SHARIA STOCK PORTFOLIO ANALYSIS USING MARKOWITZ METHOD BEFORE AND DURING COVID-19 PANDEMIC
A lot of people invest nowadays. It happens because people started to realize the importance of gathering and developing assets to fulfill their future needs. One of the most popular investment is sharia stock. Sharia stocks in Indonesia is regulated by OJK (Financial service authority) and part...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/55132 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | A lot of people invest nowadays. It happens because people started to realize the importance
of gathering and developing assets to fulfill their future needs. One of the
most popular investment is sharia stock. Sharia stocks in Indonesia is regulated by
OJK (Financial service authority) and part of DES (Sharia listed company). In this
study, ISSI (Indonesian Sharia Stock Index) as a sharia stock market was selected
to be analyzed. Back then, an investor is required to make a stock portfolio as
a risk management strategy. In creating sharia stock portfolio, stock short selling
is prohibited. By observing the change of fluctuate stock price before (2019) and
during (2020) pandemic, this study has been determined and analyzed portfolio
using sample variance-covariance method. According to this study, it was found
that portfolio with sukuk constant 2019 was suitable for investment before pandemic
with static weight calculation. Meanwhile, portfolio with constant c = 0%
was good for investment before pandemic with static weight calculation and during
pandemic with static and dynamic weight calculation. |
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