SHARIA STOCK PORTFOLIO ANALYSIS USING MARKOWITZ METHOD BEFORE AND DURING COVID-19 PANDEMIC

• Main Author: Mega Sapitri, Nonik
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/55132
• Institution: Institut Teknologi Bandung

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.