scholarly journals ANALISIS PENGARUH HARGA MINYAK DUNIA DAN HARGA EMAS DUNIA TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA

2019 ◽  
Vol 10 (1) ◽  
pp. 19
Author(s):  
Maria Ariesta Utha
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Significant Influence ◽  
Time Series Data ◽  
Composite Index ◽  
Gold Price ◽  
Oil Price ◽  
Series Data ◽  
Crude Oil Price ◽  
Test Result

<p class="Style1"><em>This research analysed the ittfluence of crude oil price, gold price, and exchange </em><em>rate toward composite index in Indonesian Stock Exchange. Dependent variable of this </em><em>reseach is composite index and independent variable of this research are crude oil </em><em>price, gold prke, and exchange rate. This Research by using time series data on period </em><em>2010-2014. The </em><em>Method of this research is multiple linier regression. To get unbiased </em><em>model, </em><em>in this research used classical assumption test. Result of this research indicate </em><em>that crude oil price and gold price have not significant influence toward composite </em><em>index and exchange rate have significant influence toward composite index. Based on determination test result crude oil price, </em><em>gold </em><em>price, and exchange rate have simultant </em><em>influence toward composite index.</em></p>

scholarly journals IHSG dan Dinamikanya: Sebuah Analisis atas Pengaruh Variable Makroekonomi

2019 ◽  
Vol 1 (1) ◽  
pp. 21-40
Author(s):  
Michael Alexander Santoso ◽  
Apriani Dorkas Rambu Atahau ◽  
Robiyanto Robiyanto
Keyword(s):  
Crude Oil ◽  
Time Series Data ◽  
Stock Exchange ◽  
Composite Index ◽  
Oil Price ◽  
Series Data ◽  
Crude Oil Price ◽  
Macroeconomic Variables ◽  
Analysis Technique ◽  
Dow Jones Industrial Average

Purpose- This research aimed to study the effect of macroeconomic variables: Dow Jones Industrial Average, USD/IDR, and World Crude Oil Price towards Jakarta Composite Index (JCI) during the period of 2005-2016. Methods- This research using the daily closing prices of Dow Jones Industrial Average (JCI), USD/IDR, World Crude Oil Price, and Jakarta Composite Index, the GARCH (1,1) The data analysis technique used in this study is Generalized Autoregressive Conditional Heteroscedasticity (GARCH). The reason for choosing the GARCH analysis technique is that this study uses time series data which is often abnormal and cannot be normalized. Finding- Analysis show that Dow Jones Industrial Average and world crude oil price has a positive significant effect on the JCI while USD/IDR has a negative significant effect on JCI. Implication- The findings imply the importance to consider macroeconomic variables when investing at Jakarta Stock Exchange

Oil and Methanol Price volatility

2013 ◽  
Vol 03 (08) ◽  
pp. 01-10
Author(s):  
Majid Delavari ◽  
Nadiya Gandali Ali khani ◽  
Esmaeil Naderi
Keyword(s):  
Crude Oil ◽  
Time Series Data ◽  
Price Volatility ◽  
High Sensitivity ◽  
Oil Price ◽  
Series Data ◽  
Cultural Issues ◽  
Crude Oil Price ◽  
Oil Export ◽  
The One

Crude oil as one of the main sources of energy is also the main source of income for members of OPEC. So, the volatility of crude oil price is one of the main economic variables in the world and analysis of the effect of its changes on key economic factors has been always considered as significant. The reason might be the high sensitivity of oil price to political, economic and cultural issues worldwide and consequently its volatility on the one hand, and the high influence of the volatile prices on macroeconomic variables. On the other hand, for different reasons such as oil price volatilities and income from oil export, economic planners and policy makers in Iran have been mainly focused on the promotion of non-oil exports especially during the last few decades. Therefore, methanol as one of the most commonly used petrochemical products has a high potential for production and export of non-oil products in Iran. For this reason, in the present study there was an attempt to examine the relationship between the prices of Iran’s crude oil and methanol using FIGARCH model and based on the weekly time series data related to the research variables. The results of the study showed that the long memory parameter is equal to 0.32 which is meaning the shocks caused by volatility of methanol market and crude oil price to the methanol price were lasting and meaningful and were revealed in the long term.

scholarly journals Analisis pengaruh keadaan ekonomi makro terhadap investasi Asuransi Jiwa Syariah di Indonesia tahun 2010 – 2019

2020 ◽  
pp. 37-53
Author(s):  
Khalish Khairina
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Significant Influence ◽  
Life Insurance ◽  
Time Series Data ◽  
Composite Index ◽  
T Test ◽  
Least Square ◽  
Series Data ◽  
Independent Variables

This study aims to analyze the effect of Inflation, Exchange Rate, BI Interest Rate, Indonesia Composite Index on Sharia Insurance Life in Indonesia.  Data used is time series data for 10 years (2010-2019) and analyzed by using Eviews 10. This research using quantitative descriptive method, and to analyze the effect of independent variables toward dependent variables using Ordinary Least Square technique. The result of t – test shows Inflation, Exchange Rate, Indonesia Composite Index have significant influence to Sharia Life Insurance Investment in Indonesia that t –test < 0,05 and Interest Rate doesn’t influence to Sharia Life Insurance Investment in Indonesia with t – test > 0,05. However, independent variables has a significant influence with the result of F test 0,000002 < 0,05 and Adjusted R-Squared test shows that 99,41 %  of Sharia Life Insurance Investment in Indonesia is influenced by independent variables in this research

scholarly journals PENGARUH VARIABEL MAKROEKONOMI DAN INDEKS SAHAM INTERNASIONAL TERHADAP INDEKS SAHAM JAKARTA ISLAMIC INDEX (JII)

2020 ◽  
Vol 6 (12) ◽  
pp. 2381
Author(s):  
Devi Rahmiyanti ◽  
Bayu Arie Fianto
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Gold Price ◽  
Oil Price ◽  
Stock Index ◽  
Crude Oil Price ◽  
Correction Model ◽  
Monthly Data ◽  
Macroeconomic Variables ◽  
Long Run

This study investigate the effect of macroeconomic variables and international stock index on the stock index Jakarta Islamic Index (JII) using monthly data over period January 2013 to December, 2018. Macroeconomic variables used in this study are inflation, exchange rate, international crude oil price, World Gold Price and for the international stock index using Dow Jones Islamic Market. The study employs the eror correction model (ECM). The empirical result reveal that there is co-integration between the four macroeconomic variables, one international stock index and stock index in Jakarta Islamic Index indicating long run equilibirium relationship. Furhther, the result reveal that with significancy 0,5% only exchange rate, international crude oil price, world gold price had significant effect on Jakarta Islamic Index while inflation and Dow jones Islamic Market did not have a significant effect on Jakarta Islamic Index.Keywords: The stock Index, the Jakarta Islamic Index, the macroeconomic variables

scholarly journals PENGARUH VARIABEL MAKROEKONOMI TERHADAP INDEKS HARGA SAHAM SYARIAH (STUDI KASUS DI INDONESIA DAN MALAYSIA)

2018 ◽  
Vol 9 (2) ◽  
Author(s):  
DESY TRISHARDIYANTI ADININGTYAS
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Stock Price ◽  
Price Index ◽  
Gold Price ◽  
Oil Price ◽  
Crude Oil Price ◽  
Short Term ◽  
Correction Model

Abstract. The Effect of Macroeconomic Variables on Sharia Stock Price Index (Case Study in Indonesia and Malaysia). The purpose of this research is to know the effect of macroeconomic variables (inflation, exchange rate, world crude oil price and world gold price) on sharia stock price index in Indonesia and Malaysia. By using Error Correction Model as the method, this research utilizes time series monthly data from March 2015 until February 2018. The finding shows that in long-term, inflation in Indonesia, exchange rate of rupiah, world crude oil price and world gold price had significant effect on Jakarta Islamic Index. In short-term, inflation in Indonesia, world crude oil price, world gold price had not significant effect on Jakarta Islamic Index and exchange rate of rupiah had significant effect on Jakarta Islamic Index. Meanwhile, inflation in Malaysia, world crude oil price, world gold price had not significant effect on FTSE Bursa Malaysia Hijrah Syariah Index in long-term and short-term. And exchange rate of ringgit had significant effect on FTSE Bursa Malaysia Hijrah Syariah Index in long-term and short-term.   Abstrak. Pengaruh Variabel Makroekonomi Terhadap Indeks Harga Saham Syariah (Studi Kasus di Indonesia dan Malaysia). Tujuan dari penelitian ini adalah untuk mengetahui pengaruh variabel makroekonomi (inflasi, kurs, harga minyak mentah dunia dan harga emas dunia) terhadap indeks harga saham syariah di Indonesia dan Malaysia. Penelitian ini menggunakan metode Error Correction Model, dengan data time series bulanan dari Maret 2015 sampai dengan Februari 2018. Hasil penelitian ini menunjukan bahwa pada jangka panjang, inflasi Indonesia, kurs rupiah, harga minyak mentah dunia dan harga emas dunia berpengaruh terhadap Jakarta Islamic Index. Pada jangka pendek, inflasi Indonesia, harga minyak mentah dunia, harga emas dunia tidak berpengaruh terhadap Jakarta Islamic Index dan kurs rupiah berpengaruh terhadap Jakarta Islamic Index. Sementara itu, inflasi Malaysia, harga minyak mentah dunia, harga emas dunia tidak berpengaruh terhadap FTSE Bursa Malaysia Hijrah Syariah Index pada jangka panjang dan jangka pendek. Dan kurs ringgit berpengaruh terhadap FTSE Bursa Malaysia Hijrah Syariah Index pada jangka panjang dan jangka pendek.

scholarly journals The Effect of USD/IDR Exchange Rate, Interest Rate, and World Oil Price To Jakarta Composite Index (JCI)

2019 ◽  
Vol 3 (2) ◽  
pp. 191
Author(s):  
Ummu Salma Al-Azizah ◽  
Yusdi Daulay ◽  
Naufal Krisnanto
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Interest Rate ◽  
Time Series Data ◽  
Stock Exchange ◽  
Composite Index ◽  
Oil Price ◽  
Series Data ◽  
Macroeconomic Variables ◽  
The Exchange Rate

This research aims to investigate effect of selected macroeconomic variables, i.e., USD/IDR exchange rate, interest rate, and world oil price to indonesia composite index at the indonesia stock exchange (IDX). This paper examine the direct effect of selected macroecomonic variable on Indonesia Composite Index. The study used time series data from the 2012-2017. By using an regression technique analysis, the result from showed that simultaneously the exchange rate, interest rate, and world oil price have a significant effect on Indonesia Composite Index. Partially, only the exchange rate has a significant effect on Indonesia Composite Index, interest rate and world oil price have no significant effect on Indonesia Composite Iindex. The amount of influece caused by the three variables is 58% and the rest is explained by other variables.

scholarly journals Impact of Macro - Economic Factors on Indian Stock Market- A Research of BSE Sectoral Indices

2019 ◽  
Vol 8 (2S7) ◽  
pp. 597-602
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Market ◽  
Crude Oil ◽  
Stock Prices ◽  
Gold Price ◽  
Oil Price ◽  
Economic Factors ◽  
Crude Oil Price ◽  
The Impact

Macro-Economic factors plays a major role in decision making. Evaluation of macroeconomic environment is required to examine the behaviour of stock prices, which further influences the investor’s investment behaviour. Even though some macro-economic factors are not directly related to the company or industry, but those factors has an impact on stock prices, further economic activity in the domestic and global level has its own impact on stock market. When economy of the country grows hastily, it leads to faster growth in the industry and vice versa. Financial market plays a central role in the performance of financial system of an economy. Stock market is a market where securities of listed companies are exchanged between different investors, it is very responsive market which, gives a stage to investors to invest their money in various securities. Market indices are the tools to measure the performance of various securities of stock market and Investors make use of those market indices to analyse performance of those industries in which, they prefer to invest. This study takes into account six macro-economic factors (Crude oil Price, Gold Price, Silver Price, Exchange Rate, Inflation and Interest Rate) to study & analyse the impact of these variables on selected sectoral indices at BSE, SENSEX, S&P BSE BANKEX, S&P BSE Oil and Gas, S&P BSE Capital Goods, S&P BSE Consumer Durables, S&P BSE Reality, S&P BSE PSU and S&P BSE Power. The study shows that gold price, exchange rate, consumer price index and interest rate are positively correlated with four indices but crude oil price and silver price have positively correlated with 3 indices. So from the result it is clear that investor need to take of all the variables for their investment decision and the investment banker also take care of these indicators before giving suggestion to their clients

scholarly journals Analisis Pengaruh Makroekonomi, Komoditas Dunia, dan Indeks Dunia terhadap Indeks Harga Saham Gabungan (IHSG) pada Periode 2014-2019

2021 ◽  
Vol 9 (1) ◽  
pp. 295
Author(s):  
Fadhil Ahmad
Keyword(s):  
Exchange Rate ◽  
Sampling Method ◽  
Time Series Data ◽  
Composite Index ◽  
Gold Price ◽  
Series Data ◽  
Dow Jones Industrial Average ◽  
Negative Effect ◽  
Positive Effect ◽  
Daily Time

This research explains the influence of inflation, Exchange Rate, BI Rate, GDP, World Gold Price, Crude Oil Price, Dow Jones Industrial Average (DJIA), and Nikkei 225 toward Jakarta Composite Index (JCI). Type of research used in causality research with a quantitative approach. The sample was based on daily time series data from 1 January 2014 until 31 December 2019, using a complete sampling method that consists of 2190 samples. This research used a generalized autoregressive conditional heteroskedasticity (GARCH) method. The result of hypothesis testing by the GARCH method shows that the World Gold Price and Dow Jones Industrial Average significant have a positive effect, Then the Nikkei 225 significant have a negative effect, and then the Inflation, Exchange Rate, BI Rate, and GDP have not significant to the Jakarta Composite Index (JCI). The implication of this research provides information to investors who must pay attention to World Gold Price, Dow Jones Industrial Average, and Nikkei225 if they want to invest in Indonesian.

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