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All Journal Co-Value : Jurnal Ekonomi, Koperasi & Kewirausahaan Eduvest - Journal of Universal Studies
Putu Anom Mahadwartha
Fakultas Bisnis dan Ekonomika Universitas Surabaya, Indonesia
Aerospace Engineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Health Professions Neuroscience Social Sciences

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Pengaruh Earning Per Share dan Komponen Arus Kas Terhadap Harga Saham Pada Perusahaan Retail Yang Terdaftar Di BEI Periode 2015-2018 Ririn Subiyanti; Putu Anom Mahadwartha
Co-Value Jurnal Ekonomi Koperasi dan kewirausahaan Vol. 14 No. 8 (2024): Co-Value: Jurnal Ekonomi, Koperasi & Kewirausahaan
Publisher : Program Studi Manajemen Institut Manajemen Koperasi Indonesia Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/covalue.v14i8.4023

Abstract

Harga saham sangat ditentukan oleh penawaran dan juga permintaan akan saham itu sendiri. Semakin banyak orang yang akan membeli suatu saham maka harga dari saham tersebut akan cenderung naik dan juga sebaliknya jika semakin banyak orang yang tidak membeli saham makan harga dari saham tersebut akan cenderung turun. Tujuan dari penelitian ini adalah untuk melakukan analisis terkait dengan pengaruh Earning Per Share (EPS), Arus Kas Operasi (AKO), Arus Kas Investasi, dan Arus Kas Pendanaan terhadap harga saham. Penelitian ini dilakukan pada perusahaan retail yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2018. Jumlah sampel perusahaan yang digunakan adalah 14 perusahaan retail, dengan metode non probability sampling. Bedasarkan hasil analisis ditemukan bahwa EPS, AKO, AKI, dan AKP secara simultan memiliki pengaruh yang signifikan terhadap harga saham. Secara parsial AKO berpengaruh positif dan signifikan terhadap harga saham. sedangkan EPS, AKI, dan AKO tidak memiliki pengaruh yang signifikan terhadap harga saham hal ini menunjukkan bahwa investor tidak mempertimbangkan EPS, AKI, dan AKO sebagai keputusan untuk membeli saham.
Comparison of Active And Passive Investment Strategies on The Indonesian Stock Exchange 2013 -2024 With The Magic Formula Method Rinaldo Adi Sarosa; Putu Anom Mahadwartha
Eduvest - Journal of Universal Studies Vol. 4 No. 4 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i4.1232

Abstract

This research aims to compare Active and Passive Investment Strategies on the Indonesian Stock Exchange for the 2013-2024 Using the Magic Formula Method introduced by Joel Greenblatt (2010), which is then optimized again using the Single Index Model. Magic formula is a simple stock selection strategy by sorting stocks based on Return on Capital (ROC) and Earning Yield (EY). The shares to be selected are included in the Kompas100 Index. The selected shares have also been listed on the stock exchange for a minimum of 18 months. Shares included in financial shares will be eliminated. The next step is to select 20 shares to be formed into a Portfolio based on the top ranking of the ROC and EY scores, these 20 shares will be optimized using the Single Index Model method. For active strategies, rebalancing will be carried out every year, while for passive strategies, buy and hold will be carried out. The results of this active strategy will be compared with passive strategies and IHSG. Portfolio measurement will be carried out in 4 ways, namely: return, Sharpe ratio, Treynor ratio and Jensen Alpha. The return from the optimized Magic Formula shows a value of 217.04%, higher than the original Magic Formula return of 43.43% and the passive strategy of 35.04% and the IHSG return of 47%, but the final research results of the portfolio show measurements based on return, ratio Sharpe, and Treynor ratios were not significantly different, being significantly different only from Jensen Alpha measurements.
Co-Authors Rinaldo Adi Sarosa Ririn Subiyanti