scholarly journals Exploring the Financial Ratios: The Case Study of the Famed Chemical Industry Firms in the US

2014 ◽  
Vol 1 (2) ◽  
pp. 11 ◽  
Author(s):  
Chikashi Tsuji
Keyword(s):  
Chemical Industry ◽  
Stock Prices ◽  
Stock Price ◽  
System Analysis ◽  
Market Valuation ◽  
Fiscal Year ◽  
Financial Ratio ◽  
Financial Conditions ◽  
The Us

The objective of this paper is to explore the linkage between corporate financial conditions and the market valuation of the famed US chemical industry firms by the case study using financial ratio and market data. More concretely, we first conduct corporate financial ratio analyses including the Du Pont system analysis as to four well-known large chemical industry firms in the US. Our analyzing period is from the fiscal year of 1979 to 2012. After the financial ratio analyses for the above period, we further examine the relations between corporate financial conditions and the market valuation of the four US firms by using their stock price data after the end of the fiscal year of 2012. As a result, the corporate financial conditions of the four firms at the end of the fiscal year of 2012 appear to be adequately reflected in the subsequent stock prices in equity markets.

Perbandingan harga saham, volume transaksi dan return saham sebelum dan sesudah terjadi pandemi covid-19 pada PT Agung Podomoro Land, Tbk

2021 ◽  
Vol 5 (4) ◽  
pp. 720
Author(s):  
Anggun Putri Romadhina ◽  
Eka Kusuma Dewi
Keyword(s):  
Stock Returns ◽  
Stock Prices ◽  
Stock Price ◽  
Research Data ◽  
Paired Sample ◽  
First Case ◽  
Significant Difference ◽  
Before And After ◽  
Stock Transaction

The first Covid-19 case in Indonesia was announced on March 2, 2020. This study aims to determine whether there is a significant difference in stock prices, stock transaction volume and stock returns due to the COVID-19 pandemic (case study at PT. Agung Podomoro Land, Tbk). This research data was taken 90 days before and 90 days after the announcement of the first case of COVID-19 in Indonesia. The data was processed by paired sample t-test, using SPSS version 20. From the results of data processing, it was shown that there was a significant difference in stock prices before and after the announcement of the first case of covid-19 in Indonesia. This is indicated by a significance value of 0.000 < 0.05 where the stock price has decreased compared to before the Covid-19 case. Meanwhile, the volume of stock transactions also showed a significant difference with a significance value of 0.007 <0.05, where the volume of stock transactions after the announcement showed a decrease. Likewise, stock returns show a significant difference with a significance value of 0.025 < 0.05 where stock returns have decreased after the announcement of the first case of covid-10 in Indonesia.  

Decoupling stock price momentum from accounting fundamentals

2020 ◽  
Vol 32 (4) ◽  
pp. 519-541
Author(s):  
Irfan Safdar
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Momentum Effect ◽  
Complete Understanding ◽  
Delayed Reaction ◽  
Content Type ◽  
Price Momentum ◽  
Price Performance ◽  
The Us ◽  
Term Performance

Purpose What explains patterns in stock prices is an important question. One such pattern, price momentum, is a well-known capital markets anomaly where recent stock price performance appears to continue into the future. This momentum is frequently thought to reflect delayed reaction by investors to unspecified information (i.e. underreaction). This study aims to provide a useful insight regarding momentum: potential mispricing related to accounting fundamentals appears to conceal longer-term reversals in price momentum. Controlling for these fundamentals reveals that price momentum reverses, indicating that investor overreaction is a potentially important source of stock price momentum. The evidence presented in this study emphasizes the importance of decoupling momentum and accounting fundamentals to achieve a more complete understanding of what explains stock price momentum. Design/methodology/approach This study explores this question by examining the longer-term performance of momentum stocks in the US market after decoupling it from performance related to accounting fundamentals using returns to fundamentals-based factors as controls in time series regressions. Findings This study finds evidence of clear reversals in the remaining price momentum. These reversals provide a new insight into the momentum effect because they imply that the component of price momentum not traceable to accounting fundamentals reflects investor overreaction rather than underreaction. Originality/value The findings indicate that the underlying nature of the information driving price movements is important to achieving a complete understanding of what explains price momentum. To the best of the author’s knowledge, no other study has examined the behavior of stock price momentum while controlling for accounting fundamentals.

scholarly journals Financial Ratios and Share Prices of JII70 Indexed Companies for the 2018-2020 Period

2021 ◽  
Vol 6 (1) ◽  
pp. 23
Author(s):  
Ahmad Fauzan ◽  
Rindang Matoati
Keyword(s):  
Panel Data ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Share Price ◽  
Stock Index ◽  
Financial Ratios ◽  
Financial Ratio ◽  
Panel Data Regression ◽  
Data Regression

  Abstract: The sharia capital market in Indonesia has grown over the last five years. One of the members of the sharia capital market instrument is sharia shares. During the 2015-2020 period, the number of Islamic stock issuers continued to grow. The stock index is used by investors as a tool to choose stocks that suit their needs. IDX has issued three sharia stock indexes, and the most recent one is the JII70 index. A stock index is a collection of statistics about the price movement of a group of stocks that is evaluated periodically. One of the many factors that influence stock prices is the company's financial ratios. This study aims to analyze the influence of financial ratio factors such as Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Return on Equity (ROE) and Earning per Share (EPS) on the stock price of JII70 indexed companies. The data used is secondary data in the form of JII70 indexed company financial statements in the 2018-2020 period. The method of determining the sample using purposive sampling. This research uses panel data regression analysis method. The results of this study show a significant effect of the DER and EPS variables on stock prices, while the CR, TATO and ROE variables do not significantly affect stock prices.Keywords: Share Price, JII70, Financial Ratio, Panel Data Regression, Sharia Shares

scholarly journals ANALISIS PENGARUH RASIO KINERJA KEUANGAN TERHADAP HARGA SAHAM PT BANK MANDIRI PERSERO PERIODE 2014 – 2019

GANEC SWARA ◽  
2021 ◽  
Vol 15 (1) ◽  
pp. 963
Author(s):  
I KETUT KUSUMA WIJAYA
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Supply And Demand ◽  
Share Price ◽  
Financial Reports ◽  
Financial Ratio ◽  
Share Prices ◽  
Performance Variables ◽  
Simultaneous Test

     Share prices occur according to market supply and demand. Demand for shares is influenced by investors' expectations of the issuing company. The better the financial performance of a company, the higher investor expectations will be. This results in the shares becoming increasingly attractive and the share price will be higher. Conversely, if a company's financial performance is not good, investors' expectations will be low, so investors are not interested in investing in these shares. This causes the stock price to fall. The company's financial performance can be done by analyzing financial reports. This study aims to determine the effect of financial performance ratios on stock prices. The analytical tool used is multiple linear regression and hypothesis testing is done by partial test (T-test) and simultaneous test (F-test) and standardized coefficient test.     Based on the research results that simultaneously the financial ratio variable does not have a significant effect on stock prices. Meanwhile, only partially the NPM variable affects stock prices. Meanwhile, the financial performance variables (CAR, ROA, and LDR) do not affect stock prices. For the adjusted R2 value of 99.80%, it means that this value means that the variation of the independent variable which can explain the dependent variable is 99.80% and the remaining 2% is the variation of other variables that are not explained in the model.

scholarly journals Analisis Pengaruh Ratio Keuangan dengan Harga Saham pada Perusahaan Properti di Bursa Efek Indonesia

2012 ◽  
Vol 1 (2) ◽  
pp. 33
Author(s):  
Bambang Sugeng Dwiyanto
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Financial Ratio ◽  
Book Value ◽  
Property Companies ◽  
Retained Earnings ◽  
Total Sales ◽  
Do So

<span><em>Bankcruptcy is a very important problem, in which every </em><span><em>company should be aware of. It is very important to detect the signs of the </em><span><em>coming bankruptcy of the company as soon as possible in order to take </em><span><em>effective action to avoid it. One popular model to do so is Z-score, a </em><span><em>statistical model to predict bankruptcy based on company financial </em><span><em>performance. This paper deals with the analysis of the financial performance </em><span><em>of property companies listed on the Indonesia Stock Exchange. However, in </em><span><em>previous research it was found that there is no strong correlation between the </em><span><em>companies financial performance with their stock prices, thus encouraging </em><span><em>further research. In this research, the analysis focused on the influence of the </em><span><em>financial ratio-ratio (X1) Ratio net working capital / total assets, (X2) Ratio of </em><span><em>retained earnings / total assets, (X3) Ratio of earnings before interest and </em><span><em>taxes / total assets, (X4) Ratio of market value equity / book value of total </em><span><em>debt, and (X5) Total sales / Total assets) to the stock price. Apparently based </em><span><em>on classical assumption test, multiple regression analysis, coefficient of </em><span><em>determination, and F-Test , it was found that there is no significant effect </em><span><em>between the financial value of ratio-ratio simultaneously with their stock </em><span><em>prices, and the ratio of total sales / total assets is the most dominant variable </em><span><em>influence.</em></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /></span>

scholarly journals THE EFFECT OF ALTMAN Z – SCORE FINANCIAL RATIO ON STOCK PRICE (STUDY ON GO PUBLIC PLANTATION SUBSECTOR COMPANIES IN INDONESIA STOCK EXCHANGE)

2020 ◽  
Vol 1 (1) ◽  
pp. 43-55
Author(s):  
Muhammad Fachri Radityatama ◽  
Matrodji H. Mustafa
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Stock Exchanges ◽  
Annual Data ◽  
Z Score ◽  
Financial Ratio ◽  
Panel Data Regression ◽  
Data Regression ◽  
Retained Earnings

This study aims to examine and analyze the effect of the ratio - financial ratios Altman Z-Score on stock prices (study at the plantation subsector company that went public on the stock exchanges of Indonesia). The research data is annual data from 2014 until 2018. The sampling method used was purposive sampling. Of the population of 16 companies in the plantation subsector, 15 companies met the criteria plantation sub-sector into the sample. The analytical method used in this study is panel data regression. The results showed Working Capital to Total Assets (WCTA), Retained Earnings to Total Assets (RETA), Earnings Before Interest and Tax (EBITTA) and Market Value Equity to Book Value of Total Liabilites (MVEBTL) together - the same (simultaneous) effect significant positive stock price

scholarly journals Stock Price Behavior of Nepalese Commercial Banks: Random Walk Hypothesis

2018 ◽  
Vol 5 ◽  
pp. 42-52
Author(s):  
Nirajan Bam ◽  
Rajesh Kumar Thagurathi ◽  
Bipin Shrestha
Keyword(s):  
Random Walk ◽  
Stock Prices ◽  
Commercial Banks ◽  
Stock Price ◽  
Fiscal Year ◽  
Data Set ◽  
Random Walk Hypothesis ◽  
The Past ◽  
Random Behavior ◽  
Run Test

Using the data set on daily stock prices during the fiscal year 2015/16 (Sept 23, 2015 through Dec 22, 2015), this paper attempts to analyze the random behavior of stock price of Nepalese Commercial Banks by using run test, serial correlation and run tests and martingale random walk hypothesis under heteroscedasticity assumption of standard error. The results conclude that the proposition of Random Walk Hypothesis (RWH) in Nepalese stock markets does not hold true. This conclusion corroborates with the conclusions of the past studies carried out in Nepalese context.

scholarly journals ANALISIS RETURN ON EQUITY TERHADAP HARGA SAHAM DI PT. BEKASI ASRI PEMULA, TBK

PARAMETER ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 67-79
Author(s):  
Silvia Silvia
Keyword(s):  
Correlation Analysis ◽  
Stock Prices ◽  
Stock Price ◽  
Linear Regression Analysis ◽  
T Test ◽  
Share Price ◽  
Coefficient Of Determination ◽  
Return On Equity ◽  
Financial Conditions ◽  
Analysis Technique

Analysis of Return on Equity Against Stock Prices at PT. Bekasi Asri Pemula, Tbk. This study aims to find out how Return on Equity (ROE) on Stock Prices. The object of this research is PT. Bekasi Asri Pemula, Tbk for the period 2014 - 2017. This study used a qualitative method consisting of two variables, namely Return On Equity (ROE) as an independent variable and stock price as the dependent variable. The data analysis technique used is simple linear regression analysis, correlation analysis, coefficient of determination analysis, and t test. The results of testing the research show that return on equity has a significant influence on stock prices. This result can be seen in the correlation analysis (r) of 0.82 which means that the relationship is very strong. The results of the coefficient of determination analysis show that return on equity has an influence on stock prices of 67.24% and 32.76% influenced by other factors not examined. The constant value of this regression equation is positive. This shows that the dependent variable Y will increase constantly if the variable X is zero. While the value of 15.752.67 shows that if the variable X (Return On Equity) is ignored then the stock price will be worth a 15.752.67 from b of 653,812.04 indicating that each increase in the variable Return on Equity (ROE) of 1 unit will be followed by a share price increase of 2, 40935758%. Whereas partially t test because t count <t table is 2.03 <4.30 then Ho is accepted and Ha is rejected meaning there is no effect due to the fluctuating financial conditions.

scholarly journals The Influence of Net Profit Margin On Stock Price with Earnings Per Share (Eps) As Moderating Variables

2021 ◽  
Vol 3 (2) ◽  
pp. 74-80
Author(s):  
Budi Prijanto ◽  
Rani Ferina Pulung ◽  
Agustin Rusiana Sari
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Analysis Data ◽  
Profit Margin ◽  
Moderating Variables ◽  
Net Profit ◽  
Food And Beverage

This study aims to investigate: the effect of Net Profit Margin (NPM) on stock prices and whether EPS is a moderating variable on the effect of NPM on stock prices. The case study was determined on the food and beverage sub-sector companies listed on the Indonesia Stock Exchange from 2015 to 2019. The population of this study was 26 companies, with the sampling technique used was the purposive sampling method. The use of this sampling technique resulted in 11 companies that met the criteria. The data analysis techniques used include simple regression (t test), multiple regression (F test), and interaction-type moderation tests using Moderated Regression Analysis. Data processing was carried out with the help of the IBM SPSS Ver 22 program. The findings of this study were that NPM had an effect on stock prices and EPS became a moderating variable (strengthened) on the effect of NPM on stock prices.

scholarly journals Daily Stock Price Behavior of Commercial Banks in Nepal

2007 ◽  
Vol 3 (1) ◽  
pp. 100-110 ◽  
Author(s):  
Keshar J. Baral ◽  
Surya Kumar Shrestha
Keyword(s):  
Stock Prices ◽  
Commercial Banks ◽  
Stock Price ◽  
Serial Correlation ◽  
Fiscal Year ◽  
Price Behavior ◽  
Data Set ◽  
Business Studies ◽  
Random Walk Hypothesis ◽  
The Past

Using the data set on daily stock prices during the fiscal year 2005/06 (July 16, 2005 through July 16, 2006), this paper attempts to analyze the stock price behavior of commercial banks in Nepalese markets. The results of serial correlation and run tests conclude that the proposition of Random Walk Hypothesis (RWH) in Nepalese stock markets does not hold true. This conclusion corroborates with the conclusions of the past studies carried out in Nepalese context.Journal of Nepalese Business Studies 2006/III/1 pp. 100-110

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