KINERJA PORTOFOLIO SAHAM BERDASARKAN STRATEGI INVESTASI MOMENTUM PADA INDUSTRI MANUFAKTUR

  • R. Narendra Saputro Fakultas Ekonomi dan Bisnis Universitas Udayana
  • Ida Bagus Badjra Fakultas Ekonomi dan Bisnis Universitas Udayana

Abstract

The purpose of this study was to determine the performance of a stock portfolio using momentum investment strategy in the manufacturing industry. The scope of this research area is the companies in the manufacturing industry listed in Indonesia Stock Exchange during the period January 2009 to December 2014. 120 samples of manufacturing companies were taken using purposive sampling method. Methods of data collection is done through non-participant observation and analysis techniques using paired sample t-test. Based on the results of data analysis found that the performance of winner portfolio was lower than the performance of loser portfolio in the period of the next possession, and then, there is a difference between the winner-loser portfolio performance in the formation period and the holding period. This indicates that the momentum investment strategy is not profitable when applied in the Indonesian capital market.

Downloads

Download data is not yet available.
Published
2016-01-26
How to Cite
SAPUTRO, R. Narendra; BADJRA, Ida Bagus. KINERJA PORTOFOLIO SAHAM BERDASARKAN STRATEGI INVESTASI MOMENTUM PADA INDUSTRI MANUFAKTUR. E-Jurnal Manajemen, [S.l.], v. 5, n. 1, jan. 2016. ISSN 2302-8912. Available at: <https://ojs.unud.ac.id/index.php/manajemen/article/view/16759>. Date accessed: 21 nov. 2024.
Section
Articles

Keywords

performance of stock portfolio, momentum investment strategy, manufacturing industry.