Analisi Hubungan Antara Polling Saham Unggulan Sepekan Media Indonesia Dengan Perubahan Harga Saham Di Bursa Efek Jakarta
Each Monday, Media Indonesia publishes an opinion poll of certain stocks traded on the Jakarta Stock Exchange, summarizing opinions on expected trading in these stocks for the coming week. These predictions, collected from brokers, securities companies, and investors, are based on whether they expec...
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| Format: | Article NonPeerReviewed |
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[Yogyakarta] : Universitas Gadjah Mada
1997
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| Online Access: | https://repository.ugm.ac.id/24792/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=7770 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | Each Monday, Media Indonesia publishes an opinion poll of certain stocks traded on the Jakarta Stock Exchange, summarizing opinions on expected trading in these stocks for the coming week. These predictions, collected from brokers, securities companies, and investors, are based on whether they expect to buy, hold or sell these stocks during that week of trading. Providing an additional source of information to be used in making investment decisions related to stocks or stock portfolio, the accuracy of this information needs evaluating. The purpose of this study is to evaluate whether the information provided by th'e poll is accurate, and a good predictor of stock price movement for the following week of trading. A sample of 72 stocks included in the polls published in a four-week period in March, 1996 was collected, and the opinion poll for these stocks was compared with the actual stock price movement the following week. The results of the analysis showed significant relationship between the poll and stock price movement, suggesting that the poll is statistically reliable in predicting stock price movement. However, analysis of individual stocks showed that only 55.6% demonstrated a positive correlation between the information in the poll and stock price movement. This finding suggest that Media Indonesia can improve on the quality of information provided in the poll.
Key words: polling |
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