Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)

Unusual Phenomena of the Profit-Return Relationship in Indonesia Sharia Stocks Market

Authors
Muhammad Anhar, Faris Faruqi
Corresponding Author
Muhammad Anhar
Available Online 6 April 2020.
DOI
https://doi.org/10.2991/aebmr.k.200331.013How to use a DOI?
Keywords
profitability, index, return, rank, sharia stock
Abstract

This study aims to prove the existence of an unusual phenomenon in the short-term investment market of Sharia stocks in Indonesia in 2018. The usual phenomenon that is in accordance with the fundamental analysis of stock investment is “High profit - high return, low profit - low return”. Does this phenomenon exist? An understanding on the rank of the emiten’s profitability and stock investment returns will be useful in the stocks analysis, especially in the analysis phase when potential investors will determine the stocks that will be the object of investment. Data of emiten’s profitability and investment returns of Sharia stocks are taken and processed from the IDX data. Descriptive analysis is carried out to explain the ranking of profitability and investment return. Inferential analysis (Test of Rank Difference) is carried out to test hypotheses about the difference between profitability and return ranking. Research shows the results that profitability rank and return rank are differing. This shows that the phenomenon of “High profit - high return, low profit - low return” does not exist in the short-term investment market of sharia stocks in Indonesia in 2018, or that the unusual phenomenon occurs.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
6 April 2020
ISBN
978-94-6252-948-9
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200331.013How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Muhammad Anhar
AU  - Faris Faruqi
PY  - 2020
DA  - 2020/04/06
TI  - Unusual Phenomena of the Profit-Return Relationship in Indonesia Sharia Stocks Market
BT  - Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)
PB  - Atlantis Press
SP  - 57
EP  - 59
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200331.013
DO  - https://doi.org/10.2991/aebmr.k.200331.013
ID  - Anhar2020
ER  -