies is significantly similar to the performance of foreign companies.Keywords: Earning per share, profit ratio, , capitalization ratio

scholarly journals MANAGERIAL ABILITIES AND FACTOR INVESTMENT STYLE PERFORMANCES OF MALAYSIAN MUTUAL FUND MANAGERS

2021 ◽  
Vol 6 (1) ◽  
pp. 118-135
Author(s):  
Pick-Soon Ling ◽  
Ruzita Abdul-Rahim
Keyword(s):  
Mutual Funds ◽  
Portfolio Management ◽  
Mutual Fund ◽  
Market Timing ◽  
Stock Selection ◽  
Investment Style ◽  
Fund Managers ◽  
Equity Mutual Funds ◽  
Timing Ability ◽  
Stock Picking

Background and Purpose: Studies focusing on mutual fund managerial abilities and investment style strategies are still scarce in the literature. Thus, this study aims to provide new evidence and insights into the managerial abilities and investment style performances of Malaysian fund managers.   Methodology: A total of 444 Malaysian equity mutual funds (EMFs) were evaluated using Carhart’s model incorporated with Treynor-Mazuy (T-M) and Henriksson-Merton (H-M) market timing models for the study period, from January 1995 to December 2017.   Findings: Fund managers displayed superior stock selection skills with 32 percent and 43 percent of funds for T-M and H-M respectively, with perverse market timing ability which accounted for 39 percent and 42 percent of funds for T-M and H-M respectively. Perverse timing ability had reduced the superior stock-picking skills of fund managers. This suggests that the EMFs performance could further improve if respective fund managers perform better in market timing ability. The finding also indicates that size effect (SMB) and value effect (HML) play significant roles in investment style strategies, while results of momentum factor (WML) propose that Malaysian fund managers have followed the contrarian strategy.   Contributions: This study contributes in several ways especially in the literature of portfolio management as the evidence is obtained from the largest mutual funds sample size and the longest study period. Moreover, this study also used the highest frequency data to study the effects of market timing which were overlooked in previous studies.   Keywords: Adjusted carhart, Malaysian market, market timing, mutual fund, stock selection.   Cite as: Ling, P-S., & Abdul-Rahim, R. (2021). Managerial abilities and factor investment style performances of Malaysian mutual funds.  Journal of Nusantara Studies, 6(1), 118-135. http://dx.doi.org/10.24200/jonus.vol6iss1pp118-135

scholarly journals PERBANDINGAN KUALITAS PRODUK DAN MINAT MENABUNG PADA LPD DESA ADAT TAJUN DENGAN DESA ADAT TEGAL

2020 ◽  
Vol 4 (1) ◽  
pp. 59-67
Author(s):  
Eka Swarnadi Luh ◽  
Ketut Budi Susrusa ◽  
Ida Ayu Listia Dewi
Keyword(s):  
Product Quality ◽  
Financial Institutions ◽  
Rapid Development ◽  
Research Data ◽  
The Other ◽  
Physical Evidence ◽  
Significant Difference ◽  
The Difference ◽  
Better Than

LPDs are non-bank financial institutions that are regulated and approved by the Regional Regulations of the Province of Bali. The management of LPD is fully handed over to the relevant Pakraman village. In line with the rapid development of LPDs, it turns out that on the other hand it shows diverse performance, so that LPDs need to pay attention to the level of product quality and customer interest in the products offered.            The purpose of the study was to determine the comparison of product quality and interest in saving at the Tajun Traditional Village LPD with the Traditional Village of Tegal. The number of samples from Tajun Adat Village LPD was 98 people and the LPD of Tegal Traditional Village was 84 people. The research data were analyzed by the Mann-Whitney Test. The results showed that there was a significant difference between the quality of the products of the Adat Village of Tajun LPD and the Traditional Village of Tegal. This difference is indicated by indicators of physical evidence, reliability, responsiveness and empathy. The product quality of Tajun Adat Village's LPD is better than the traditional village of Tegal. There is a significant difference between the interest in saving the traditional village of Tajun LPD and the traditional village of Tegal. The difference is in the indicator of confidence. Interest in Saving Tajun Indigenous Village LPD is higher than the Traditional Village of Tegal.

scholarly journals PENENTUAN INVESTASI BERDASARKAN TINGKAT RISIKO PADA SAHAM SYARIAH, REKSADANA SYARIAH, DAN EMAS PERIODE 2011-2015

2019 ◽  
Vol 5 (6) ◽  
pp. 486
Author(s):  
Ayu Fitri ◽  
Dina Fitrisia Septiarini
Keyword(s):  
Mutual Fund ◽  
Historical Data ◽  
Stock Exchange ◽  
Secondary Data ◽  
Gold Price ◽  
Quantitative Approach ◽  
Purposive Sampling ◽  
Significant Difference ◽  
The Difference

The purpose of this study was to determine the difference of rate of risk on islamic stock, islamic mutual fund, and gold period 2011-2015. It uses quantitative approach by using Kruskal Wallis test. The sample collecting method used purposive sampling. This study was used secondary data that was collected from official websites of Indonesia Stock Exchange, PT BNP Paribas, and Price Gold. Data used was historical data from JII index, NAV per unit BNP Paribas Pesona Syariah, and gold price. The result Kruskal-Wallis test show that there was significant difference of rate of risk on islamic stock, islamic mutual fund, and gold. But, when used Mann-Whitney next test show that there was no significant difference on Islamic stock. The result of this study proved that islamic stock was more best than gold and islamic mutual fund

Effects of Orthokeratology Lens On Axial Length Elongation in Myopia With Anisometropia Children

2021 ◽  
Author(s):  
Ziyang Chen ◽  
Kai-Ming Chen ◽  
Ying Shi ◽  
Zhao-Da Ye ◽  
Sheng Chen ◽  
...  
Keyword(s):  
Retrospective Study ◽  
Axial Length ◽  
Statistical Significance ◽  
Spherical Equivalent ◽  
Significant Difference ◽  
The Mean ◽  
The Difference ◽  
Better Than ◽  
Group 1

Abstract AimTo investigate the effect of orthokeratology (OK) lens on axial length (AL) elongation in myopia with anisometropia children.MethodsThirty-seven unilateral myopia (group 1) and fifty-nine bilateral myopia with anisometropia children were involved in this 1-year retrospective study. And bilateral myopia with anisometropia children were divided into group 2A (diopter of the lower SER eye under − 2.00D) and group 2B(diopter of the lower SER eye is equal or greater than − 2.00D). The change in AL were observed.The datas were analysed using SPSS 21.0.Results(1) In group 1, the mean baseline AL of the H eyes and L eye were 24.70 ± 0.89 mm and 23.55 ± 0.69 mm, respectively. In group 2A, the mean baseline AL of the H eyes and L eyes were 24.61 ± 0.84 mm and 24.00 ± 0.70 mm respectively. In group 2B, the mean baseline AL of the H eyes and L eyes were 25.28 ± 0.72 mm and 24.70 ± 0.74 mm. After 1 year, the change in AL of the L eyes was faster than the H eyes in group 1 and group 2A (all P<0.001).While the AL of the H eyes and L eyes had the same increased rate in group 2B. (2) The effect of controlling AL elongation of H eyes is consistent in three groups (P = 0.559).The effect of controlling AL elongation of L eyes in group 2B was better than that in group 1 and group 2A (P < 0.001). And the difference between group 1 and group 2A has no statistical significance. (3) The AL difference in H eyes and L eyes decreased from baseline 1.16 ± 0.55mm to 0.88 ± 0.68mm after 1 year in group 1.And in group 2A, the AL difference in H eyes and L eyes decreased from baseline 0.61 ± 0.34mm to 0.48 ± 0.28mm. There was statistically significant difference (all P<0.001). In group 2B, the baseline AL difference in H eyes and L eyes has no significant difference from that after 1 year (P = 0.069).ConclusionsMonocular OK lens is effective on suppression AL growth of the myopic eyes and reduce anisometropia value in unilateral myopic children. Binocular OK lenses only reduce anisometropia with the diopter of the low eye under − 2.00D. Binocular OK lenses cannot reduce anisometropia with the diopter of the low eye equal or greater than − 2.00D. Whether OK lens can reduce refractive anisometropia value is related to the spherical equivalent refractive of low refractive eye in bilateral myopia with anisometropia children after 1-year follow-up.

scholarly journals The dependence of intrinsic alignment of galaxies on wavelength using KiDS and GAMA

2019 ◽  
Vol 622 ◽  
pp. A90 ◽  
Author(s):  
Christos Georgiou ◽  
Harry Johnston ◽  
Henk Hoekstra ◽  
Massimo Viola ◽  
Konrad Kuijken ◽  
...  
Keyword(s):  
Imaging Data ◽  
Tidal Interactions ◽  
Significant Difference ◽  
Blue Galaxies ◽  
Measurement Algorithm ◽  
Alignment Model ◽  
The Difference ◽  
The Moment ◽  
Linear Alignment ◽  
Better Than

The outer regions of galaxies are more susceptible to the tidal interactions that lead to intrinsic alignments of galaxies. The resulting alignment signal may therefore depend on the passband if the colours of galaxies vary spatially. To quantify this, we measured the shapes of galaxies with spectroscopic redshifts from the GAMA survey using deep gri imaging data from the KiloDegree Survey. The performance of the moment-based shape measurement algorithm DEIMOS was assessed using dedicated image simulations, which showed that the ellipticities could be determined with an accuracy better than 1% in all bands. Additional tests for potential systematic errors did not reveal any issues. We measure a significant difference of the alignment signal between the g, r and i-band observations. This difference exceeds the amplitude of the linear alignment model on scales below 2 Mpc h−1. Separating the sample into central/satellite and red/blue galaxies, we find that the difference is dominated by red satellite galaxies.

scholarly journals Fine and Gross Motor Skill Proficiency Differences of Children Aged 8-9 Years based on Gender

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Ricky Wibowo ◽  
Didin Budiman ◽  
Gano Sumarno
Keyword(s):  
Motor Skills ◽  
Effect Size ◽  
Motor Skill ◽  
Medium Effect ◽  
Gross Motor ◽  
Significant Difference ◽  
Female Children ◽  
The Difference ◽  
Gross Motor Skill ◽  
Better Than

The aim of this study was to find out the proficiency differences in fine motor skills and gross motor skills based on gender. 147 children at the elementary school level were divided into two groups according to their gender. Male children were 78 children (aged 8.5±0.4) and female children were 69 children (aged 8.3±0.3). The instrument used in this research was the Movement Assessment Battery for Children–second edition (MABC-2). The statistical test used a non-parametric Mann-Whitney U test, while r coefficient was used to interpret the effect size. The result of the study showed that the manual agility of male children was better than female children. However, the difference was not significant and the effect size was small (p .05, r = .004). The result also showed that the catching and throwing skills of male children were better. The difference was not significant and the effect size was small (p .05, r = .023). Meanwhile, the balance of the male children was better than the female children with a significant difference and medium effect size (p .05, r = .055). In general, the result of the study shows that male children are better than female children in fine and gross motor skill mastery.

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