ANALISIS PERBANDINGAN KINERJA INDEKS SAHAM SYARIAH DAN KINERJA INDEKS SAHAM KONVENSIONAL
Abstract: This research was
conducted with the purpose of find out and analyzing the
Jakarta Islamic Index
comparison with LQ45
indices in Indonesian Stock
Exchange (IDX) with
risk adjusted performance measurement methods.
Determination of the
sample using purposive sampling technique. The data used
is secondary data based publications Indonesian
Stock Exchange (IDX).
Data were obtained
based on the criteria that the stock price index every
month Jakarta Islamic Index and LQ45
stock price index
by using descriptive
analysis. Performance measurement using
risk adjusted performance
against the Jakarta Islamic Index
and LQ45 through
the Sharpe index,
Treynor index, Jensen index.
The results show
that the performance
of the Jakarta Islamic Index
better than performance
LQ45 in the
year 2008, 2009, 2012.
Jakarta Islamic Index
worse than the
performance LQ45 in the
year 2010, 2011.
Shows that the
overall performance of
the Jakarta Islamic Index
is better than
performance LQ45 because
a screening conducted Indonesia
Stock Exchange on the Jakarta
Islamic Index produce good
performance when economic
conditions decline. Screening
process conducted on the Indonesia Stock Exchange to LQ45 produce better
performance than Jakarta
Islamic Index in
normal economic conditions.
Penulis: RIZKI DWI KURNIAWAN, NADIA
ASANDIMITRA
Kode Jurnal: jpmanajemendd141050
