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Composite Stock Price Index (IHSG) Macro Factor in Investment in Stock (Equity Funds)

Author

Listed:
  • Andi Desfiandi1

    (Lecturer of Business and Economics, Institute of Business and Informatics, Darmajaya Lampung, Indonesia,)

  • Alvin Desfiandi

    (Lecturer of Business and Economics, Prasetia Mulya University, Jakarta, Indonesia,)

  • Hapzi Ali

    (Lecturer of Management and Business, Mercu Buana University, Jakarta, Indonesia.)

Abstract

Investors often find it difficult to valuate and purchase stocks with good performance that provide optimum yields. Inadequate information regarding how to make good investments is one of the main reasons why people lose interest to invest in capital market. The purpose of this research is to find a stock performance measurement model by using accounting and financial management system that is made by using the information from stocks turnover ratio and risk level of stocks. This performance measurement model can be an important tool for investors to identify the stock performance factor. Therefore, investors can valuate and purchase stocks with optimum performance and yields. US Dollar (USD)/Indonesian Rupiah (IDR) rate has significantly negative influence to Indonesian composite price index (IHSG) movement since a depreciation of IDR discourages investors to invest in Indonesia stock exchange (IDX). Therefore, the investors divert their investments from stock market to foreign exchange market to arbitrage. Straits times index (STI) has significantly positive influence to IHSG since Singapore and Indonesia share common investors that causes the movement of STI is followed by the movement of IHSG.

Suggested Citation

  • Andi Desfiandi1 & Alvin Desfiandi & Hapzi Ali, 2017. "Composite Stock Price Index (IHSG) Macro Factor in Investment in Stock (Equity Funds)," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 534-536.
    • Handle: RePEc:eco:journ1:2017-03-69
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    Citations

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    Cited by:

    1. Anwar, Cep Jandi, 2021. "Heterogeneity Effect of Central Bank Independence on Asset Prices: Evidence from Selected Developing Countries," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(2), pages 65-80.
    2. Salim, M. Noor & P, Yohanes Gabriel Obie, 2021. "The Effect of Share Transaction Determinants and its Impact on JCI on IDX 2010-2020," OSF Preprints q2vf3, Center for Open Science.

    More about this item

    Keywords

    Performance; Mutual Funds; Risk Stock;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G2 - Financial Economics - - Financial Institutions and Services

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