Comparative Analysis of The Performance of The Composite Stock Price Index (IHSG) With the Indonesian Sharia Stock Index (ISSI) During The Covid-19 Pandemic

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Mikrad
Agung Budi
Hendra Galuh Febrianto

Abstract

The objective of this study is to determine whether there is a difference in performance between the conventional stock index and the Islamic stock index. If the performance is different, what is the magnitude of the difference. This research is important to be done to be used as a reference and also a preference for the community to determine which investment instrument is the right one and will be profitable for them. This type of research is comparative. The method used in this study is a quantitative method with secondary data. Secondary data will be accessed through the official website. Secondary data is then processed so that it can provide the right conclusions. The results of this study indicate that there is no significant difference between the conventional stock index and the Islamic stock index in terms of Sharpe's performance. However, there is a significant difference between the conventional stock index and the Islamic stock index in terms of Treynor and Jensen's performance.

Article Details

How to Cite
Mikrad, M., Budi, A., & Galuh Febrianto, H. (2023). Comparative Analysis of The Performance of The Composite Stock Price Index (IHSG) With the Indonesian Sharia Stock Index (ISSI) During The Covid-19 Pandemic. International Journal of Management Science and Information Technology, 3(1), 93–100. https://doi.org/10.35870/ijmsit.v3i1.1107
Section
Articles
Author Biographies

Mikrad, University of Muhammadiyah Tangerang

Faculty of Economics and Business

Agung Budi, University of Muhammadiyah Tangerang

Faculty of Economics and Business

Hendra Galuh Febrianto, University of Muhammadiyah Tangerang

Faculty of Economics and Business

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