PEMODELAN HARGA SAHAM BLUE CHIP MENGGUNAKAN VECTOR AUTOREGRESSIVE (VAR)

2016 ◽  
Vol 6 (2) ◽  
pp. 1
Author(s):  
Agus Suharsono ◽  
Aryo Wibisono
Keyword(s):  
Stock Market ◽  
Capital Markets ◽  
Capital Market ◽  
Stock Price ◽  
Stock Exchange ◽  
Rapid Development ◽  
Information Criterion ◽  
Profit Sharing ◽  
Blue Chip ◽  
The Capital Market

In a stock exchange in the capital market, the most in demand by investors is stocks. Shares are securities which shows the ownership of the company, so that shareholders have the right to a dividend or other distribution of profit sharing as well as by the company to its shareholders. The capital market is an indicator of economic progress and support the economy of a country. In this decade, the stock market has experienced rapid development due to pressure from technological change, liberalization and globalization. These changes affect the behavior of the capital markets and cause long-term balance and improving the relations between the world's capital markets. Otherwise interconnected capital markets if the two separate markets have the same movement and the correlation between the movement of the index. Capital markets in the region are likely to have the same movement and the effects of contagion (contagion effect) is high (1). During the observation period, October 2015 to March 2016, there was a phenomenon in which IHSG is not always the same and has a correlation with the movement of world stock market indices. It is also supported by the differences found in the results of some previous studies. The purpose of this study was to determine the relationship between stocks bluechip : Astra International Tbk (ASII), Unilever Indonesia Tbk (UNVR), Astra Agro Lestari Tbk (AALI), Bank Rakyat Indonesia Agroniaga (AGRO) and Bank Rakyat Indonesia (BRI ). The analytical method used in this study is Multivariate Time Series, especially Vector Autoregression (VAR). The results of this study with the model produces the best model VAR (2), AGRO = 11.56 - 4.03*ASII(-1) - 4.40*ASII(-2) + 3.76*UNVR(-1) + 1.27*UNVR(-2) + 1.38*AALI(-1) + 2.54*AALI(-2) + 0.73*AGRO(-1) + 0.14*AGRO(-2) + 5.40*BRI(-1) - 1.34*BRI(-2). The value of AIC (Akaike Information Criterion) = 4.47 Keywords: BLUE CHIP, Stock Price, VAR.

scholarly journals PASAR MODAL DI INDONESIA DALAM PERSPEKTIF FIKIH MUAMALAH

2018 ◽  
Vol 4 (2) ◽  
pp. 145
Author(s):  
Muhammad Abdul Ghoni
Keyword(s):  
Stock Market ◽  
Capital Markets ◽  
Capital Market ◽  
Islamic Law ◽  
Profit Sharing ◽  
Way Of Life ◽  
Straight Path ◽  
Islamic Jurisprudence ◽  
The Times ◽  
The Capital Market

Abstract: Islamic teaching that is a straight path but not a rigid religion, it is a line-giver to the problems encountered by humans in the course of their lives. Muslims should have a concept that contains a way of life to face the development and progress of the times with various problems. One area that is always warm to talk about is the economy. This problem is getting wider, more varied and more complex. It is not uncommon to find it complicated, especially when confronted with Islamic law. One of them is about the capital market. This journal tries to examine from the perspective of jurisprudence about the jala of the existing capital markets. If we look at the system of stock bidding mechanisms in the capital market, it will be clear that there is a similarity with the capital system contained in the conception of Islamic fiqh, known as mudharabah or qirodh. It is seen from the investors, executors, the nature of capital, capital, and profit sharing of the same shape. Thus, the system of buying and selling of shares in the stock market is clearly visible equation with mudharabah in Islamic jurisprudence.

scholarly journals PENGARUH BID ASK SPREAD, VARIANS RETURN, VOLUME PERDAGANGAN , DAN HARGA SAHAM TERHADAP HOLDING PERIOD SAHAM

2019 ◽  
Vol 3 (1) ◽  
pp. 11
Author(s):  
Ida Subaida
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Exchange ◽  
Financial Assets ◽  
Holding Period ◽  
Bid Ask Spread ◽  
Return Variance ◽  
The Capital Market

The capital market or stock market is a container to bring together sellers and buyers of financial instruments with investment objectives. The existence of the capital market provides a role for various parties such as companies, investors, and even for the national economy. The correct information about the company's shares in the stock market is needed by investors as a decision to buy and sell shares and also for the decision to hold or release ownership of financial assets. The purpose of this study is to analyze and provide empirical evidence about the effect of bid ask spread, return variance, trading volume, and stock price on the holding period of shares in companies listed on the Indonesia Indonesia Stock Exchange which are categorized as LQ45 companies. The research sample was 45 samples in the form of companies listed on the Indonesia Indonesia Stock Exchange which included the LQ45 company category in 2017. Hypothesis testing was done by path analysis using SPSS version 22. The results of the study were bid ask spread, variance return, trading volume, and stock price does not affect the holding period.

scholarly journals Pengaruh Return On Assets (ROA Terhadap Harga Saham dengan Earning PerShare (EPS) sebagai Intervening (Studi Kasus pada Perusahaan Sub SektorTekstil dan Garmen yang terdaftar di Bursa Efek Indonesia Periode 2013-2016)

2018 ◽  
Vol 7 (1) ◽  
pp. 1
Author(s):  
Fiona Mutiara Efendi ◽  
Ngatno Ngatno
Keyword(s):  
Regression Analysis ◽  
Capital Markets ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Rapid Development ◽  
Linear Regression Analysis ◽  
Return On Assets ◽  
Analysis Technique ◽  
The Relationship

The rapid development of capital markets are now attracting the attention of people andcapital owners to invest in capital markets. During the year 2013-2016 the average stock price of the textile and garment enterprises sub-sector experienced a fluctuating condition. The financial ratios that are suspected to affect the ups and downs of stock prices are ROA and EPS. The population of this research are 15 Textile and Garment Sub-Sector Companies listed on Indonesia Stock Exchange in 2013-2016. The analysis technique used is linear regression analysis with SPSS program. This study aims to determine the effect of ROA on stock prices through EPS as a mediator. The results showed that ROA has no significant effect on stock prices, but ROA has a significant influence on the mediation variable that is EPS. EPS variable has positive and significant effect to stock price. ROA and EPS have a significant effect on stock prices. EPS is fully mediated variable and can significantly mediate the relationship between ROA and stock prices. Based on the analysis results, can be concluded that the variables that affect the stock price is EPS, while the ROA variable does not affect the stock price. As well as EPS variables can mediated the relationship between ROA and stock prices. The results of this research, it is expected the company further increase the profitability of the company in order to increase the stock price so that it can give benefit the company and investors.

The Shanghai-Hong Kong Stock Market

2015 ◽  
Vol 07 (03) ◽  
pp. 36-45
Author(s):  
Jing WAN
Keyword(s):  
Hong Kong ◽  
Stock Market ◽  
Capital Markets ◽  
Capital Market ◽  
Stock Markets ◽  
Market Access ◽  
Mainland China ◽  
Opening Up ◽  
Hong Kong Stock Market ◽  
The Capital Market

The Stock Connect scheme launched on 17 November 2014 was the first mutual market access between mainland China and Hong Kong stock markets. It is the biggest move ever in the opening up of the capital market. Experiences accumulated will be of great value to mainland regulators who will decide on how these experiences could be utilised for China’s future opening up of its capital markets and for accelerating renminbi internationalisation.

scholarly journals GLOBALISASI PASAR MODAL DUNIA DAN PENGARUHNYA TERHADAP PASAR MODAL INDONESIA

2017 ◽  
Vol 1 (1) ◽  
pp. 10
Author(s):  
R Adisetiawan
Keyword(s):  
Stock Market ◽  
Capital Markets ◽  
Capital Market ◽  
Stock Exchange ◽  
Global Market ◽  
Stock Market Index ◽  
Causality Test ◽  
Global Capital ◽  
Market Index ◽  
Cointegration Tests

This study aims to prove causality, cointegration and the influence of global capital markets with a market capital of Indonesia for the period 2001-2016 with a Granger causality test statistics, cointegration tests and Multiple Regression testing. These results prove that the 99% confidence interval occurred a long term relationship (cointegration) and the significant influence of global market indices with the Indonesia capital market index (CSPI) in Indonesia Stock Exchange (IDX) for the period 2001 to 2016, it indicates that Indonesia's economy has been integrated with global capital markets with varying levels of integration, but is causally there is only one country that has a causal relationship with the Indonesian stock market index (CSPI), the Taiwan stock market index (TWSE).Keywords: Capital Market Integration

scholarly journals LQ45 Stock Index Prediction using k-Nearest Neighbors Regression

2019 ◽  
Vol 8 (3) ◽  
pp. 2388-2391 ◽  
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Numerical Data ◽  
Nearest Neighbors ◽  
Stock Index ◽  
K Nearest Neighbors ◽  
Stock Price Prediction ◽  
The Capital Market

The capital market is an organized financial system consisting of commercial banks, intermediary institutions in the financial sector and all outstanding securities. One of the benefits of the capital market is creating opportunities for the community to participate in economic activities, especially in investing. In daily stock trading activities, stock prices tend to have fluctuated. Therefore, stock price prediction is needed to help investors make decisions when they want to buy or sell their shares. One asset for investment is shares. One of the stock price indices that attracts many investors is the LQ45 stock index on the Indonesian stock exchange. One of the algorithms that can be used to predict is the k-Nearest Neighbors (kNN) algorithm. In the previous study, kNN had a higher accuracy than the moving average method of 14.7%. This study uses kNN regression method because it predicts numerical data. The results of the research in making the LQ45 stock index prediction application have been successfully built. The highest accuracy achieved reaches 91.81% by WSKT share.

scholarly journals SOCIALIZATION AND TRAINING ON IMPLEMENTATION OF INVESTMENT SELECTION STRATEGIES

ICCD ◽  
2019 ◽  
Vol 2 (1) ◽  
pp. 528-532
Author(s):  
Hakiman Thamrin
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Stock Exchange ◽  
Community Needs ◽  
Financial Products ◽  
Selection Strategies ◽  
And Training ◽  
The Capital Market

There are only 29.66% of Indonesia population who really understand and know about financial products and services. From this number, those who truly understand the capital market are only 4.4% and those who invest in the new capital market are around 0.4%.  That number is very low  if we compare to neighboring countries, for example in Malaysia, the population participating invested in capital market has reached 3.8 million or 12.8%. While in Singapore 1.5 million or 30% of the population has invested in stock market and in China 100.4 million or 13.7% of the population has invested in the stock market. There are only small number of people who invested in the Indonesia stock Exchange, it means there is a big potential to increase the number of investors in IDX. All parties, not only governments and IDX must conribute to encourage people to invest in the capital market. Therefore, the community needs to be given knowledge about what types of investments can be chosen, especially those on the IDX, how to invest, how to assess the performance of the investment, and the risks that may arise.

scholarly journals New Investor Class Program Sebagai Sarana Literasi dan Inklusi Pasar Modal

2019 ◽  
Vol 4 (1) ◽  
pp. 100
Author(s):  
Tine Badriatin ◽  
R. Lucky Radi Rinandiyana
Keyword(s):  
Community Service ◽  
Capital Markets ◽  
Capital Market ◽  
Stock Exchange ◽  
Literacy Education ◽  
The Public ◽  
The City ◽  
The Capital Market

ABSTRAK Adanya ketertarikan dari akademisi dan masyarakat untuk menjadi investor pasar modal di Bursa Efek Indonesia, namun tanpa dukungan dan pengetahuan tentang apa dan bagaimana cara berinvestasi di pasar modal. Hal ini menjadikan latar belakang pengabdian pada masyarakat untuk edukasi literasi dan inklusi pasar modal.Maka dari itu untuk mendukung hal tersebut diadakan program NICP (New Investor Class Program) yang diselenggarakan oleh PT. Reliance Sekuritas Indonesia, Tbk melalui GIBEI-FE UNSIL-RELI.Program ini bertujuan untuk mengedukasi secara menyeluruh mengenai literasi dan inklusi pasar modal untuk menjadi seorang investor yang berkualitas di pasar modal dan tentunya dapat meningkatkan jumlah investor pasar modal khususnya di Kota Tasikmalaya. Luaran kegiatan program ini adalah kemampuan menangkap peluang Investor dan calon investor pada kegiatan kuliah umum pasar modal serta pengenalan pasar modal pada seluruh kalangan masyarakat, peningkatan pengetahuan Investor/calon investor serta kalangan masyarakat akan pasar modal, Peningkatan Jumlah Investor dalam pembukaan rekening saham, Peningkatan pengetahuan dan kemampuan dalam berinvestasi di Pasar Modal Kata Kunci: bursa efek Indonesia; inklusi; literasi; pasar modal.ABSTRACT There is interest from academics and the public to become capital market investors in the Indonesia Stock Exchange, but without the support and knowledge of what and how to invest in the capital market. This makes the background of community service for literacy education and capital market inclusion. Therefore to support this, a NICP (New Investor Class Program) program is held by PT. Reliance Sekuritas Indonesia, Tbk through GIBEI-FE UNSIL-RELI. This program aims to thoroughly educate the literacy and capital market inclusion to become a quality investor in the capital market and can certainly increase the number of capital market investors, especially in the City of Tasikmalaya. The output of this program is the ability to capture the opportunities of investors and prospective investors in capital market public lectures and the introduction of capital markets to all people, increase investor / prospective investor knowledge and the public about the capital market, increase the number of investors in opening stock accounts, increase knowledge and the ability to invest in the Capital Market.Keywords: capital market; inclusion; Indonesia stock exchange; literacy.

scholarly journals A Different View on ASEAN Capital Market Integration

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 141
Author(s):  
Robiyanto Robiyanto ◽  
Budi Frensidy ◽  
Ignatius Roni Setyawan ◽  
Andrian Dolfriandra Huruta
Keyword(s):  
Capital Markets ◽  
Capital Market ◽  
Stock Price ◽  
Market Integration ◽  
Price Index ◽  
Stock Exchange ◽  
Capital Market Integration ◽  
Asean Countries ◽  
Exchange Data

Capital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scrutinize the Association of Southeast Asian Nations (ASEAN) capital market integration. This study hopefully can enrich the different views regarding the capital market integration and fill the gap left by previous studies. The data used were the stock price index of the monthly closing data of the capital markets in ASEAN countries during the period of January 1999 to December 2020, obtained from Bloomberg and the Indonesia Stock Exchange. Data in this study were analyzed using the wavelet method. The results indicate that there is a long-term integration in the capital markets of ASEAN countries, and the highest level of integration was in the period during and about a year after the global crisis. Using the spectrum analysis, the results show that during period from 2008 to 2010, the level of integration reached its highest level.

scholarly journals Pasar Modal dan Penanaman Modal Asing di Indonesia

2021 ◽  
Vol 4 (2) ◽  
pp. 477-484
Author(s):  
Poppy Camenia Jamil ◽  
Restu Hayati
Keyword(s):  
Foreign Investment ◽  
Capital Market ◽  
Stock Price ◽  
Stock Exchange ◽  
Stock Index ◽  
Economic Activities ◽  
Investment Capital ◽  
The Relationship ◽  
The Capital Market

The role of the capital market for the economy of a country according to capital market education by PT. There are two functions of the Indonesia Stock Exchange, namely as a means of business funding or as a means for companies to obtain funds from investors (investors) for business development, expansion, additional working capital and others. This study aims to explain the relationship between the capital market and foreign investment in Indonesia. The variables used in this study are the return of the Composite Stock Price Index (IHSG) and Foreign Direct Investment (FDI) from 2003 to 2019. Data analysis techniques use regression analysis to explain the relationship between the capital market and foreign investment in Indonesia. Indonesia. The final results of the achievements in this study are to increase literacy understanding about economic activities, capital markets, investment to contribute to economic growth.  Keywords: IHSG, FDI, Investment, Capital Market, Stock Index.

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