Isfenti Sadalia
Fakultas Ekonomi dan Bisnis, Universitas Sumatera Utara, Medan

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Analisis Perbandingan Kinerja Cryptocurrency Bitcoin, Saham, dan Emas sebagai Alternatif Investasi Christopher Lumbantobing; Isfenti Sadalia
Studi Ilmu Manajemen dan Organisasi Vol. 2 No. 1 (2021): April
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v2i1.393

Abstract

Purpose: This research aimed to find out and analyze the comparison of Bitcoin, stocks, and gold performances. Research methodology: The analytical method used in this research is a comparative method by using secondary data. Microsoft Excel program was used to calculate the formula of each variable. Then, the data were processed statistically by using the SPSS application, the Kurskall-Wallis Test. Results: This study indicates that there is no significant difference between Bitcoin, LQ45 stocks, and gold when measured from return and Jensen’s performance measure. Then, there are significant differences between Bitcoin, LQ45 stocks, and gold when measured from risk, Sharpe performance’s measure, and Treynor performance’s measure Limitations: The data used in this research were only from April 2013 – October 2019. Contribution: This research contributes to investors and anyone who wants to invest.
Analisis Risk dan Return Investasi pada Ethereum dan Saham LQ45 Mutia Fitri Chania; Oyami Sara; Isfenti Sadalia
Studi Ilmu Manajemen dan Organisasi Vol. 2 No. 2 (2021): Oktober
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v2i2.669

Abstract

Purpose: This research aims to analyze the risk and return of investing in ethereum and LQ45 shares and to see the difference between LQ45 stock prices and ethereum prices before and after the announcement of the Covid-19 pandemic in Indonesia. Research Methodology: The research method uses the Kruskall-Wallis test and the Paired Sample t-test. Results: The results show the level of the return on ethereum and LQ45 shares did not have a significant difference, while the level of the risk between ethereum and LQ45 shares have a significant difference. For the price of Ethereum and LQ45 shares, there was a significant difference between before and after the Covid-19 pandemic was announced in Indonesia. The average price of ethereum and LQ45 shares decreased compared to before the announcement of the Covid-19 pandemic in Indonesia. Limitations: This research was conducted without including the risk-free rate in the calculation of stock risk. Contribution: This research is expected to be a reference for investors in viewed and analyzed investment opportunities based on risk and return during Covid-19.
Analisis Fundamental Cryptocurrency terhadap Fluktuasi Harga: Studi Kasus Tahun 2019-2020 Septiana Sihombing; Muhammad Rizky Nasution; Isfenti Sadalia
Jurnal Akuntansi, Keuangan, dan Manajemen Vol. 2 No. 3 (2021): Juni
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v2i3.373

Abstract

Purpose: This study aimed to analyze cryptocurrency fundamentals against price fluctuations (case study 2019-2020). Research Methodology: The data in the research paper were accessed on the coinmarketcap.com website. The sample of this research is Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Results: The results show that: 1) Bitcoin Market Cap, Ethereum Market Cap, Litecoin Market Cap, Bitcoin Cash Market Cap have a positive and significant effect on price fluctuations. 2) Bitcoin Volume and Bitcoin Cash Volume have a positive and insignificant effect on price fluctuations. 3) Ethereum volume has a positive and significant effect on price fluctuations. 4) Litecoin volume has a negative and significant effect on price fluctuations. Limitations: Further researchers are expected to add variables such as (global macroeconomics, cryptocurrency Blockchain technology changes, psychological factors), different variables (quantitative and qualitative) and combine models to predict cryptocurrency price fluctuations by analyzing them fundamentally and technically. Contribution: This research implies that cryptocurrencies with highly speculative prices have the same fundamental value as the stock price.