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Optimalisasi Portofolio Nilai Saham: Studi Komparasi Kinerja Saham Syariah dan Nonsyariah

Economica: Jurnal Ekonomi Islam

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Field Value
 
Title Optimalisasi Portofolio Nilai Saham: Studi Komparasi Kinerja Saham Syariah dan Nonsyariah
 
Creator Mubarok, Ferry Khusnul
Darmawan, Ahmad Ridho
Luailiyah, Zahirotul
 
Subject Sharpe Index; Treynor Index; Jensen alpha Index; portfolio performance; sharia and nonsharia shares
 
Description The objective of this research is to analyze the comparison of sharia and nonsharia stock performance. The sample is a company listed on the Indonesia Stock Exchange, listing from 2013-2017. The sample consists of nonsharia stock (LQ45) and sharia stock (Jakarta Islamic Index). Sampling method used purposive sampling technique. Data analysis technique used Risk-Adjusted Return Measurement and analyzed by using paired sample T-Test. Based on analysis and discussion, there is no significant differences between portfolio performance of LQ45 and JII, either using Sharpe, Treynor, and Jensen alpha Index. Based on annual data, the performance of JII’s portfolio is better than LQ45 when macroeconomic is depression, while LQ45 portfolio performance is better when macroeconomic is booming. Thus, JII portfolios are more effective used when the economy is depressed, while LQ45 is more effective when the economy is booming.
 
Publisher Fakultas Ekonomi dan Bisnis Islam UIN Walisongo
 
Contributor —
 
Date 2017-10-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal.walisongo.ac.id/index.php/economica/article/view/2368
10.21580/economica.2017.8.2.2368
 
Source Economica: Jurnal Ekonomi Islam; Vol 8, No 2 (2017); 309-336
2541-4666
2085-9325
 
Language eng
 
Relation https://journal.walisongo.ac.id/index.php/economica/article/view/2368/1574
 
Rights Copyright (c) 2017 Economica: Jurnal Ekonomi Islam
http://creativecommons.org/licenses/by-nc-sa/4.0