Factors Affecting the Composite Stock Price Index during Covid-19 Pandemic Crisis

Hidayat, Ariodillah; Liliana, Liliana; Andaiyani, Sri

doi:10.15294/jejak.v14i2.27682

Cited by 3 publications

(2 citation statements)

References 3 publications

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“…Thomas L. Friedman (Hidayat, 2009) Semua manusia berasal dari satu sumber, yaitu Tuhan adalah anggapan yang menyiratkan bahwa semua manusia diciptakan oleh Tuhan yang sama. Karena manusia diciptakan oleh Tuhan yang sama, maka pada hakekatnya semua manusia itu bersaudara.…”

Section: Peran Pesantren Dalam Resolusi Konflik Sosial Dan Etika Bang...unclassified

Kiprah Pesantren: Solusi Konflik Sosial dan Etika Bangsa yang Multikultur

Mariyono

Masykuri²

2023

joe

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This study uses a qualitative approach with an analytical descriptive method with a type of literature review. Data related to educational issues, pesantren problems, social conflicts, national ethics and maps of Indonesian Bangwa that Multicultural Researchers have gathered to be studied and examined using the theory of Interactive Huberman and Saldana (2014). Data are collected, selected, displayed, condensed for marked and interpreted and concluded in a comprehensive explanation. The findings of this study have shown a real concept map that Islamic Islamic Islamic education education has actually given a response to multicultural social conflicts and ethics as a development of noble ideals of muffling and merges social and ethical disputes about tradition in all sectors of society. Revitalization of the process as a resolution of the transformation of Islamic values that are full of multiculture by prioritizing elements. First, changes in approach to functional understanding of religion. Integrating religious nuances into life, including changing, interpreting, and renewing religious values in response to social development and problems. Second, understanding of pluralism and diversity in high national ideals. In this understanding the accommodative attitude of its adherents towards religion is consciously implanted the importance of increasing and honing intellectuals, and the importance of peace and togetherness to remain side by side by side without conflict that lead to divisions and civil war. Thus, the values of Islamic education that are on an ontology are very clear the truth can be a magnet to be interesting into a friendly and peaceful process of social interaction if it rests on the true principles of Islam.

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Section: Peran Pesantren Dalam Resolusi Konflik Sosial Dan Etika Bang...unclassified

Kiprah Pesantren: Solusi Konflik Sosial dan Etika Bangsa yang Multikultur

Mariyono

Masykuri²

2023

joe

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“…Research related to the Composite Price Index has been conducted before. Research by Hidayat et al (2021) examined the CSPI in Indonesia during the Covid-19 period. Alareeni and Hamdan (2020) examined the movement of the CSPI during Covid-19 in the United States.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Financial Development and the Composite Stock Price Index in Emerging Market Countries: A Panel Data Evidence

Hidayat,

Liliana,

Harunurrasyid

et al. 2023

OMEE

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This study examines the influence of financial development variables on the Composite Stock Price Index (CSPI) in Emerging Market Countries. This study uses secondary data obtained from the International Monetary Fund and Yahoo Finance, with an annual data period of 2000–2020. Panel data regression analysis using the random effects model was performed to analyze data. The results showed that Financial Market Access Index (FMAI) and Financial Market Depth Index (FMDI) variables had a positive and significant relationship affecting CSPI, while Financial Market Efficiency Index (FMEI) had a negative and significant relationship to CSPI. The FMEI results negatively affecting CSPI indicate the need for improvements in financial market efficiency. Increased efficiency can help ensure that relevant and accurate information is available quickly and fairly to all parties, driving better investment decisions.

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Strategic portfolio rebalancing: Integrating predictive models and adaptive optimization objectives in a dynamic market

Clarissa,

Priatmodjo Koesrindartoto

2024

Investment Management and Financial Innovations

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Adjusting investment strategy is one of the ways to handle dynamic market conditions. This study proposes a novel portfolio management strategy using appropriate optimization objectives for different stock market trends while also incorporating market trends and stock return predictions The optimization objectives that will be evaluated for different market trends are maximizing the Sharpe ratio, minimizing risk, and minimizing expected shortfall. This study utilizes simulation modelling with various predictive models on building the portfolios. The results show that, in an upward market trend, the strategy is to choose stocks with positive returns, and the objective is to maximize the Sharpe ratio. The portfolio that follows this strategy during upward market trends has greater returns than both the Indonesian Composite Index and LQ45, which serve as stock market benchmarks, with 90% certainty. Meanwhile, during the downward market trend, the strategy is to choose stocks with a negative correlation with the Indonesian Composite Index, and the proper optimization objective is to minimize risk. A portfolio that follows this strategy during downward market trends has greater returns than stock market benchmarks with 95% certainty. Across the evaluation period from 2018 to 2023, the portfolio using the proposed strategy outperforms both stock market benchmarks, with a higher quarterly Sharpe ratio of 0.3047 and cumulative return of 107.90%. The proposed portfolio has a higher quarterly return than the stock market benchmark with 99% certainty. Therefore, the proposed strategy shows a promising result in a dynamic market.

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Factors Affecting the Composite Stock Price Index during Covid-19 Pandemic Crisis

Cited by 3 publications

References 3 publications

Kiprah Pesantren: Solusi Konflik Sosial dan Etika Bangsa yang Multikultur

Kiprah Pesantren: Solusi Konflik Sosial dan Etika Bangsa yang Multikultur

The Relationship Between Financial Development and the Composite Stock Price Index in Emerging Market Countries: A Panel Data Evidence

Strategic portfolio rebalancing: Integrating predictive models and adaptive optimization objectives in a dynamic market

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